Timber REITs own the only asset class that manufactures itself: trees add 5-7% biological growth annually regardless of markets, land appreciates beneath them, and carbon, solar, and conservation markets now pay for acres that never see a saw. The sector just consolidated: PotlatchDeltic merged into Rayonier on January 30, 2026, leaving two public timber REITs, both graded below.
| # | REIT | Grade | Yield | Market Cap | Occupancy | Credit |
|---|---|---|---|---|---|---|
| 1 | Weyerhaeuser (WY) | B 72 | 3.33% | $18.2B | — | BBB |
| 2 | Rayonier (RYN) | B 71 | 11.45% | $6.5B | — | — |
Grades follow the published REIT Rankings methodology. Yields and market caps update automatically with market data.
How to Read This Ranking
Weyerhaeuser (72) is the scale leader: 10.5 million acres plus mills, running the honest base-plus-variable dividend design that pays what the cycle provides. Rayonier (71) is the newly forged number two: the merger of equals added PotlatchDeltic’s acres, sawmills, and plywood capacity to create a 4.1 million acre integrated company, ending Rayonier’s pure-play era and importing housing-cycle torque alongside genuine land-solutions scale. The retired ticker is documented on our PotlatchDeltic (PCH) conversion page. Neither survivor is a fixed-coupon investment; both are real-asset compounders with cyclical income, graded accordingly.