CBL & ASSOCIATES PROPERTIES INC
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-06-30; filed 2024-08-09.
0000950170-24-094439
Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2024-09-30; filed 2024-11-12.
0000950170-24-125286
Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 49 previous paragraphs and 50 current paragraphs.
29 unchanged; 12 reworded; 6 added; 6 removed; 2 previous and 3 current paragraphs rearranged.
Tables are not compared: 1 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (6)
Current report
Interest expense was $4.0 million lower; and
Current report
Rental revenues were $4.8 million lower;
Current report
Litigation settlement expense was $2.0 million higher; and
Current report
Interest expense was $12.5 million lower;
Current report
Rental revenues were $11.9 million lower;
Current report
Litigation settlement expense was $2.0 million higher; and
Removed paragraphs (6)
Previous report
Interest expense was $4.8 million lower;
Previous report
Rental revenues were $0.8 million lower; and
Previous report
The income tax provision was $0.4 million higher.
Previous report
Interest expense was $8.5 million lower;
Previous report
Items decreasing net loss for the six months ended June 30, 2024 compared to the prior-year period:
Previous report
Rental revenues were $7.1 million lower; and
Reworded paragraphs (12)
Previous wording
Depreciation and amortization expense was $11.1 million lower;
Current wording
Depreciation and amortization expense was $12.8 million lower;
Previous wording
Equity in earnings of unconsolidated affiliates was $6.3 million higher;
Current wording
Equity in earnings of unconsolidated affiliates was $3.8 million higher;
Previous wording
Gain on sales of real estate assets was $2.2 million higher.
Current wording
Gain on sales of real estate assets was $9.4 million higher.
Previous wording
Gain on deconsolidation was $28.2 million lower.
Current wording
Gain on deconsolidation was $19.7 million lower;
Previous wording
General and administrative expense was $1.3 million lower.
Current wording
General and administrative expense was $1.0 million higher.
Previous wording
Significant items that affected comparability between the six-month periods include:
Current wording
Significant items that affected comparability between the nine-month periods include:
Previous wording
Items increasing net income for the six months ended June 30, 2024 compared to the prior-year period:
Current wording
Items increasing net income for the nine months ended September 30, 2024 compared to the prior-year period:
Previous wording
Depreciation and amortization expense was $26.3 million lower;
Current wording
Depreciation and amortization expense was $39.1 million lower;
Previous wording
Equity in earnings of unconsolidated affiliates was $12.2 million higher;
Current wording
Equity in earnings of unconsolidated affiliates was $16.0 million higher;
Previous wording
Real estate taxes were $1.5 million lower;
Current wording
Real estate taxes were $7.5 million lower;
Previous wording
Interest and other income was $2.5 million higher;
Current wording
Interest and other income was $2.8 million higher;
Previous wording
Maintenance and repairs was $2.4 million lower; and
Current wording
Maintenance and repairs was $2.0 million lower; and
Rearranged current paragraphs (3)
Current report — wording carried from elsewhere
Gain on sales of real estate assets was $11.6 million higher.
Current report — wording carried from elsewhere
Items decreasing net income for the nine months ended September 30, 2024 compared to the prior-year period:
Current report — wording carried from elsewhere
Gain on deconsolidation was $47.9 million lower.
Rearranged previous paragraphs (2)
Previous report — wording carried elsewhere
Interest and other income was $1.1 million higher; and
Previous report — wording carried elsewhere
Real estate taxes were $7.0 million lower;