Weyerhaeuser Acquiring High-Quality Timberlands in Alabama
Weyerhaeuser Company (NYSE: WY) has announced the acquisition of 84,300 acres of high-quality timberlands in Alabama for $244 million. These acquisitions, secured through multiple transactions, are expected to enhance the company's Southern Timberlands portfolio with mature, highly productive lands well-integrated with existing operations. Key highlights include:
- Located in one of the strongest inland sawlog and fiber markets in the U.S. South
- 74% planted pine acreage with strong site productivity
- Expected average harvest of 6.4 tons per acre annually over the first 10 years
- Anticipated average Adjusted EBITDA of $150 per acre annually from timber operations
This move aligns with Weyerhaeuser's goal to grow its Timberlands portfolio through $1 billion in disciplined investments by the end of 2025. Upon completion, Weyerhaeuser will own or manage approximately 695,000 acres of timberlands in Alabama.
Weyerhaeuser Company (NYSE: WY) ha annunciato l'acquisizione di 84.300 acri di foreste di alta qualità in Alabama per 244 milioni di dollari. Queste acquisizioni, ottenute attraverso più transazioni, si prevede che miglioreranno il portafoglio di Timberlands del Sud dell'azienda con terreni maturi e altamente produttivi ben integrati con le operazioni esistenti. I punti salienti includono:
- Situato in uno dei mercati di legname e fibra più forti del Sud degli Stati Uniti
- 74% di superficie piantata con pini con una buona produttività del sito
- Raccolta media prevista di 6,4 tonnellate per acro all’anno durante i primi 10 anni
- EBITDA Rettificato medio previsto di 150 dollari per acro all’anno dalle operazioni di legname
Questa mossa è in linea con l'obiettivo di Weyerhaeuser di far crescere il proprio portafoglio di Timberlands attraverso investimenti disciplinati di 1 miliardo di dollari entro la fine del 2025. Una volta completata, Weyerhaeuser possiederà o gestirà circa 695.000 acri di foreste in Alabama.
Weyerhaeuser Company (NYSE: WY) ha anunciado la adquisición de 84,300 acres de tierras forestales de alta calidad en Alabama por 244 millones de dólares. Estas adquisiciones, aseguradas a través de múltiples transacciones, se espera que mejoren el portafolio de Timberlands del Sur de la compañía con tierras maduras y altamente productivas bien integradas con las operaciones existentes. Los aspectos clave incluyen:
- Ubicadas en uno de los mercados de troncos y fibra más fuertes del Sur de EE. UU.
- 74% de acres plantados con pinos con fuerte productividad del sitio
- Cosecha promedio esperada de 6.4 toneladas por acre anualmente durante los primeros 10 años
- EBITDA Ajustado promedio anticipado de 150 dólares por acre anualmente de operaciones de madera
Este movimiento está alineado con el objetivo de Weyerhaeuser de hacer crecer su portafolio de Timberlands a través de inversiones disciplinadas de 1,000 millones de dólares para finales de 2025. Una vez completada, Weyerhaeuser poseerá o gestionará aproximadamente 695,000 acres de tierras forestales en Alabama.
웨이어하우저 컴퍼니 (NYSE: WY)가 앨라배마에서 84,300 에이커의 고품질 산림을 2억 4,400만 달러에 인수했다고 발표했습니다. 여러 거래를 통해 확보된 이번 인수는 회사의 남부 Timberlands 포트폴리오를 기존 운영과 잘 통합된 성숙하고 생산성이 높은 토지로 향상시킬 것으로 예상됩니다. 주요 사항은 다음과 같습니다:
- 미국 남부에서 가장 강력한 내륙 톱풀과 섬유 시장 중 하나에 위치
- 74%가 강한 현장 생산성을 가진 소나무 재배 면적
- 처음 10년 동안 연간 에이커당 6.4톤의 평균 수확 예상
- 목재 운영에서 연간 에이커당 150달러의 조정 후 EBITDA 예상
이번 조치는 2025년 말까지 10억 달러의 규율 있는 투자를 통해 Timberlands 포트폴리오를 성장시키려는 웨이어하우저의 목표와 일치합니다. 완료되면 웨이어하우저는 앨라배마에서 약 695,000 에이커의 산림을 소유하거나 관리하게 됩니다.
