Catchmark Timber Trust (NYSE: CTT) reported Q4 EPS of ($0.24), $0.03 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $29.1 million versus the consensus estimate of $30.49 million.

Brian M. Davis, CatchMark\'s Chief Executive Officer, said: \"Again in 2019, our consistently applied strategic approach continued to pay off in delivering excellent operating results. We remain focused on acquiring the highest-quality timberlands, accessing high-demand mill markets with leading lumber and pulp and paper producers and creditworthy customers, and employing rigorous management practices to deliver sustainable harvest yields. In meeting our guidance for the year, we realized increased timber sales, superior pricing in the U.S. South timber basket and a significant increase in net timber revenue. These results were driven by higher harvest volumes, an increased sawtimber mix, and the successful integration of the Bandon Property in the Pacific Northwest. Asset management fees earned from Triple T also provided a solid contribution. In addition, the Dawsonville Bluffs joint venture met investment objectives and generated excellent returns, including an incentive-based promote, and we also met our timberland sales targets. The capital recycling strategy, employing targeted large dispositions, continues to improve the overall quality of our timber assets, strengthen our balance sheet and enable future investments in prime timberlands, furthering our growth strategy. Taken together, these initiatives have enabled us to provide a consistent dividend supported by predictable operating cash flows for our shareholders.\"

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