RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
SALES (NOTE 4)	$ 177,531	$ 124,103	$ 366,990	$ 337,446
Costs and Expenses
Cost of sales	(119,126)	(86,332)	(258,984)	(246,755)
Selling and general expenses	(17,008)	(18,276)	(50,621)	(57,865)
Other operating income (expense), net (Note 15)	313	(663)	(1,071)	(815)
Costs and expenses	(135,821)	(105,271)	(310,676)	(305,435)
OPERATING INCOME	41,710	18,832	56,314	32,011
Interest expense, net	(6,768)	(9,209)	(19,704)	(27,186)
Interest income	9,806	1,098	15,009	4,752
Other miscellaneous (expense) income, net	(1,039)	11,529	(3,443)	3,276
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	43,709	22,250	48,176	12,853
Income tax (expense) benefit (Note 16)	0	(10)	(291)	981
INCOME FROM CONTINUING OPERATIONS	43,709	22,240	47,885	13,834
Income from operations of discontinued operations, net of tax	0	8,202	1,883	21,949
Gain on sale of discontinued operations	0	0	404,463	0
INCOME FROM DISCONTINUED OPERATIONS	0	8,202	406,346	21,949
NET INCOME	43,709	30,442	454,231	35,783
Less: Net income (loss) attributable to noncontrolling interests in the Operating Partnership	(522)	(391)	(5,952)	(437)
Less: Net (income) loss attributable to NCI in consolidated affiliates	0	(1,293)	192	(3,328)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	43,187	28,758	448,471	32,018
OTHER COMPREHENSIVE INCOME (LOSS), RELATING TO CONTINUING OPERATIONS
Pension and postretirement benefit plans, net of income tax effect of $0 and $1,222	(2)	139
Foreign currency translation adjustment, net of income tax effect of $0 and $0		13,338
Total other comprehensive (loss) income	(3,750)	(2,350)	40,143	(561)
COMPREHENSIVE INCOME	39,959	28,092	494,374	35,222
Less: Comprehensive income attributable to noncontrolling interests in the Operating Partnership	(477)	(334)	(6,450)	(417)
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates	0	(3,195)	(2,605)	(4,168)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$ 39,482	$ 24,563	$ 485,319	$ 30,637
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.
Continuing operations (in dollars per share)	$ 0.28	$ 0.15	$ 0.31	$ 0.09
Discontinued operations (in dollars per share)	0	0.05	2.60	0.12
Net Income (in dollars per share)	0.28	0.19	2.90	0.22
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.
Continuing operations (in dollars per share)	0.28	0.15	0.30	0.09
Discontinued operations (in dollars per share)	0	0.05	2.58	0.12
Net Income (in dollars per share)	$ 0.28	$ 0.19	$ 2.88	$ 0.21
Continuing Operations
OTHER COMPREHENSIVE INCOME (LOSS), RELATING TO CONTINUING OPERATIONS
Cash flow hedges, net of income tax effect of $3,531 and $1,339	$ (3,748)	$ (21,771)	$ (18,475)	$ (16,106)
Pension and postretirement benefit plans, net of income tax effect of $0 and $1,222	(2)	139	(5)	9,701
Discontinued Operations
OTHER COMPREHENSIVE INCOME (LOSS), RELATING TO CONTINUING OPERATIONS
Cash flow hedges, net of income tax effect of $3,531 and $1,339	0	5,944	9,080	3,442
Foreign currency translation adjustment, net of income tax effect of $0 and $0	0	13,338	20,475	2,402
Deconsolidation of discontinued operations, net of income tax effect of $0, $0, $0 and $0	$ 0	$ 0	$ 29,068	$ 0