La société Weyerhaeuser (NYSE: WY) a annoncé l'acquisition de 84 300 acres de forêts de haute qualité en Alabama pour 244 millions de dollars. Ces acquisitions, réalisées à travers plusieurs transactions, devraient améliorer le portefeuille Timberlands de l'entreprise dans le Sud avec des terres matures et très productives, bien intégrées aux opérations existantes. Les points clés incluent :
- Situé dans l'un des marchés de sciage et de fibre les plus solides du Sud des États-Unis
- 74 % de surface de pins cultivés avec une forte productivité des sites
- Récolte moyenne prévue de 6,4 tonnes par acre par an au cours des dix premières années
- EBITDA ajusté moyen attendu de 150 dollars par acre chaque année des opérations forestières
Ce mouvement s'aligne avec l'objectif de Weyerhaeuser de faire croître son portefeuille Timberlands à travers des investissements disciplinés de 1 milliard de dollars d'ici la fin de 2025. Une fois terminé, Weyerhaeuser possédera ou gérera environ 695 000 acres de forêts en Alabama.
Die Weyerhaeuser Company (NYSE: WY) hat den Erwerb von 84.300 Acres hochwertigen Waldes in Alabama für 244 Millionen Dollar angekündigt. Diese Akquisitionen, die durch mehrere Transaktionen gesichert wurden, sollen das Timberlands-Portfolio des Unternehmens im Süden mit reifen, hochproduktiven Flächen, die gut in die bestehenden Aktivitäten integriert sind, verbessern. Wichtige Highlights sind:
- Befindet sich in einem der stärksten Binnenmärkte für Schnittholz und Faser im Süden der USA
- 74% der gepflanzten Flächen sind mit Kiefern bepflanzt und weisen eine hohe Standortproduktivität auf
- Erwartete durchschnittliche Ernte von 6,4 Tonnen pro Acre jährlich in den ersten 10 Jahren
- Erwartetes durchschnittliches bereinigtes EBITDA von 150 Dollar pro Acre jährlich aus der Holzernte
Dieser Schritt steht im Einklang mit Weyerhaeusers Ziel, das Timberlands-Portfolio bis Ende 2025 durch disziplinierte Investitionen in Höhe von 1 Milliarde Dollar auszubauen. Nach Abschluss wird Weyerhaeuser etwa 695.000 Acres an Waldflächen in Alabama besitzen oder verwalten.
- Acquisition of 84,300 acres of high-quality timberlands for $244 million
- Expected to deliver portfolio-leading cash flow and harvest tons per acre
- Anticipated average Adjusted EBITDA of $150 per acre annually from timber operations
- Aligns with $1 billion investment target for Timberlands portfolio growth
- Expands Weyerhaeuser's presence in strong inland sawlog and fiber markets
- Significant capital expenditure of $244 million for the acquisitions
- Potential integration challenges with existing operations
- Dependency on market conditions in the U.S. South timber industry
Weyerhaeuser's acquisition of 84,300 acres of high-quality timberlands in Alabama for
The deal's financials are compelling. With an expected average Adjusted EBITDA of
The acquisition's productivity metrics are noteworthy:
- 74% planted pine acreage
- Average harvest of 6.4 tons per acre annually
- Total expected harvest of 540,000 tons annually
Moreover, this acquisition brings Weyerhaeuser closer to its strategic goal of
For investors, this acquisition signals Weyerhaeuser's commitment to growth and value creation in its core business. The company's disciplined approach to expansion and focus on high-quality assets in strong markets should be viewed positively, as it has the potential to drive long-term shareholder value.
