RYN on NYSE

Rayonier

Logo: Rayonier, Public domain, via Wikimedia Commons4

American real estate investment trust

Rayonier Inc., headquartered in Wildlight, Florida is a timberland real estate investment trust ("REIT") with assets located in softwood timber growing regions in the United States and New Zealand. Its core business segments are timber and real estate. As of December 31, 2024, the company owned or leased approximately 2.5 million acres of timberlands overall, located in the U.S. South (1.75 million acres) and U.S. Pacific Northwest (308,000 acres).3 Its shares trade on NYSE under the symbol RYN.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

1926Founded1

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  • TickerRYN on NYSE1
  • IndustryReal Estate Investment Trusts1
  • HeadquartersWildlight, Florida1
  • Websiterayonier.com
  • Incorporated inNC5
  • Business address1 Rayonier Way, Wildlight, Fl 320975
  • Filer categoryLarge accelerated filer5

Rayonier Inc., headquartered in Wildlight, Florida is a timberland real estate investment trust ("REIT") with assets located in softwood timber growing regions in the United States and New Zealand. Its core business segments are timber and real estate.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

17.3%Operating margin8
98.2%Net margin8
-51.0%Revenue growth, 20258
21.5%Return on equity8
0.38×Debt to equity8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Pulpwood brought in 19% of the revenue Rayonier broke down this way in fiscal 2025.

  1. Pulpwood$85.8M819%down 14% from 2024
  2. Stumpage, Pay-As-Cut$82.5M818%down 15% from 2024
  3. Non-timber$53.8M812%down 17% from 2024
  4. Non-Strategic Timberland$53.5M812%up 8670% from 2024
  5. Rural$48.6M811%down 33% from 2024
  6. Improved Development$47.2M810%up 53% from 2024
  7. License Revenue, Primarily From Hunting$22.0M85%down 1% from 2024
  8. Other Non-Timber Revenue$18.6M84%down 6% from 2024
  9. Real Estate, Other$16.8M84%up 20% from 2024
  10. Land-Based Solutions$11.3M83%down 22% from 2024
  11. Hardwood$6.2M81%up 24% from 2024
  12. Unimproved Development$5.1M81%down 59% from 2024
Products and services by year
Products and services202320242025
Pulpwood$107.4M$100.3M$85.8M
Stumpage, Pay-As-Cut$109.6M$97.4M$82.5M
Non-timber$53.9M$65.0M$53.8M
Non-Strategic Timberland$3.3M$610.0K$53.5M
Rural$99.7M$72.9M$48.6M
Improved Development$30.7M$30.8M$47.2M
License Revenue, Primarily From Hunting$24.5M$22.1M$22.0M
Other Non-Timber Revenue$14.0M$19.9M$18.6M
Real Estate, Other$12.5M$14.0M$16.8M
Land-Based Solutions$5.3M$14.6M$11.3M
Hardwood$4.3M$5.0M$6.2M
Unimproved Development$114.0K$12.4M$5.1M

Business segments

Southern Timber brought in 47% of the revenue Rayonier broke down this way in fiscal 2025.

  1. Southern Timber$228.3M847%down 9% from 2024
  2. Real Estate$171.2M835%down 73% from 2024
  3. Pacific Northwest Timber$83.6M817%down 23% from 2024
Business segments by year
Business segments202320242025
Southern Timber$265.1M$251.6M$228.3M
Real Estate$388.5M$626.8M$171.2M
Pacific Northwest Timber$133.3M$108.0M$83.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue38¢$327.2M
  • Selling, general and admin8¢$66.7M
  • Income tax0¢$527.0K
  • Profit55¢$474.4M

Out of $483.0M in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid99¢$292.1M
  • Share buybacks1¢$2.9M

