CBL & Associates Properties, Inc. (CBL), a real estate firm, reported Monday that net income attributable to common shareholders for the third quarter increased to $15.87 million or $0.52 per share from $12.96 million or $0.41 per share in the prior-year quarter.
Funds from operations or FFO for the quarter decreased to $1.28 per share from $1.93 per share in the previous year.
Excluding items, adjusted FFO was $1.54 per share, compared to $1.60 per share in the prior year.
Total revenues for the quarter declined to $125.09 million from $129.35 million in the same quarter last year.
Looking ahead to fiscal 2024, the company now expects earnings in a range of $6.34 to $6.80 per share and adjusted FFO in a range of $0.59 to $1.05 per share.
Previously, the company expected earnings in the range of $6.28 to $6.72 per share and adjusted FFO in the range of $0.08 to $0.52 per share.
On Thursday, CBL announced that its Board of Directors had approved an accelerated record and payment date for the cash dividend of $0.40 per common share for the quarter ending December 31, 2024, payable on December 11, 2024, to shareholders of record as of November 25, 2024.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.