CBL & Associates reports Q4 AFFO $1.92 vs. $1.94 last year

Reports Q4 revenue $177.83M vs. $180.57M last year. “2024 was an outstanding year for CBL,” said CBL’s chief executive officer, Stephen Lebovitz. “Financial results were strong, highlighted by the achievement of positive same-center NOI growth. We also completed significant financing and transactional activity that strengthened both our balance sheet and portfolio. Same-center NOI growth for the year benefited from overall positive rent spreads and new leasing activity as well as lower operating expenses and tax savings, partially offset by an unfavorable variance in uncollectable revenues and declines in percentage rent.”