Cbl & Assoc Pptys Inc Stock Price, News & Analysis

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.

CBL Properties (NYSE: CBL) announced several key officer promotions, strengthening its leadership team. Karen Walker was elevated to Senior Vice President of Technology Solutions, while five others were promoted to Vice President positions:

• Janine Atiyeh - VP of People & Culture
• Greg Gibson - VP of Financial Operations
• Rachel Hanan - VP of Financial Operations
• Tracy Robbins-Laws - VP of Operations Services
• David Robinson - VP of Mixed Use

These promotions recognize the individuals' significant contributions, leadership, and commitment to CBL's success. Each promoted officer brings extensive experience and expertise in their respective areas, from technology solutions and human resources to financial operations and mixed-use development.

CBL Properties (NYSE:CBL) has announced the successful sale of Imperial Valley Mall in El Centro, CA, for $38.1 million in an all-cash transaction. The property was collateral under CBL's non-recourse term loan, and the net proceeds were applied to reduce the term loan principal balance to $630.8 million.

CEO Stephen D. Lebovitz highlighted that this sale demonstrates continued demand for stable enclosed malls and positions CBL to meet the non-recourse term loan principal balance extension test in November 2025 without requiring additional capital beyond required amortization. The transaction has contributed to strengthening CBL's balance sheet by reducing total debt and extending their maturity schedule.

CBL Properties (NYSE:CBL) has successfully completed the sale of Imperial Valley Mall in El Centro, CA, for $38.1 million in an all-cash transaction. The mall property, which served as collateral under CBL's non-recourse term loan, generated net proceeds that were applied to reduce the term loan principal balance to $680.3 million.

CEO Stephen D. Lebovitz highlighted that this sale demonstrates continued demand for stable enclosed malls and positions CBL to meet its non-recourse term loan principal balance extension test in November 2025 without requiring additional capital beyond scheduled amortization. The transaction has contributed to strengthening CBL's balance sheet by reducing total debt and extending their maturity schedule.