This story was updated at 4:55 p.m. on Friday, April 9, 2021, with more information.
CBL Properties on Friday posted stable fourth-quarter earnings versus a year ago and the company offered a better outlook with the pandemic waning and a plan to emerge from bankruptcy.
But malls, shopping centers and retail in general still face challenges as the sector consolidates amid too much space, an analyst said.
For all of 2020, CBL reported that funds from operations, as adjusted, came in at 70 cents per share. That’s down 48.5% from 2019 as the Chattanooga-based shopping center company was among