Summary
Weyerhaeuser grows and harvests trees and manufactures forest products in North America. At year-end, the company owned about 10.5 million acres of timberlands in the U.S. and licensed just over 14 million acres in Canada. Its vast U.S. land ownership makes Weyerhaeuser the largest nongovernmental landowner in the U.S.
Weyerhaeuser is a REIT for tax purposes, though it is essentially a vertically integrated commodities company. WY also reports earnings as EPS rather than as FFO, which is the standard for REITs. The company reports results for three segments: Timberlands, which produces primarily saw logs; Wood Products, which includes engineered lumber, OSB, plywood, and medium-density fiberboard; and Real Estate/Natural Resources, which is comprised of acreage sales, solar/cell leases, and carbon capture revenues.
About 65% of demand for WY products tends to come from single-family home construction
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