The United States is one of the world’s largest timberland investment markets, with returns driven primarily by land values rather than timber prices, according to Domain Timber Advisors’ timberland market analysis. Timberland values remain strong at the end of 2025, supported by continued appreciation in land values, while timber prices remain relatively flat. …During 2025, Domain underwrites 14 institutional bid events, 54 public listings, and 38 off-market or non-public offerings. By the end of the fourth quarter, the acquisition pipeline consists of 46 deals covering more than 500 thousand acres, providing visibility into pricing dynamics, regional demand shifts, and emerging non-timber value drivers. …Looking ahead, Domain states that renewable energy development and technology infrastructure are expected to expand non-timber revenue opportunities in 2026 and beyond. Alternative timber product markets, including molded fiber products and biomass-to-electricity, are expected to offset part of the pulpwood demand lost due to mill closures and production quotas.