Catchmark Timber Trust, Inc. (CTT) 10-K Annual Report February 2021

•Exceeded full-year company guidance realizing Adjusted EBITDA of $52.1 million as the company’s business strategy — investing in prime timberlands and principally utilizing delivered wood sales as well as opportunistic stumpage sales — helped navigate pandemic-related economic volatility.

•Achieved full-year pricing premiums in the U.S. South of 49% and 20% relative to TMS South-wide averages for pulpwood and sawtimber, respectively, and realized an 18% increase in year-over-year sawtimber pricing in the Pacific Northwest.

•Increased total harvests by 3% for full-year 2020 over 2019, continuing to benefit from superior management of timberland assets located in high-demand mill markets which produced predictable and stable operating cash flows that again helped fully cover quarterly dividends.

•Completed $15.6 million of timberland sales during the year, exceeding full-year guidance and capturing significantly higher margins.

ATLANTA – February 11, 2021 –

CatchMark Timber Trust, Inc. (NYSE: CTT) today reported fourth quarter and full-year 2020 results. The company also declared a cash dividend of $0.135 per share for its common stockholders of record as of February 26, 2021, payable on March 15, 2021.

Brian M. Davis, CatchMark's Chief Executive Officer, said: “Despite unprecedented pandemic-related business disruptions and economic turbulence, CatchMark exceeded our full-year 2020 guidance, benefiting from a very strong fourth quarter in our core operations, securing premium timber sale prices substantially above market averages, realizing higher annual harvest volumes and completing higher-than-targeted timberland sales. Our resilient business model, based on investments in prime timberlands in leading mill markets and superior management, has proved out again through a difficult year for the U.S. economy, keeping us on the front-end to meet customer demand. During the year, we exceeded key performance

The following information was filed by Catchmark Timber Trust, Inc. (CTT) on Thursday, February 11, 2021 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

Material Contracts, Statements, Certifications & more

Catchmark Timber Trust, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 21.1: Subsidiaries Of The Company

Exhibit 23.1: Consent Of Deloitte &Amp; Touche Llp

Exhibit 23.2: Consent Of Deloitte &Amp; Touche Llp

Exhibit 31.1: Section 302 Cert-Peo

Exhibit 31.2: Section 302 Cert-Pfo

Exhibit 32.1: Section 906 Cert

Exhibit 99.1: Triple T Joint Venture Audited Financial Statements

Ticker: CTT
CIK: 1341141
Form Type: 10-K Annual Report
Accession Number: 0001341141-21-000011
Submitted to the SEC: Fri Feb 26 2021 4:07:08 PM EST
Accepted by the SEC: Fri Feb 26 2021
Period: Thursday, December 31, 2020
Industry: Real Estate Investment Trusts

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Catchmark Timber Trust, Inc. (CTT) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

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