Upper Amazonian tree communities are famous for their very high alpha-diversity. This paper describes an anomalous forest just 6 km south of the equator in lowland Ecuador that is structurally mature, surrounded by hyperdiverse forest, but strikingly poor in species. To investigate the anomaly, a 1-ha tree inventory and soil analysis were carried out and compared with 15 similar surveys of upland forest in the same region. The anomalous forest contains only 102 tree species ha−1, compared with a regional mean of 239±28 species ha−1. It is structurally indistinguishable from richer forests, and closest in composition to upland forest, but lacks the uplands' typically rich understorey tree community. Three hypotheses for its origin are examined: recovery from anthropogenic disturbance, unique soil conditions and recovery from a large-scale natural catastrophe. The third hypothesis is the best supported. Mineralogical, geological and remote-sensing evidence, and 14C-dating suggest that the forest grows on a vast debris plain left by a catastrophic flooding event roughly 500 y ago. The forest's low diversity today is most likely due to the failure of a full complement of the region's tree species – especially understorey taxa – to recolonize the outwash plain in the time since the disaster.