v3.26.1
RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN CAPITAL (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Increase (Decrease) in Partners' Capital [Roll Forward]    
Income (loss) from continuing operations $ (12,514) $ (5,592)
Income (loss) from discontinued operations 0 2,507
Replacement equity awards granted in connection with the merger with PotlatchDeltic — precombination service portion 24,983  
Pension and postretirement benefit plans (1) (2)
Foreign currency translation adjustment   3,633
Cash flow hedges 2,256 (7,047)
Distributions to noncontrolling interests in consolidated affiliates   1,911
Rayonier Limited Partnership    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Beginning balance 2,209,735 1,780,533
Income (loss) from continuing operations (12,514) (5,592)
Income (loss) from discontinued operations 0 2,507
Distributions on units (81,533) (43,254)
Issuance of units associated with the merger with Pope Resources 3,202,571  
Issuance of units from special distribution [1]   203,135
Replacement equity awards granted in connection with the merger with PotlatchDeltic — precombination service portion 24,983  
Stock-based incentive compensation 15,413 2,281
Adjustment of Redeemable Operating Partnership Units 506 (6,355)
Conversion of units into common shares 14 28
Pension and postretirement benefit plans (1) (2)
Foreign currency translation adjustment   3,633
Cash flow hedges 2,256 (7,047)
Distributions to noncontrolling interests in consolidated affiliates   1,911
Ending balance 5,329,356 1,925,295
Rayonier Limited Partnership | Incentive Stock Awards Repurchase Program    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Repurchase of units made under repurchase program (1,006) (38)
Rayonier Limited Partnership | Repurchase Program    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Repurchase of units made under repurchase program (31,068) (2,623)
Units | General Partners’ Capital    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Issuance of units associated with the merger with Pope Resources 32,026  
Replacement equity awards granted in connection with the merger with PotlatchDeltic — precombination service portion 250  
Units | General Partners’ Capital | Rayonier Limited Partnership    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Beginning balance 21,834 17,772
Income (loss) from continuing operations (126) (56)
Income (loss) from discontinued operations   21
Distributions on units (815) (432)
Issuance of units from special distribution [1]   2,031
Stock-based incentive compensation 154 23
Adjustment of Redeemable Operating Partnership Units 5 (63)
Conversion of units into common shares 1 0
Ending balance 53,008 19,269
Units | General Partners’ Capital | Rayonier Limited Partnership | Incentive Stock Awards Repurchase Program    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Repurchase of units made under repurchase program (10) (1)
Units | General Partners’ Capital | Rayonier Limited Partnership | Repurchase Program    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Repurchase of units made under repurchase program (311) (26)
Units | Limited Partners’ Capital    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Issuance of units associated with the merger with Pope Resources 3,170,545  
Replacement equity awards granted in connection with the merger with PotlatchDeltic — precombination service portion 24,733  
Units | Limited Partners’ Capital | Rayonier Limited Partnership    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Beginning balance 2,161,543 1,759,405
Income (loss) from continuing operations (12,388) (5,536)
Income (loss) from discontinued operations   2,101
Distributions on units (80,718) (42,822)
Issuance of units from special distribution [1]   201,104
Stock-based incentive compensation 15,259 2,258
Adjustment of Redeemable Operating Partnership Units 501 (6,292)
Conversion of units into common shares 13 28
Ending balance 5,247,735 1,907,612
Units | Limited Partners’ Capital | Rayonier Limited Partnership | Incentive Stock Awards Repurchase Program    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Repurchase of units made under repurchase program (996) (37)
Units | Limited Partners’ Capital | Rayonier Limited Partnership | Repurchase Program    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Repurchase of units made under repurchase program (30,757) (2,597)
Accumulated Other Comprehensive Income | Rayonier Limited Partnership    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Beginning balance 26,358 (7,865)
Pension and postretirement benefit plans (1) (2)
Foreign currency translation adjustment   3,515
Cash flow hedges 2,256 (7,441)
Ending balance $ 28,613 (11,793)
Noncontrolling Interests in Consolidated Affiliates | Rayonier Limited Partnership    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Beginning balance   11,221
Income (loss) from discontinued operations   385
Foreign currency translation adjustment   118
Cash flow hedges   394
Distributions to noncontrolling interests in consolidated affiliates   1,911
Ending balance   $ 10,207
[1] Reflects the issuance of units related to the Company’s special distribution of $1.80 per unit, paid on January 30, 2025, to holders of record as of December 12, 2024. This distribution comprised a combination of cash and units.