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RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN CAPITAL - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Increase (Decrease) in Partners' Capital [Roll Forward]      
Income (loss) from continuing operations $ 74,067 $ 340,860 $ 159,314
Income (loss) from discontinued operations 406,346 28,123 19,181
Deconsolidation of discontinued operations 18,324    
Pension and postretirement benefit plans 1 9,846 593
Foreign currency translation adjustment 20,475 (33,100) (1,516)
Cash flow hedges (12,524) (16,356) (9,957)
Distributions to noncontrolling interests in consolidated affiliates (3,082) (7,120) (1,699)
Rayonier Limited Partnership      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 1,780,533 1,877,602 1,880,712
Income (loss) from continuing operations 74,067 340,860 159,314
Income (loss) from discontinued operations 406,346 28,123 19,181
Deconsolidation of discontinued operations 18,324    
Distributions on units [1] (389,694) (444,495) (202,916)
Issuance of units from special distributions [2] 366,349    
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs     (81)
Issuance of units under incentive stock plans     75
Stock-based incentive compensation 11,004 14,232 14,002
Adjustment of Redeemable Operating Partnership Units (419) 15,014 (806)
Conversion of units into common shares 11,800 14,793 24,917
Pension and postretirement benefit plans 1 9,846 593
Foreign currency translation adjustment 20,475 (33,100) (1,516)
Cash flow hedges (12,524) (16,356) (9,957)
Distributions to noncontrolling interests in consolidated affiliates (3,082) (7,120) (1,699)
Ending balance 2,209,735 1,780,533 1,877,602
Rayonier Limited Partnership | Incentive Stock Awards Repurchase Program      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Repurchase of units to pay withholding taxes on vested incentive stock awards (2,898) (4,179) (4,217)
Rayonier Limited Partnership | Repurchase Program      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Repurchase of units to pay withholding taxes on vested incentive stock awards (70,547) (14,687)  
Units | General Partners’ Capital | Rayonier Limited Partnership      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 17,772 18,325 18,251
Income (loss) from continuing operations 741 3,404 1,593
Income (loss) from discontinued operations 4,065 236 171
Distributions on units [1] (3,898) (4,445) (2,029)
Issuance of units from special distributions [2] 3,664    
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs     (1)
Issuance of units under incentive stock plans     1
Stock-based incentive compensation 110 143 140
Adjustment of Redeemable Operating Partnership Units (4) 150 (8)
Conversion of units into common shares 118 148 249
Ending balance 21,834 17,772 18,325
Units | General Partners’ Capital | Rayonier Limited Partnership | Incentive Stock Awards Repurchase Program      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Repurchase of units to pay withholding taxes on vested incentive stock awards (29) (42) (42)
Units | General Partners’ Capital | Rayonier Limited Partnership | Repurchase Program      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Repurchase of units to pay withholding taxes on vested incentive stock awards (705) (147)  
Units | Limited Partners’ Capital | Rayonier Limited Partnership      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 1,759,405 1,814,193 1,806,895
Income (loss) from continuing operations 73,326 336,946 157,768
Income (loss) from discontinued operations 402,473 23,395 16,866
Distributions on units [1] (385,796) (440,050) (200,887)
Issuance of units from special distributions [2] 362,685    
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs     (80)
Issuance of units under incentive stock plans     74
Stock-based incentive compensation 10,894 14,089 13,862
Adjustment of Redeemable Operating Partnership Units (415) 14,864 (798)
Conversion of units into common shares 11,682 14,645 24,668
Ending balance 2,161,543 1,759,405 1,814,193
Units | Limited Partners’ Capital | Rayonier Limited Partnership | Incentive Stock Awards Repurchase Program      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Repurchase of units to pay withholding taxes on vested incentive stock awards (2,869) (4,137) (4,175)
Units | Limited Partners’ Capital | Rayonier Limited Partnership | Repurchase Program      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Repurchase of units to pay withholding taxes on vested incentive stock awards (69,842) (14,540)  
Accumulated Other Comprehensive Income (Loss) | Rayonier Limited Partnership      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance (7,865) 28,018 40,249
Deconsolidation of discontinued operations 29,068    
Pension and postretirement benefit plans 1 9,846 593
Foreign currency translation adjustment 19,766 (31,616) (1,466)
Cash flow hedges (14,612) (14,113) (11,358)
Ending balance 26,358 (7,865) 28,018
Noncontrolling Interests in Consolidated Affiliates | Rayonier Limited Partnership      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 11,221 17,066 15,317
Income (loss) from continuing operations   510 (47)
Income (loss) from discontinued operations (192) 4,492 2,144
Deconsolidation of discontinued operations (10,744)    
Foreign currency translation adjustment 709 (1,484) (50)
Cash flow hedges 2,088 (2,243) 1,401
Distributions to noncontrolling interests in consolidated affiliates (3,082) (7,120) (1,699)
Ending balance $ 0 $ 11,221 $ 17,066
[1] The year ended December 31, 2025 includes an additional special distribution of $1.40 per unit, consisting of a combination of cash and units. The distribution was paid December 12, 2025, to holders of record on October 24, 2025. The year ended December 31, 2024 includes an additional special distribution of $1.80 per unit, consisting of a combination of cash and units. The distribution was paid January 30, 2025, to holders of record on December 12, 2024. The year ended December 31, 2023 includes an additional special cash distribution of $0.20 per unit. The cash distribution was paid January 12, 2024, to holders of record on December 29, 2023.
[2] Reflects the issuance of units related to the Company’s special distributions of $1.40 and $1.80 per unit.