Mar 17, 2016. /Lesprom Network/. CatchMark Timber Trust's 4Q 2015 revenues decreased to $17.1 million from $20.9 million for the 4Q 2014 primarily because of a decrease in timberland sales revenue of $7.5 million, offset by an increase in timber sales revenue of $3.5 million and an increase of $0.3 million in other revenues, as the company said in the press release received by Lesprom Network.

CatchMark incurred a net loss of $3.3 million for the quarter ended December 31, 2015 compared to net income of$2.2 million for the 4Q 2014, as a result of a $5.2 million decrease in operating income from lower net timberland sales, higher depletion expense, and an increase in interest expense.

For the 4Q 2015, Adjusted EBITDA was $6.9 million, a $4.6 million decrease from the 4Q 2014, primarily due to a $7.3 million decrease in revenue from net timberland sales and increases in cash paid for general and administrative expenses, other operating expenses, and forestry management fees, offset by a $3.7 million increase in net timber sales.

FY 2015 revenues increased to $69.1 million from $54.3 million for 2014 primarily due to an increase in timber sales revenue of $12.2 million, an increase in timberland sales revenue of $1.2 million and an increase of $1.4 million in other revenues.

For the year ended December 31, 2015, Adjusted EBITDA was $32.2 million, a $8.5 million increase from the year ended December 31, 2014.

CatchMark Timber Trust, Inc. is a self-administered and self-managed publicly traded REIT that began operations in 2007 and owns interests in approximately 425,000 acres of timberland located inAlabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.