Data as of the October 19, 2026 close. Every figure on this page is checked against at least two independent sources, or two separate SEC filings, before it is published. How we verify data.
Weyerhaeuser (WY) and Rayonier (RYN) are both timber REITs, classed as Timberland on REIT Rankings. Here is how they compare on verified numbers as of the October 19, 2026 close, from dividends and debt to rate sensitivity and returns this year.
| Measure | Weyerhaeuser (WY) | Rayonier (RYN) |
|---|---|---|
| Share price | $19.20 | $18.69 |
| Market cap | $13.8B | $5.6B |
| Dividend yield | 4.38% | 5.56% |
| Annual dividend per share | $0.84 | $1.04 |
| Pays | Quarterly | Quarterly |
| Dividend increase in 2026 (confirmed in filings) | No increase | No increase |
| Liabilities to assets | 42.7% (June 30) | 29.7% (June 30) |
| Revenue growth, latest quarter vs a year earlier | -0.9% | +272.1% |
| Price change year to date | -18.9% | -13.7% |
| Price change since Sept. 15 | -13.9% | -8.5% |
| 52-week range (closing) | $18.47 to $27.10 | $17.99 to $24.70 |
| Typical move per 0.25-point rise in the 10-year yield | -4.9% | -4.1% |
| REIT Rankings grade | B 73 | B 71 |
| Third-quarter 2026 results | Not yet filed; page updates when it is | Not yet filed; page updates when it is |
Who Leads on Each Measure
| Measure | Leader |
|---|---|
| Higher dividend yield | Rayonier |
| Lower leverage | Rayonier |
| Less sensitive to rising rates | Rayonier |
| Better price change this year | Rayonier |
| Higher REIT Rankings grade | Weyerhaeuser |
Where They Differ
Rayonier pays the higher yield, 5.56% against 4.38% for Weyerhaeuser. Weyerhaeuser carries more leverage, with liabilities equal to 42.7% of assets against 29.7%. Over the past year Weyerhaeuser has been more sensitive to Treasury yields, typically moving -4.9% for each 0.25-point rise in the 10-year yield against -4.1% for Rayonier. This year Weyerhaeuser shares have moved -18.9% and Rayonier shares -13.7%.
Read the full profiles for portfolio, tenant and balance sheet detail: Weyerhaeuser and Rayonier.
How These Numbers Are Checked
Prices, returns and 52-week ranges are computed separately from Nasdaq and Cboe records and must agree. Dividend rates are checked against the per-share dividends in each company’s latest 10-Q, growth streaks against their 10-K filings, and leverage and revenue come from the balance sheets and income statements filed with the SEC. Third-quarter results replace the latest-quarter figures as soon as each company files. How we verify data.
Frequently Asked Questions
Which pays a higher dividend, WY or RYN?
Weyerhaeuser yields 4.38% and pays $0.84 a share a year (quarterly); Rayonier yields 5.56% and pays $1.04 (quarterly), as of October 19, 2026.
Which has raised its dividend longer, WY or RYN?
Weyerhaeuser: streak not yet verified; Rayonier: streak not yet verified.
Which has more debt, WY or RYN?
On the latest balance sheets, Weyerhaeuser’s liabilities equal 42.7% of total assets and Rayonier’s equal 29.7%. Book leverage is one measure; debt maturities and interest coverage matter too.
Which is more sensitive to interest rates, WY or RYN?
Over the past year, Weyerhaeuser has typically moved -4.9% and Rayonier -4.1% for each 0.25-point rise in the 10-year Treasury yield. Since September 15, 2026, Weyerhaeuser has moved -13.9% and Rayonier -8.5%.
Is WY or RYN the better investment?
REIT Rankings does not make buy, sell or hold calls. On our grades, which measure dividend safety, balance sheet, portfolio, growth and valuation, Weyerhaeuser scores 73 and Rayonier scores 71, so Weyerhaeuser rates higher on business quality. Which suits you depends on whether you value current yield, dividend growth or lower rate risk more.
Related Pages
Best Timber REITs · All REIT comparisons
REIT Rankings publishes data and grades, not investment advice. Nothing on this page is a recommendation to buy, sell or hold any security. Do your own research or consult a licensed advisor.