July 27, 2016 12:40 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of CatchMark Timber Trust, Inc.

Company Overview

Wells Timberland REIT, Inc., a real estate investment trust (REIT), focuses on the acquisition of timberland properties in the United States. It intends to acquire timberland properties throughout the timber-producing regions of the United States and, to a lesser extent, in timber-producing regions outside the United States. The company intends to qualify as a REIT under the Internal Revenue Code of 1986. Wells Timberland REIT was founded in September 2005. It was formerly known as Wells Real Estate Investment Trust IV, Inc. and changed its name to Wells Timber Real Estate Investment Trust, Inc. in November 2005 and changed to Wells Timberland REIT, Inc. in 2006. The company is headquartered...

5 Concourse Parkway

Suite 2325

Atlanta, GA 30328

United States

Founded in 2005

14 Employees

Phone:

855-858-9794

Fax:

855-865-8223

Key Executives for CatchMark Timber Trust, Inc.

Chief Executive Officer, President, Director and Member of Finance & Investment Committee
Age: 57
Total Annual Compensation: $450.0K
Chief Financial Officer, Senior Vice President, Treasurer and Assistant Secretary
Age: 47
Total Annual Compensation: $315.0K
Chief Operating Officer, Company Secretary and Director
Age: 73
Total Annual Compensation: $315.0K
Compensation as of Fiscal Year 2015.

CatchMark Timber Trust, Inc. Key Developments

CatchMark Timber Trust, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2016

CatchMark Timber Trust, Inc. reported earnings results for the first quarter ended March 31, 2016. The company's net loss available to common stockholders for the first quarter ended March 31, 2016 was $587,000, or $0.02 loss per share, compared to a net loss available to common stockholders of $817,000, or $0.02 loss per share, for the same quarter ended March 31, 2015. Revenues for the first quarter ended March 31, 2016 were $27.18 million, compared to $20.24 million for the same quarter ended March 31, 2015. Operating income for the first quarter ended March 31, 2016 was $670 million, compared to an operating loss of $14,000 for the same quarter ended March 31, 2015.

CatchMark Completes $100.7 Million Carolinas Midlands III Acquisition of Prime South Carolina Timberlands

CatchMark Timber Trust, Inc. announced the acquisition of 51,700 acres of prime timberlands in South Carolina for $100.7 million, excluding closing costs, in an off-market transaction from funds managed by Forest Investment Associates. The acquisition of the Carolinas Midlands III timberlands expands the company's total acreage in the U.S. South to 480,400 acres and adds approximately 2.1 million tons to CatchMark's merchantable inventory and 250,000 to 300,000 tons (4.8 to 5.8 tons per acre) per year to CatchMark's harvest over the next decade. Carolinas Midlands III timberlands also increase CatchMark's acreage in North Carolina and South Carolina from 17,600 to 69,300 acres, providing synergies in pricing power, haul distances, management and land sales.

CatchMark Timber Trust, Inc. Declares Quarterly Dividend, Payable on June 16, 2016

CatchMark Timber Trust, Inc. announced a $0.135 dividend per share for stockholders of record on May 27, 2016, payable on June 16, 2016. Previously, CatchMark had declared $0.125 per share dividends payable each quarter since second quarter 2014.

Similar Private Companies By Industry

Company Name Region
Accredited Mortgage Loan REIT Trust United States
AEGIS Investment Trust United States
Alanar Real Estate Investment Trust Series 1 Corp. United States
American Realty Capital Hospitality Trust, Inc. United States
Arden Realty LP United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 5, 2016
51,700 Acres of Prime Timberlands in South Carolina
Merger/Acquisition
May 5, 2016
8,700 Acres of Timberlands located in Georgia and South Carolina
Merger/Acquisition
November 2, 2015
5,600 Acres Of Timberland
 

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