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EARNINGS (LOSS) PER SHARE AND PER UNIT (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Earnings (Loss) Per Share, Basic and Diluted | The following table provides details of the calculation of basic earnings (loss) per common share of the Company:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Basic earnings (loss) per common share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income (loss) from continuing operations | $9,769 |  |  | ($3,896) |  |  | $4,176 |  |  | ($8,406) |
Less: Net (income) loss from continuing operations attributable to NCI in the Operating Partnership | (129) |  |  | 53 |  |  | (55) |  |  | 118 |
Less: Net loss from continuing operations attributable to NCI in consolidated affiliates | — |  |  | 13 |  |  | — |  |  | 23 |
Net income (loss) from continuing operations attributable to Rayonier Inc. | $9,640 |  |  | ($3,830) |  |  | $4,121 |  |  | ($8,265) |
Net income from discontinued operations | $403,838 |  |  | $6,931 |  |  | $406,346 |  |  | $13,747 |
Less: Net income from discontinued operations attributable to NCI in the Operating Partnership | (5,347) |  |  | (79) |  |  | (5,375) |  |  | (164) |
Less: Net loss (income) from discontinued operations attributable to NCI in consolidated affiliates | 577 |  |  | (1,119) |  |  | 192 |  |  | (2,058) |
Net income from discontinued operations attributable to Rayonier Inc. | $399,068 |  |  | $5,733 |  |  | $401,163 |  |  | $11,525 |
Net income | $413,607 |  |  | $3,035 |  |  | $410,522 |  |  | $5,341 |
Less: Net income attributable to NCI in the Operating Partnership | (5,476) |  |  | (26) |  |  | (5,430) |  |  | (46) |
Less: Net loss (income) attributable to NCI in consolidated affiliates | 577 |  |  | (1,106) |  |  | 192 |  |  | (2,035) |
Net income attributable to Rayonier Inc. | $408,708 |  |  | $1,903 |  |  | $405,284 |  |  | $3,260 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings (loss) per common share - weighted average shares | 155,536,320 |  |  | 148,910,214 |  |  | 154,612,221 |  |  | 148,738,795 |
Basic earnings (loss) per common share attributable to Rayonier Inc.: |  |  |  |  |  |  |
Continuing operations | $0.06 |  |  | ($0.03) |  |  | $0.03 |  |  | ($0.06) |
Discontinued operations | $2.57 |  |  | $0.04 |  |  | $2.59 |  |  | $0.08 |
Basic earnings per common share | $2.63 |  |  | $0.01 |  |  | $2.62 |  |  | $0.02 |
The following table provides details of the calculation of diluted earnings (loss) per common share of the Company:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Diluted earnings (loss) per common share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income (loss) from continuing operations | $9,769 |  |  | ($3,896) |  |  | $4,176 |  |  | ($8,406) |
Less: Net loss from continuing operations attributable to NCI in the Operating Partnership (a) | — |  |  | 53 |  |  | — |  |  | 118 |
Less: Net loss from continuing operations attributable to NCI in consolidated affiliates | — |  |  | 13 |  |  | — |  |  | 23 |
Net income (loss) from continuing operations attributable to Rayonier Inc. used for determining diluted earnings (loss) per common share | $9,769 |  |  | ($3,830) |  |  | $4,176 |  |  | ($8,265) |
Net income from discontinued operations | $403,838 |  |  | $6,931 |  |  | $406,346 |  |  | $13,747 |
Less: Net income from discontinued operations attributable to NCI in the Operating Partnership (a) | — |  |  | (79) |  |  | — |  |  | (164) |
Less: Net loss (income) from discontinued operations attributable to NCI in consolidated affiliates | 577 |  |  | (1,119) |  |  | 192 |  |  | (2,058) |
Net income from discontinued operations attributable to Rayonier Inc. used for determining diluted earnings per common share | $404,415 |  |  | $5,733 |  |  | $406,538 |  |  | $11,525 |
Net income | $413,607 |  |  | $3,035 |  |  | $410,522 |  |  | $5,341 |
Less: Net income attributable to NCI in the Operating Partnership (a) | — |  |  | (26) |  |  | — |  |  | (46) |
Less: Net loss (income) attributable to NCI in consolidated affiliates | 577 |  |  | (1,106) |  |  | 192 |  |  | (2,035) |
Net income attributable to Rayonier Inc. used for determining diluted earnings per common share | $414,184 |  |  | $1,903 |  |  | $410,714 |  |  | $3,260 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings (loss) per common share - weighted average shares | 155,536,320 |  |  | 148,910,214 |  |  | 154,612,221 |  |  | 148,738,795 |
Add: Dilutive effect of: |  |  |  |  |  |  |
Performance shares, restricted shares and restricted stock units | 107,773 |  |  | — |  |  | 191,547 |  |  | — |
Noncontrolling interests in Operating Partnership units | 2,083,823 |  |  | — |  |  | 2,068,864 |  |  | — |
Contingently issuable shares and units from special dividend | — |  |  | — |  |  | 1,269,964 |  |  | — |
Denominator for diluted earnings (loss) per common share - adjusted weighted average shares (b) | 157,727,916 |  |  | 148,910,214 |  |  | 158,142,596 |  |  | 148,738,795 |
Diluted earnings (loss) per common share attributable to Rayonier Inc.: |  |  |  |  |  |  |
Continuing operations | $0.06 |  |  | ($0.03) |  |  | $0.03 |  |  | ($0.06) |
Discontinued operations | $2.56 |  |  | $0.04 |  |  | $2.57 |  |  | $0.08 |
Diluted earnings per common share | $2.63 |  |  | $0.01 |  |  | $2.60 |  |  | $0.02 |
The following table provides details of the calculation of basic earnings (loss) per unit of the Operating Partnership:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Basic earnings (loss) per unit |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income (loss) from continuing operations | $9,769 |  |  | ($3,896) |  |  | $4,176 |  |  | ($8,406) |
