Weyerhaeuser Obtaining Top-Feature Timberlands in Alabama

Bolt-on additions will additional reinforce Southern Timberlands portfolio and make bigger footprint in horny markets

SEATTLE, July 25, 2024 /PRNewswire/ — Weyerhaeuser Company (NYSE: WY) lately introduced acquisitions totaling 84,300 acres of top quality timberlands in Alabama for $244 million. Join via a couple of transactions, the collective acreage is produced from mature, extremely fruitful timberlands which might be well-integrated with current Weyerhaeuser operations. Moreover, the acquisitions are anticipated to bring portfolio-leading money tide and harvest lots in keeping with acre throughout the corporate’s Southern Timberlands trade.

Key attributes of the acquisitions:

• Situated in probably the most most powerful inland sawlog and fiber markets within the U.S. South
• Rate possession with 74 p.c planted pine acreage and powerful web site productiveness
• Mature planted pine month elegance anticipated to build a median harvest of 6.4 lots in keeping with acre (or 540,000 lots) every year over the primary 10 years
• Anticipated reasonable Adjusted EBITDA of roughly $150 in keeping with acre (or $12.5 million) every year from wood operations over the primary 10 years

“These transactions represent attractive opportunities to enhance our portfolio with high-quality, well-managed timberlands that generate solid returns for our shareholders,” mentioned Devin W. Stockfish, president and important govt officer. “In addition, they demonstrate our disciplined approach to timberlands growth and reinforce our longer-term outlook that the asset class will appreciate in value over time. Including these transactions, we will have completed approximately $775 million against our target to grow our Timberlands portfolio through $1 billion of disciplined investments by the end of 2025.”

Of the a couple of transactions concerned, one closed in the second one quarter of 2024 for $48 million. The too much transactions are below pledge and anticipated to akin through month finish, topic to normal endmost statuses. When all acquisitions are finalized, Weyerhaeuser will personal or top roughly 695,000 acres of timberlands in Alabama, together with two turbines, a Timberlands place of business and seed orchard — using greater than 350 society within the condition.

ABOUT WEYERHAEUSER
Weyerhaeuser Company, probably the most global’s greatest personal homeowners of timberlands, started operations in 1900 and lately owns or controls roughly 10.5 million acres of timberlands within the U.S., in addition to 14 million acres of timberlands controlled below long-term licenses in Canada. Weyerhaeuser has been an international chief in sustainability for greater than a century and manages 100% of its timberlands on an absolutely sustainable foundation in compliance with the world over identified sustainable forestry requirements. Weyerhaeuser could also be probably the most greatest producers of wood products in North The us and operates spare trade traces round real estate, climate solutions, power and herbal sources, amongst others. In 2023, the corporate generated $7.7 billion in internet gross sales and hired roughly 9,300 society who lend shoppers international. Operated as an actual property funding consider, Weyerhaeuser’s ordinary reserve trades at the Unused York Hold Alternate below the emblem WY. Be told extra at www.weyerhaeuser.com.

NON-GAAP FINANCIAL MEASURES
This information let go references forward-looking estimates of Adjusted EBITDA, which is a non-GAAP measure that control makes use of to judge the efficiency of the corporate. Adjusted EBITDA, as we outline it, is working source of revenue adjusted for depreciation, depletion, amortization, foundation of actual property bought and particular pieces. Adjusted EBITDA will have to now not be thought to be in isolation from, and isn’t meant to constitute an additional to, our GAAP effects. We have now now not equipped a reconciliation of this forward-looking non-GAAP monetary measure to essentially the most related GAAP measure of internet source of revenue as a result of Adjusted EBITDA, as we outline it, excludes the affect of sure pieces indexed above in our definition of Adjusted EBITDA, and control can’t estimate these things or the affect they are going to have on Adjusted EBITDA on a forward-looking foundation with out unreasonable struggle. In consequence, traders is also not able to correctly evaluate the anticipated affect of the acquisitions to our historic effects or the consequences or anticipated result of alternative corporations that can have handled such issues another way. However, control believes that offering this forward-looking non-GAAP details about the acquisitions comes in handy to traders, and given the unsure nature of forward-looking statements, we imagine traders are ready to consider the inherent boundaries of this forward-looking non-GAAP knowledge. We can’t are expecting the prevalence, timing or quantity of any of the pieces that we exclude from our Adjusted EBITDA estimate. Accordingly, the fresh impact of this stuff, when enthusiastic, may just doubtlessly be vital to the calculation of Adjusted EBITDA and fresh effects would possibly range materially from our estimate.

FORWARD-LOOKING STATEMENTS
This information let go accommodates statements which might be forward-looking throughout the that means of the Personal Securities Litigation Reform Operate of 1995 together with, with out limitation, with recognize to the corporate’s expectancies in regards to the prevalence, timing and anticipated monetary contributions and financial result of its acquisitions of sure Alabama timberlands, together with anticipated synergies, Adjusted EBITDA, Adjusted EBITDA in keeping with acre and reasonable annual harvest lots. Ahead-looking statements is also recognized through our importance of sure phrases in such statements, together with with out limitation phrases reminiscent of “expected,” and “will” and homogeneous phrases, phrases and words the use of such phrases and phrases. We additionally reference anticipated efficiency via, or occasions to happen through or at, a past future, and such references additionally represent forward-looking statements. All forward-looking statements discuss most effective as of the future hereof, are in accordance with flow expectancies and contain and are topic to numerous guesses, dangers and uncertainties that might reason fresh effects to range materially from such forward-looking statements. Those dangers and uncertainties come with, however aren’t restricted to, the ones recognized in our 2023 Annual Record on Mode 10-Ok, in addition to the ones prepared forth from occasion to occasion in our alternative family statements, reviews, registration statements, prospectuses, knowledge statements and alternative filings with the Securities and Alternate Fee. As well as, Weyerhaeuser would possibly not be capable of whole the too much parts of the transaction throughout the mentioned occasion duration, or in any respect, as a result of numerous elements, together with with out limitation: the prevalence of any tournament, exchange or alternative cases that might give be on one?s feet to a termination of the transaction below the phrases of the acquisition and sale contract governing the transaction, or the failure to meet alternative endmost statuses. There’s no commitment that any of the occasions expected through those forward-looking statements will happen. If any of the occasions happen, there is not any commitment what impact they are going to have at the corporate’s trade, result of operations, money flows, monetary status and past potentialities. The corporate undertakes incorrect legal responsibility to replace those forward-looking statements next the future of this information let go.

For more info touch:

Weyerhaeuser
Analysts – Andy Taylor, 206-539-3907
Media – Nancy Thompson, 919-861-0342

SOURCE Weyerhaeuser Corporate