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CatchMark (CTT) delivered earnings and revenue surprises of -200% and 19.77%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
ATLANTA , July 8, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE: CTT) will release its second quarter 2022 earnings on Thursday, August 4, 2022, following the market close. About CatchMark CatchMark (NYSE: CTT) invests in prime timberlands located in the nation's leading mill markets, seeking to capture the highest value per acre and to generate sustainable yields through disciplined management and superior stewardship of its exceptional resources.
Housing is about 1/6 of the economy. 2 major housing reports are about to be released.
Timber REITs, PCH and CTT, are merging. This article discusses the deal and potential opportunities.
We had a neutral rating on PotlatchDeltic when we covered it in March. CatchMark, on the other hand, appeared undervalued to us in relation to NAV.
CatchMark Timber is by far the smallest of the Timber REITs. The company's halcyon days are far in the rear-view mirror.
CatchMark Timber Trust, Inc. (NYSE:CTT ) Q1 2022 Earnings Conference Call May 6, 2022 10:00 AM ET Company Participants Ursula Godoy-Arbelaez - Senior Vice President and Chief Financial Officer Brian Davis - President and Chief Executive Officer Todd Reitz - Chief Resources Officer Conference Call Participants David Rodgers - Robert W. Baird & Co. Paul Quinn - RBC Capital Markets Anthony Pettinari - Citigroup Inc. Buck Horne - Raymond James & Associates, Inc. Operator Good morning, and welcome to the CatchMark Timber Trust First Quarter 2022 Earnings Conference Call.