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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K ( Mark One ) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to North Carolina ( State or other Jurisdiction of incorporation or organization ) ( Commission File Number ) RAYONIER INC . ( Exact name of registrant as specified in its charter ) 1-6780 Delaware ( State or other Jurisdiction of incorporation or organization ) Rayonier Rayonier , L.P. ( Exact name of registrant as specified in its charter ) Rayonier Inc. Large Accelerated Filer Rayonier , L.P. Large Accelerated Filer Securities registered pursuant to Section 12 ( b ) of the Exchange Act : Title of each class Common Shares , no par value , of Rayonier Inc. 333-237246 ( Commission File Number ) Accelerated Filer 1 RAYONIER WAY WILDLIGHT , FL 32097 ( Principal Executive Office ) Telephone Number : ( 904 ) 357-9100 RYN Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Rayonier Inc. Yes > No o Rayonier , L.P. Yes x No o Trading Symbol Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Exchange Act . Rayonier Inc. Yes o No Rayonier , L.P. Yes o No > 13-2607329 ( I.R.S. Employer Identification Number ) Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Rayonier Inc. Yes x No o Rayonier , L.P. Yes > No o 91-1313292 ( I.R.S. Employer Identification Number ) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Rayonier Inc. Yes > No o No o Rayonier , L.P. Yes > Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company , " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . П Non - accelerated Filer Exchange New York Stock Exchange Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Rayonier Inc. Yes No X No Rayonier , L.P. Yes Smaller Reporting Company 0 Emerging Growth Company Accelerated Filer Non - accelerated Filer Smaller Reporting Company ☐ Emerging Growth Company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Rayonier Inc. Rayonier , L.P. □ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C.7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Rayonier Inc. Yes x No o Rayonier , L.P. Yes No X The aggregate market value of the Common Shares of the registrant held by non - affiliates at the close of business on June 30 , 2020 was $ 3,361,710,977 based on the closing sale price as reported on the New York Stock Exchange . As of February 12 , 2021 , Rayonier Inc. had 137,827,110 Common Shares outstanding . As of February 12 , 2021 , Rayonier , L.P. had 4,279,141 Units outstanding . Portions of the registrant's definitive proxy statement to be filed with the Securities and Exchange Commission in connection with the 2021 annual meeting of the shareholders of the registrant scheduled to be held May 20 , 2021 , are incorporated by reference in Part III hereof .