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Catchmark Timber Trust, Inc. (CTT) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

SEC Filings

Catchmark Timber Trust, Inc.

CIK: 1341141 Ticker: CTT
Exhibit 99.1

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FOR IMMEDIATE RELEASE         
        
CatchMark Announces Fourth Quarter and Full-Year 2019 Results, Declares First Quarter 2020 Dividend and Provides 2020 Guidance
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ATLANTA — February 13, 2020 —
Fueled by increased year-over-year timber sales from higher harvest volumes and sawtimber mix, CatchMark Timber Trust, Inc. (NYSE: CTT) today reported a significant increase in total revenues, a sharply lower net loss, and a substantial increase in Adjusted EBITDA for fourth quarter 2019 compared to fourth quarter 2018.
For full-year 2019 compared to 2018, CatchMark also registered markedly increased revenues, a sizeable decrease in net loss, and significantly higher Adjusted EBITDA, meeting company guidance. These gains were driven by higher timber sales revenue from higher harvest volumes, sawtimber mix and pricing, as well as higher asset management fees.
In addition, CatchMark declared a cash dividend of $0.135 per share for its common stockholders of record on February 28, 2020, payable on March 16, 2020.


The following information was filed by Catchmark Timber Trust, Inc. (CTT) on Thursday, February 13, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Equity
Consolidated Statements Of Equity (Parenthetical)
Consolidated Statements Of Operations
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Future Minimum Rental Payments (Details)
Commitments And Contingencies - Narrative (Details)
Customer Concentration
Customer Concentration - Narrative (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Deferred Tax Assets (Details)
Income Taxes - Effective Income Tax Reconciliation (Details)
Income Taxes - Narrative (Details)
Income Taxes - Operating Loss Carryforwards (Details)
Interest Rate Swaps
Interest Rate Swaps (Tables)
Interest Rate Swaps - Narrative (Details)
Interest Rate Swaps - Schedule Of Interest Rate Swaps And Fair Value Measurements (Details)
Interest Rate Swaps - Schedule Of Interest Rate Swaps Outstanding (Details)
Noncontrolling Interest
Noncontrolling Interest - Narrative (Details)
Notes Payable And Lines Of Credit
Notes Payable And Lines Of Credit (Tables)
Notes Payable And Lines Of Credit - Narrative (Details)
Notes Payable And Lines Of Credit - Schedule Of Debt Outstanding (Details)
Notes Payable And Lines Of Credit - Schedule Of Interest Payments (Details)
Notes Payable And Lines Of Credit - Schedule Of Patronage Dividends Classification (Details)
Organization
Organization - Narrative (Details)
Quarterly Results (Unaudited)
Quarterly Results (Unaudited) (Tables)
Quarterly Results (Unaudited) - Schedule Of Unaudited Quarterly Financial Information (Details)
Recreational Leases
Recreational Leases - Narrative (Details)
Segment Information
Segment Information (Tables)
Segment Information - Reconciliation Of Adjusted Ebitda (Details)
Segment Information - Schedule Of Adjusted Ebitda, By Segment (Details)
Segment Information - Schedule Of Operating Revenue, By Segment (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Fair Value Assumptions (Details)
Stock-Based Compensation - Narrative (Details)
Stock-Based Compensation - Rollforward Of Unvested Non-Option Award Activity (Details)
Stock-Based Compensation - Schedule Of Equity Compensation Granted To Independent Directors (Details)
Stock-Based Compensation - Schedule Of Service-Based Restricted Stock Granted In The Period (Details)
Stock-Based Compensation - Stock-Based Compensation Expense (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Narrative (Details)
Stockholders' Equity - Schedule Of Distributions To Holders Of Common Stock (Details)
Subsequent Events
Subsequent Events - Narrative (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Narrative (Details)
Summary Of Significant Accounting Policies - Operating Lease Future Annual Payments (Details)
Timber Assets
Timber Assets (Tables)
Timber Assets - Narrative (Details)
Timber Assets - Schedule Of Timber And Timberlands (Details)
Timber Assets - Schedule Of Timberland Acquisitions By State (Details)
Timber Assets - Schedule Of Timberland Sales And Large Dispositions Acreage By State (Details)
Timber Assets - Timberland Portfolio (Details)
Unconsolidated Joint Ventures
Unconsolidated Joint Ventures (Tables)
Unconsolidated Joint Ventures - Narrative (Details)
Unconsolidated Joint Ventures - Schedule Of Cash Flow Information (Details)
Unconsolidated Joint Ventures - Schedule Of Condensed Balance Sheet Information (Details)
Unconsolidated Joint Ventures - Schedule Of Condensed Income Statement Information (Details)
Unconsolidated Joint Ventures - Schedule Of Equity Information (Details)
Unconsolidated Joint Ventures - Schedule Of Equity Method Investments (Details)
Unconsolidated Joint Ventures - Schedule Of Fees Earned (Details)
Ticker: CTT
CIK: 1341141
Form Type: 10-K Annual Report
Accession Number: 0001341141-20-000017
Submitted to the SEC: Fri Feb 28 2020 4:44:18 PM EST
Accepted by the SEC: Fri Feb 28 2020
Period: Tuesday, December 31, 2019
Industry: Real Estate Investment Trusts

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