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TIMBERLAND ACQUISITIONS

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

TIMBERLAND ACQUISITIONS

TIMBERLAND ACQUISITIONS

There were no timberland acquisitions during 2025. During 2024, we acquired approximately 7,000 acres of U.S. timberland located in Florida and Georgia through three transactions for an aggregate value of $22.8 million, which were funded with cash on hand.

The following table summarizes the timberland acquisitions for the years ended December 31, 2025 and 2024:

			2025												2024
			Cost						Acres						Cost						Acres
Florida			—						—						$15,660						5,175
Georgia			—						—						7,093						1,966
Total Acquisitions			—						—						$22,753						7,141

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Disclosure for timberland acquisitions.

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