Catchmark Timber Trust (CTT) Declares $0.135 Quarterly Dividend; 4.1% Yield

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CatchMark Announces Third Quarter Results; Declares Fourth Quarter Dividend

November 2, 2017 4:06 PM EDT

ATLANTA, Nov. 2, 2017 /PRNewswire/ -- Overcoming minor storm-related slowdowns in operations, CatchMark Timber Trust, Inc. (NYSE: CTT) today reported a slight increase in revenues, a higher GAAP net loss, and level Adjusted EBITDA for the quarter ended September 30, 2017 compared to the three-month period ended September 30, 2016. Increases in year-over-year harvest volumes and timber sales revenue resulted primarily from last year's acquisition and successful integration of properties in South Carolina.

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