Quarterly ResultAug 7, 2026, 09:46 AM
CBL Properties Q2 FFO $1.93, Same-Center NOI +1.5%; Raises FY26 Guidance
AI Summary
CBL Properties reported strong Q2 2026 results with FFO of $1.93 per share and a 1.5% increase in same-center Net Operating Income. The company achieved 90.4% portfolio occupancy and robust leasing activity with an 8.8% average rent increase. Full-year 2026 FFO guidance was raised to $7.15-$7.25 per share, and a $0.625 quarterly dividend was declared. The company also generated $60.0 million from dispositions and is resolving $189.6 million in non-recourse mortgage debt through foreclosures or sales.
Key Highlights
- Q2 2026 FFO, as adjusted, was $1.89 per share, up from $1.86 in Q2 2025.
- Same-center NOI increased by 1.5% for Q2 2026 compared to prior year.
- Portfolio occupancy reached 90.4% as of June 30, 2026, a 160 bps increase.
- Signed 1.3 million square feet of leases in Q2, with 8.8% average rent increase.
- Full-year 2026 FFO, as adjusted, guidance raised to $7.15 - $7.25 per share.
- Declared a Q3 2026 dividend of $0.625 per common share (annual $2.50).
- Generated $60.0 million in gross proceeds from dispositions (CBL's share).
- Resolving $189.6 million (CBL's share) of non-recourse mortgage debt.
Price Impact
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