RAYONIER INC

Listed Company

RYNCIK 0000052827NYSELarge AcceleratedReal Estate Investment TrustsNorth CarolinaFY ends Dec 31

Period

FY 2025

Revenue

$484.49M

Net Income

$474.38M

Total Assets

$3.40B

Equity

$2.21B

Shares Out

300.75M

Op. Cash Flow

$256.66M

RYN$21.81−7.41% · past yearDBEQ Basic

Daily closing prices

Business

Rayonier Inc. is a timberland REIT owning approximately 2.0 million acres of softwood timberlands in the U.S. South and Pacific Northwest. The company generates revenue from timber harvesting, land sales, hunting leases, mineral-extraction licensing, and emerging land-based solutions including solar and carbon-capture leasing. Operations span three segments: Southern Timber, Pacific Northwest Timber, and Real Estate, with timber managed for sustainable yield and real estate optimized through development and rural sales.

Summary from 10-K filed 2026-02-23

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
SALES (NOTE 4)	484	988	788	909	1,110
Cost of sales	−327	−548	−529	−688	−796
Selling and general expenses	−67	−74	−75	−65	−58
Other operating (expense) income, net (Note 18)	−7	−2	42,000	10	14
Costs and Expenses	−401	−624	−604	−743	−840
OPERATING INCOME	83	364	185	166	270
Interest expense, net	−26	−34	−45	−36	—
Interest income	24	8	2	—	—
Other miscellaneous (expense) income, net	−7	1	18	3	280,000
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	75	340	160	132	225
Income tax (expense) benefit (Note 21)	−527,000	1	−293,000	−9	−15
INCOME FROM CONTINUING OPERATIONS	74	341	159	—	—
Income from operations of discontinued operations, net of tax	2	28	19	—	—
Gain on sale of discontinued operations	404	0	0	—	—
Income from discontinued operations	406	28	19	—	—
NET INCOME	480	369	178	123	210
Less: Net income attributable to noncontrolling interests in the Operating Partnership	−6	−5	−3	−2	−5
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates	192,000	−5	−2	−13	−53
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	474	359	173	107	153
Pension and postretirement benefit plans, net of income tax effect of $0, $1,222 and $0	1,000	10	593,000	2	12
Foreign currency translation adjustment, net of income tax effect of $0, $0 and $0	20	−33	−2	−23	−22
Total other comprehensive income (loss)	37	−40	−11	55	51
COMPREHENSIVE INCOME	517	329	168	177	261
Less: Comprehensive income attributable to noncontrolling interests in the Operating Partnership	−7	−4	−3	−4	−6
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates	−3	−1	−3	−12	−48
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	508	324	162	161	207
Continuing operations (in dollars per share)	0.47	2.26	1.06	—	—
Discontinued operations (in dollars per share)	2.59	0.16	0.11	—	—
Net Income (in dollars per share)	3.07	2.41	1.17	0.73	1.08
Continuing operations (in dollars per share)	0.47	2.24	1.05	—	—
Discontinued operations (in dollars per share)	2.56	0.16	0.11	—	—
Net Income (in dollars per share)	3.03	2.39	1.17	0.73	1.08

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	843	303	208	114	362
Restricted cash, current (Note 22)	0	19	0	—	—
Trade receivables, less allowance for doubtful accounts of $209 and $401	9	8	29	28	30
Other receivables	7	13	12	15	—
Inventory (Note 16)	7	31	31	24	29
Prepaid logging roads	7	6	15	15	14
Prepaid expenses	3	3	4	6	4
Assets held for sale (excluding discontinued operations) (Note 23)	5	5	—	—	—
Other current assets	2	53,000	9	573,000	749,000
Current assets of discontinued operations (Note 2)	0	47	10	713,000	5
Total current assets	884	437	317	202	451
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,299	2,384	3,004	3,231	2,895
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 15)	126	110	106	115	107
Land	6	6	6	6	6
Buildings	24	24	31	31	31
Machinery and equipment	7	5	7	7	6
Construction in progress	2	779,000	2	653,000	460,000
Total property, plant and equipment, gross	39	36	46	45	45
Lessaccumulated depreciation	−21	−18	−19	−18	−15
Total property, plant and equipment, net	19	17	27	27	30
RESTRICTED CASH, NON-CURRENT (NOTE 22)	495,000	676,000	678,000	1	—
RIGHT-OF-USE ASSETS (NOTE 17)	16	19	95	97	102
OTHER ASSETS (NOTE 24)	60	78	98	115	51
NON-CURRENT ASSETS OF DISCONTINUED OPERATIONS (NOTE 2)	0	429	—	—	—
TOTAL ASSETS	3,405	3,474	3,648	3,789	3,636
Accounts payable	13	17	27	22	23
Current maturities of long-term debt, net (Note 8)	200	0	0	0	125
Accrued taxes	5	2	4	4	12
Accrued payroll and benefits	16	15	14	12	—
Accrued interest	5	5	7	6	6
Dividend and distribution payable	0	272	30	0	—
Deferred revenue	19	21	19	23	18
Other current liabilities	14	9	30	28	26
Current liabilities of discontinued operations (Note 2)	0	47	—	—	—
Total current liabilities	271	389	140	95	232
LONG-TERM DEBT, NET (NOTE 8)	845	1,044	1,366	1,515	1,243
LONG-TERM LEASE LIABILITY (NOTE 17)	14	16	88	89	93
LONG-TERM DEFERRED REVENUE	10	11	11	7	—
OTHER NON-CURRENT LIABILITIES	15	11	82	89	109
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (NOTE 2)	0	171	—	—	—
COMMITMENTS AND CONTINGENCIES (NOTES 11 and 12)	—	—	—	—	—
NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP (NOTE 6)	40	52	82	106	134
Common Shares, 480,000,000 shares authorized, 161,425,616 and 148,536,643 shares issued and outstanding	1,904	1,522	1,498	1,463	1,389
Retained earnings	281	257	338	367	402
Accumulated other comprehensive income (loss) (Note 25)	24	−10	25	36	−20
TOTAL RAYONIER INC. SHAREHOLDERS EQUITY	2,210	1,769	1,861	1,865	1,772
Noncontrolling interests in consolidated affiliates (Note 6)	0	11	17	15	44
TOTAL SHAREHOLDERS EQUITY	2,210	1,781	1,878	1,881	1,816
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS EQUITY	3,405	3,474	3,648	3,789	3,636

