CatchMark (NYSE: CTT) is a publicly-traded timberland company that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests and, well-timed real estate sales.
Our objective is to maximize total returns for our shareholders by providing ongoing dividends derived primarily from sustainable harvesting from our portfolio of high-quality U.S. timberlands. We also generate recurring income and cash flow from non-timber revenue sources, such as rent from hunting and recreational leases. We selectively pursue prime timberland acquisition opportunities with focused efforts in the most commercially desirable timber-producing regions of the U.S. South and U.S. Pacific Northwest, although we may also pursue opportunistic acquisitions outside of these regions. The current housing market recovery and supply disruptions in Canadian timber markets bode well for increasing demand for our timber products from domestic as well as offshore users over the long-term. We do not engage in timber-related manufacturing operations, which allows us to focus on optimal management of our timberlands and prevents us from being exposed to the risks inherent in direct ownership of timber-related manufacturing operations. We also seek to create additional value by entering into joint ventures with long-term, institutional equity partners to opportunistically acquire, own, and manage timberland properties that fit our core investment strategy. These joint venture activities generate recurring income and cash flow through timber and non-timber activities, including investment management and performance-based fee income. More
CatchMark owns interests in 1.6 million acres of high-quality commercial timberland located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina, Tennessee and Texas. Our timberlands are well diversified by species and product mix and are in proximity to a variety of established wood products, pulp, and paper manufacturing facilities, which provide a steady source of competitive demand for both pulpwood and higher-value sawtimber products. More
All data as of 03/31/2019.
Conscientious forest management serves investors by preserving the integrity of the land and forest habitats, which enhances the market value of timberland assets while promoting a healthier environment. CatchMark is committed to sustainable forest practices across our entire portfolio and we are proud that since 2008 our timberlands have been certified by the Sustainable Forestry Initiative®. More