IP » Topics » Other Assets and Forestlands

This excerpt taken from the IP 8-K filed Apr 4, 2006.

Other Assets and Forestlands

International Paper is still exploring the sale of approximately 300,000 acres, principally in New York. IP’s remaining acreage, approximately 830,000 acres primarily in the South, will be retained by the company and some may be later sold to maximize the value of the land.

The table below reconciles announced and potential land sales and retained acreage against IP’s total forestland ownership as of Dec. 31, 2005.


     Acres (000s)    Estimated
Value* (MMs)

Announced Land Sales


The Nature Conservancy, The Conservation Fund (Southern U.S.)

   218      300

The Nature Conservancy (Wisconsin)

   69      83

Resource Management Service


Southern U.S.

   3,770      5,000



TimberStar (Louisiana, Texas, Arkansas)

   900      1,100

Total Announced Land Sales

   5,397    $ 6,483

Acreage Remaining to Be Sold


Total Near-Term Sales Expected


Acreage Retained by IP


Acreage Retained by IP (12/31/05)


Facilities Land, Expiring Leases


Total Acreage Retained by IP


Total IP Land Ownership (12/31/05)



* subject to adjustments prior to closing
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