RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands		Total	Incentive Stock Awards Repurchase Program	Repurchase Program	Common Shares	Common Shares Incentive Stock Awards Repurchase Program	Common Shares Repurchase Program	Retained Earnings	Retained Earnings Repurchase Program	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests in Consolidated Affiliates
Beginning balance (in shares) at Dec. 31, 2022					147,282,631
Beginning balance at Dec. 31, 2022		$ 1,880,712			$ 1,462,945			$ 366,637		$ 35,813	$ 15,317
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Income (loss) from continuing operations		159,314						159,361			(47)
Income (loss) from discontinued operations		19,181						17,037			2,144
Net income attributable to noncontrolling interests in the Operating Partnership		(2,905)						(2,905)
Dividends	[1],[2]	(199,465)						(199,465)
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs/Issuance of common shares from special dividends (in shares)					400
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs/Issuance of common shares from special dividends		(81)			$ (81)
Issuance of common shares under incentive stock plans (in shares)					380,080
Issuance of common shares under incentive stock plans		75			$ 75
Stock-based incentive compensation		14,002			$ 14,002
Repurchase of common shares (in shares)						(128,923)
Repurchase of common shares			$ (4,217)			$ (4,217)
Adjustment of noncontrolling interests in the Operating Partnership		(2,421)						(2,421)
Conversion of units into common shares (in shares)					764,929
Conversion of units into common shares		24,917			$ 24,917
Pension and postretirement benefit plans		593								593
Foreign currency translation adjustment		(1,516)								(1,466)	(50)
Cash flow hedges		(9,957)								(11,358)	1,401
Allocation of other comprehensive loss to noncontrolling interests in the Operating Partnership		1,069								1,069
Distributions to noncontrolling interests in consolidated affiliates		(1,699)									(1,699)
Ending balance (in shares) at Dec. 31, 2023					148,299,117
Ending balance at Dec. 31, 2023		1,877,602			$ 1,497,641			338,244		24,651	17,066
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Income (loss) from continuing operations		340,860						340,350			510
Income (loss) from discontinued operations		28,123						23,631			4,492
Net income attributable to noncontrolling interests in the Operating Partnership		(4,834)						(4,834)
Dividends	[1],[2]	(438,600)						(438,600)
Issuance of common shares under incentive stock plans (in shares)					399,929
Stock-based incentive compensation		14,232			$ 14,232
Repurchase of common shares (in shares)						(131,965)	(488,017)
Repurchase of common shares			(4,179)	$ (14,687)		$ (4,179)			$ (14,687)
Adjustment of noncontrolling interests in the Operating Partnership		13,150						13,150
Conversion of units into common shares (in shares)					457,579
Conversion of units into common shares		14,793			$ 14,793
Pension and postretirement benefit plans		9,846								9,846
Foreign currency translation adjustment		(33,100)								(31,616)	(1,484)
Cash flow hedges		(16,356)								(14,113)	(2,243)
Allocation of other comprehensive loss to noncontrolling interests in the Operating Partnership		803								803
Distributions to noncontrolling interests in consolidated affiliates		$ (7,120)									(7,120)
Ending balance (in shares) at Dec. 31, 2024		148,536,643			148,536,643
Ending balance at Dec. 31, 2024		$ 1,780,533			$ 1,522,487			257,254		(10,429)	11,221
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Income (loss) from continuing operations		74,067						74,067
Income (loss) from discontinued operations		406,346						406,538			(192)
Net income attributable to noncontrolling interests in the Operating Partnership		(6,225)						(6,225)
Deconsolidation of discontinued operations		18,324								29,068	(10,744)
Dividends	[1],[2]	(385,399)						(385,399)
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs/Issuance of common shares from special dividends (in shares)	[3]				15,071,426
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs/Issuance of common shares from special dividends	[3]	361,983			$ 361,983
Issuance of common shares under incentive stock plans (in shares)					348,412
Stock-based incentive compensation		11,004			$ 11,004
Repurchase of common shares (in shares)						(109,467)	(2,904,276)
Repurchase of common shares			$ (2,898)	$ (70,547)		$ (2,898)			$ (70,547)
Adjustment of noncontrolling interests in the Operating Partnership		5,185						5,185
Conversion of units into common shares (in shares)					482,878
Conversion of units into common shares		11,800			$ 11,800
Pension and postretirement benefit plans		1								1
Foreign currency translation adjustment		20,475								19,766	709
Cash flow hedges		(12,524)								(14,612)	2,088
Allocation of other comprehensive loss to noncontrolling interests in the Operating Partnership		692								692
Distributions to noncontrolling interests in consolidated affiliates		$ (3,082)									(3,082)
Ending balance (in shares) at Dec. 31, 2025		161,425,616			161,425,616
Ending balance at Dec. 31, 2025		$ 2,209,735			$ 1,904,376			$ 280,873		$ 24,486	$ 0

[1] For information regarding distributions to noncontrolling interests in the Operating Partnership, see the Rayonier Inc. Consolidated Statements of Cash Flows and Note 6 — Noncontrolling Interests.

[2] The year ended December 31, 2025 includes an additional special dividend of $1.40 per common share, consisting of a combination of cash and the Company’s common shares. The dividend was paid December 12, 2025 to shareholders of record on October 24, 2025. The year ended December 31, 2024 includes an additional special dividend of $1.80 per common share, consisting of a combination of cash and the Company’s common shares. The dividend was paid January 30, 2025 to shareholders of record on December 12, 2024. The year ended December 31, 2023 includes an additional special cash dividend of $0.20 per common share. The dividend was paid January 12, 2024 to shareholders of record on December 29, 2023.

[3] Reflects the issuance of common shares related to the Company’s special dividends of $1.40 and $1.80 per common share.