Out of $256.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.8

Financial statements

Revenue91011128$483.0M in 2025−32% since 2019
0$500.0M$1.0B$1.5B2019: $711.6M$711.6M20192020: $858.5M$858.5M2020+21%2021: $1.1B$1.1B2021+29%2022: $907.8M$907.8M2022−18%2023: $787.0M$787.0M2023−13%2024: $986.4M$986.4M2024+25%2025: $483.0M$483.0M2025−51%
Operating income91011128$83.3M in 2025−22% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $107.0M$107.0M20192020: $74.4M$74.4M2020−30%2021: $269.8M$269.8M2021+263%2022: $165.8M$165.8M2022−39%2023: $184.7M$184.7M2023+11%2024: $364.1M$364.1M2024+97%2025: $83.3M$83.3M2025−77%
Net income91011128$474.4M in 2025+703% since 2019
0$200.0M$400.0M$600.0M2019: $59.1M$59.1M20192020: $37.1M$37.1M2020−37%2021: $152.6M$152.6M2021+311%2022: $107.1M$107.1M2022−30%2023: $173.5M$173.5M2023+62%2024: $359.1M$359.1M2024+107%2025: $474.4M$474.4M2025+32%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
SALES (NOTE 4)$484.5M$987.9M$788.4M
Cost of sales-$327.2M-$547.6M-$528.9M
Selling and general expenses-$66.7M-$74.4M-$74.8M
Other operating (expense) income, net (Note 18)-$7.3M-$1.8M$42.0K
Costs and Expenses-$401.1M-$623.8M-$603.7M
OPERATING INCOME$83.3M$364.1M$184.7M
Interest expense, net-$26.4M-$33.8M-$45.1M
Interest income$24.3M$8.2M$1.8M
Other miscellaneous (expense) income, net-$6.7M$1.3M$18.3M
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES$74.6M$339.8M$159.6M
Income tax (expense) benefit (Note 21)-$527.0K$1.0M-$293.0K
INCOME FROM CONTINUING OPERATIONS$74.1M$340.9M$159.3M
Income from operations of discontinued operations, net of tax$1.9M$28.1M$19.2M
Gain on sale of discontinued operations$404.5M$0$0
Income from discontinued operations$406.3M$28.1M$19.2M
NET INCOME$480.4M$369.0M$178.5M
Less: Net income attributable to noncontrolling interests in the Operating Partnership-$6.2M-$4.8M-$2.9M
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates$192.0K-$5.0M-$2.1M
NET INCOME ATTRIBUTABLE TO RAYONIER INC.$474.4M$359.1M$173.5M
Pension and postretirement benefit plans, net of income tax effect of $0, $1,222 and $0$1.0K$9.8M$593.0K
Foreign currency translation adjustment, net of income tax effect of $0, $0 and $0$20.5M-$33.1M-$1.5M
Total other comprehensive income (loss)$37.0M-$39.6M-$10.9M
COMPREHENSIVE INCOME$517.4M$329.4M$167.6M
Less: Comprehensive income attributable to noncontrolling interests in the Operating Partnership-$6.7M-$4.4M-$2.6M
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates-$2.6M-$1.3M-$3.4M
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.$508.1M$323.7M$161.5M
Continuing operations (in dollars per share)$0$2$1
Discontinued operations (in dollars per share)$3$0$0
Net Income (in dollars per share)$3.07$2.41$1.17
Continuing operations (in dollars per share)$0$2$1
Discontinued operations (in dollars per share)$3$0$0
Net Income (in dollars per share)$3.03$2.39$1.17

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Corporate structure

Rayonier sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Rayonier

  • Rayonier Wildlight, Florida

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Rayonier reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$5.6M8 Dec 31, 2025$5.6M8 Dec 31, 20240%
Buildings and improvements$24.5M8 Dec 31, 2025$24.5M8 Dec 31, 20240%
Machinery and equipment$7.0M8 Dec 31, 2025$4.9M8 Dec 31, 2024+43.1%
Construction in progress$2.4M8 Dec 31, 2025$779.0K8 Dec 31, 2024+206.3%
Property and equipment, before depreciation$39.4M8 Dec 31, 2025$35.7M8 Dec 31, 2024+10.4%
Accumulated depreciation$20.9M8 Dec 31, 2025$18.3M8 Dec 31, 2024+14.3%
Property and equipment, net$18.5M8 Dec 31, 2025$17.4M8 Dec 31, 2024+6.3%
Operating-lease assets (leased space)$16.3M8 Dec 31, 2025$18.6M8 Dec 31, 2024−12.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$842.9M8 Dec 31, 2025$303.1M8 Dec 31, 2024+178.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$7.0M12 Dec 31, 2024$7.8M12 Dec 31, 2023−10.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$6.8M8 Dec 31, 2025$30.9M8 Dec 31, 2024−77.9%

