AUSTIN, Texas — Forestar Real Estate Group Inc. on Wednesday reported a first-quarter 2008 net loss of $200,00, or 1 cent per basic share, compared with first-quarter 2007 net income of $600,000, or 2 cents per diluted share outstanding.

Forestar changed its reportable segments in first quarter 2008 to reflect its management of the assets and liabilities transferred from Temple-Inland Inc. Temple-Inland spun off Forestar as an independent company Dec. 28, 2007.

The three business segments are: real estate, mineral resources and fiber resources. Forestar’s real estate holdings include Towne West, a multi-use development planned along Ga. 140 just west of Adairsville.

Forestar’s real estate segment includes about 372,000 acres of land owned directly or through ventures located in 10 states and 13 markets.

The mineral resources segment includes 622,000 net acres of oil and gas mineral interests located in Texas, Louisiana, Alabama and Georgia.

The fiber resources segment includes the sale of wood fiber, primarily in Georgia, and manages recreational leases.

Forestar has offices located in Douglasville and Carters-ville.

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