Rayonier's shares jumped after its latest earnings announcement, as the timber REIT reported stronger‑than‑expected performance across its real estate, timber and lumber businesses.
The company said it is closing its valuation gap through a mix of strong real estate performance, stock buybacks and better‑than‑expected timber and lumber performance.
Key drivers of the earnings beat
<small>Source: CNBC — read the original story there.</small>