Weyerhaeuser Announces Timberland Acquisitions and Divestitures

On Thursday, Weyerhaeuser announced a series of strategic, capital-efficient timberland transactions aimed at enhancing portfolio quality and value. The company said it completed two acquisitions in Q3 totaling $459 million, including its previously announced purchase of timberlands in North Carolina and Virginia.

Weyerhaeuser also advanced three divestiture packages of non-core timberlands during the quarter. Two transactions, valued at a combined $410 million, closed or went under contract in early October, with proceeds expected by year end. The third divestiture is anticipated to close in early 2026, and total proceeds from all sales are expected to exceed the company’s cash outlay for recent acquisitions.

The Q3 acquisitions included two off-market transactions featuring high-quality, strategically located acreage. In August, Weyerhaeuser acquired 117,000 acres of timberlands in North Carolina and Virginia for $364 million, and 10,000 acres of mature, low-elevation timberlands in Washington for $95 million. The Washington tract, located adjacent to existing Weyerhaeuser timber holdings near Longview, includes access to the company’s mill and export yards in the region.

Divestitures include non-core acreage in Oregon, Georgia, Alabama, and Virginia with limited portfolio integration benefits. The company sold 28,000 acres of coastal Oregon timberlands for $190 million and entered into an agreement to sell about 86,000 acres in Georgia and Alabama for $220 million, expected to close in December. Weyerhaeuser is also in the process of selling roughly 108,000 acres in Virginia, with closing anticipated in early 2026.

In a statement accompanying the announcement, Weyerhaeuser President and CEO Devin Stockfish said:

“These transactions represent strategic opportunities to recycle capital in a tax-efficient manner to further optimize and improve our timberlands portfolio. As we’ve demonstrated over the last several years, we are committed to active portfolio management across our timber holdings and have remained disciplined and nimble in our approach to growing the quality and value of our timberlands.”