Cbl & Assoc Pptys Inc Stock Price, News & Analysis

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.

CBL Properties (NYSE:CBL) has completed the sale of The Promenade, a 621,000-square-foot open-air shopping center in D'Iberville, MS, for $83.1 million at an 8.5% cap rate. The all-cash transaction demonstrates the value of CBL's open-air portfolio, which CEO Stephen D. Lebovitz notes has been undervalued by the market.

The company plans to reinvest the proceeds into higher-yielding opportunities as part of its portfolio optimization strategy. Management aims to continue monetizing non-core assets and reinvesting in opportunities that will enhance NOI, FFO, and cash flow, ultimately strengthening the portfolio and increasing shareholder value.

CBL Properties (NYSE:CBL) has secured a new $78.0 million non-recourse CMBS loan for Cross Creek Mall in Fayetteville, NC. The five-year loan features a fixed interest rate of 6.856%, replacing an existing $81.9 million loan with an 8.19% rate due in August 2025.

The refinancing represents a significant interest rate reduction of 135 basis points. Cross Creek Mall demonstrates strong performance with sales of over $480 per square foot and a 99% occupancy rate. This financing aligns with CBL's non-recourse strategy to enhance its balance sheet and improve cash flow through extended debt maturities and reduced interest expenses.

CBL Properties (NYSE: CBL) reported its Q1 2025 results with FFO, as adjusted, per share at $1.50, flat compared to Q1 2024. The company completed dispositions worth $73.3 million, including the sales of Monroeville Mall ($34.0M) and Imperial Valley Mall ($38.1M). Portfolio occupancy improved to 90.4%, up 100 basis points year-over-year. Same-center NOI declined 2.3%, while same-center tenant sales decreased 1.6%. The company executed nearly 575,000 square feet of leases, with new comparable leases showing a 21.5% rent increase. CBL declared a regular quarterly dividend of $0.40 per share and announced a $25 million stock repurchase program. The company successfully extended its non-recourse term loan to November 2026 and maintained its 2025 FFO guidance range of $6.98-$7.34 per share.

CBL Properties (NYSE:CBL) has announced a $25 million stock repurchase program authorized by its Board of Directors. The program, which runs until May 1, 2026, allows the company to purchase its common stock through open market or private transactions. CEO Stephen Lebovitz emphasized that this initiative, alongside their recent special dividend and regular quarterly dividends, demonstrates their commitment to maximizing shareholder returns. The company cites its strong cash balance and significant cash flow generation as key enablers for this program. The timing and volume of purchases will be determined by factors including share price and market conditions, with the company maintaining discretion to suspend or discontinue the program at any time.

CBL Properties (NYSE:CBL) has announced a regular quarterly cash dividend of $0.40 per common share for Q2 2025, payable on June 30, 2025, to shareholders of record as of June 13, 2025. The regular dividend amounts to an annual payment of $1.60 per common share. Additionally, the company previously distributed a special cash dividend of $0.80 per share on March 31, 2025.

CBL Properties has successfully met its term loan extension test by reducing the principal balance to $668.3 million, securing a one-year extension from November 2025 to November 2026. The company anticipates meeting the second extension test requirement of a $615 million principal balance in 2026 through natural amortization, which would enable another one-year extension to November 2027.

CEO Stephen D. Lebovitz highlighted that this achievement stems from their strategy of derisking the term loan through asset sales of term loan collateral. This approach has allowed CBL to:

• Retain parent company cash
• Demonstrate disciplined financial management
• Ensure long-term flexibility

CBL Properties (NYSE:CBL) is expanding its Friendly Center in Greensboro, North Carolina with four new restaurants and two retail additions. The new dining options include:

• Cooper's Hawk (10,000 sq ft Napa-style tasting room)
• First Watch (4,000 sq ft breakfast and brunch restaurant)
• North Italia (6,000 sq ft Italian restaurant)
• Tous les Jours (French artisan bakery)

The retail expansion includes LEGO and Rowan piercing studio. All restaurants are scheduled to open by end of 2025, while the retail stores will open later this year. Friendly Center, one of CBL's top-performing properties, already hosts market-exclusive tenants like Anthropologie, Pottery Barn, lululemon, Warby Parker, Carhartt, and J. Crew Factory.