Mark Mchugh on asset sales
From Rayonier Conference Call on Merger with PotlatchDeltic | Oct 14, 2025 · · Investing 101
“With the closing of the sale of our New Zealand business this summer, we had disposed of $1.45 billion of assets since late 2023, exceeding our original disposition goal and achieving our new leverage target in a manner that was both accretive to CAD and NAV per share while also further concentrating our assets in regions with the most long-term optionality and upside.”
On , Mark Mchugh, President, Chief Executive Officer & Director at RAYONIER INC, spoke about asset sales during Rayonier Conference Call on Merger with PotlatchDeltic | Oct 14, 2025 on Investing 101.
About Mark Mchugh
Mark McHugh, President, CEO, and Director of Rayonier, announced a merger of equals with PotlatchDeltic on October 14, 2025. McHugh stated that the combined company would have a large component of stable cash flow while retaining meaningful leverage to the lumber cycle. He said that Rayonier had become mindful of the advantages offered by a larger portfolio, particularly for growing its land-based solutions business and unlocking value through land use optimization. McHugh noted that the company had disposed of $1.45 billion in assets since late 2023, exceeding its original goal and achieving a new leverage target. He described the merger as a "win-win" for both sets of shareholders and expressed excitement about partnering with PotlatchDeltic's CEO to lead the combined company. Separately, McHugh has delivered sermons at Harrison Square Presbyterian Church, where he spoke about hope, calling, and Easter. In an October 2025 sermon, he discussed the concept of "hope-sickness" and cited statistics that 40% of high schoolers in 2023 reported feeling hopelessness. He described capitalism as offering temporary fixes to this condition. In a November 2024 sermon, McHugh said that "the object of God's love is always, always, always ordinary people" and that "often your calling is discovered in the problem that breaks your heart." In an Easter 2025 sermon, he said that "the first miracle of Easter is the one that makes all the other miracles possible: the women showed up with spices, even when they didn't know who would roll away the stone."