Properties, in its own words

Our continuing timber operations are disaggregated into two geographically distinct reporting segments: Southern Timber and Pacific Northwest Timber. The following table provides a breakdown of our timberland holdings as of September 30, 2025 and December 31, 2025. These amounts do not reflect any timberland holdings acquired in connection with our merger with PotlatchDeltic, which was completed after the balance sheet date on January 30, 2026:

(acres in 000s) · As of September 30, 2025 · As of December 31, 2025

The rest of Item 2

Owned · Leased · Total · Owned · Leased · Total

Alabama · 248 · 3 · 251 · 248 · 2 · 250

Arkansas · — · 1 · 1 · — · 1 · 1

Florida · 337 · 30 · 367 · 336 · 10 · 346

Georgia · 610 · 49 · 659 · 609 · 48 · 657

Louisiana · 146 · — · 146 · 146 · — · 146

South Carolina · 15 · — · 15 · 15 · — · 15

Texas · 276 · — · 276 · 275 · — · 275

1,632 · 83 · 1,715 · 1,629 · 61 · 1,690

Oregon · 6 · — · 6 · 6 · — · 6

Washington · 299 · 2 · 301 · 299 · 2 · 301

305 · 2 · 307 · 305 · 2 · 307

Total · 1,937 · 85 · 2,022 · 1,934 · 63 · 1,997

The following tables detail changes in our portfolio of owned and leased timberlands by state for our continuing operations from December 31, 2024 to December 31, 2025:

(acres in 000s) · Acres Owned

December 31, 2024 · Acquisitions · Sales · December 31, 2025

Alabama · 250 · — · (2) · 248

Florida · 360 · — · (24) · 336

Georgia · 611 · — · (2) · 609

Louisiana · 146 · — · — · 146

South Carolina · 15 · — · — · 15

Texas · 279 · — · (4) · 275

1,661 · — · (32) · 1,629

Oregon · 6 · — · — · 6

Washington · 299 · — · — · 299

305 · — · — · 305

Total · 1,966 · — · (32) · 1,934

(acres in 000s) · Acres Leased

December 31, 2024 · New Leases · Sold/Expired Leases (a) · December 31, 2025

Alabama · 3 · — · (1) · 2

Arkansas · 2 · — · (1) · 1

Florida · 35 · — · (25) · 10

Georgia · 49 · — · (1) · 48

89 · — · (28) · 61

Washington (b) · 3 · — · (1) · 2

Total · 92 · — · (29) · 63

(a)Includes acres previously under lease that have been harvested and activity for the relinquishment of leased acres.

(b)Primarily timber reservations acquired in the merger with Pope Resources.

TIMBERLAND LEASES & DEEDS

The following table details our acres under lease as of December 31, 2025 by type of lease and estimated lease expiration. See Note 17 — Leases for more information on U.S. timberland leases including lease terms and renewal provisions. These amounts do not reflect any leases acquired in connection with our merger with PotlatchDeltic, which was completed after the balance sheet date on January 30, 2026.

(acres in 000s) · Lease Expiration

Location · Type of Lease · Total · 2026-2035 · 2036-2045 · 2046-2055 · Thereafter

Southern · Fixed Term · 51 · 13 · 32 · — · 6

Fixed Term with Renewal Option (a) · 10 · 10 · — · — · —

Pacific Northwest · Fixed Term (b) · 2 · — · 1 · 1 · —

Total Acres under Long-term Leases · 63 · 23 · 33 · 1 · 6

(a)Includes approximately 1,000 acres of timber deeds.

