CBL Properties Reports Results for First Quarter 2021
CBL Properties (OTCMKTS: CBLAQ) reported its Q1 2021 financial results, reflecting a net loss of $0.14 per diluted share, an improvement from a loss of $0.75 per share in Q1 2020, marking an 81.3% decrease in losses. Funds from Operations (FFO) per diluted share increased to $0.45 from $0.25, indicating a growth of 80.0%. Adjusted FFO per share also showed a positive trend at $0.34. The results suggest notable progress in financial performance, despite the ongoing challenges in the retail sector.
- Net loss per diluted share improved from ($0.75) to ($0.14), representing an 81.3% decrease in losses.
- Funds from Operations (FFO) per diluted share rose to $0.45 from $0.25, an increase of 80.0%.
- Adjusted FFO per diluted share improved to $0.34.
- None.
CBL Properties (OTCMKTS: CBLAQ) announced results for the first quarter ended March 31, 2021. A description of each supplemental non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located at the end of this news release.
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Three Months Ended
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2021 |
|
|
2020 |
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% |
|
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Net loss attributable to common shareholders per diluted share |
|
$ |
(0.14 |
) |
|
$ |
(0.75 |
) |
|
|
81.3 |
% |
Funds from Operations ("FFO") per diluted share |
|
$ |
0.45 |
|
|
$ |
0.25 |
|
|
|
80.0 |
% |
FFO, as adjusted, per diluted share (1) |
|
$ |
0.34 |
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FAQ
What were CBL Properties' Q1 2021 financial results?
CBL Properties reported a Q1 2021 net loss of $0.14 per diluted share, improved from a loss of $0.75 per share in Q1 2020.
How did Funds from Operations (FFO) perform in Q1 2021 for CBLAQ?
FFO per diluted share increased to $0.45 in Q1 2021 from $0.25 in Q1 2020, indicating an 80.0% growth.
What is the significance of CBL Properties' adjusted FFO per share in Q1 2021?
The adjusted FFO per diluted share for CBL Properties was $0.34 in Q1 2021, highlighting improved financial performance.
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