CBL & Associates authorizes up to $25M stock buyback
The authorization sets a ceiling rather than a purchase commitment, and CBL may suspend or discontinue the program at its discretion.
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Rhea-AI Filing Summary
CBL & Associates Properties authorized a new common stock repurchase program of up to $25.0 million, replacing the program authorized on November 5, 2025. CBL may make purchases from time to time on the open market, in privately negotiated transactions or otherwise, depending on market prices and other conditions, through December 31, 2027. The program does not obligate CBL to buy a particular amount and may be suspended or discontinued at any time.
In announcing the program, Chief Executive Officer Stephen D. Lebovitz said CBL had a cash balance of over $366.0 million and no major debt maturities until 2028.
8-K Event Classification
Key Figures
Key Terms
stock repurchase program financial
capital allocation financial
forward-looking statements regulatory
FAQ
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How much stock can CBL repurchase under the new program?
Does CBL have to complete the $25.0 million repurchase program?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On November 4, 2026, the Company issued a press release announcing that the Company’s Board of Directors authorized a new common stock repurchase program. The new common stock repurchase program replaces the existing program authorized on November 5, 2025. Under the new common stock repurchase program, the Company may purchase up to $25.0 million of its common stock from time to time on the open market, in privately negotiated transactions or otherwise, depending on market prices and other conditions, through December 31, 2027.
A copy of the press release announcing the repurchase program is attached hereto as Exhibit 99.1, and is incorporated herein by reference and constitutes part of this report.
Item 9.01 Financial Statements and Exhibits.
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99.1 |
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Press Release – CBL Properties Announces a New $25.0 Million Stock Repurchase Plan. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CBL & Associates Properties, Inc. |
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November 4, 2026 |
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/s/ Benjamin W. Jaenicke |
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Benjamin W. Jaenicke |
Exhibit 99.1
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News Release
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Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com
CBL PROPERTIES ANNOUNCES $25.0 MILLION STOCK REPURCHASE PLAN
CHATTANOOGA, Tenn. (November 4, 2026) – CBL Properties (NYSE:CBL) today announced that its Board of Directors authorized a new stock repurchase program for the Company to buy up to $25.0 million of its common stock.
“We believe our shares are undervalued relative to the quality of our portfolio and the cash flow it produces, making this new $25.0 million repurchase program an attractive capital allocation opportunity,” said Stephen D. Lebovitz, CBL’s Chief Executive Officer. “Our focus remains on deploying capital to maximize long-term shareholder value. With a stronger balance sheet, no major debt maturities until 2028, and a cash balance of over $366.0 million, we are well positioned to buy back shares while exploring additional opportunities to create value for shareholders.”
Repurchase Program
The Company plans to repurchase shares from time to time on the open market, in privately negotiated transactions or otherwise, depending on market prices and other conditions and all in compliance with the rules of the United States Securities and Exchange Commission and other applicable legal requirements.
The size and timing of any purchases will depend on a number of factors, including share price, general business and market conditions, and other factors. The repurchase program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion. Purchases may be made through the program by December 31, 2027.
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 85 properties totaling 54.8 million square feet across 23 states, including 54 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 20 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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