CBL Properties Declares First Quarter Regular Dividend and Special Cash Common Stock Dividend

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a regular cash dividend of $0.40 per common share for the quarter ending March 31, 2025. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on March 31, 2025, to shareholders of record as of March 13, 2025.

CBL’s Board of Directors has also declared a special cash dividend of $0.80 per common share. The special dividend is required to remain in compliance with U.S. federal income tax rules for real estate investment trusts (“REITs”). The special dividend is payable on March 31, 2025, to shareholders of record as of March 13, 2025.

“2024 was an excellent year for CBL,” said Stephen D. Lebovitz, CBL’s CEO. “We executed operational improvements, generated stable NOI and strong cash flow and made major strides in improving our balance sheet. We are pleased to demonstrate our commitment to sharing CBL’s value creation with shareholders through the continuation of our regular dividend as well as this special additional distribution.”

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 89 properties totaling 56.2 million square feet across 21 states, including 54 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com.

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

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Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com

Source: CBL Properties