CBL & Associates Properties

CBL & Associates Properties, Inc. is a real estate investment trust, which owns and operates retail properties. The firm engages in owning, developing, acquiring, leasing, managing and operating regional shopping malls, open-air centers, community centers and office properties. It operates through Malls and All Other segments. Its properties include Malls, Associated Centers, Community Centers, Office Buildings, Construction Properties and Mortgages. The company was founded on July 13, 1993 and is headquartered in Chattanooga, TN.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

CBL & Associates Properties, Inc. is a real estate investment trust, which engages in the ownership and operations of assets. It operates through the Malls and All Other segments. The Malls segments includes the outlet and lifestyle centers. The All Other segment involves the open-air centers. The company was founded on July 13, 1993 and is headquartered in Chattanooga, TN.

CHATTANOOGA, Tenn.--( BUSINESS WIRE )--CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a special dividend of $2.20 per share of common stock, payable all in cash. The Special Dividend is payable on January 18, 2023, to stockholders of record as of the close of business on December 12, 2022. The special dividend equates to an aggregate cash amount of approximately $70.0 million.

CBL Properties Declares Special Common Stock Dividend of $2.20 Per Common Share, Payable All in Cash

Brookfield Asset Management

JPMorgan BetaBuilders MSCI US REIT ETF

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Macerich

Neuberger Berman Real Estate Securities Income Fund Inc

Pennsylvania Real Estate Investment Trust

US Diversified Real Estate ETF

Invesco Active US Real Estate

ProShares Short Real Estate

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

Seven Hills Realty Trust

Tanger Factory Outlet Centers

Simon Property Group

Seritage Growth Properties

ProShares UltraShort Real Estate

Pacer Funds Trust-Pacer Benchmark Data & Infrastructure Real Estate Sector ETF

ProShares Ultra Real Estate

iShares Core U.S. REIT ETF

Vanguard Real Estate ETF

Virtus Real Asset Income ETF

Real Estate Select Sector SPDR Fund

Mall REITs - which endured a dismal stretch of underperformance from 2015-2020 - enter the critical holiday season on surprisingly stable footing as resilient consumer spending has offset broader macro-headwinds. The momentum from the stimulus-fueled ‘spending spree' appears likely to carry retailers through the holiday season. Store openings continue to outpace store closings in 2022 by the widest-margin in decades.

Mall REITs: The Bleeding Has Stopped

CHATTANOOGA, Tenn.--( BUSINESS WIRE )--CBL Properties (NYSE: CBL) announced results for the third quarter ended September 30, 2022. Financial results for the periods from January 1, 2021, through September 30, 2021, are referred to as those of the “Predecessor” period. Financial results for the period from January 1, 2022, through September 30, 2022, are referred to as those of the “Successor” period. Results of operations as reported in the consolidated financial statements for these periods are prepared in accordance with GAAP. 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.

CBL Properties Reports Results for Third Quarter 2022

CBL Properties Celebrates the Opening of Von Maur at West Towne Mall in Madison, Wisconsin

Alexandria Real Estate Equities

Global Medical REIT

Prologis

SL Green Realty

A lot of investors fear that REIT are facing a financial collapse. Interest rates are rising even as we are approaching a recession.

Will Your REITs Go Bankrupt?

City Office REIT

Empire State Realty Trust

Franklin Street Properties Corp.

Corporate Office Properties Trust

Retail Value Inc

Wheeler Real Estate Investment Trust

The REIT sector has endured declines in 6 of the first 8 months of 2022, including a -5.29% total return in August. Micro cap REITs (+6.9%) outperformed in August, while large caps (-5.17%), small caps (-6.65%) and mid caps (-7.51%) declined.

The State Of REITs: September 2022 Edition

NASHVILLE, Tenn. , Sept. 15, 2022 /PRNewswire/ -- Susan G.

Susan G. Komen® MORE THAN PINK Walk Raises Money for Breast Cancer Research and Patient Navigation Services in Nashville

AvalonBay Communities

Camden Property

Global Net Lease

STORE Capital

REIT investing is not as easy as it may appear. Most investors make costly mistakes when investing in REITs.

