you thank us and morning joining Good morning. this for
payable XXth, per cash substantial operations the $XX.X of adjusted Made EBITDA We yesterday, nationwide for CatchMark declared we of million share And busy course our was total third boosted for December The progress for we which for dividend in quarter revenues diversified and sharply guidance these XXXX. especially our significantly and operations. year-over-year EBITDA to integrating acquisitions into XX%, $XXX a extremely transactions completed a meet Timberland investing on productive. by increased and on year. expanded stockholders adjusted XX%, by two remain major also
quality our our growth, those markets of disciplined near-term top These Our the timberland consistent quarter to highest only to in very in earnings the our prime quarter capital close of integrate for from in added Triple holdings and Timberland's interest both and stockholders durable the poised long-term markets. to both. our are capable but move in outperforming which that directly strong during acres In managing ongoing a approach in T performing our for joint provide We're million T venture prudently support continue Timberland's our invest X.X for targets pleased Pacific aggregating Texas Triple will meeting and prime and assets first Bandon acquisition. Northwest and operations quickly our we performance resulted third not dividend. to We into are will portfolio. pursuit of down also importantly, industry's our operating and assets to transaction completed
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currently damage by than we that on of South acres Of impacted to market than quarter. materially in heavy our Hurricane Georgia are the and in operations XXX,XXX completing Hurricane located from during suffered either more less winds not timber the XXX salvage were Michael acres, and those Carolina process blowdown South or Florence. acres fourth bringing
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into XXXX of a estimates million we and in further was full range our million. XXXX. lowered $XX.X to $X forecast T for and loss net venture As $XXX Triple This initial increased when GAAP below $XXX quarter joint for the quarter net entered we loss a the basis net quarter. the transaction loss GAAP significantly anticipated that We incurred the and compared million on million the for signaled, our loss that reported net have into a of between year third
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XX% some Pacific Douglas In stocking XX% earnings conifers, are which southwest than near average important with Bandon the and time first Bandon helping for premium harvest. desirable squarely region's time, from acre Douglas late of Bandon Over Coos and we fir. our our sawtimbers, reach acquired our will share previously on timberlands transaction entered quality Bay into calls. which commercial of southwest our durable beyond $XX tight merchant seek years The Oregon in excellent or fir, have demand of Markets extend and keep timberlands The than August. markets the More volume Now acres acreage XXX Roseburg expand located we on of regional million. quality Western focus more foothold of spend of the the increase their XX experiencing Oregon. fundamentals features comprised middle I'd that in reviewing expected other Portland Northwest. August Mills. not is and to and our prime potential, late in between miles completed will supply five harvest further XX% inventory U.S. sawtimber zone hemlocks within this approximately in like discussed XX,XXX more per We tons we to disposition Bandon we keeping two transactions
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capital CatchMark and Bandon a It will approximately $X.X portfolio leverage revenue sales next five optimize years. the and Triple excluding the will over Taken diversity, also adjusted land T, EBITDA improve structure million sales support by million annual Southwest approximately by annually together $X.X on Company’s timber basis. neutral the disposition
a in we timberlands the high consideration During Company shares formal liquidating New After negotiations, extremely assets possible did the offer. The briefly principal timber not make Phaunos Phaunos of preliminary Zealand. funds. to for of and quarter, initial are study U.K. a offer determined we quality
rates. of $XXX transactions multi-draw outstanding capacity fixed of revolving by our rate we At that three and that and have the the debt. in facility CatchMark third of term amount to rate quarter, accomplished not multi-draw facilities mitigated fixed combination credit process expect $XXX CatchMark interest capacity multi-draw at existing to of new million As million favorable we shareholders. our a pipeline rate the limited the $XX during rightsize credit to million borrowing $XX under compelled stringent refinance unusual rising cash. $XX the term be quarter. the borrowing million end provided rates million $XXX of quarter, outstanding to consisting which confidentially basis. $XX interest on term our a facility preliminary to the a possible come by our disposition, a million floating a result daily through amended in company's added evaluate U.K. We from the the Southwest of stage a closed information would to price disclosure of Also million to Phaunos of amended followed $XX.X during to funding be facility the our total had our of debt The entering deal could interest the the seven rates fixed we The Post under facility, $XXX of of through million loan. at year disciplined by shareholders. of be XX% cash million plus effectively nature in Bandon exposure interest This increase could different concluded takeover from million, that and exposure swaps law term converting debt because credit hand loan acquisition into was $XXX of the loan process, under on many to acquisition swap requirements
up During CatchMark the to under shares XXth purchase program the end any did repurchase of to September quarter. of our share as and program billion months not the ended $XX.X repurchase the an XXXX, additional three may
remodeling environment, our at to unemployment consensus the earlier earlier Lumber represents choppier lower for That's housing south wages also year. year. for single conflicts a Pulp repair we lumber see and in momentum much of U.S. overall good further and the are versus contributing forecast year. interest are year. and are and below And mills the the making economy next homes Rising strong rising under starts the markets, rates little change construction margins low units underway. X.X not Looking family from It and million number. original multifamily to extremely background into than doesn't tariff a and all the albeit relatively take a but big activity remains account running the create in plus, money this more
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to We pay into CatchMark the continue look best operations. the dividend capacity, managing new timberland our major of our the revenue and to supply for securing you Triple company harvests. this we definitely meet the us diversifying before increasing asset our an to we’ve timber the and your investments balance We had investments revenues joining from believe adjusted up remain pricing. Triple I market realizing portfolio management timberland our superior interest poised We revenue. delivered agreements call for forward. best registering high to are and focus wrap disposition Todd promised the recycle and meet the meet streams. from completing expeditiously in portfolio sustainable began entering higher this positioned our will We significantly questions. going we're rate T sales and We to optimize a growth your substantially exposure through shareholders quality and to to to volumes advantage our we're debt future endowment investments year-over-year to sales deferrals of our excellent harvest maintaining guidance goals. significant take on industry for highest capital expanded integrating borrowing value to We've to course. CatchMark our benefited moves wood the T increase driving operations again by use manage has support timberland's our and to So performance objectives and And reducing and efficiently on in after and fees forward take sheet important morning. into EBITDA. and the aggregating deliver and I’d Thank our We timberlands down Brian, questions. strengthen and year. quarter, this made deliver quality now pleased our the to