Less: Net loss from continuing operations attributable to NCI in consolidated affiliates | — |  |  | 13 |  |  | — |  |  | 23 |
Net income (loss) from continuing operations available to unitholders | $9,769 |  |  | ($3,883) |  |  | $4,176 |  |  | ($8,383) |
Net income from discontinued operations | $403,838 |  |  | $6,931 |  |  | $406,346 |  |  | $13,747 |
Less: Net loss (income) from discontinued operations attributable to NCI in consolidated affiliates | 577 |  |  | (1,119) |  |  | 192 |  |  | (2,058) |
Net income from discontinued operations available to unitholders | $404,415 |  |  | $5,812 |  |  | $406,538 |  |  | $11,689 |
Net income | $413,607 |  |  | $3,035 |  |  | $410,522 |  |  | $5,341 |
Less: Net loss (income) attributable to NCI in consolidated affiliates | 577 |  |  | (1,106) |  |  | 192 |  |  | (2,035) |
Net income available to unitholders | $414,184 |  |  | $1,929 |  |  | $410,714 |  |  | $3,306 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings (loss) per unit - weighted average units | 157,620,143 |  |  | 150,969,634 |  |  | 156,681,085 |  |  | 150,857,624 |
Basic earnings (loss) per unit attributable to Rayonier, L.P.: |  |  |  |  |  |  |
Continuing operations | $0.06 |  |  | ($0.03) |  |  | $0.03 |  |  | ($0.06) |
Discontinued operations | $2.57 |  |  | $0.04 |  |  | $2.59 |  |  | $0.08 |
Basic earnings per unit | $2.63 |  |  | $0.01 |  |  | $2.62 |  |  | $0.02 |
The following table provides details of the calculation of diluted earnings (loss) per unit of the Operating Partnership:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Diluted earnings (loss) per unit |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income (loss) from continuing operations | $9,769 |  |  | ($3,896) |  |  | $4,176 |  |  | ($8,406) |
Less: Net loss from continuing operations attributable to NCI in consolidated affiliates | — |  |  | 13 |  |  | — |  |  | 23 |
Net income (loss) from continuing operations available to unitholders | $9,769 |  |  | ($3,883) |  |  | $4,176 |  |  | ($8,383) |
Net income from discontinued operations | $403,838 |  |  | $6,931 |  |  | $406,346 |  |  | $13,747 |
Less: Net loss (income) from discontinued operations attributable to NCI in consolidated affiliates | 577 |  |  | (1,119) |  |  | 192 |  |  | (2,058) |
Net income from discontinued operations available to unitholders | $404,415 |  |  | $5,812 |  |  | $406,538 |  |  | $11,689 |
Net income | $413,607 |  |  | $3,035 |  |  | $410,522 |  |  | $5,341 |
Less: Net loss (income) attributable to NCI in consolidated affiliates | 577 |  |  | (1,106) |  |  | 192 |  |  | (2,035) |
Net income available to unitholders | $414,184 |  |  | $1,929 |  |  | $410,714 |  |  | $3,306 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings (loss) per unit - weighted average units | 157,620,143 |  |  | 150,969,634 |  |  | 156,681,085 |  |  | 150,857,624 |
Add: Dilutive effect of unit equivalents: |  |  |  |  |  |  |
Performance shares, restricted shares and restricted stock units | 107,773 |  |  | — |  |  | 191,547 |  |  | — |
Contingently issuable shares and units from special dividend | — |  |  | — |  |  | 1,269,964 |  |  | — |
Denominator for diluted earnings (loss) per unit - adjusted weighted average units (a) | 157,727,916 |  |  | 150,969,634 |  |  | 158,142,596 |  |  | 150,857,624 |
Diluted earnings (loss) per unit attributable to Rayonier, L.P.: |  |  |  |  |  |  |
Continuing operations | $0.06 |  |  | ($0.03) |  |  | $0.03 |  |  | ($0.06) |
Discontinued operations | $2.56 |  |  | $0.04 |  |  | $2.57 |  |  | $0.08 |
Diluted earnings per unit | $2.63 |  |  | $0.01 |  |  | $2.60 |  |  | $0.02 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Anti-dilutive shares excluded from the computations of diluted earnings (loss) per common share: |  |  |  |  |  |  |
Stock options, performance shares, restricted shares, restricted stock units and noncontrolling interests in Operating Partnership units (b) | 319,021 |  |  | 2,563,230 |  |  | 227,897 |  |  | 2,732,739 |
(a)For the three and six months ended June 30, 2024, net income (loss) attributable to NCI in the Operating Partnership was included in the numerator for diluted earnings (loss) attributable to Rayonier Inc. due to a loss from continuing operations. (b)For the three and six months ended June 30, 2024, the effect of stock options, performance shares, restricted shares, restricted stock units, and incremental shares related to NCI in Operating Partnership units that are normally dilutive for purposes of calculating diluted earnings (loss) per common share were considered anti-dilutive and excluded from the denominator due to a loss from continuing operations.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Anti-dilutive unit equivalents excluded from the computations of diluted earnings (loss) per unit: |  |  |  |  |  |  |
Stock options, performance shares, restricted shares and restricted stock units (a) | 319,021 |  |  | 503,810 |  |  | 227,897 |  |  | 613,910 |
(a)For the three and six months ended June 30, 2024, the effect of stock options, performance shares, restricted shares, and restricted stock units that are normally dilutive for purposes of calculating diluted earnings (loss) per unit were considered anti-dilutive and excluded from the denominator due to a loss from continuing operations.

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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