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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