(b)Primarily timber reservations acquired in the merger with Pope Resources.

The following table details our estimated leased acres, lease expirations and lease costs over the next five years:

(acres and dollars in 000s, except per acre amounts)

Location · 2026 · 2027 · 2028 · 2029 · 2030

Leased Acres Expiring (a) · 1 · 10 · — · — · —

Year-end Leased Acres (a) · 60 · 50 · 50 · 50 · 50

Estimated Annual Lease Cost (a)(b) · $2,701 · $2,679 · $2,288 · $2,272 · $2,272

Average Lease Cost per Acre (a) · $49.30 · $49.22 · $51.51 · $51.46 · $51.46

Leased Acres Expiring · — · — · — · — · —

Year-end Leased Acres (c) · 2 · 2 · 2 · 2 · 2

(a)Includes timber deeds.

(b)Represents capitalized and expensed lease payments.

(c)Primarily timber reservations acquired in the merger with Pope Resources for which no lease payments are made.

OTHER NON-TIMBERLAND LEASES

See Note 17 — Leases for information on other non-timberland leases.

Item 2 of the 10-K filed Feb 23, 2026.17

The story

Rayonier was founded in 1926 as the Rainier Pulp and Paper Company in Shelton, Washington, with a headquarters office in San Francisco, California. Its name was inspired by Mount Rainier in Washington state. Its first mill opened the next year in Shelton Washington, on the Olympic Peninsula. The mill used Tsuga heterophylla (western hemlock) trees to create a premium bleached paper pulp.

In September 1930, Rainier Pulp and Paper began working with the DuPont chemical company to produce hemlock pulp for the manufacture of rayon. Two additional pulp mills were constructed and began operation in the state of Washington at Hoquiam, Washington and Port Angeles, Washington.

Rainier Pulp and Paper changed its name to Rayonier, a portmanteau of the words rayon and Rainier, in 1937, when it became a publicly traded company. The following year, the company acquired timber stands in the southeastern United States, and began construction of a Fernandina Beach, Florida, pulp mill, which began production in 1939.

In 1944, the company moved its offices to New York City. As World War II ended, Rayonier began making large land purchases in the Pacific Northwest. The Rayonier Foundation was created in 1952 to provide assistance to charitable, civic and education organizations in the communities where Rayonier did business.

Rayonier opened international sales offices in Europe and Asia during 1954. That same year, another pulp mill in the southeast was constructed at Jesup, Georgia. High demand prompted the facility to double its capacity by 1957.

ITT purchased the company in 1968 and the name changed to ITT Rayonier.

The Jesup mill was expanded in 1974, becoming the largest pulp mill on earth.

Company headquarters were moved again in 1978; this time to Stamford, Connecticut.

Read the full text

Diplomatic relations with China were restored in 1979. The following year, Rayonier received orders for pulp and logs. It took almost five years to receive permission to open an office in Beijing in 1985.

A log-trading office was opened in New Zealand during 1988. The New Zealand government sold Rayonier 250,000 acres (1,000 km2) of timberland in 1992.

The company was spun off from ITT in 1994 with the company name reverting to Rayonier and shares again traded on the New York Stock Exchange.

Rayonier purchased 969,000 acres (3,920 km2) of timberland in Florida, Georgia and Alabama in 1999, then relocated the corporate offices to Jacksonville, Florida, to be closer to company employees and properties.

Rayonier converted to a real estate investment trust (REIT) on January 1, 2004.

TerraPointe LLC was established in 2005 to manage properties with development potential.

The 2006 purchase of 228,000 acres (920 km2) in six states brought the company's total of land owned, leased or managed to 2,600,000 acres (11,000 km2) in the U.S. and New Zealand.

In March 2008, the company purchased 56,300 acres (228 km2) for $215 million in southwest Washington state from Sierra Pacific

In March 2013, the company sold its wood products division, including its mills in Baxley, Swainsboro, and Eatonton, Georgia, to British Columbia-based International Forest Products (Interfor) for $80 million.

