As he begins his tenure as chief executive of Rayonier Inc., Mark McHugh sees trends improving for the timber and real estate company.
“As we move through the remainder of the year, we are optimistic that continued favorable dynamics for single-family housing, higher operating rates for many of our pulpwood customers and lower log inventories in China will translate to improving fundamentals in our timber segments,” McHugh said in a May 2 conference call with analysts.
“On the real estate front, we’ve been pleased by the continued strong demand for our rural land and development properties despite the higher interest rate environment,” he said.
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