CatchMark Timber Trust (NYSE: CTT) will announce its fourth quarter 2020 earnings on February 11, 2021, after market close. A conference call is scheduled for February 12, 2021, at 10 a.m. ET to discuss the results. Investors can join the call by dialing 1-888-347-1165 for U.S. participants or 1-412-902-4276 for international callers. CatchMark specializes in timberland ownership and management, focusing on maximizing cash flow through disciplined acquisitions and strategic harvesting of its timberlands across various states.
CatchMark Timber Trust (NYSE: CTT) announced that CEO Brian M. Davis will present at the Nareit's REITworld: 2020 Virtual Annual Conference on November 17 at 8:00 am ET. The presentation will be accessible via the Investor Relations section of CatchMark's website. CatchMark focuses on delivering consistent cash flow through strategic management of its timberland assets, totaling 1.5 million acres across states like Alabama and Georgia. The company's approach emphasizes maximizing revenue growth by leveraging proximity to mill markets.
CatchMark Timber Trust (NYSE: CTT) announced Q3 2020 results, showing resilience despite challenges from weather, wildfires, and COVID-19. Revenues were $24.6 million, a 7% decline year-over-year, while net loss significantly reduced to $4.1 million from $20.6 million. The company declared a cash dividend of $0.135 per share, payable on December 15, 2020. CatchMark's strategic focus on prime properties and strong timber demand is expected to enhance pricing in 2021.
CatchMark Timber Trust (NYSE: CTT) will announce its Q3 2020 earnings on October 29, 2020, post-market. A live conference call will be held on October 30, 2020, at 12 p.m. ET.
Investors can participate via phone at 1-888-347-1165 for U.S./Canada and 1-412-902-4276 for international calls. The live webcast is accessible at www.catchmark.com. CatchMark focuses on maximizing cash flows through managed timberland acquisitions, owning interests in 1.5 million acres across multiple states.
CatchMark Timber Trust reported its second-quarter results, revealing a revenue drop to $21.8 million from $28.7 million in Q2 2019, mainly due to reduced timberland sales amid COVID-19 constraints. The net loss decreased to $6.2 million from $30.6 million in the prior year, with Adjusted EBITDA at $9.4 million. A cash dividend of $0.135 per share was declared, payable on September 15, 2020. The company experienced a 15% increase in harvest volume, driven by robust demand, while timberland sales were significantly impacted, selling only 1,100 acres for $1.7 million.
CatchMark Timber Trust (NYSE: CTT) announced an amendment to its wood supply agreement with Georgia-Pacific to implement market-based pricing on timber sales. This adjustment allows for increased reimbursement for extended haul distances and the ability to sell timber to third parties. The agreement has been extended to 2031 and includes optimized harvest volume obligations. CatchMark anticipates these changes will enhance cash flows and improve asset value. The Triple T joint venture, managed by CatchMark, has invested significantly in East Texas timberlands, which are expected to yield improved returns.