In April 2013, the company increased its shareholding in the joint venture Matariki Forestry Group in New Zealand from 26% to 65% for $140 million.

In May 2014, Rayonier named David L. Nunes as post-separation president and CEO for Rayonier.

A class action against members of the former management team by certain shareholders was launched for the period from October 26, 2010, to November 7, 2014, claiming over-harvesting while communicating publicly harvesting below a sustainable rate.

On October 5, 2017, the court entered orders approving the settlement and a plan of distribution terminating these class actions.

In June 2014, Rayonier spun off its performance fibers business into an independent, publicly traded company, Rayonier Advanced Materials Inc. (NYSE: RYAM). Shareholders of Rayonier received one share of the new Rayonier Advanced Materials company for every three shares of Rayonier on June 27, 2014.

In August 2015, Rayonier announced its ownership in the New Zealand joint venture will increase from 65% to approximately 77%, as part of an anticipated recapitalization of the JV.

In May 2016, Rayonier announced upgrades to it Pacific Northwest timberland portfolio through the acquisition of 61,000 acres of timberlands in western Oregon for $263 million, and a disposition of 55,000 acres comprising predominantly pre-merchantable timber in Washington state for $130 million.

In August 2017, Rayonier consolidated its corporate headquarters, real estate, and forest resources offices into a newly constructed, state-of-the-art building in Wildlight, Florida. The company is currently constructing a 23,600 acre development in Wildlight. It began work on phase two of the project in 2022, developing 15,000 acres of land.

In May 2020, Rayonier acquired Pope Resources in the Pacific Northwest.

In March 2025, Rayonier announced the intended sale of its interest in the New Zealand Joint Venture to the Rohatyn Group for $710 million.

In October 2025, Rayonier and PotlatchDeltic announced a plan to combine in an all-stock deal creating a $7.1 billion forestry company. The combined company will own roughly 4.2 million acres of US timberland. Rayonier announced that it will be relocating its headquarters to Atlanta, Georgia, in the first quarter of 2027, while retaining regional offices in Spokane, Washington, and Wildwood, Florida. The deal closed in January, 2026.

From Wikipedia’s article on Rayonier, shared under CC BY-SA 4.0.6

Leadership

Who has led Rayonier, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (63)

Products and brands

  • structural wood

Listed on Wikidata.1

Timber (47% of total sales for 2024)

U.S. real estate (51% of total sales for 2024)

Trading (2% of total sales for 2024).

From Wikipedia’s article on Rayonier, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Pope Resources, L.P. Delaware7
  • Raydient LLC Delaware7
  • Rayonier Forest Resources, L.P. Delaware7
  • Rayonier Operating Company Holding LLC Delaware7
  • Rayonier Operating Company, LLC Delaware7
  • Rayonier TRS Forest Operations, LLC Delaware7
  • Rayonier TRS Holdings Inc. Delaware7
  • Rayonier, L.P. Delaware7

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • ITT RAYONIER INCMar 29, 1994 to Mar 25, 19945

Timeline

  1. Aug 5, 20268-K Results of operations96
  2. Jul 17, 20268-K Executive or director change; Other events97
  3. May 14, 20268-K Shareholder vote98
  4. May 6, 20268-K Results of operations99
  5. Apr 10, 20268-K Financial statements and exhibits100
  6. Mar 18, 20268-K Change of auditor101
  7. Mar 11, 20268-K Executive or director change; Other events102
  8. Mar 2, 20268-K Regulation FD disclosure103
  9. Feb 11, 20268-K Results of operations104
  10. Feb 5, 20268-K Executive or director change105
  11. Feb 3, 20268-K Entered a material agreement; New debt or obligation; Executive or director change106
  12. Feb 2, 20268-K Completed an acquisition or sale; Change to shareholders' rights; Executive or director change107
  13. Apr 3, 2024New chief executive Mark McHugh becomes CEO18
  14. Dec 17, 2014New chief executive David L. Nunes becomes CEO19
  15. Jan 5, 2012New chief executive Paul G. Boynton becomes CEO20
  16. Mar 2, 2007New chief executive Lee M. Thomas becomes CEO21
  17. Aug 29, 2003New chief executive Wallace Lee Nutter becomes CEO22
  18. 1926Founded Founded1

