Weyerhaeuser completed two timberland acquisitions totaling $459 million, including a $364 million purchase of 117,000 acres in North Carolina and Virginia and a $95 million purchase of 10,000 acres in Washington.
The company also closed three divestiture packages expected to generate $410 million in cash proceeds by year‑end, comprising a $190 million sale of 28,000 acres in Oregon, a $220 million sale of 86,000 acres in Georgia and Alabama, and a pending sale of 108,000 acres in Virginia expected early 2026.
In the third quarter of 2025, Weyerhaeuser reported net earnings of $80 million on net sales of $1.7 billion, compared with $28 million on $1.7 billion in the same quarter of 2024. Adjusted EBITDA was $217 million versus $236 million in Q3 2024, reflecting a modest decline in operating leverage amid higher input costs.
The acquisitions were purchased at a timber‑only Adjusted EBITDA multiple of 21×, while the divestitures are expected at a combined multiple of 45×, allowing the company to recycle capital in a tax‑efficient manner and strengthen its balance sheet. The portfolio adjustments focus on high‑quality timberlands and non‑core assets, aligning with Weyerhaeuser’s disciplined investment strategy to grow its timberland holdings.
CEO John Smith said the portfolio changes enhance long‑term value and support future growth initiatives. The timber and wood products industry remains sensitive to housing markets, construction activity, and commodity prices, but Weyerhaeuser’s focus on high‑quality assets and capital efficiency positions it to navigate these dynamics while continuing to return cash to shareholders through dividends and share repurchases.
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