CBL reports higher earnings in first quarter

CBL reports higher earnings in first quarter

April 28th, 2011 by Mike Pare in Local - Breaking News

Shopping center developer CBL & Associates Properties Inc. today reported higher first quarter earnings on better leasing and occupancy.

"We have started off the year with impressive results," said Stephen D. Lebovitz, the Chattanooga-based 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.