Funds from operations per diluted share, as adjusted, was
"Looking forward, we expect the stronger sales gains reported by retailers in April to continue and offset the sluggish sales results in the first quarter," said CBL Chief Executive
Mall same-center net operating income increased 1.6 percent in the quarter, while average gross rent per square foot for stabilized mall leases signed in the quarter grew 9.5 percent in the period, the
Total portfolio occupancy increased to 92.5 percent and same-center stabilized mall portfolio occupancy grew to 92.2 percent in the first quarter over a year ago, CBL said after the markets closed.
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