CatchMark Timber Trust: GAAP Income Does Not Give An Accurate Picture, Focus On Cash Flow

CatchMark Timber Trust: GAAP Income Does Not Give An Accurate Picture, Focus On Cash Flow
CatchMark Timber Trust is a small but rapidly growing timber REIT. Despite an increasingly bearish economy, the long-run fundamentals for timber are very strong due to new home development. While CatchMark has a negative EBIT, it is largely due to GAAP accounting and the structure of its “Triple T” joint venture deal. From an adjusted EBITDA …
News story posted on 2020-03-09T04:39:00.0000000Z