CBL & ASSOCIATES PROPERTIES INC (CBL) Form 8-K — Nov 5, 2026
CBL Properties reported strong Q3 2026 results, with FFO as adjusted of $1.90 per share up 23% year over year and same-center NOI up 3.8%. Portfolio occupancy reached 91.5%, up 130 bps year over year, and the company signed over 930,000 square feet of leases with comparable spreads up 6.8%. Management raised full-year 2026 FFO guidance for the second time this year to $7.34-$7.44 per share, closed nearly $1.0 billion of YTD financings adding over $45.0 million of annual free cash flow, and the Board authorized a new $25.0 million stock repurchase program.
Key figures
- Eps
- Q3 2026 net income per share $0.37 vs $2.38 prior year
- Guidance
- 2026 FFO as adjusted raised to $7.34-$7.44 per share; net income $112.1M-$115.2M; same-center NOI growth 0.75%-2.25%
- Net Income
- Nine months 2026 net income attributable to common shareholders $3.31 per diluted share
- Ytd financings
- nearly $1.0 billion; >$45.0M added annual free cash flow
- Leases signed q3
- 930,000 sq ft; $4.6M net new annual rent; 6.8% lease spreads
- Mortgage debt net
- $2,025,450 thousand
- Total revenues q3
- $148,697 thousand vs $139,280 thousand prior year
- Portfolio occupancy
- 91.5%, up 130 bps YoY
- Buyback authorization
- $25.0 million
- Q4 dividend per share
- $0.625 ($2.50 annualized)
- West county refinancing
- $135.0M at 7.4% fixed, five-year term
- Same center noi growth q3
- 3.8%
- Tenant sales per sqft ttm
- $463, +3.6% YoY
- Q3 ffo as adjusted per share
- $1.90 vs $1.55 prior year (+23%)
- Asset sale gross proceeds ytd
- $101.3 million (at CBL's share)
- Nine month ffo as adjusted per share
- $5.52 vs $4.94 prior year (+12%)
AI analysis
Red flags5 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.