CBL Properties Reports Results for Fourth Quarter and Full-year 2020

Rhea-AI Summary

CBL Properties (OTCMKTS: CBLAQ) reported its financial results for Q4 and the full year ending December 31, 2020. The company faced a net loss attributable to common shareholders of $(0.32) per diluted share for Q4, a significant decline of 366.7% compared to a profit of $0.12 per share in Q4 2019. For the full year, the net loss per share was $(1.75). The comprehensive financial details and reconciliations are available in the press release.

Positive

• None.

Negative

• Net loss per diluted share of $(0.32) for Q4, down 366.7% from $0.12 in Q4 2019.
• Full year net loss per share was $(1.75).

CBL Properties (OTCMKTS: CBLAQ) announced results for the fourth quarter and year ended December 31, 2020. 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.

		Three Months Ended December 31,												Year Ended December 31,
		2020				2019				%				2020				2019				%
Net income (loss) attributable to common shareholders per diluted share		$	(0.32	)		$	0.12				(366.7	)%		$	(1.75

FAQ

What were CBL Properties' Q4 2020 financial results?

CBL Properties reported a net loss of $(0.32) per diluted share in Q4 2020.

How did CBL Properties perform in 2020 compared to 2019?

CBL Properties experienced a net loss per share of $(1.75) for the full year 2020.

What is the significant change in CBL Properties' net income for Q4 2020?

The net income attributable to common shareholders decreased by 366.7% in Q4 2020 compared to Q4 2019.

What financial metric indicates CBL Properties' performance in 2020?

The net loss per diluted share of $(1.75) indicates a challenging financial performance for CBL Properties in 2020.