RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
SALES (NOTE 3)	$ 194,993	$ 201,579	$ 536,700	$ 589,526
Costs and Expenses
Cost of sales	(147,202)	(145,622)	(419,053)	(463,197)
Selling and general expenses	(18,271)	(18,947)	(57,852)	(54,677)
Other operating expense, net (Note 14)	(1,914)	(1,654)	(3,538)	(5,571)
Costs and expenses	(167,387)	(166,223)	(480,443)	(523,445)
OPERATING INCOME	27,606	35,356	56,257	66,081
Interest expense, net	(10,021)	(12,598)	(29,576)	(36,755)
Interest and other miscellaneous income, net	12,892	529	8,805	21,725
INCOME BEFORE INCOME TAXES	30,477	23,287	35,486	51,051
Income tax (expense) benefit (Note 16)	(35)	(547)	297	(1,777)
NET INCOME	30,442	22,740	35,783	49,274
Less: Net income attributable to noncontrolling interests in consolidated affiliates	(1,293)	(3,183)	(3,328)	(1,902)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	28,758	19,237	32,018	46,561
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment, net of income tax effect of $0, $0, $0 and $0	13,338	(4,413)	2,402	(17,350)
Cash flow hedges, net of income tax effect of $2,312, $75, $1,339 and $322	(15,827)	7,379	(12,664)	7,002
Pension and postretirement benefit plans, net of income tax expense of $0, $0, $1,222 and $0	139	2	9,701	4
Total other comprehensive (loss) income	(2,350)	2,968	(561)	(10,344)
COMPREHENSIVE INCOME	28,092	25,708	35,222	38,930
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates	(3,195)	(2,906)	(4,168)	(884)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	24,563	22,429	30,637	37,454
Rayonier Limited Partnership
SALES (NOTE 3)	194,993	201,579	536,700	589,526
Costs and Expenses
Cost of sales	(147,202)	(145,622)	(419,053)	(463,197)
Selling and general expenses	(18,271)	(18,947)	(57,852)	(54,677)
Other operating expense, net (Note 14)	(1,914)	(1,654)	(3,538)	(5,571)
Costs and expenses	(167,387)	(166,223)	(480,443)	(523,445)
OPERATING INCOME	27,606	35,356	56,257	66,081
Interest expense, net	(10,021)	(12,598)	(29,576)	(36,755)
Interest and other miscellaneous income, net	12,892	529	8,805	21,725
INCOME BEFORE INCOME TAXES	30,477	23,287	35,486	51,051
Income tax (expense) benefit (Note 16)	(35)	(547)	297	(1,777)
NET INCOME	30,442	22,740	35,783	49,274
Less: Net income attributable to noncontrolling interests in consolidated affiliates	(1,293)	(3,183)	(3,328)	(1,902)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	29,149	19,557	32,455	47,372
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment, net of income tax effect of $0, $0, $0 and $0	13,338	(4,413)	2,402	(17,350)
Cash flow hedges, net of income tax effect of $2,312, $75, $1,339 and $322	(15,827)	7,379	(12,664)	7,002
Pension and postretirement benefit plans, net of income tax expense of $0, $0, $1,222 and $0	139	2	9,701	4
Total other comprehensive (loss) income	(2,350)	2,968	(561)	(10,344)
COMPREHENSIVE INCOME	28,092	25,708	35,222	38,930
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates	(3,195)	(2,906)	(4,168)	(884)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$ 24,897	$ 22,802	$ 31,054	$ 38,046
EARNINGS PER UNIT (NOTE 5)
Basic earnings per unit attributable to Rayonier, L.P. (in dollars per unit)	$ 0.19	$ 0.13	$ 0.22	$ 0.31
Diluted earnings per unit attributable to Rayonier, L.P. (in dollars per unit)	$ 0.19	$ 0.13	$ 0.21	$ 0.31
Rayonier Limited Partnership | Limited Partners
Costs and Expenses
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	$ 28,858	$ 19,361	$ 32,131	$ 46,898
Rayonier Limited Partnership | General Partners
Costs and Expenses
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	$ 291	$ 196	$ 324	$ 474