Strong Lumber and Panel Prices Offset Softer Timberland Transaction Prices for Weyerhaeuser in 1Q
In Weyerhaeuser's first quarter, lumber and panel prices increased thanks to strong demand throughout the first quarter. Although we previously expected lumber and panel supply constraints to ease, we've slightly raised our wood products estimates to reflect tighter market conditions in 2018. Offsetting that change was slightly lower-than-expected timberland sales prices per acre. While our near-term outlook is unchanged, we have grown more bearish on medium-term realizations as today's high pri...Weyerhaeuser is a real estate investment trust. The company's business segments are: Timberlands, which provides delivered logs (grade logs and fiber logs), timber, recreational leases and other products; Real Estate, Energy and Natural Resources (ENR), in which Real Estate sells timberland tracts for recreational, conservation, commercial or residential purposes, whereas ENR sells rights to explore, extract and sell construction aggregates (rock, sand and gravel), industrial materials and oil and natural gas; and Wood Products, which provides structural lumber, oriented strand board, wood products, other products, and complementary building products.
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