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, depletion and amortization from continuing operations	106	114	137	—	—
Depreciation, depletion and amortization from discontinued operations	9	26	22	—	—
Non-cash cost of land and improved development from continuing operations	44	41	30	—	—
Non-cash cost of land and improved development from discontinued operations	0	3	0	—	—
Stock-based incentive compensation expense	11	14	14	12	9
Deferred income taxes	−2	3	278,000	−5	9
Asset impairment charge	7	0	0	—	—
Pension settlement charge	0	6	2	0	0
Amortization of (gains) losses from pension and postretirement plans	−6,000	1,000	6,000	753,000	1
Timber write-offs resulting from casualty events	0	0	2	729,000	0
Other	19	−601,000	13	1	9
Receivables	7	−3	4	−9	17
Inventories	235,000	2	513,000	−4	−503,000
Accounts payable	−2	571,000	2	1	−2
All other operating activities	−18	−23	−1	−10	−6
CASH PROVIDED BY OPERATING ACTIVITIES	257	262	298	269	325
Real estate development investments	−22	−26	−23	−14	−13
Net proceeds on sale of discontinued operations	688	0	0	—	—
Net proceeds on sale of property, plant and equipment	4	13,000	37,000	—	—
Purchase of timberlands	0	−23	−14	−459	−179
Other	2	−2	3	1	912,000
CASH PROVIDED BY INVESTING ACTIVITIES	615	354	124	−516	−26
Dividends paid on common shares	−292	−201	−170	−166	−154
Distributions to noncontrolling interests in the Operating Partnership	−4	−3	−3	−4	−4
Proceeds from the issuance of common shares under incentive stock plan	0	0	75,000	3	6
Proceeds from the issuance of common shares under the at-the-market (ATM) equity offering program, net of commissions and offering costs	0	0	−81,000	62	231
Repurchase of common shares to pay withholding taxes on vested incentive stock awards	−3	−4	−4	−4	−2
Repurchase of common shares made under repurchase program	−71	−15	0	0	0
Distributions to noncontrolling interests in consolidated affiliates	−3	−7	−2	−19	−109
Debt issuance costs	−779,000	0	0	−740,000	−5
Repayment of debt	0	−250	−150	−532	−420
CASH USED FOR FINANCING ACTIVITIES	−373	−479	−329	−5	−16
EFFECT OF EXCHANGE RATE CHANGES ON CASH	1	−1	−621,000	−2	−889,000
Change in cash, cash equivalents and restricted cash	500	135	93	−254	282
Interest	25	39	49	—	—
Income taxes	4	6	5	15	7
Capital assets purchased on account	5	8	7	4	5
Issuance of common shares from special dividends	362	0	0	—	—
Issuance of Redeemable Operating Partnership Units from special distributions	4	0	0	—	—

Filings

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Frequently asked questions

What is RAYONIER INC's CIK number?

RAYONIER INC's SEC CIK number is 0000052827 (52827). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find RAYONIER INC's SEC filings?

All of RAYONIER INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did RAYONIER INC last report earnings?

RAYONIER INC (RYN) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000052827-26-000072). This is RAYONIER INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is RAYONIER INC's most recent earnings 8-K?

RAYONIER INC's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0000052827-26-000072. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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