Catchmark Timber Trust (CTT) Declares $0.135 Quarterly Dividend; 5.8% Yield

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Go back to Catchmark Timber Trust (CTT) Declares $0.135 Quarterly Dividend; 5.8% Yield

Catchmark Timber Trust (CTT) Misses Q4 EPS by 5c, Revenues Miss

February 14, 2019 4:17 PM EST

Catchmark Timber Trust (NYSE: CTT) reported Q4 EPS of ($0.78), $0.05 worse than the analyst estimate of ($0.73). Revenue for the quarter came in at $22.9 million versus the consensus estimate of $24 million.

2019 Outlook and Guidance

For full-year 2019, CatchMark projects a GAAP net loss of between $102 million and $106 million, including $90 million of losses allocated from the Triple T joint venture in accordance with GAAP. The company anticipates its Adjusted EBITDA will be... More