Looks like a pretty good Q1. Interestingly, accounts receivable was $4,490,388 for Q1 vs $2,900,457 in Q4. I'm assuming that they expect to collect that money. Stockholders Equity was up almost 4% Q4 to Q1, a bit more than an annual rate of 16% (although they've frequently warned of lumpy results).
I think you are right that there is no catalyst for the stock price. But the good news is that the timber value is probably increasing 4 or 5% per year (minus however much is harvested). The long term returns are probably not too bad as compared with current interest rates. The down side is as a stockholder you don't have too much say about when those returns can be realized.