Earnings ·
CBL Reports Q3 FFO, as adjusted of $1.90 per share and raises 2026 guidance
CBLCbl & Associates Properties Inc
CBL & Associates Properties reported third-quarter results with same-center NOI up 3.8% to $96.2 million and portfolio occupancy rising 130 basis points to 91.5%. FFO, as adjusted, per share reached $1.90, a 23% increase from the prior-year period of $1.55. The company raised its full-year 2026 guidance for FFO, as adjusted, to $7.34-$7.44 per share and same-center NOI growth to 0.75%-2.25%. Additionally, the board approved a $0.625 per share dividend for Q4 2026 and authorized a new $25 million stock repurchase program. CBL Properties owns and manages a national portfolio of market-dominant shopping centers, malls, and lifestyle retail assets.