On the Record · Rayonier

Rayonier acquisitions, on the record

The businesses Rayonier bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Pope Resources, a Delaware Limited Partnership Word for word“On May 8, 2020, Rayonier, L.P. acquired Pope Resources, a Delaware Limited Partnership (“Pope Resources”) and issued approximately 4.45 million operating partnership units (“OP Units” or “Redeemable Operating Partnership Units”) of Rayonier, L.P. as partial merger consideration.” 10-K for 2023	acquisition	May 8, 2020	approximately 4.45 million operating partnership units
55,000-acre Large Disposition in Oregon Word for word“In addition, we closed on a 55,000-acre Large Disposition in Oregon for $242.2 million.” 10-K for 2023	divestiture	—	$242.2 million
approximately 138,000 acres of high-quality commercial timberlands located in Texas, Georgia, Alabama, and Louisiana from Manulife Investment Management Word for word“In December 2022, we completed the acquisitions of approximately 138,000 acres of high-quality commercial timberlands located in Texas, Georgia, Alabama, and Louisiana from Manulife Investment Management for approximately $ 454.5 million in the aggregate.” 10-K for 2023	acquisition	In December 2022	approximately $ 454.5 million in the aggregate
approximately 4,000 acres of U.S. timberland located in Florida, Georgia, Texas and Washington (six transactions) Word for word“During 2023, we acquired approximately 4,000 acres of U.S. timberland located in Florida, Georgia, Texas and Washington through six transactions for an aggregate value of $ 13.2 million, which were funded with cash on hand and like-kind exchange proceeds.” 10-K for 2023	acquisition	During 2023	$ 13.2 million
approximately 1,000 acres of leased timberland in New Zealand Word for word“Additionally, during 2023, we acquired approximately 1,000 acres of leased timberland in New Zealand.” 10-K for 2023	acquisition	During 2023	—
rights to manage Timber Funds III and IV, previously managed by Olympic Resources Management (ORM), and co-investment stake in both funds Word for word“Gain on investment in Timber Funds represents the gain recognized on the sale of rights to manage two timber funds (Funds III and IV) previously managed by the Company’s Olympic Resources Management (ORM) subsidiary, as well as its co-investment stake in both funds.” 10-K for 2023	divestiture	—	—
Pope Resources Word for word“On May 8, 2020, Rayonier, L.P. acquired Pope Resources, a Delaware Limited Partnership (“Pope Resources”) and issued approximately 4.45 million operating partnership units (“OP Units” or “Redeemable Operating Partnership Units”) of Rayonier, L.P. as partial merger consideration.” 10-K for 2024	acquisition	May 8, 2020	approximately 4.45 million operating partnership units
Timberland in the Southern region (approximately 7,000 acres) Word for word“During 2024, we acquired approximately 7,000 acres of timberland for $22.8 million.” 10-K for 2024	acquisition	During 2024	$22.8 million
Timberland in Florida, Georgia, Texas and Washington (approximately 4,000 acres) Word for word“During 2023, we acquired approximately 4,000 acres of U.S. timberland located in Florida, Georgia, Texas and Washington through six transactions for an aggregate value of $ 13.2 million, which were funded with cash on hand and like-kind exchange proceeds.” 10-K for 2024	acquisition	During 2023	$ 13.2 million
Large Dispositions totaling approximately 200,000 acres Word for word“In addition, we closed on Large Dispositions totaling approximately 200,000 acres for an aggregate sale price of $495 million (~$2,475/acre).” 10-K for 2024	divestiture	—	$495 million
91,000-acre Large Disposition in Oklahoma Word for word“We also closed on a 91,000-acre Large Disposition in Oklahoma.” 10-K for 2024	divestiture	—	—
77% interest in the New Zealand joint venture Word for word“In June 2025, we completed the sale of our 77% interest in the New Zealand joint venture.” 10-K for 2025	divestiture	June 2025	—
PotlatchDeltic Corporation Word for word“Under the terms of the merger agreement, PotlatchDeltic stockholders received 1.8185 Rayonier common shares and $0.61 in cash for each PotlatchDeltic share held.” 10-K for 2025	merger	—	1.8185 Rayonier common shares and $0.61 in cash for each PotlatchDeltic share held

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses	Goodwill from acquisitions
2016-12-31	—	—	$0
2017-12-31	—	—	$0
2018-12-31	$0	—	$0
2019-12-31	$0	—	$0
2020-12-31	$231.1 million	—	$0
2021-12-31	$0	—	$0
2022-12-31	$0	—	$0
2023-12-31	—	$0	—
2024-12-31	—	$0	—
2025-12-31	—	$688.3 million	—

Deal filings since 2016

2026-02-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-02-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2025-10-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-08-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-03-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-12-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-12-19 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2022-11-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-11-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-05-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-09-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-05-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-05-13 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-04-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-04-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-04-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-01-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets

Read from Rayonier’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.