Calendar

Coming up

  1. Nov 4, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.32 a share, on Nov 5, 2025.108

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results96
  2. May 6, 2026Reported quarterly or annual results99
  3. Feb 11, 2026Reported quarterly or annual results104
  4. Nov 5, 2025Reported quarterly or annual results109
  5. Aug 6, 2025Reported quarterly or annual results110
  6. Apr 30, 2025Reported quarterly or annual results111
  7. Feb 5, 2025Reported quarterly or annual results112
  8. Nov 6, 2024Reported quarterly or annual results113

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

361 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 56 major events, 193 insider forms, 36 large holders, 56 other. The latest 20:

  1. Oct 7, 2026SCHEDULE 13G/A EDGAR
  2. Oct 6, 20264 EDGAR
  3. Oct 2, 2026144 EDGAR
  4. Oct 1, 20264 EDGAR
  5. Sep 30, 2026144 EDGAR
  6. Sep 11, 20264 EDGAR
  7. Sep 10, 2026144 EDGAR
  8. Aug 31, 20264 EDGAR
  9. Aug 10, 2026144 EDGAR
  10. Aug 7, 202610-Q EDGAR
  11. Aug 5, 20268-K EDGAR
  12. Jul 17, 20268-K EDGAR
  13. Jun 29, 202611-K EDGAR
  14. Jun 1, 20264 EDGAR
  15. May 19, 20264 EDGAR
  16. May 19, 20264 EDGAR
  17. May 19, 20264 EDGAR
  18. May 19, 20264 EDGAR
  19. May 19, 20264 EDGAR
  20. May 19, 20264 EDGAR

The 361 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

20 open-market trades by officers, directors and large owners since October 2021: 1 buys and 19 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 2, 2026Daniels Ryan M.SVP, Wood ProductsSale14$18.22$255Form 4
Sep 30, 2026Daniels Ryan M.SVP, Wood ProductsSale887$18.56$16.5KForm 4
Sep 10, 2026Bridwell Mark REVP, GC and SecretarySale5,318$20.19$107.4KForm 4
Apr 20, 2026WASECHEK WAYNEEVP and CFOSale2,920$21.17$61.8KForm 4
Feb 27, 2026CREMERS ERIC JExecutive ChairmanSale169,200$21.44$3.6MForm 4
Nov 19, 2025CORR CHRISTOPHER TSVP, Real Estate DevelopmentSale14,255$21.12$301.1KForm 4
Sep 12, 2024Martin V. LarkinDirectorSale11,998$30.66$367.9KForm 4
Sep 11, 2024Martin V. LarkinDirectorSale10,011$30.57$306.0KForm 4
Feb 1, 2023NUNES DAVID LChief Executive OfficerSale16,454$37.00$608.8KForm 4
Jan 31, 2023NUNES DAVID LChief Executive OfficerSale7,178$36.00$258.4KForm 4
Jan 30, 2023NUNES DAVID LChief Executive OfficerSale40,000$35.42$1.4MForm 4
Dec 15, 2022Pyatt Shelby LSVP, Human Resources and ITSale1,566$34.43$53.9KForm 4
Aug 18, 2022McHugh MarkPresident and CEOSale7,470$38.00$283.9KForm 4
Aug 17, 2022McHugh MarkPresident and CEOSale30$38.00$1.1KForm 4
May 31, 2022MOORE MERIDEEDirectorBuy12,000$41.26$495.1KForm 4
Mar 15, 2022Long Douglas MExecutive VP & CROSale1,400$42.61$59.7KForm 4
Mar 14, 2022CORR CHRISTOPHER TSVP, Real Estate DevelopmentSale17,450$42.32$738.6KForm 4
Mar 8, 2022Tice April J.SVP & Chief Accounting OfficerSale1,850$41.76$77.2KForm 4
Nov 22, 2021McHugh MarkPresident and CEOSale5,000$40.50$202.5KForm 4
Nov 18, 2021Bridwell Mark REVP, GC and SecretarySale842$40.70$34.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Mark McHugh50$800.0K$5.5M124
2025Doug Long$550.0K$2.5M124
2025Rhett Rogers$450.0K$2.0M124
2025April Tice$425.0K$1.9M124
2025Mark Bridwell$440.0K$1.6M124
2024President & Chief$742.5K$4.8M124
2024Former EVP & Chief$531.2K$2.2M124
2024EVPLand$443.8K$1.7M124
2024SVP & Chief$397.5K$1.6M124
2023Executive Officer$565.0K$2.6M124
2023Resource Officer$471.2K$2.2M124
2023Resources$421.2K$1.5M124
2023Counsel & Corp$421.2K$1.3M124
2023Accounting Officer$311.2K$770.5K124