Weyerhaeuser's strategic acquisition in Alabama is a calculated move that capitalizes on the robust timber market in the U.S. South. This region is known for its strong inland sawlog and fiber markets, which bodes well for the company's long-term profitability and market position.
The timing of this acquisition is particularly noteworthy. The U.S. housing market has been experiencing volatility, but the long-term outlook for wood products remains positive due to factors such as housing shortages and the increasing use of mass timber in construction. By expanding its high-quality timberland holdings, Weyerhaeuser is positioning itself to meet future demand and potentially benefit from rising timber prices.
Furthermore, this acquisition enhances Weyerhaeuser's economies of scale in Alabama. Post-acquisition, the company will own or manage approximately 695,000 acres of timberlands in the state, along with two mills, a Timberlands office and a seed orchard. This increased presence could lead to operational synergies and strengthen Weyerhaeuser's competitive position in the region.
The company's statement about the asset class appreciating in value over time reflects a broader trend in the timberland investment space. Timberlands are increasingly seen as a hedge against inflation and a stable long-term investment, which could attract more institutional investors to companies like Weyerhaeuser.
For investors, this acquisition demonstrates Weyerhaeuser's commitment to strategic growth and its confidence in the long-term value of timberland assets. It also highlights the company's ability to identify and secure high-quality properties in competitive markets, which is important for maintaining a leading position in the industry.
Bolt-on additions will further enhance Southern Timberlands portfolio and expand footprint in attractive markets
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
per acre (or$150 ) annually from timber operations over the first 10 years$12.5 million
"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
Of the multiple transactions involved, one closed in the second quarter of 2024 for
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
NON-GAAP FINANCIAL MEASURES
This news release references forward-looking estimates of Adjusted EBITDA, which is a non-GAAP measure that management uses to evaluate the performance of the company. Adjusted EBITDA, as we define it, is operating income adjusted for depreciation, depletion, amortization, basis of real estate sold and special items. Adjusted EBITDA should not be considered in isolation from, and is not intended to represent an alternative to, our GAAP results. We have not provided a reconciliation of this forward-looking non-GAAP financial measure to the most comparable GAAP measure of net income because Adjusted EBITDA, as we define it, excludes the impact of certain items listed above in our definition of Adjusted EBITDA, and management cannot estimate these items or the impact they will have on Adjusted EBITDA on a forward-looking basis without unreasonable effort. As a result, investors may be unable to accurately compare the expected impact of the acquisitions to our historical results or the results or expected results of other companies that may have treated such matters differently. Nonetheless, management believes that providing this forward-looking non-GAAP information about the acquisitions is useful to investors, and given the uncertain nature of forward-looking statements, we believe investors are able to take into account the inherent limitations of this forward-looking non-GAAP information. We cannot predict the occurrence, timing or amount of any of the items that we exclude from our Adjusted EBITDA estimate. Accordingly, the actual effect of these items, when determined, could potentially be significant to the calculation of Adjusted EBITDA and actual results may differ materially from our estimate.
FORWARD-LOOKING STATEMENTS
This news release contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 including, without limitation, with respect to the company's expectations concerning the occurrence, timing and expected financial contributions and economic results of its acquisitions of certain
For more information contact:
Weyerhaeuser
Analysts – Andy Taylor, 206-539-3907
Media – Nancy Thompson, 919-861-0342
View original content to download multimedia:https://www.prnewswire.com/news-releases/weyerhaeuser-acquiring-high-quality-timberlands-in-alabama-302206669.html
SOURCE Weyerhaeuser Company
FAQ
How many acres of timberland is Weyerhaeuser (WY) acquiring in Alabama?
What is the total value of Weyerhaeuser's (WY) timberland acquisitions in Alabama?
What is the expected average Adjusted EBITDA from the newly acquired timberlands for Weyerhaeuser (WY)?
How does this acquisition align with Weyerhaeuser's (WY) investment goals?