−Removed: Our timber operations are comprised of our core timberland holdings, which are disaggregated into three geographically distinct reporting segments:
+Added: Our timber operations are disaggregated into three geographically distinct reporting segments:
Southern Timber, Pacific Northwest Timber and New Zealand Timber.
The following table provides a breakdown of our timberland holdings as of September 30, 2023 and December 31, 2023:
−Removed: Core Timberland Holdings
(acres in 000s) As of September 30, 2023
21 unchanged sentences
December 31, 2022
−Removed: Acquisitions Sales December 31, 2022
+Added: Acquisitions Sales Other (a) December 31, 2023
Alabama 258 — (7) (1) 250
10 unchanged sentences
471 — (57) — 414
−Removed: New Zealand (a) 187 1 — 188
+Added: New Zealand (b) 188 — — — 188
Total 2,451 3 (85) (8) 2,361
−Removed: (a) Represents legal acres owned by the New Zealand subsidiary, in which Rayonier has a 77% interest.
+Added: (a) Includes adjustments for land mapping reviews.
+Added: (b) Represents legal acres owned by the New Zealand subsidiary, in which Rayonier has a 77% interest.
(acres in 000s) Acres Leased
December 31, 2022
−Removed: New Leases Sold/Expired Leases (a) December 31, 2022
+Added: New Leases Sold/Expired Leases (a) Other (b) December 31, 2023
Alabama 14 — (9) — 5
4 unchanged sentences
Pacific Northwest
−Removed: Washington (b) 4 — (1) 3
−Removed: New Zealand (c) 232 — (3) 229
+Added: Washington (c) 3 — — 1 4
+Added: New Zealand (d) 229 1 — 3 233
Total 359 1 (38) 8 330
(a) Includes acres previously under lease that have been harvested and activity for the relinquishment of leased acres.
−Removed: (b) Primarily timber reservations acquired in the merger with Pope Resources.
−Removed: (c) Represents legal acres leased by the New Zealand subsidiary, in which Rayonier has a 77% interest.
+Added: (b) Includes adjustments for land mapping reviews.
+Added: (c) Primarily timber reservations acquired in the merger with Pope Resources.
+Added: (d) Represents legal acres leased by the New Zealand subsidiary, in which Rayonier has a 77% interest.
TIMBERLAND LEASES & DEEDS
43 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.