Weyerhaeuser (WY) is Acquiring High-Quality Timberlands in Alabama for $244 Million

Weyerhaeuser Company (NYSE: WY) today announced acquisitions totaling 84,300 acres of high-quality timberlands in Alabama for $244 million. Secured through multiple transactions, the collective acreage is comprised of mature, highly productive timberlands that are well-integrated with existing Weyerhaeuser operations. Additionally, the acquisitions are expected to deliver portfolio-leading cash flow and harvest tons per acre within the company's Southern Timberlands business.

Key attributes of the acquisitions:

• Located in one of the strongest inland sawlog and fiber markets in the U.S. South
• Fee ownership with 74 percent planted pine acreage and strong site productivity
• Mature planted pine age class expected to produce an average harvest of 6.4 tons per acre (or 540,000 tons) annually over the first 10 years
• Expected average Adjusted EBITDA of approximately $150 per acre (or $12.5 million) annually from timber operations over the first 10 years

"These transactions represent attractive opportunities to enhance our portfolio with high-quality, well-managed timberlands that generate solid returns for our shareholders," said Devin W. Stockfish, president and chief executive officer. "In addition, they demonstrate our disciplined approach to timberlands growth and reinforce our longer-term outlook that the asset class will appreciate in value over time. Including these transactions, we will have completed approximately $775 million against our target to grow our Timberlands portfolio through $1 billion of disciplined investments by the end of 2025."

Of the multiple transactions involved, one closed in the second quarter of 2024 for $48 million. The remaining transactions are under contract and expected to close by year end, subject to customary closing conditions. When all acquisitions are finalized, Weyerhaeuser will own or manage approximately 695,000 acres of timberlands in Alabama, along with two mills, a Timberlands office and seed orchard — employing more than 350 people in the state.

ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls approximately 10.5 million acres of timberlands in the U.S., as well as 14 million acres of timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around real estate, climate solutions, energy and natural resources, among others. In 2023, the company generated $7.7 billion in net sales and employed approximately 9,300 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.

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