Operating Summary
		2010	2009	2008	2007	2006
Acres Owned1
Woodlands		445,800	448,600	438,600	438,600	438,200
Real Estate		6,500	6,500	6,500	6,400	6,300
Agriculture		-	-	-	-	-
Woodlands
Estimated standing pine timber  inventories1
Sawtimber (tons)		12,926,200	12,068,100	11,567,300	11,389,300	10,977,600
Pulpwood (tons)		4,694,800	4,730,600	4,568,400	4,770,000	5,180,900
Company-owned pine timber harvested2
Sawtimber (tons)		609,867	578,646	579,770	575,637	580,316
Average sales price (per ton)	$	27	29	33	40	45
Pulpwood (tons)		344,412	310,904	390,203	458,938	416,390
Average sales price (per ton)	$	11	11	15	13	8
Timberland sales
Acres sold		4,061	4,051	5,062	893	200
Average sales price (per acre)	$	1,600	1,700	1,800	1,700	1,400
Mills
Production
Annual capacity (MBF)1		390,000	390,000	390,000	390,000	390,000
Finished lumber (MBF)		264,776	229,737	245,858	212,888	253,135
Pine chips (tons)		352,348	309,491	341,296	271,725	324,220
Lumber sales (MBF)		270,834	232,208	254,590	218,188	262,726
Average sales price (per MBF)	$	290	250	277	293	324
Mill margin (per MBF)	$	27	(25)	(19)	(14)	(20)
Real Estate
Residential lots sold		28	14	39	81	116
Average sales price (per lot)	$	81,400	73,100	77,800	89,500	103,800
Commercial acres sold		19.0	17.8	-	26.0	54.9
Average sales price (per acre)	$	334,000	225,000	-	240,600	248,400
Undeveloped acres sold		-	-	-	680.1	-
Average sales price (per acre)	$	-	-	-	12,000	-
Stockholder and Employee Data1
Common shares outstanding (thousands)		12,505	12,451	12,402	12,388	12,425
Number of stockholders of record		1,004	1,040	1,080	1,163	1,215
Number of employees		457	469	469	464	466
1 At December 31 2 Includes intersegment transfers at market prices