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EARNINGS PER SHARE AND PER UNIT - Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Numerator: |  |  |
Net income from continuing operations | $ 74,067 | $ 340,860 | $ 159,314
Less: Net income from continuing operations attributable to NCI in the Operating Partnership | (850) | (4,510) | (2,630)
Less: Net (income) loss from continuing operations attributable to NCI in consolidated affiliates | 0 | (510) | 47
Net income from continuing operations attributable to Rayonier Inc. | 73,217 | 335,840 | 156,731
Net income from discontinued operations | 406,346 | 28,123 | 19,181
Less: Net income from discontinued operations attributable to noncontrolling interests in the Operating Partnership | (5,375) | (324) | (275)
Less: Net loss (income) from discontinued operations attributable to noncontrolling interests in consolidated affiliates | 192 | (4,492) | (2,144)
Net income from discontinued operations attributable to Rayonier Inc. | 401,163 | 23,307 | 16,762
Net income | 480,413 | 368,983 | 178,495
Less: Net income attributable to noncontrolling interests in the Operating Partnership | (6,225) | (4,834) | (2,905)
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates | 192 | (5,002) | (2,097)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. | $ 474,380 | $ 359,147 | $ 173,493
Denominator: |  |  |
Denominator for basic earnings per common share - weighted average shares (in shares) | 154,760,442 | 148,839,858 | 148,046,673
Basic earnings per unit attributable to Rayonier, L.P.: |  |  |
Continuing operations (in dollars per share) | $ 0.47 | $ 2.26 | $ 1.06
Discontinued operations (in dollars per share) | 2.59 | 0.16 | 0.11
Net Income (in dollars per share) | $ 3.07 | $ 2.41 | $ 1.17
Numerator: |  |  |
Net income from continuing operations | $ 74,067 | $ 340,860 | $ 159,314
Less: Net income attributable to noncontrolling interests in the Operating Partnership | (6,225) | (4,834) | (2,905)
Net income from continuing operations attributable to Rayonier Inc. before net income attributable to NCI in the Operating Partnership | 74,067 | 340,350 | 159,361
Net income from discontinued operations | 406,346 | 28,123 | 19,181
Less: Net loss (income) from discontinued operations attributable to noncontrolling interests in consolidated affiliates | 192 | (4,492) | (2,144)
Net income from discontinued operations attributable to Rayonier Inc. before net income attributable to NCI in the Operating Partnership | 406,538 | 23,631 | 17,037
Net income from discontinued operations attributable to Rayonier Inc. | 401,163 | 23,307 | 16,762
Income from continuing operations | 480,413 | 368,983 | 178,495
Less: Net (income) loss attributable to NCI in consolidated affiliates | 192 | (5,002) | (2,097)
Net income attributable to Rayonier Inc. before net income attributable to NCI in the Operating Partnership | 480,605 | 363,981 | 176,398
NET INCOME ATTRIBUTABLE TO RAYONIER INC. | $ 474,380 | $ 359,147 | $ 173,493
Denominator: |  |  |
Denominator for basic earnings per common share - weighted average shares (in shares) | 154,760,442 | 148,839,858 | 148,046,673
Stock options (in shares) | 0 | 41 | 472
Performance shares, restricted shares and restricted stock units (in shares/units) | 183,081 | 362,352 | 401,351
Noncontrolling interests in Operating Partnership units (in shares) | 1,909,803 | 2,066,102 | 2,618,699
Contingently issuable shares and units from special dividends (in shares) | 1,856,440 | 827,150 | 0
Denominator for diluted earnings per unit - adjusted weighted average units (in shares) | 158,709,766 | 152,095,503 | 151,067,195
Diluted earnings per common share attributable to Rayonier Inc.: |  |  |
Continuing operations (in dollars per share) | $ 0.47 | $ 2.24 | $ 1.05
Discontinued operations (in dollars per share) | 2.56 | 0.16 | 0.11
Net Income (in dollars per share) | $ 3.03 | $ 2.39 | $ 1.17
Rayonier Limited Partnership |  |  |
Numerator: |  |  |
Net income from continuing operations | $ 74,067 | $ 340,860 | $ 159,314
Less: Net (income) loss from continuing operations attributable to NCI in consolidated affiliates | 0 | (510) | 47
Net income from continuing operations available to unitholders | 74,067 | 340,350 | 159,361
Net income from continuing operations attributable to Rayonier Inc. | 74,067 | 340,350 | 159,361
Net income from discontinued operations | 406,346 | 28,123 | 19,181
Less: Net loss (income) from discontinued operations attributable to noncontrolling interests in consolidated affiliates | 192 | (4,492) | (2,144)
Net income from discontinued operations attributable to Rayonier Inc. before net income attributable to NCI in the Operating Partnership | 406,538 | 23,631 | 17,037
Net income from discontinued operations attributable to Rayonier Inc. | 406,538 | 23,631 | 17,037
Net income | 480,413 | 368,983 | 178,495
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates | 192 | (5,002) | (2,097)
Net income attributable to Rayonier Inc. before net income attributable to NCI in the Operating Partnership | 480,605 | 363,981 | 176,398
NET INCOME ATTRIBUTABLE TO RAYONIER INC. | $ 480,605 | $ 363,981 | $ 176,398
Denominator: |  |  |
Denominator for basic earnings per unit - weighted average units (in units) | 156,670,245 | 150,905,960 | 150,665,372
Basic earnings per unit attributable to Rayonier, L.P.: |  |  |
Continuing operations (in dollars per unit) | $ 0.47 | $ 2.26 | $ 1.06
Discontinued operations (in dollars per unit) | 2.59 | 0.16 | 0.11
Basic earnings per unit attributable to Rayonier, L.P. (in dollars per unit) | $ 3.07 | $ 2.41 | $ 1.17
Numerator: |  |  |
Net income from continuing operations | $ 74,067 | $ 340,860 | $ 159,314
Net income from discontinued operations | 406,346 | 28,123 | 19,181
Less: Net loss (income) from discontinued operations attributable to noncontrolling interests in consolidated affiliates | 192 | (4,492) | (2,144)
Net income from discontinued operations attributable to Rayonier Inc. | 406,538 | 23,631 | 17,037
Income from continuing operations | 480,413 | 368,983 | 178,495
Less: Net (income) loss attributable to NCI in consolidated affiliates | 192 | (5,002) | (2,097)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. | $ 480,605 | $ 363,981 | $ 176,398
Denominator: |  |  |
Denominator for basic earnings per unit - weighted average units (in units) | 156,670,245 | 150,905,960 | 150,665,372
Stock options (in shares) | 0 | 41 | 472
Performance shares, restricted shares and restricted stock units (in shares/units) | 183,081 | 362,352 | 401,351
Contingently issuable shares and units from special dividends (in shares) | 1,856,440 | 827,150 | 0
Denominator for diluted earnings per unit - adjusted weighted average units (in shares) | 158,709,766 | 152,095,503 | 151,067,195
Diluted earnings per common share attributable to Rayonier Inc.: |  |  |
Continued operations (in dollars per unit) | $ 0.47 | $ 2.24 | $ 1.05
Discontinued operations (in dollars per units) | 2.56 | 0.16 | 0.11
Diluted earnings per unit (in dollars per unit) | $ 3.03 | $ 2.39 | $ 1.17

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