Catchmark Timber Trust (CTT) Tops Q3 EPS

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Go back to Catchmark Timber Trust (CTT) Tops Q3 EPS

CatchMark Announces Third Quarter Results; Declares Fourth Quarter Dividend

November 1, 2018 4:10 PM EDT

ATLANTA, Nov. 1, 2018 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE: CTT) today reported a 32% increase in revenues, a higher GAAP net loss due to allocated losses from the recent Triple T joint venture investment, and 60% growth in Adjusted EBITDA for the quarter ended September 30, 2018 compared to the three-month period ended September 30, 2017. The year-over-year gains in revenues and Adjusted EBITDA resulted primarily from increased timberland sales and new asset management fees earned from the Triple T venture, which closed in early July. Net loss for the quarter was below... More