RAYONIER INC

Rayonier operates as a land resources REIT managing over four million acres across the U.S. South and U.S. Northwest. The company owns and manages timberlands on a sustainable basis while working to direct land toward its highest and best use. Its operations span multiple revenue-generating activities, including timber harvesting and sales, real estate development, and rural land transactions. The company also maintains direct operational assets in wood products manufacturing, including six sawmills and an industrial-grade plywood mill that process timber harvested from its forestlands.

The company's business model centers on generating returns through timber sales, real estate development activity including residential and commercial properties, and strategic land sales. Rayonier holds third-party forest certifications and operates a land-based climate solutions business. The company maintains a significant geographic footprint across high-timber-yield regions in the southeastern and northwestern United States, positioning it to serve regional and national forest products markets. The company's land holdings and integrated operations create diversified revenue streams while allowing portfolio optimization across timberland, development, and conservation-focused activities.