CBL & Associates Properties Reports Fourth Quarter and Annual 2007 Results.

Extract


CBL & Associates Properties Reports Fourth Quarter and Annual 2007 Results.

* Same center NOI increased 1.7% for the year ended December 31, 2007, over the prior-year, excluding lease termination fees.

* Portfolio occupancy was 94.0% at December 31, 2007, excluding centers acquired in the fourth quarter 2007.

* FFO per share was $0.99 and $3.26 in the fourth quarter and year ended December 31, 2007, respectively, excluding a non-cash write down for marketable real estate securities.

* Total revenues increased 8.5% and 4.5% during the fourth quarter and year ended December 31, 2007, respectively, over the prior year periods.

CHATTANOOGA, Tenn. -- CBL & Associates Properties, Inc. (NYSE: CBL) announced results for the fourth quarter and year ended December 31, 2007. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP measure is located at the end of th...

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