CatchMark Timber Trust’s revenues of $26.2 million for the 2Q ended June 30, 2018 were consistent with the three months ended June 30, 2017 primarily due to a $1.1 million decrease in timberland sales revenue, offset by a $0.4 million increase in timber sales revenue and a $0.2 million increase in other revenues.

Net loss decreased to $1.5 million for the three months ended June 30, 2018 from $2.5 million for the three months ended June 30, 2017 primarily due to a $0.8 million increase in income from the Dawsonville Bluffs joint venture.

For the three months ended June 30, 2018, Adjusted EBITDA was $14 million, consistent with the three months ended June 30, 2017 primarily due to a $1.4 million decrease in net timberland sales, offset by $1.4 million of Adjusted EBITDA from the Dawsonville Bluffs joint venture.

CatchMark Timber Trust, Inc. is a self-administered and self-managed, publicly-traded timberland REIT that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests, well-timed real estate sales and investment management.