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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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.