CBL & ASSOCIATES PROPERTIES INC

CBL & Associates Properties reported a significant increase in net income attributable to common shareholders to $45.40 million, or $1.50 per basic share, for Q1 2026, up from $8.21 million, or $0.27 per basic share, in Q1 2025. This improvement was largely driven by a $35.33 million gain on the deconsolidation of Jefferson Mall, which entered receivership. The company also acquired Gateway Mall for $43.76 million and saw total revenues rise to $145.97 million.

CBL Properties reported strong first-quarter 2026 results, with FFO, as adjusted, increasing 15% to $1.73 per share and same-center NOI up 2.1%. The company raised its full-year 2026 FFO, as adjusted, guidance to $7.06-$7.19 per share. Additionally, CBL's Board approved a 39% increase in its quarterly dividend to $0.625 per common share, reflecting confidence in cash flows after successful refinancing of $634 million in term loans and other debt. The company also acquired Gateway Mall for $43.5 million.