v3.26.1
EARNINGS PER SHARE AND PER UNIT (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Loss Per Share, Basic and Diluted
The following table provides details of the calculation of basic earnings per common share of the Company:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Basic earnings per common share
Numerator:
Net income from continuing operations$19,243 $9,769 $6,729 $4,176 
Less: Net income from continuing operations attributable to NCI in the Operating Partnership(106)(129)(24)(55)
Net income from continuing operations attributable to Rayonier Inc.$19,137 $9,640 $6,705 $4,121 
Net income from discontinued operations— $403,838 — $406,346 
Less: Net income from discontinued operations attributable to NCI in the Operating Partnership— (5,347)— (5,375)
Less: Net loss from discontinued operations attributable to NCI in consolidated affiliates— 577 — 192 
Net income from discontinued operations attributable to Rayonier Inc.— $399,068 — $401,163 
Net income$19,243 $413,607 $6,729 $410,522 
Less: Net income attributable to NCI in the Operating Partnership(106)(5,476)(24)(5,430)
Less: Net loss attributable to NCI in consolidated affiliates— 577 — 192 
Net income attributable to Rayonier Inc.$19,137 $408,708 $6,705 $405,284 
Denominator:
Denominator for basic earnings per common share - weighted average shares300,735,729 155,536,320 278,468,765 154,612,221 
Basic earnings per common share attributable to Rayonier Inc.:
Continuing operations$0.06 $0.06 $0.02 $0.03 
Discontinued operations— $2.57 — $2.59 
Basic earnings per common share$0.06 $2.63 $0.02 $2.62 
The following table provides details of the calculation of diluted earnings per common share of the Company:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Diluted earnings per common share
Numerator:
Net income from continuing operations attributable to Rayonier Inc., before net income attributable to NCI in the Operating Partnership$19,243 $9,769 $6,729 $4,176 
Net income from discontinued operations— $403,838 — $406,346 
Less: Net loss from discontinued operations attributable to NCI in consolidated affiliates— 577 — 192 
Net income from discontinued operations attributable to Rayonier Inc., before net income attributable to NCI in the Operating Partnership— $404,415 — $406,538 
Net income$19,243 $413,607 $6,729 $410,522 
Less: Net loss attributable to NCI in consolidated affiliates— 577 — 192 
Net income attributable to Rayonier Inc., before net income attributable to NCI in the Operating Partnership$19,243 $414,184 $6,729 $410,714 
Denominator:
Denominator for basic earnings per common share - weighted average shares300,735,729 155,536,320 278,468,765 154,612,221 
Add: Dilutive effect of:
Performance shares and restricted stock units523,824 107,773 505,692 191,547 
Noncontrolling interests in Operating Partnership units1,665,351 2,083,823 1,673,901 2,068,864 
Contingently issuable shares and units from special dividend— — — 1,269,964 
Denominator for diluted earnings per common share - adjusted weighted average shares302,924,904 157,727,916 280,648,358 158,142,596 
Diluted earnings per common share attributable to Rayonier Inc.:
Continuing operations$0.06 $0.06 $0.02 $0.03 
Discontinued operations— $2.56 — $2.57 
Diluted earnings per common share$0.06 $2.63 $0.02 $2.60 
The following table provides details of the calculation of basic earnings per unit of the Operating Partnership:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Basic earnings per unit
Numerator:
Net income from continuing operations available to unitholders$19,243 $9,769 $6,729 $4,176 
Net income from discontinued operations— $403,838 — $406,346 
Less: Net loss from discontinued operations attributable to NCI in consolidated affiliates— 577 — 192 
Net income from discontinued operations available to unitholders— $404,415 — $406,538 
Net income$19,243 $413,607 $6,729 $410,522 
Less: Net loss attributable to NCI in consolidated affiliates— 577 — 192 
Net income available to unitholders$19,243 $414,184 $6,729 $410,714 
Denominator:
Denominator for basic earnings per unit - weighted average units302,401,080 157,620,143 280,142,666 156,681,085 
Basic earnings per unit attributable to Rayonier, L.P.:
Continuing operations$0.06 $0.06 $0.02 $0.03 
Discontinued operations— $2.57 — $2.59 
Basic earnings per unit$0.06 $2.63 $0.02 $2.62 
The following table provides details of the calculation of diluted earnings per unit of the Operating Partnership:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Diluted earnings per unit
Numerator:
Net income from continuing operations available to unitholders$19,243 $9,769 $6,729 $4,176 
Net income from discontinued operations— $403,838 — $406,346 
Less: Net loss from discontinued operations attributable to NCI in consolidated affiliates— 577 — 192 
Net income from discontinued operations available to unitholders— $404,415 — $406,538 
Net income$19,243 $413,607 $6,729 $410,522 
Less: Net income attributable to NCI in consolidated affiliates— 577 — 192 
Net income available to unitholders$19,243 $414,184 $6,729 $410,714 
Denominator:
Denominator for basic earnings per unit - weighted average units302,401,080 157,620,143 280,142,666 156,681,085 
Add: Dilutive effect of unit equivalents:
Performance shares and restricted stock units523,824 107,773 505,692 191,547 
Contingently issuable shares and units from special dividend— — — 1,269,964 
Denominator for diluted earnings per unit - adjusted weighted average units302,924,904 157,727,916 280,648,358 158,142,596 
Diluted earnings per unit attributable to Rayonier, L.P.:
Continuing operations$0.06 $0.06 $0.02 $0.03 
Discontinued operations— $2.56 — $2.57 
Diluted earnings per unit$0.06 $2.63 $0.02 $2.60 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Anti-dilutive shares excluded from the computations of diluted earnings per common share:
Performance shares and restricted stock units350,256 319,021 409,490 227,897 
Total350,256 319,021 409,490 227,897 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Anti-dilutive unit equivalents excluded from the computations of diluted earnings per unit:
Performance shares and restricted stock units350,256 319,021 409,490 227,897 
Total350,256 319,021 409,490 227,897