Potlatch sales of timberland on track: Will sell 20,000 acres this year, focus on land business.

From: The Spokesman-Review (Spokane, WA) | Date: July 27, 2007 | Copyright information

Byline: Becky Kramer

Jul. 27--Potlatch Corp. remains on track to sell about 20,000 acres of timberlands this year, cashing in on demand for wooded cabin sites and land for recreational use, officials said Thursday.

The sale of 7,500 acres during the second quarter generated about $7.4 million in income for the Spokane-based company. Overall, Potlatch reported $34 million in net income during the quarter ending June 30, compared to $2.4 million in net income during the same period in 2006.

Since converting to a real estate investment trust -- or REIT -- last year, ...

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