CBL & Associates Properties Q3 FFO Rises - Quick Facts

(RTTNews) - CBL & Associates Properties Inc. (CBL) Tuesday said third-quarter funds from operations, or FFO, increased to $87.29 million from $84.81 million last year. On a per-share basis, earnings dropped to $0.52 from $0.54 last year.

On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.54 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to common shareholders totaled $23.10 million or $0.14 per share, compared to a loss of $2.52 million or $0.02 per share last year.

Revenues increased to $257.55 million from $249.19 million last year. Analysts expected revenues of $263.35 million. Looking ahead, the company has forecast full-year 2013 FFO in the range of $2.18 to $2.22 per share. Analysts currently expect full-year FFO of $2.20 per share.