Why You Will Fail As A REIT Investor

BuildABear

These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity's attaining more than 5% in any class of a company's securities.

Build-A-Bear, CBL & Associates See Activist Action

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE: CBL) (“CBL” or the “Company”) announced that its Board of Directors today adopted a Stockholder Protection Rights Agreement (“Rights Agreement”) and declared a dividend of one right on each outstanding share of CBL common stock. The record date to determine stockholders entitled to receive the rights is September 22, 2022. The adoption of the Rights Agreement is intended to protect the long-term interests of CBL and all CBL shareholders

CBL Properties Adopts a Limited Duration Stockholder Protection Rights Agreement

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE: CBL) today announced that Farzana Khaleel will step down as CBL's executive vice president – chief financial officer as of December 31, 2022. CBL also announced that Ben Jaenicke will join the company as executive vice president – finance on September 1st and will begin serving as EVP – CFO as of January 1, 2023. To provide for a smooth transition, Ms. Khaleel will enter into a consulting arrangement with the company to provide advisory

CBL Properties Announces CFO Transition Plan

Ashford Hospitality Trust

Cambria Global Real Estate ETF

Blackstone Group

Healthcare Realty Trust Inc

Industrial Logistics Properties

Nuveen Short-Term REIT ETF

New York City REIT Inc

ALPS Active REIT ETF

Strategic Residential & Apartment Real Estate ETF

Presidio Property Trust

Global X SuperDividend REIT ETF

The REIT sector has achieved gains in only 2 of the first 7 months of 2022, including a +9.74% total return in July. Small cap (+11.68%) and mid cap (+9.09%) REITs had the greatest total returns, while large caps (+8.72%) and micro caps (+6.73%) saw more modest gains in July.

The State Of REITs: August 2022 Edition

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE: CBL) announced results for the second quarter ended June 30, 2022. Financial results for the periods from January 1, 2021, through June 30, 2021, are referred to as those of the “Predecessor” period. Financial results for the period from January 1, 2022, through June 30, 2022, are referred to as those of the “Successor” period. Results of operations as reported in the consolidated financial statements for these periods are prepared in a

CBL Properties Reports Strong Results for Second Quarter 2022

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE: CBL) today announced that Jeff Kivitz has been appointed to the company's board of directors. Mr. Kivitz was also appointed to serve as a member of the company's compensation committee and nominating/corporate governance committee. “Jeff brings great experience to CBL's board of directors,” said Stephen D. Lebovitz, chief executive officer. “We have had the opportunity to get to know and work with Jeff through CBL's restructuring and si

CBL Properties Welcomes Jeff Kivitz to Its Board of Directors

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE:CBL) today announced completed redevelopment projects at Kirkwood Mall in Bismarck, North Dakota; Sunrise Mall in Brownsville, Texas; and Cross Creek Mall in Fayetteville, North Carolina with more planned in the coming months. “Over the last several years, we have invested in our properties to transform vacant anchor space, underutilized parking lots, and land parcels into new, exciting uses that add value to our properties,” said Stephe

CBL Properties Celebrates Completion of Multiple Redevelopment Projects Across Its Portfolio

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE:CBL) today announced that its Board of Directors has established a regular quarterly cash dividend. The Board of Directors declared a dividend of $0.25 per common share, payable in all cash, for the quarter ending June 30, 2022. The dividend, which equates to an annual dividend payment of $1.00 per common share, is payable on July 20, 2022, to shareholders of record as of July 11, 2022. “It is an important milestone for CBL to reestablis

CBL Properties Establishes Regular Quarterly Common Stock Dividend

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE:CBL) today announced that it has partnered with the Tennessee, Mississippi, & Alabama chapter of Susan G. Komen, the world's leading breast cancer organization, to host its MORE THAN PINK walk at two of CBL's premier properties, Hamilton Place in Chattanooga and CoolSprings Galleria in Nashville. “We are thrilled to partner with Susan G. Komen to host the MORE THAN PINK walk at two of CBL's premier properties in Tennessee,” said Mary

