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

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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.

CBL Properties experienced increased portfolio occupancy by 150 basis points to 89.8% in Q1 2023 as compared to 88.3% YoY. The decrease in same-center NOI and FFO per share, along with declining tenant sales per square foot, suggest that challenges persist. The company has been trading between 1.45x and 2.3x its book value since the pandemic shock. At the moment, it trades at 2.02x its book value.

CBL & Associates Properties: Back In The Game But Far From Winning It

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced the promotion of three executive leaders: Katie Reinsmidt was promoted to Executive Vice President – Chief Operating Officer, Jennifer Cope to Executive Vice President – Operations Services & Risk Management and Joseph Khalili to Executive Vice President – Financial Planning & Analysis. In the newly created position of EVP-COO, Katie Reinsmidt will oversee the operations of the Company's portfolio, driving st.

CBL Properties Names Katie Reinsmidt COO and Announces Other Key Executive Promotions

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) announced results for the first quarter ended March 31, 2023. 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.             Three Months Ended March 31,       2023     2022   N.

CBL Properties Reports Results for First Quarter 2023

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With recent distress across office markets seizing the headlines, Mall REITs are no longer the "Problem Child" of the REIT sector, particularly after weaker players and lower-tier malls closed shop. Following three years of rental rate and occupancy declines, the supply-demand dynamic has recently favored retail landlords, rewarding many retail REITs with some long-elusive pricing power.

Mall REITs: Only The Strong Shall Survive

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that Derek Young has joined CBL as the company's initial vice president – ESG. Prior to joining CBL, Young spent more than six years at Summit Strategy Group, a California-based corporate consultancy specializing in public affairs, Environment, Social and Governance (ESG), and healthcare. “I am pleased to welcome Derek to CBL.

CBL Properties Welcomes Derek Young to CBL as Vice President - ESG

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today provided an update on recent financing activity, including details on nearly $305 million in closed transactions. Today, CBL and its 50% joint venture partner closed a new $148.0 million loan ($74.0 million at CBL's 50% share) secured by Friendly Center and The Shops at Friendly Center, the premier lifestyle center located in Greensboro, NC. The new non-recourse five-year loan bears a fixed interest rate of 6.

CBL Properties Closes Nearly $305 Million in Financings

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) and Nordstrom Inc. today announced that Nordstrom Rack will celebrate its grand opening on Thursday, May 18, at The Terrace, an open-air center in Chattanooga, TN. The 24,000 square-foot store will be Nordstrom Rack's third location in the state and the fourth Nordstrom concept in Tennessee.

Nordstrom Rack Sets Opening Date at The Terrace at Hamilton Place in Chattanooga, Tennessee

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CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced the promotions of Randy Owens to Senior Vice President – Leasing and Jason Shelton to Vice President – Leasing. “Throughout their careers at CBL, Randy and Jason have positioned themselves as well-respected leaders within the industry and the CBL organization. Both have played an integral role in managing our national accounts, new leasing, and renewal negotiations,” said Stephen Lebovitz, CBL Properties.

CBL Properties Announces Promotions

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) announced results for the fourth quarter and year ended December 31, 2022. Financial results for the periods from January 1, 2021, through October 31, 2021, and for the month ended October 31, 2021, are referred to as those of the “Predecessor” period.

CBL Properties Reports Results for Fourth Quarter and Full-Year 2022

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U.S. equity markets were mixed on a choppy week as investors readjusted expectations for inflation and interest rates following data indicating an uptick in economic activity and persisting price pressures. Posting its first back-to-back weekly declines of the year, the S&P 500 slipped 0.2% this week, but other major benchmarks fared better. The Mid-Cap 400 and Small-Cap 600 both gained.

Risks Of 'No Landing'

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a cash dividend of $0.375 per common share for the quarter ending March 31, 2023, a 50% increase from the previous quarterly dividend rate of $0.25 per share. The dividend, which equates to an annual dividend payment of $1.50 per common share, is payable on March 31, 2023, to shareholders of record as of March 15, 2023.

