The potential of near infrared spectroscopy (NIRS) to estimate wood moisture content (MC), surface energy characteristics and adhesive bond strength were evaluated on aspen (Populus tremuloides Michx.) veneer subjected to different drying times. For samples dried progressively at 103°C, the best MC prediction model was for the total MC range (0-100%) with an R 2 value of 0.68. However, exposure at 180°C produced surface colour changes, and the CIE L*a*b* colour parameters measuring colour changes were better estimated using the 400-900 nm spectral data than the 1100-2400 nm spectral data. Increased exposure time at 180°C resulted in lower wettability and, hence, larger contact angles, especially when ethylene glycol was used as probe solvent. Lap shear strength tests on veneers showed that adhesion by phenol formaldehyde resins was impaired by the high temperature exposure; however, the lap shear strength test had high variability so there was not always a clear relationship between contact angle and lap shear strength test.