published Friday, April 29th, 2011

CBL posts higher earnings

CBL & Associates Properties Inc., the Chattanooga-based shopping center developer, on Thursday reported higher first-quarter earnings on better leasing and occupancy.

“We have started off the year with impressive results,” said Stephen D. Lebovitz, the company’s chief executive officer.

CBL posted first-quarter funds from operations of $93.3 million, or 63 cents per share, compared with $67.9 million, or 49 cents per share, a year ago, according to the company.

CBL reported that same-store sales per square foot for mall tenants with 10,000 square feet or less increased 2.5 percent.

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fayeyuen said...

"Printapons" is a deal-of-the-day website that is localized if a certain number of people sign up for the offer, then the deal becomes available to all; if the predetermined minimum is not met, no one gets the deal that day.

April 29, 2011 at 2:38 a.m.
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