Exclusively Invested in U.S. Timberlands: CatchMark is one of the only “pure-play” publicly traded timber REIT – we own and harvest timberlands, but we do not own any pulp, paper or wood products manufacturing assets to avoid exposure to the risks and volatility inherent in manufacturing operations.
High-Quality Existing Portfolio: CatchMark’s timberlands are strategically located in the “U.S. South Fiber Basket,” a competitive and dynamic timber region convenient to woods products, pulp, and manufacturing facilities, which provide a steady source of demand for CatchMark’s harvests of pulpwood and higher-value saw timber products. Nearby interstates and state highways provide excellent access to CatchMark timberlands, ensuring efficient delivery routes to manufacturers.
Positioned for Growth: The ongoing recovery in the U.S. housing market and disruptions in timber supply in Canada – caused by a beetle infestation in British Columbia – create opportunities from meeting demand for timber products in markets facing more constrained supplies. The company’s strong capital position and ample liquidity provide opportunity for CatchMark to undertake prime timberland acquisitions to help propel future growth and ensure prospects for enhancing dividends and shareholder value over the long-term.
Proven Leadership: Chief Executive Officer and President Jerry Barag has more than 35 years of real estate and timberland investment experience with expertise in acquisitions, divestitures, asset management, property management and financing. John F. Rasor, President of the company’s Triple T Timberlands joint venture, has more than 45 years of experience in the timberland and forest products industries.
CatchMark also benefits from attractive long-term fiber supply agreements, providing a stable demand outlet for a significant portion of our timber production at competitive prices. The company’s scalable infrastructure – management team, information technology, and internal reporting systems – can be deployed over a larger asset base without significant additional incremental cost or personnel. As a result, the company can quickly and efficiently evaluate, execute and capitalize on timberland acquisition opportunities.