The retail REIT raised its 2026 FFO guidance to $7.15-$7.25 per share after stronger-than-expected quarterly results.
CBL Properties reported Q2 funds from operations of $1.89 per share, exceeding estimates by $0.25. Revenue reached $144 million, up 1.1% year-over-year.
The company previously did not provide 2026 guidance. Analysts had not published consensus estimates for the period. Q1 FFO stood at $1.78 per share on $142 million in revenue.
CBL updated its 2026 FFO guidance to a range of $7.15-$7.25 per share, citing recent transaction and financing activity.