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.

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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's latest 3Q results were mediocre, with some metrics improving, but others were very disappointing. CBL exited Ch.11 bankruptcy with an irrational reorganization plan. Too many of their retail store tenants face a bleak future.

Former Bankrupt Mall REIT CBL & Associates Properties Is Still Struggling

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 (OTCMKTS:CBLAQ) today announced members of the Board of Directors selected to serve following its emergence from Chapter 11 on November 1st. Jonathan Heller, Partner and head of the New York office of Canyon Partners, who joined the CBL Board on October 15, as well as Stephen Lebovitz and Charles Lebovitz, will continue serving as Directors. In addition, five new Directors will join the Board: Marjorie Bowen, David Contis, David Fields, Robert

CBL Properties Introduces Post-Emergence Board of Directors

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (OTCMKTS:CBLAQ) today announced that Jonathan Heller has been appointed to the company's board of directors. “We are pleased to welcome Jonathan to CBL's board of directors,” said Stephen D. Lebovitz, chief executive officer. “As we move towards emerging from bankruptcy on November 1st, we believe Jonathan's involvement in, and knowledge gained through, the restructuring negotiations will help provide a smooth transition to our new post-emerge

Jonathan Heller Joins CBL Properties' Board of Directors

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (OTCMKTS:CBLAQ) today announced that it closed on two strategic asset sales generating gross proceeds of approximately $13.75 million. The Company has closed the sale of the former Sears building at Harford Mall in Bel Air, Maryland to SJC Ventures, generating $5.0 million of gross proceeds. SJC Ventures plans to utilize the land for a future grocery-anchored redevelopment. “The redevelopment of Harford Mall's former Sears building by SJC Vent

CBL Properties Generates $13.75 Million From Recently Closed Asset Sales

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Big Box Is Back: The COVID pandemic has radically transformed consumer spending habits - perhaps permanently - shifting spending towards goods over services and towards larger-format retailers over smaller shops. While enclosed regional malls face a long and uncertain road to recovery, the outlook for open-air Shopping Center REITs has brightened considerably this year. Recent earnings results have been impressive.

Shopping Center REITs: Big Box Boom

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (OTCMKTS:CBLAQ) today announced the grand opening of Hollywood Casino, a nearly $120 million entertainment destination developed by Penn National Gaming (PNG), in the lower level of the former Sears location at CBL's York Galleria Mall, in York, Pennsylvania. The new casino features 500 of the latest high-tech slots and approximately 24 live-action table games, as well as industry-leading Barstool Sportsbook and Racebook. The nearly 80,000-squ

CBL Properties Celebrates Opening of Hollywood Casino at York Galleria Mall in York, Pennsylvania

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (OTCMKTS: CBLAQ) announced results for the second quarter ended June 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.     Three Months Ended June 30,     Six Months Ended June 30,       2021     2020     %     2021     2020     %   Net loss attributable to common shareholders per diluted share   $ (0.05 )

CBL Properties Reports Results for Second Quarter 2021

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (OTCMKTS:CBLAQ) and partner Vision Hospitality Group, Inc. celebrated the grand opening of Aloft by Marriott hotel as part of the Hamilton Place Sears redevelopment project. The 135-room hotel features a one-of-a-kind rooftop bar with sweeping views of the surrounding landscape, a pool, and local favorite Mean Mug Coffeehouse on the ground floor. “We are thrilled to celebrate the opening of Chattanooga's only Aloft by Marriott hotel and the fi

CBL Properties and Vision Hospitality Group Celebrate the Opening of Aloft by Marriott Hotel at Hamilton Place in Chattanooga, Tennessee

News for CBL & Associates Properties Stock (CBLAQ)