Weyerhaeuser is close to becoming a real estate investment trust. For tax analysts and shareholders, forests are no longer about timber; they’re about harvesting tax-advantaged money.
The Weyerhaeuser Company has finally dropped that other shoe, or at least has decided to drop it. Last month, Weyerhaeuser announced that its board of directors had finally committed the company to becoming a Real Estate Investment Trust or REIT. The company may make the switch in 2010. Or it may not. The only question is when. Read more