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.29,015,536$617.5M0.0%+163,368
Vanguard Portfolio Management LLC24,649,494$524.5M0.0%−530,801
Norges Bank17,506,364$372.5M0.0%New
Vanguard Capital Management LLC13,278,957$282.6M0.0%−22,072
Legal & General Group Plc10,036,382$213.6M0.0%+285,100
Southeastern Asset Management Inc/tn/9,491,347$202.0M10.5%−1,271,296
Fuller & Thaler Asset Management, Inc.9,301,140$197.9M0.5%+11,409
State Street Corp9,137,511$194.5M0.0%+232,534
Geode Capital Management, LLC5,996,904$127.6M0.0%+170,940
Charles Schwab Investment Management Inc5,101,426$108.6M0.0%+25,096
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp5,064,660$107.8M0.7%No change
Jpmorgan Chase & Co4,936,155$107.2M0.0%−16,890
Deprince Race & Zollo Inc4,068,556$86.6M1.5%−91,039
Atlas FRM LLC3,940,000$83.8M3.6%+3,460,000
Pictet Asset Management Holding SA3,845,807$81.8M0.1%−1,079,656
Northern Trust Corp3,760,506$80.0M0.0%−368,666
Kopernik Global Investors, LLC3,268,598$69.6M4.3%+1,082,095
Ameriprise Financial Inc2,870,383$61.1M0.0%+480,031
DAVENPORT & Co LLC2,613,368$56.1M0.3%+73,216
River Road Asset Management, LLC2,529,591$53.8M0.6%New
Silvercrest Asset Management Group LLC2,497,341$53.1M0.3%−116,686
Bank of New York Mellon Corp2,470,478$52.6M0.0%−103,081
Russell Investments Group, Ltd.2,427,777$51.7M0.0%−220,242
Global Alpha Capital Management Ltd.2,080,000$44.3M2.7%−10,294
Franklin Resources Inc1,980,059$42.1M0.0%−534,516

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Rayonier is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRAYONIER INC2
  • CIK0000052827
  • Employer ID (EIN)13-260732917
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inNorth Carolina17
  • Fiscal year endsDecember 312
  • Industry code (SIC)6798 Real Estate Investment Trusts2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address1 Rayonier Way, Wildlight, FL 320972
  • Phone90435791002
  • Shares outstanding302,298,328 shares; 1,682,524 Rayonier Limited Partnership shares as of Feb 13, 202617
  • Public float$3.4B as of Jun 30, 202517
  • AuditorErnst & Young LLP, Jacksonville, Florida PCAOB ID 42; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceFeb 4, 19942
  • Filings1,988 in all: 4 (1,010), 8-K (295), SC 13G/A (100), 10-Q (98), 3 (54), 11-K (51), SC 13G (34), DEF 14A (32)2
    All 48 form types

