CatchMark (NYSE: CTT) is a pure play timberland REIT that strives to deliver consistent and predictable per-share cash flow growth through disciplined acquisitions, active management, sustainable harvests and well-timed real estate sales.
- We seek to drive performance through a focus on higher quality assets in select mill markets.
- We look to deliver recurring dividends to our stockholders from sustainable harvests on prime timberlands and opportunistic land sales, taking advantage of the current housing recovery.
- Our advanced forest management technology provides for predictable growth rates and harvest yields over an extended period, allowing for optimum long-term harvest planning.
- We proactively adjust harvest activities in response to market conditions, accelerating harvest volumes to capitalize on strong product pricing or allowing trees to continue to grow and appreciate in value.
- We target the acquisition of highly-productive and well-located timberlands in high demand fiber basket markets through disciplined capital allocations, focusing on the high-demand U.S. South in addition to other prime U.S. timber regions.
- We grow stable and predictable cash flows and enhance net asset value (NAV) through active forest management and concerted environmental stewardship–our timberlands are audited and certified as a sustainable forest by the Sustainable Forestry Initiative®.
- We continually assess potential alternative uses for timberland tracts that may prove more valuable for development, conservation, or recreation.
- We partner with major institutions aligned with our objectives for investing in high-quality timberlands to gain scale and diversification benefits as well as additional revenue sources from investment management and performance-based fee income.
CatchMark commenced operations in 2006 as a nontraded Real Estate Investment Trust (REIT) and in December 2013 converted to a company listed on the New York Stock Exchange under the ticker symbol CTT.
A symbol of quality historically used by loggers, catchmark refers to the “branding” at the end of cut logs to ensure easy ownership identification of high-quality timber. Catchmarks were especially critical when multiple logging companies were cutting timber in the same forest and floating logs downriver for sorting and distribution to different mills.
In the early days of logging, catchmarks were cut into logs by axe or pounded in using branding hammers. Catchmarks are still in use today, but may be in the form of barcodes or other identification symbols.