CBL & Associates Properties Q2 FFO Rises, Backs 2014 Outlook - Quick Facts

(RTTNews) - CBL & Associates Properties, Inc. (CBL) Monday reported second-quarter funds from operations of the operating partnership of $109.12 million or $0.55 per share, up from $100.19 million or $0.51 per share last year.

On average, 16 analysts polled by Thomson Reuters expected FFO of $0.53 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to common shareholders for the quarter was $26.73 million or $0.16 per share, sharply higher than $0.50 million or breakeven per share last year.

Total revenues for the quarter edged up to $256.93 million from $255.59 million last year. Analysts estimated revenues of $250.56 million for the quarter. Same-Center NOI Growth was 1.9 percent.

Looking ahead to fiscal 2014, the company reaffirmed adjusted FFO outlook in the range of $2.22 to $2.26 per share. Analysts currently expect FFO of $2.21 per share for the year.