Catchmark Timber Trust (CTT) Misses Q1 EPS by 2c, Revenues Beat
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CatchMark Announces First Quarter 2020 Results, Declares Second Quarter Dividend
May 4, 2020 4:05 PM EDTATLANTA, May 4, 2020 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE: CTT) today reported strong first quarter 2020 year-over-year results, including a substantial increase in total revenues, a large decrease in net loss, and a significant increase in Adjusted EBITDA. These results exceeded company expectations and were not materially affected by COVID-19 related impacts. The company also declared a cash dividend of $0.135 per share for its common stockholders of record on May 29, 2020, payable on June 15, 2020.
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