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REVENUE (Tables)
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Balances
The following table summarizes revenue recognized during the three and nine months ended September 30, 2025 and 2024 that was included in the contract liability balance at the beginning of each year:
 Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Revenue recognized from contract liability balance at the beginning of the year$3,649 $2,122 $19,497 $20,377 
Schedule of Disaggregation of Revenue by Product
The following tables present our revenue from contracts with customers disaggregated by product type for the three and nine months ended September 30, 2025 and 2024:
Three Months EndedSouthern TimberPacific Northwest TimberReal EstateTotal
September 30, 2025
Pulpwood$22,261 $1,229 — $23,490 
Sawtimber27,860 17,102 — 44,962 
Hardwood2,080 — — 2,080 
Total Timber Sales52,201 18,331 — 70,532 
License Revenue, Primarily from Hunting5,346 230 — 5,576 
Land-Based Solutions (a)2,822 32 — 2,854 
Other Non-Timber Revenue6,465 1,348 — 7,813 
Total Non-Timber Sales14,633 1,610 — 16,243 
Improved Development— — 20,590 20,590 
Rural— — 7,311 7,311 
Timberland & Non-Strategic— — 53,500 53,500 
Deferred Revenue/Other (b)— — 8,882 8,882 
Total Real Estate Sales— — 90,283 90,283 
Revenue from Contracts with Customers66,834 19,941 90,283 177,058 
Lease Revenue— — 473 473 
Total Revenue$66,834 $19,941 $90,756 $177,531 
Three Months EndedSouthern TimberPacific Northwest TimberReal EstateTotal
September 30, 2024
Pulpwood$23,182 $1,318 — $24,500 
Sawtimber21,034 24,378 — 45,412 
Hardwood1,136 — — 1,136 
Total Timber Sales45,352 25,696 — 71,048 
Trading (c)397 4,378 — 4,775 
License Revenue, Primarily from Hunting5,348 290 — 5,638 
Land-Based Solutions (a)2,767 10 — 2,777 
Other Non-Timber Revenue8,552 1,252 — 9,804 
Total Non-Timber Sales17,064 5,930 — 22,994 
Improved Development— — 11,999 11,999 
Rural— — 13,766 13,766 
Conservation Easement— — 1,101 1,101 
Deferred Revenue/Other (b)— — 2,740 2,740 
Total Real Estate Sales— — 29,606 29,606 
Revenue from Contracts with Customers62,416 31,626 29,606 123,648 
Lease Revenue— — 455 455 
Total Revenue$62,416 $31,626 $30,061 $124,103 
(a)    Consists primarily of sales from carbon capture and storage (“CCS”) and solar energy contracts.
(b)    Includes deferred revenue adjustments, builder price participation, and other fees related to Improved Development sales.    
(c)    Consists of log trading sales which are now included in the Southern Timber and Pacific Northwest Timber segments. See Note 3 — Segment and Geographical Information for further discussion of our reportable segments.
Nine Months EndedSouthern TimberPacific Northwest TimberReal EstateTotal
September 30, 2025
Pulpwood$61,495 $3,754 — $65,249 
Sawtimber71,830 56,110 — 127,940 
Hardwood4,531 — — 4,531 
Total Timber Sales137,856 59,864 — 197,720 
Trading (a)— 1,805 — 1,805 
License Revenue, Primarily From Hunting15,912 426 — 16,338 
Land-Based Solutions (b)8,357 93 — 8,450 
Other Non-Timber Revenue8,977 3,345 — 12,322 
Total Non-Timber Sales33,246 5,669 — 38,915 
Improved Development— — 32,368 32,368 
Unimproved Development— — 3,000 3,000 
Rural — — 28,314 28,314 
Timberland & Non-Strategic— — 53,500 53,500 
Deferred Revenue/Other (c)— — 12,047 12,047 
Total Real Estate Sales— — 129,229 129,229 
Revenue from Contracts with Customers171,102 65,533 129,229 365,864 
Lease Revenue— — 1,126 1,126 
Total Revenue$171,102 $65,533 $130,355 $366,990 
Nine Months EndedSouthern TimberPacific Northwest TimberReal EstateTotal
September 30, 2024
Pulpwood$73,141 $4,329 — $77,470 
Sawtimber79,973 68,495 — 148,468 
Hardwood3,003 — — 3,003 
Total Timber Sales156,117 72,824 — 228,941 
Trading (a)1,223 7,083 — 8,306 
License Revenue, Primarily from Hunting15,907 515 — 16,422 
Land-Based Solutions (b)7,062 30 — 7,092 
Other Non-Timber Revenue12,236 3,354 — 15,590 
Total Non-Timber Sales36,428 10,982 — 47,410 
Improved Development— — 16,399 16,399 
Rural— — 29,964 29,964 
Timberland & Non-Strategic— — 610 610 
Conservation Easement— — 1,101 1,101 
Deferred Revenue/Other (c)— — 11,902 11,902 
Total Real Estate Sales— — 59,976 59,976 
Revenue from Contracts with Customers192,545 83,806 59,976 336,327 
Lease Revenue— — 1,119 1,119 
Total Revenue$192,545 $83,806 $61,095 $337,446 
(a)    Consists of log trading sales which are now included in the Southern Timber and Pacific Northwest Timber segments. See Note 3 — Segment and Geographical Information for further discussion of our reportable segments.
(b)    Consists primarily of sales from carbon capture and storage (“CCS”) and solar energy contracts.
(c)    Includes deferred revenue adjustments, builder price participation, and other fees related to Improved Development sales.    
The following tables present our timber sales disaggregated by contract type for the three and nine months ended September 30, 2025 and 2024:
Three Months EndedSouthern TimberPacific Northwest TimberTotal
September 30, 2025
Stumpage Pay-as-Cut $26,112 — $26,112 
Stumpage Lump Sum368 646 1,014 
Total Stumpage26,480 646 27,126 
Delivered Wood (Domestic)25,721 17,685 43,406 
Total Delivered25,721 17,685 43,406 
Total Timber Sales$52,201 $18,331 $70,532 
September 30, 2024
Stumpage Pay-as-Cut $20,907 — $20,907 
Stumpage Lump Sum— 3,846 3,846 
Total Stumpage20,907 3,846 24,753 
Delivered Wood (Domestic)23,733 20,612 44,345 
Delivered Wood (Export)712 1,238 1,950 
Total Delivered24,445 21,850 46,295 
Total Timber Sales$45,352 $25,696 $71,048 
Nine Months EndedSouthern TimberPacific Northwest TimberTotal
September 30, 2025
Stumpage Pay-as-Cut $63,225 — $63,225 
Stumpage Lump Sum794 2,356 3,150 
Total Stumpage64,019 2,356 66,375 
Delivered Wood (Domestic)73,837 57,465 131,302 
Delivered Wood (Export)— 43 43 
Total Delivered73,837 57,508 131,345 
Total Timber Sales$137,856 $59,864 $197,720 
September 30, 2024
Stumpage Pay-as-Cut $80,531 $8 $80,539 
Stumpage Lump Sum
— 7,381 7,381 
Total Stumpage80,531 7,389 87,920 
Delivered Wood (Domestic)
70,851 61,513 132,364 
Delivered Wood (Export)
4,735 3,922 8,657 
Total Delivered75,586 65,435 141,021 
Total Timber Sales
$156,117 $72,824 $228,941