Weyerhaeuser Company reports it completed two timberland acquisitions valued at $459 million and advanced three divestitures of non-core properties totaling $410 million in expected proceeds. The company confirms the third divestiture will close in early 2026 and expects the total cash inflow from all sales to exceed the funds spent on the acquisitions, according to Weyerhaeuser Company.
The completed acquisitions include 117,000 acres in North Carolina and Virginia for $364 million and 10,000 acres in Washington for $95 million. The acquired lands were purchased at a combined timber-only Adjusted EBITDA multiple of 21x and are described as high-quality, strategically located, and immediately cash flow positive. The Washington acquisition is expected to generate an average annual timber-only free cash flow yield of 6.1% over the first 10 years.
The divestitures comprise 28,000 acres in Oregon sold for $190 million, an 86,000-acre portfolio in Georgia and Alabama under contract for $220 million, and 108,000 acres in Virginia pending sale in early 2026. These properties are being divested at a combined timber-only Adjusted EBITDA multiple of 45x, with minimal tax liability anticipated.
Weyerhaeuser states these transactions are part of its ongoing capital-efficient approach to optimize portfolio quality and value, having achieved its multi-year growth target set in 2021. The company also highlights continued shareholder returns through dividends and share repurchases while maintaining a strong balance sheet.