    10-K (28), 4/A (26), DEFA14A (21), UPLOAD (21), 8-K/A (18), 425 (17), 144 (16), ARS (16), CORRESP (16), 5 (15), S-8 (12), 424B2 (11), S-3ASR (10), SCHEDULE 13G/A (10), 10-Q/A (8), 424B7 (7), 424B5 (6), S-8 POS (6), 10-K405 (5), POSASR (4), PRE 14A (4), 10-K/A (3), 3/A (3), 424B3 (3), S-3 (3), S-3/A (3), S-4 (3), S-4/A (3), EFFECT (2), FWP (2), SC 13D (2), SCHEDULE 13G (2), 10-K405/A (1), 25 (1), 5/A (1), 8-A12B (1), 8-A12B/A (1), NO ACT (1), POS AM (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Feb 23, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 1, 2026
    Latest 8-K (8-K) Aug 5, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, no par value, of Rayonier Inc.RYNNew York Stock Exchange

From the cover page of the 10-K filed Feb 23, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Rayonier names in Item 1A of its 10-K filed Feb 23, 2026: 27 risks under these headings, as written.17

  • ECONOMIC RISK FACTORS
  • A sustained increase in the rate of inflation, a persistent period of heightened inflation and monetary policy responses to the inflationary environment could negatively affect our stock price, results of operations and financial condition.
  • We are exposed to the cyclicality of the markets in which we operate and other factors beyond our control, which could adversely affect our results of operations.
  • The industries in which we operate are highly competitive.
  • Our business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by the ongoing conflicts and geopolitical tensions.
  • OPERATIONAL RISK FACTORS
  • Weather, climate change and other natural conditions may limit our timber harvest and sales.
  • Entitlement and development of real estate entail a lengthy, uncertain and costly governmental approval process, which could adversely affect our ability to grow the businesses in our Real Estate segment.
  • A material disruption at one or more of our manufacturing facilities could prevent us from meeting customer demand, reduce our sales or negatively affect our results of operations and financial condition.
  • We depend on third parties for logging and transportation services and increases in the costs or decreases in the availability of quality service providers could adversely affect our business.
  • Our estimates of timber inventories and growth rates may be inaccurate, which could impair our ability to realize expected revenues.
  • Our businesses are subject to extensive environmental laws and regulations that may restrict or adversely affect our ability to conduct our business.
The other 17 risks
  • Environmental laws and regulations are constantly changing and are generally becoming more restrictive.
  • If regulatory and environmental permits are delayed, restricted or rejected, a variety of our operations could be adversely affected.
  • Environmental groups and interested individuals may seek to delay or prevent a variety of operations.
  • Third-party operators may create environmental liabilities.
  • The impact of existing regulatory restrictions on future harvesting activities may be significant.
  • We formerly owned or operated or may own or acquire timberlands or properties that may require environmental remediation or otherwise be subject to environmental and other liabilities.
  • A strike or other work stoppage, or our inability to renew collective bargaining agreements timely and on favorable terms, could adversely affect our financial results.
  • We rely on information technology in our operations, and any material failure, inadequacy, interruption or security failure of that technology could harm our business.
  • REIT AND TAX-RELATED RISK FACTORS
  • Loss of our REIT status would adversely affect our cash flow and stock price.
  • Certain of our business activities are potentially subject to prohibited transactions tax.
  • Failure of our Operating Partnership to maintain status as a partnership for U.S. federal income tax purposes would substantially reduce our cash available to pay distributions.
  • Our cash dividends and Operating Partnership distributions are not guaranteed and may fluctuate.
  • Lack of shareholder ownership and transfer restrictions in our articles of incorporation may affect our ability to qualify as a REIT.
  • GENERAL RISK FACTORS
  • The impacts of climate-related initiatives, at the international, U.S. federal and state levels, remain uncertain at this time.
  • As a result of the PotlatchDeltic merger, we have assumed responsibility for qualified defined benefit pension plans that are currently underfunded.
  • Expectations relating to sustainability considerations expose Rayonier to potential liabilities, increased costs, reputational harm and other adverse effects on Rayonier’s business.
  • We are subject to various risks related to the recently completed merger of equals transaction with PotlatchDeltic.

Legal proceedings

The information set forth under Note 12 — Contingencies and in Note 13 — Environmental and Natural Resource Damage Liabilities in the “Notes to Consolidated Financial Statements” under Item 8 of Part II of this report is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.17

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