Weyerhaeuser grows and harvests trees and manufactures forest products in North America. The company owns almost 11 million acres of timberlands in the U.S., and controls more than 14 million acres in Canada. Its vast U.S. land ownership makes Weyerhaeuser the largest nongovernmental landowner in the U.S. Weyerhaeuser is a REIT for tax purposes, though it is essentially a vertically integrated commodities company. WY also reports earnings as EPS rather than as FFO, which is the standard for REITs. The company has nearly 9,400 employees. The company reports results for three segments: Timberlands, which produces primarily saw logs; Wood Products, which includes engineered lumber, OSB, plywood, and MDF lumber; and Real Estate/Natural Resources, which is comprised of acreage sales, solar/cell leases, and carbon capture revenues. About 75% of employees are in the Wood Products segment. About 65% of demand for WY products comes from single-family home construction.
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