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PRESS RELEASE CBL Properties Reports Results For Third Quarter 2021 11/16/2021 CHATTANOOGA , Tenn .-- ( BUSINESS WIRE ) -- CBL Properties ( NYSE : CBL ) announced results for the third quarter ended September 30 , 2021. A description of each supplemental non - GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located at the end of this news release . Net loss attributable to common shareholders per diluted share Funds from Operations ( " FFO " ) per diluted share Three Months Ended September 30 , Nine Months Ended September 30 , 2021 2020 % 2021 2020 % $ ( 0.21 ) $ ( 0.28 ) 25.0 % $ ( 0.39 ) $ ( 1.43 ) 72.7 % $ 0.37 $ 0.06 516.7 % $ 1.07 $ 0.28 282.1 % FFO , as adjusted , per diluted share ( 1 ) $ 0.47 $ 0.04 1,075.0 % $ 1.21 $ 0.32 278.1 % ( 1 ) For a reconciliation of FFO to FFO , as adjusted , for the periods presented , please refer to the footnotes to the Company's reconciliation of net loss attributable to common shareholders to FFO allocable to Operating Partnership common unitholders on page 8 of this news release . KEY TAKEAWAYS : • On November 1 , CBL successfully completed its Chapter 11 reorganization . CBL emerged with a significantly improved capital structure , greater financial flexibility and a lowered cost of capital , positioning the company to pursue future growth opportunities . Following emergence from Bankruptcy on November 1 , 2021 , and $ 60 million redemption of 10 % Notes , on a consolidated basis , the company had approximately $ 260 million available in unrestricted cash and marketable securities . • Total portfolio same - center Net Operating Income ( " NOI " ) increased 26.5 % for the three months ended September 30 , 2021. Total portfolio same - center NOI for the nine months ended September 30 , 2021 , increased 6.7 % . • Sales for the third quarter and the nine - months ended September 30 , 2021 , increased 17 % as compared with the third quarter and nine - months ended September 30 , 2019 .