Cbl & Assoc Pptys Inc Stock Price, News & Analysis

CBL Properties (NYSE:CBL) announced that Primark officially opened at CoolSprings Galleria in Nashville, Tennessee, with a weekend launch beginning October 30, 2025. The new 35,000-square-foot store is Primark’s second in Tennessee and the first Primark in CBL’s portfolio. Opening weekend included live music, giveaways, and a special appearance by character Bluey. CBL noted CoolSprings Galleria as a premier property and highlighted recent additions such as LEGO, LoveSac, and Miss A, with Vans expected to open this winter.

CBL Properties (NYSE:CBL) announced a regular cash dividend of $0.45 per common share for the quarter ending December 31, 2025. The dividend is payable on December 11, 2025 to shareholders of record as of November 25, 2025. The regular quarterly dividend annualizes to $1.80 per common share. The company previously paid a special cash dividend of $0.80 per share on March 31, 2025.

CBL Properties (NYSE:CBL) closed the sale of its interest in Fremaux Town Center, a roughly 640,000-square-foot open-air center in Slidell, LA, to its joint venture partner Stirling on October 24, 2025. The company received $30.77 million net cash proceeds and eliminated $35.0 million of property-specific debt. The transaction carried an 8.2% cap rate. Management said the sale highlights the value of CBL’s open-air portfolio, reduces joint venture exposure, simplifies ownership, and generates cash to pursue higher-yield opportunities including potential acquisitions and share repurchases.

CBL Properties (NYSE:CBL) has completed nearly $158.0 million in financing activity across three transactions, adding to their previously announced $520 million financing in 2025. The transactions include:

1) A new $43.0 million loan for The Pavilion at Port Orange with a 5.9% fixed rate, improving from 7.57%
2) Restructuring of Coastal Grand's loan, reducing principal by $5.0 million to $88.0 million at 5.09% interest
3) A 9-month extension of $26.7 million loan for York Town Center at 6.0% interest

CEO Stephen D. Lebovitz highlighted the improving retail real estate financing markets and the positive impact on CBL's balance sheet through extended maturities and favorable rates.

CBL Properties (NYSE:CBL) has announced the opening of a new Element Hotel by Westin at Mayfaire Town Center in Wilmington, North Carolina. The 139-key hotel is structured as a 49/51 joint venture between CBL and Vision Hospitality.

The hotel opening follows significant retail expansion at Mayfaire Town Center, which has added over 100,000 square feet of new retail, restaurants, and services since 2024. The property attracts 5.4 million visitors annually and has welcomed several new-to-market retailers including Free People, Warby Parker, and Dave & Busters, while existing tenants like lululemon have expanded their presence.

CBL Properties (NYSE:CBL) reported Q2 2025 results, highlighted by a significant acquisition of four regional malls for $178.9 million from Washington Prime Group. The company's FFO, as adjusted, was $1.86 per share in Q2 2025, up from $1.73 in Q2 2024.

Key financial metrics include a 0.5% decline in same-center NOI and portfolio occupancy increase of 10 basis points to 88.8%. The company executed over 1.2 million square feet of leases with a 3.2% increase in average rents for comparable leases. The Board approved a 12.5% increase in quarterly dividend to $0.45 per share.

Notable transactions include the $83.1 million sale of The Promenade and a new $78.0 million loan for Cross Creek Mall at 6.856% interest rate. Same-center tenant sales increased 3.5% in Q2 2025 compared to the prior year.

CBL Properties (NYSE:CBL) has announced a 12.5% increase in its quarterly dividend to $0.45 per common share for Q3 2025. The increased dividend, which amounts to an annual rate of $1.80 per share, will be paid on September 30, 2025, to shareholders of record as of September 15, 2025.

The dividend hike follows a special dividend of $0.80 per share paid in March and reflects the positive impact of CBL's recent portfolio acquisition. CEO Stephen D. Lebovitz highlighted that this increase allows shareholders to benefit from the immediate accretion of their recent portfolio expansion.

CBL Properties (NYSE:CBL) has acquired four dominant enclosed regional malls from Washington Prime Group for $178.9 million. The acquisition includes Ashland Town Center (KY), Mesa Mall (CO), Paddock Mall (FL), and Southgate Mall (MT).

The company has modified its existing non-recourse loan with Beal Bank USA, increasing the principal balance by $110.0 million to $443.0 million. The new loan structure features a seven-year term with a 7.70% fixed interest rate on $368.0 million and a floating rate on the remaining $75.0 million.

This strategic move follows CBL's recent dispositions of $241 million in non-core assets during 2024-2025, including the $83.1 million sale of The Promenade in D'Iberville, MS. The acquisition is expected to be immediately accretive to CBL's cash flow per share and FFO.