CBL & Associates Properties(CBL) - 2022 Q4 - Annual Report

Operating Strategy Balance Sheet Strategy Environmental Matters The shopping center business is, to some extent, seasonal in nature with tenants typically achieving the highest levels of sales during the fourth quarter due to the holiday season, which generally results in higher percentage rent income in the fourth quarter. Additionally, the Malls earn most of their "temporary" rents (rents from short-term tenants) during the holiday period. Thus, occupancy levels and revenue production are generally the hi ...