Nov. 03, 2025 4:16 PM ETRayonier Inc. (RYN) StockWY, PCH, RYN1 CommentDavid Desjardins1.65K FollowersSummaryRayonier is the only pure-play timberland REIT listed on North American exchanges.RYN's portfolio includes 2.0 million acres of timberland in prime locations, mostly in the southern United States, the bright spot within the North American forest industry.Canadian imports of lumber and timber are currently subject to duties and tariffs totalling 45%. If nothing changes, this is set to increase to 65% on January 1st.Rayonier is well-positioned to benefit from the current tariff trend, but also from the structural urbanization trend surrounding large metropolitan areas.I view the ongoing merger with PotlatchDeltic as a net positive, mostly due to the optimized capital structure and improved access to capital of the combined entity.Kerrick/iStock via Getty ImagesWhere Is The Opportunity?With elevated mortgage rates and relatively low consumer confidence, activity levels in the U.S. housing market have cooled off quite a bit since the pandemic highs of 2021. The impact on wood product demandThis article was written byDavid Desjardins1.65K FollowersFor almost a decade, I held research analyst positions in various investment firms, mostly in Toronto. I started in sell-side research with a Canadian bank, then moved to a hedge fund, followed by a family office and then finished my career in wealth management. I was 20 on my first day on Bay Street. I will forever remember. I had worked so hard to get there, from a small French-speaking town in Québec. Getting my CFA and CAIA designations by 25 was another important milestone. I was a young man with a dream, wanting to make it big. However, life was about to teach me a painful lesson. Before conquering the world, a man must first conquer himself by going into the depths of his own abyss. Only then may he shed his naivety and become a man truly able to love.In the summer of 2020, the edifice I had built for myself in the city started to collapse. So many parts of my world crumbled one after the other that I saw death as the outcome. It is only at rock bottom that I found the cure to my existential crisis, and with the last breath of life that emerged from my ashes, I then created my own little paradise.For the last three years, I have been living in a yurt in the boreal forest, approximately 100 kilometres away from the closest paved road or grocery store. In a forest full of birds, just beside a lake full of fish. For water, I go to the creek. For heat, there is plenty of white birch and quaking aspen around. If I need anything in town, I have plenty of money for my needs. I am now 30 and as free as the birds in the skies, so what else can I ask for? I was supposed to be dead by now, so in all humility, and in all gratitude, I say thank you to this grandiose symphony we call life.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comment(1)