Catchmark Timber Trust (CTT) Reports Q2 Loss of $0.06
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CatchMark Second Quarter Revenues Increase 19% Year-Over-Year; Adjusted EBITDA Up 10%; Third Quarter Dividend Declared; Acquisition Pipeline Builds into Second Half of the Year
August 3, 2015 4:10 PM EDTATLANTA, Aug. 3, 2015 /PRNewswire/ --Â CatchMark Timber Trust, Inc. (NYSE: CTT) today reported solid operating results and year-over-year growth for the quarter ending June 30, 2015, driven by the successful integration of properties acquired during last year and the continued execution of management strategies to sustain durable gains.
Company highlights for the second quarter 2015 include:
Generated total revenues of $14.2 million compared to $11.9 million for the second quarter 2014, an increase of 19%. Registered Adjusted EBITDA of $5.5 million compared to $5.0 million for the second quarter 2014, an increase of 10%. Increased... More