Catchmark Timber Trust (CTT) Reports Q3 Loss of $0.05
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CatchMark Sustains Strong Growth in Third Quarter--Adjusted EBITDA Increases 69%; Declares Dividend
November 2, 2015 4:12 PM ESTATLANTA, Nov. 2, 2015 /PRNewswire/ -- Sustaining solid year-over-year growth from execution of operating strategies, CatchMark Timber Trust, Inc. (NYSE: CTT) today announced increased revenues and Adjusted EBITDA for the period ended September 30, 2015. The company also anticipates an active period for acquisitions between now and year-end and declared a fourth quarter dividend.
Company highlights for the third quarter 2015 include:
Generated total revenues of $17.6 million for the three months ended September 30, 2015 compared to $12.7 million for the third quarter 2014, a 39% increase. Realized $8.8 million in Adjusted EBITDA for the quarter... More