CBL Properties Increases Quarterly Dividend by 50%

The "new" CBL & Associates has been out of bankruptcy for over a year now and healthy enough to start a regular dividend once again. CBL's plans for redevelopment include expanding beyond its historical focus on shopping malls, and it is making small forays into hospitality and health care.

CBL & Associates Properties: A Fresh Start, But Not Yet Appealing

CHATTANOOGA, Tenn.--( BUSINESS WIRE )--CBL Properties (NYSE:CBL) today announced that Kaj Vazales has notified the Company of his resignation from CBL's Board of Directors effective January 26, 2023, and the Board has accepted his resignation. The departure is the result of a change in Mr. Vazales' principal occupation. Mr. Vazales formerly served as Managing Director and Co-Head of North America for Oaktree's Global Operations Strategy. He joined CBL's board in November 2021, following CBL's successful restructuring.

CBL Properties Announces the Resignation of Kaj Vazales From Its Board of Directors

CHATTANOOGA, Tenn.--( BUSINESS WIRE )--CBL Properties (NYSE:CBL) today announced that Jonathan Heller is resigning as Chairman of the Board, effective January 25, 2023. Mr. Heller notified the Company that he is stepping down as Chairman to focus his time and energy on building his new investment firm, Helix Partners. Mr. Heller joined CBL's board in October 2021 and became its Chairman in November 2021, in conjunction with CBL's successful restructuring.

CBL Properties Announces the Resignation of Jonathan Heller From Its Board of Directors

CHATTANOOGA, Tenn.--( BUSINESS WIRE )--CBL Properties (NYSE:CBL) today announced tax reporting (Federal 1099) information for the 2022 distributions on its Common stock.

CBL Properties Announces Tax Reporting Information for 2022 Common Stock Dividends

CHATTANOOGA, Tenn.--( BUSINESS WIRE )--CBL Properties (NYSE:CBL) and Vision Hospitality Group, Inc. today announced plans to develop a 139-room Element by Westin at Mayfaire Town Center in Wilmington, North Carolina. The new hotel marks the brand's entrance into the Wilmington market. The 83,000-square-foot hotel will be located on International Drive.

CBL Properties and Vision Hospitality Group Announce Development of an Element Hotel by Westin® at Mayfaire Town Center in Wilmington, North Carolina

CHATTANOOGA, Tenn.--( BUSINESS WIRE )--CBL Properties (NYSE:CBL) today announced that more than 1 million square feet of new retail, dining, entertainment, and other uses have opened across its portfolio since January.

CBL Properties Opens More Than 1 Million Square Feet of New Retail, Dining, Entertainment and Other Uses in 2022 With More in Store For 2023

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WILMINGTON, Del.--( BUSINESS WIRE )--Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities violations and breach of fiduciary duty claims against CBL & Associates Properties, Inc. (“CBL” or the “Company”)(NYSE: CBL).

CBL SHAREHOLDER ALERT - Andrews & Springer LLC Is Investigating CBL & Associates Properties, Inc. For Potential Securities Violations and Breaches of Fiduciary Duty - CBL

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CHATTANOOGA, Tenn.--( BUSINESS WIRE )--CBL Properties (NYSE:CBL) today announced that a wide range of retailers, restaurants, and other uses that offer visitors unique, one-of-a-kind experiences and gifts have opened in properties across its portfolio, and are available for only a short time during the holiday season.

Locally Owned Businesses Fill CBL's Properties With Unique Experiences and Offerings for the Holiday Season

CHATTANOOGA, Tenn.--( BUSINESS WIRE )--CBL Properties (NYSE:CBL) today announced the addition of Tilt Studios to its two North Dakota properties, Dakota Square in Minot and Kirkwood Mall in Bismarck, as well as Stars and Strikes at Coastal Grand in Myrtle Beach, South Carolina, and Main Event at Cross Creek Mall in Fayetteville, North Carolina.

CBL Properties to Add Four Entertainment Centers at Malls in North Dakota, North Carolina and South Carolina

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