WEYERHAEUSER CO
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
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Jun 30, 2024 · Filed Jul 26, 2024
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TIMBERLAND ACQUISITONS
NOTE 15: TIMBERLAND ACQUISITIONS
On July 25, 2024, we announced acquisitions totaling 84 thousand acres of Alabama timberlands for approximately $244 million. The first transaction was completed on May 30, 2024 and was comprised of 13 thousand acres for approximately $48 million. We recorded $47 million of timberland assets in "Timber and timberlands at cost, less depletion" and $1 million of related assets in "Property and equipment, net" on our Consolidated Balance Sheet. The remaining transactions are subject to customary closing conditions and are expected to close in second half 2024.
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