CBL Properties Partners With Susan G. Komen to Host ‘MORE THAN PINK' Walk at Hamilton Place in Chattanooga and CoolSprings Galleria in Nashville

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE: CBL) today announced that its wholly owned subsidiary, CBL & Associates Holdco II, LLC, had completed the redemption of all $335.0 million outstanding 10% Senior Secured Notes due 2029 (the “10% Notes”). The redemption was funded utilizing proceeds from a new $360.0 million non-recourse loan secured by a pool of high-quality outparcels and open-air centers. Upon the full redemption of the 10% Notes, the recourse guaranty was elimina

CBL Properties Completes Full Redemption of 10% Senior Secured Notes Utilizing Proceeds From a New $360 Million Non-Recourse Secured Financing

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) today announced that its latest investor presentation is available on its website. The presentation can be accessed under the Investor Relations section of cblproperties.com or by clicking here: CBL Properties June 2022 Investor Presentation About CBL Properties Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's owned

CBL Properties Provides Updated Investor Presentation

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE: CBL) today announced the planned redemption of all $335.0 million outstanding 10% Senior Secured Notes. CBL will fund the redemption utilizing proceeds from a new $360.0 million non-recourse loan to be secured by a pool of high-quality outparcels and open-air centers. “This new financing is a major milestone in the strengthening of CBL and our balance sheet,” said Stephen Lebovitz, chief executive officer, CBL Properties. “It is the lat

CBL Properties Announces Full Redemption of 10% Senior Secured Notes Utilizing Proceeds From a New $360 Million Non-Recourse Secured Financing

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE: CBL) today announced that it has completed a partial redemption of outstanding 10% Senior Secured Notes. The Notes were redeemed utilizing CBL's share of net proceeds from the previously announced new $65.0 million non-recourse loan. “We are thrilled to close this new 10-year fixed-rate loan and complete the partial notes redemption,” said Stephen Lebovitz, chief executive officer, CBL Properties. “The 62% loan-to-value, which is based

CBL Properties Completes Partial Redemption of 10% Senior Secured Notes Utilizing Proceeds From New $65 Million Secured Non-Recourse Financing

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE: CBL) announced results for the first quarter ended March 31, 2022. Financial results for the periods from January 1, 2021, through March 31, 2021, are referred to as those of the “Predecessor” period. Financial results for the period from January 1, 2022, through March 31, 2022, are referred to as those of the “Successor” period. Results of operations as reported in the consolidated financial statements for these periods are prepared in

CBL Properties Reports Results for First Quarter 2022 and Increases Full Year Guidance

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE:CBL) today announced that Jon Meshel has rejoined CBL as senior vice president – redevelopment after spending the last three years overseeing mixed-used redevelopments at Centennial. Prior to joining Centennial in 2019, he spent 20 years at CBL working on all aspects of regional mall and mixed-use projects. “As we ramp up our redevelopment program and focus on more mixed-use projects, Jon's institutional knowledge of CBL, his recent expe

CBL Properties Welcomes Jon Meshel Back to CBL as Senior Vice President – Redevelopment

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE: CBL) today announced that, along with its 50% joint venture partners, it has closed on a new $40.0 million, ten-year, non-recourse loan secured by The Shoppes at Eagle Point, a Publix-anchored shopping center in Cookeville, TN. CBL and its joint venture partner opened the newly developed center in 2018. The new loan bears a fixed interest rate of 5.4%. Proceeds from the new loan were utilized to retire the existing $33.9 million partial

CBL Properties Closes New $40.0 Million Loan Secured by The Shoppes at Eagle Point

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE: CBL) today announced that it has entered into a term sheet for a new $65.0 million non-recourse loan. CBL also announced a partial redemption of outstanding 10% Senior Secured Notes utilizing its share of net proceeds from the new financing and available cash. “This new loan and subsequent partial redemption of the 10% Notes will meaningfully strengthen our balance sheet, reduce our cost of capital, and enhance net cash flow,” said Step

CBL Properties Announces New $65 Million Secured Financing and Anticipated Partial Redemption of 10% Senior Secured Notes

News for CBL & Associates Properties Stock (CBL)