Weyerhaeuser Company (WY), based in Seattle, Washington, is among the world’s largest private timberland owners. Functioning as a real estate investment trust, it owns or controls about 10.5 million acres of timberlands in the U.S. and manages an additional 14 million acres in Canada under long-term licenses. With a market capitalization of $22.02 billion, Weyerhaeuser is one of North America's leading wood product manufacturers and also engages in various business lines, including real estate, climate solutions, energy, and natural resources.
Shares of the leading forest products company have underperformed the broader market considerably over the past year. WY has gained 5.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 28.9%. In 2024, WY stock is down 13.1%, while the SPX is up 11.2% on a YTD basis.
