Weyerhaeuser conversion to REIT unlikely in 2009

06/1/2009 | Reuters

Weyerhaeuser Co. said it does not expect to convert to a REIT this year. "Several factors, including the low level of timber income this year ... make it unlikely that conversion to a REIT will be beneficial in 2009," Chief Financial Officer Patricia Bedient. The company did, however, say it would reconsider the conversion if economic conditions improved.

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