CBL & Associates Earnings Reports

CBL Properties announced strong results for the fourth quarter and full-year 2024, with same-center NOI increasing 0.2% over the prior-year period. The company also completed significant financing and transactional activity that strengthened its balance sheet and portfolio, highlighted by the achievement of positive same-center NOI growth.

CBL Properties announced its third quarter results for 2024, with same-center NOI declining 2.0% compared to the prior-year period, and FFO, as adjusted, per share of $1.54, compared with $1.60 for third quarter 2023. Results were in-line with the previously issued guidance range for 2024 same-center NOI and FFO, as adjusted.

CBL Properties reported a 1.5% increase in same-center NOI and strong leasing activity for the second quarter of 2024. The company executed over 1.0 million square feet of leases and closed on the sale of Layton Hill Malls for $37.125 million.

CBL Properties reported a solid start to 2024, marked by a 3.6% increase in same-center NOI and strong leasing volumes, reflecting improvements in the portfolio's fundamentals and the realization of real estate tax reductions.

CBL Properties reported a decline of 1.2% in same-center NOI for Q4 2023, with FFO, as adjusted, per share at $1.94. Portfolio occupancy remained approximately flat at 90.9%. The company initiated 2024 FFO, as adjusted, per share guidance in the range of $6.19 - $6.63 and 2024 same-center NOI guidance in the range of $428 million - $442 million.

CBL Properties announced solid results for the third quarter ended September 30, 2023, with same-center NOI increasing by 0.4% and portfolio occupancy rising by 30 basis points to 90.8%. The company anticipates achieving full-year results near the mid-point of its 2023 FFO, as adjusted, per share, and same-center NOI guidance ranges.

CBL Properties announced its second quarter 2023 results, highlighting strong leasing activity and occupancy growth. The company raised the low end of its full-year FFO, as adjusted, per share and same-center NOI guidance ranges. Same-center NOI declined slightly compared to the prior-year quarter, and same-center tenant sales per square foot also decreased.

CBL Properties announced first quarter 2023 results, reporting FFO, as adjusted, per share of $1.56 compared to $2.05 for the first quarter 2022. Portfolio occupancy increased to 89.8%. Same-center NOI declined 4.5%.

CBL Properties announced strong fourth quarter and full-year 2022 results, driven by occupancy growth, higher specialty income and percentage rents, and disciplined expense management, despite macroeconomic challenges.

CBL Properties announced their Q3 2022 results, showing improved operating performance with an increase in occupancy and lease spreads, leading to an increased full-year NOI guidance. The company completed over $1.1 billion in financing activity year-to-date, de-risking the balance sheet and reducing interest costs.

CBL Properties reported a net loss attributable to common shareholders of $41.6 million for Q2 2022. However, the company saw a 1.6% increase in same-center NOI and portfolio occupancy improved to 89.5%. CBL also completed over $663 million in financing activity, including the redemption of 10% Senior Secured Notes, and declared a $0.25 per share cash dividend.

CBL Properties reported strong first quarter results with an increase in total portfolio same-center NOI of 10.7%. The company increased its full year 2022 same-center NOI guidance to $416 - $430 million and FFO, as adjusted, per share guidance to a range of $7.18 -$7.67 per diluted share.

CBL Properties reported mixed results for Q4 2021. While FFO, as adjusted, increased, net loss attributable to common shareholders also increased. Occupancy and same-center NOI showed positive trends, indicating operational improvements.

CBL Properties announced results for the second quarter ended June 30, 2021, with operations improvement reflecting the strength of business recovery. FFO, as adjusted, per diluted share, was $0.39, compared with $0.02 per share for the second quarter 2020. Total portfolio same-center NOI increased 18.5%. Portfolio occupancy as of June 30, 2021, was 87.0%.

CBL Properties reported a net loss attributable to common shareholders of $26.8 million, or a loss of $0.14 per diluted share, for the three months ended March 31, 2021. FFO, as adjusted, per diluted share, was $0.34, compared with $0.26 per share for the first quarter 2020. Total Portfolio same-center NOI declined 17.2%. Portfolio occupancy was 85.4%.

CBL Properties reported a net loss of $63.0 million, or $0.32 per diluted share, for Q4 2020. FFO per diluted share, as adjusted, was $0.37, the same as Q4 2019. Portfolio occupancy was 87.5%, a 70-basis point improvement from the sequential quarter.

CBL Properties reported a net loss attributable to common shareholders of $54.1 million, or $0.28 per diluted share. FFO allocable to common shareholders, as adjusted, was $8.6 million, or $0.04 per diluted share. Total portfolio same-center NOI declined 30.5%. Portfolio occupancy was 86.8%. On November 1, 2020, CBL & Associates Properties, Inc. and certain other related entities filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

CBL Properties reported a net loss of $133.9 million, or $0.75 per diluted share, for the first quarter of 2020. FFO per diluted share, as adjusted, was $0.26, compared to $0.30 in the prior year. The company has taken steps to improve liquidity and reduce costs in response to the COVID-19 pandemic, including drawing $280 million on its line of credit and deferring capital expenditures.