RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 159,903	$ 207,696
Trade receivables, less allowance for doubtful accounts of $202 and $210	35,309	28,652
Other receivables	5,145	11,517
Inventory (Note 13)	43,541	31,017
Prepaid expenses	20,148	19,070
Assets held for sale (Note 19)	10,025	9,932
Other current assets	5,873	9,074
Total current assets	279,944	316,958
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,959,052	3,004,316
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 12)	106,403	105,595
PROPERTY, PLANT AND EQUIPMENT
Land	6,453	6,453
Buildings	31,147	31,251
Machinery and equipment	6,633	6,523
Construction in progress	1,895	1,841
Total property, plant and equipment, gross	46,128	46,068
Less — accumulated depreciation	(19,638)	(19,059)
Total property, plant and equipment, net	26,490	27,009
RESTRICTED CASH (NOTE 18)	677	678
RIGHT-OF-USE ASSETS	90,319	95,474
OTHER ASSETS	106,872	97,555
TOTAL ASSETS	3,569,757	3,647,585
CURRENT LIABILITIES
Accounts payable	34,134	26,561
Accrued taxes	5,567	4,394
Accrued payroll and benefits	6,680	14,215
Accrued interest	9,913	7,094
Pension and other postretirement benefits (Note 15)	1,223	8,444
Deferred revenue	20,900	19,012
Other current liabilities	35,339	30,409
Total current liabilities	113,756	140,277
LONG-TERM DEBT, NET (NOTE 6)	1,361,985	1,365,773
PENSION AND OTHER POSTRETIREMENT BENEFITS, NON-CURRENT (NOTE 15)	1,448	1,441
LONG-TERM LEASE LIABILITY	82,932	87,684
LONG-TERM DEFERRED REVENUE	15,349	11,294
OTHER NON-CURRENT LIABILITIES	79,051	81,863
CONTINGENCIES (NOTE 9)
REDEEMABLE OPERATING PARTNERSHIP UNITS (NOTE 4) 2,093,522 and 2,443,898 Units outstanding, respectively	69,589	81,651
CAPITAL
Accumulated other comprehensive income (Note 17)	22,370	24,651
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS’ EQUITY	3,569,757	3,647,585
Rayonier Limited Partnership
CURRENT ASSETS
Cash and cash equivalents	159,903	207,696
Trade receivables, less allowance for doubtful accounts of $202 and $210	35,309	28,652
Other receivables	5,145	11,517
Inventory (Note 13)	43,541	31,017
Prepaid expenses	20,148	19,070
Assets held for sale (Note 19)	10,025	9,932
Other current assets	5,873	9,074
Total current assets	279,944	316,958
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,959,052	3,004,316
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 12)	106,403	105,595
PROPERTY, PLANT AND EQUIPMENT
Land	6,453	6,453
Buildings	31,147	31,251
Machinery and equipment	6,633	6,523
Construction in progress	1,895	1,841
Total property, plant and equipment, gross	46,128	46,068
Less — accumulated depreciation	(19,638)	(19,059)
Total property, plant and equipment, net	26,490	27,009
RESTRICTED CASH (NOTE 18)	677	678
RIGHT-OF-USE ASSETS	90,319	95,474
OTHER ASSETS	106,872	97,555
TOTAL ASSETS	3,569,757	3,647,585
CURRENT LIABILITIES
Accounts payable	34,134	26,561
Accrued taxes	5,567	4,394
Accrued payroll and benefits	6,680	14,215
Accrued interest	9,913	7,094
Pension and other postretirement benefits (Note 15)	1,223	8,444
Distribution Payable	0	30,148
Deferred revenue	20,900	19,012
Other current liabilities	35,339	30,409
Total current liabilities	113,756	140,277
LONG-TERM DEBT, NET (NOTE 6)	1,361,985	1,365,773
PENSION AND OTHER POSTRETIREMENT BENEFITS, NON-CURRENT (NOTE 15)	1,448	1,441
LONG-TERM LEASE LIABILITY	82,932	87,684
LONG-TERM DEFERRED REVENUE	15,349	11,294
OTHER NON-CURRENT LIABILITIES	79,051	81,863
REDEEMABLE OPERATING PARTNERSHIP UNITS (NOTE 4) 2,093,522 and 2,443,898 Units outstanding, respectively	69,589	81,651
CAPITAL
General partners’ capital	18,057	18,325
Limited partners’ capital	1,787,713	1,814,193
Accumulated other comprehensive income (Note 17)	25,472	28,018
TOTAL CONTROLLING INTEREST CAPITAL	1,831,242	1,860,536
Noncontrolling interests in consolidated affiliates (Note 4)	14,405	17,066
TOTAL CAPITAL	1,845,647	1,877,602
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS’ EQUITY	$ 3,569,757	$ 3,647,585