Weyerhaeuser Company today announced that its board of directors has determined that conversion to a real estate investment trust (REIT) would best support the company’s strategic direction.
“Our company will be enhanced by the REIT structure,” said Dan Fulton, president and chief executive officer. “This conversion will position us to be more competitive in our timberlands business. In addition, we are able to convert with our existing business mix of Timberlands, Wood Products, Cellulose Fibers and Real Estate.”