Welcome to our dedicated page for Cbl & Assoc Pptys news (Ticker: CBL), a resource for investors and traders seeking the latest updates and insights on Cbl & Assoc Pptys stock.
CBL & Associates Properties Inc (NYSE: CBL) is a leading retail-focused REIT managing a national portfolio of shopping centers and mixed-use properties. This news hub provides investors and industry professionals with timely updates on corporate developments, financial disclosures, and strategic initiatives shaping the commercial real estate sector.
Access authoritative coverage of CBL's quarterly earnings reports, property acquisitions, tenant lease agreements, and redevelopment projects. Our curated news collection simplifies tracking operational milestones across CBL's 50+ properties, including regional malls, outlet centers, and lifestyle destinations.
Key updates include earnings call analyses, sustainability initiatives, leadership changes, and partnership announcements. Bookmark this page for direct access to SEC filings, investor presentations, and market commentary relevant to CBL's position in the evolving retail real estate landscape.
CBL Properties (NYSE: CBL) has declared a special cash dividend of $2.20 per share, amounting to approximately $70 million. This dividend is payable on January 18, 2023, to stockholders of record as of December 12, 2022. CBL aims to enhance shareholder value, with total distributions for 2022 reaching $2.95 per share, reflecting over 10.1% yield. The decision aligns with CBL's strong performance and free cash flow generation, fulfilling the requirement to distribute at least 90% of its taxable income as a real estate investment trust.
CBL Properties reported improved financial results for Q3 2022, with a net loss attributed to common shareholders of $14.5 million, a significant improvement from $41.7 million in Q3 2021. Funds from Operations (FFO), as adjusted, was $59 million compared to $95.3 million in the prior year. Full-year guidance for FFO is raised to $7.40 - $7.67 per share, and same-center NOI is increased by $8 million to $424 - $438 million. Portfolio occupancy rose to 90.5%, reflecting a 210-basis point increase year-over-year, while tenant sales per square foot improved by 2.1%. A $0.25 dividend per share was declared for Q4.
CBL Properties (NYSE: CBL) has declared a dividend of
Susan G. Komen will host the MORE THAN PINK Walk on October 15, 2022, at CoolSprings Galleria in Nashville to fund critical breast cancer initiatives. This event aims to raise funds for research, patient navigation, and support services. Key sponsors include CBL Properties, Walgreens, and Bank of America. Activities will feature Zumba, mobile mammography, survivor speeches, and a celebration at the mall. The Power of ONE Week will precede the Walk, featuring events from October 10-14 to further engage the community.
CBL Properties (NYSE: CBL) has adopted a Stockholder Protection Rights Agreement, declaring a dividend of one right for each outstanding share. The record date for stockholders is September 22, 2022. This agreement aims to safeguard shareholders' interests against potential control by entities accumulating 10% or more of CBL’s shares. CBL has made strides since emerging from bankruptcy in November 2021, enhancing financial strength through refinancing efforts, leading to strong cash flows and regular dividends. The rights will expire on September 8, 2023.
CBL Properties announces the appointment of Ben Jaenicke as CFO effective January 1, 2023, following the departure of Farzana Khaleel on December 31, 2022. Jaenicke, with over a decade of experience in real estate investment banking, previously worked at Wells Fargo Securities and Eastdil Secured, focusing on strategic transactions and capital planning. The transition includes Khaleel's consulting arrangement through March 31, 2023, ensuring stability during this period. CBL oversees a portfolio of 95 properties totaling 59.6 million square feet.
CBL Properties (NYSE: CBL) reported its second-quarter results for the period ended June 30, 2022. The company faced a net loss of $41.6 million, increasing 368.3% from $8.9 million in the prior year. Funds from Operations (FFO) decreased by 39.1% to $30.9 million, with adjusted FFO at $59.9 million, down 24.7%. Despite these losses, the portfolio occupancy improved to 89.5%, up 250 basis points year-over-year. The board declared a $0.25 cash dividend for Q2 and Q3 2022, benefiting shareholders. Additionally, CBL successfully completed $663 million in financing, enhancing financial flexibility.
CBL Properties (NYSE: CBL) has declared a quarterly dividend of $0.25 per common share for Q3 2022, which is payable in cash on September 30, 2022. The annualized dividend totals $1.00 per share. Additionally, the company plans to issue a special one-time dividend ranging from $75 million to $100 million based on revised taxable income projections by the end of 2022. The exact amount will be determined by the board and could be distributed as cash or a mix of cash and stock.
CBL Properties (NYSE: CBL) has appointed Jeff Kivitz to its board of directors, along with his roles in the compensation and nominating/corporate governance committees. CEO Stephen D. Lebovitz highlighted Kivitz's significant experience, especially through his role at Canyon Partners, CBL's primary shareholder. Kivitz, a Partner at Canyon Partners, previously worked at Bain & Company, advising on buyouts and corporate strategy. CBL owns a diverse portfolio of 95 retail properties across 24 states, encompassing 59.6 million square feet.
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