Catchmark Timber Trust (CTT) Reports Q1 Loss of $0.02/Share
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CatchMark Reports Solid First Quarter 2016 Results
May 5, 2016 4:29 PM EDTATLANTA, May 5, 2016 /PRNewswire/ --Â CatchMark Timber Trust, Inc. (NYSE: CTT) reported today that gains from recent timberland acquisitions and advantageous early-in-the-year timber sales helped propel strong year-over-year revenues and Adjusted EBITDA growth for the quarter ended March 31, 2016.
As a result, CatchMark also announced a $0.135 dividend per share for stockholders of record on May 27, 2016, payable on June 16, 2016. Previously, CatchMark had declared $0.125 per share dividends payable each... More
CatchMark Agrees to $102 Million Acquisition of Prime South Carolina Timberlands
May 5, 2016 4:13 PM EDTATLANTA, May 5, 2016 /PRNewswire/ -- In the company's single, largest acquisition to date since its listing on the NYSE, CatchMark Timber Trust, Inc. (NYSE: CTT) announced today an agreement to acquire 51,700 acres of prime timberlands in South Carolina for $101.8 million, excluding closing costs, from funds managed by Forest Investment Associates. The acquisition of the Carolinas Midlands III timberlands will expand significantly CatchMark's recent entry into North Carolina and South Carolina from 17,600 to 69,300 acres, and will increase the company's total acreage in the U.S. South to 480,400 acres.... More
