Weyerhaeuser’s Western Growth Is Pushing The Stock To New Highs | Weyerhaeuser's Western Growth Is Pushing The Stock To New Highs
Weyerhaeuser’s Western Growth Is Pushing The Stock To New Highs
My article on Weyerhaeuser for Seeking Alpha
Weyerhaeuser (NYSE:WY) is one of the largest forest products companies in the world. The $18B real estate investment trust (REIT) owns, controls, or manages 20M acres of timberlands in the U.S. and Canada. Last year they acquired Longview Timber for $2.65B from Brookfield Asset Management (NYSE:BAM) ($1.07B of assumed debt). This deal added 645K acres of timberland in Oregon and Washington and is the third-largest forestry deal in North America. This summer Weyerhaeuser completed the divestiture of the Weyerhaeuser Real Estate Company (WRECO) via the combination of TRI Pointe Homes (NYSE:TPH) in a Reverse Morris Trust deal for $2.80B. Overall this deal resulted in a gain of $972M…Click here to read the rest of the article.