CBL & Associates beats and boosts

• Adjusted FFO of $118.6M or $0.59 per share vs. $107.7M and $0.54 one year ago.
• Same-center NOI up 3.4% Y/Y for total portfolio; up 3.2% in malls. Same-center mall occupancy up 150 bps to 91.7%. Same-center sales of $377 per square foot up 1.1%.
• $304M in dispositions YTD.
• Full-year AFFO guidance is lifted to $2.36-$2.40 per share, with same-center NOI growth lifted to 1.5-2.5%.
• CC tomorrow at 11 ET
• Previously: CBL & Associates Properties beats by $0.03, beats on revenue (July 28)
• CBL flat after hours