CBL & Associates Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 04:36 pm EST
Share
CBL & Associates Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 145.54 million compared to USD 124.08 million a year ago. Revenue was USD 150.38 million compared to USD 129.9 million a year ago. Net loss was USD 41.72 million compared to USD 42.88 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to USD 0.28 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to USD 0.28 a year ago.
For the nine months, sales was USD 405.03 million compared to USD 405.48 million a year ago. Revenue was USD 420.12 million compared to USD 421.68 million a year ago. Net loss was USD 77.37 million compared to USD 235.78 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to USD 1.43 a year ago. Diluted loss per share from continuing operations was USD 0.39 compared to USD 1.43 a year ago.
CBL & Associates Properties, Inc. is a self-managed, self-administered, fully integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages, and operates various properties. Its segments include Malls and All Other. The Malls segment includes malls, lifestyle centers and outlet centers. The All Other segment includes open-air centers, outparcels, office buildings, hotels, self-storage facilities, corporate-level debt and the Management Company. The Company primarily conducts its business through CBL & Associates Limited Partnership (the Operating Partnership), which is a variable interest entity. It owns two qualified REIT subsidiaries: CBL Holdings I, Inc. and CBL Holdings II, Inc. It owns and manages a portfolio, which is comprised of approximately 94 properties totaling 58.5 million square feet across 22 states, including 56 enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets.
CBL & ASSOCIATES PROPERTIES, INC. 
