Cbl & Assoc Pptys Inc SEC Filings

CBL & Associates Properties (CBL): Executive Vice President–Accounting Andrew F. Cobb reported open‑market sales of common stock on 10/10/2025. He sold 6,917 shares at a weighted average price of $28.3503 and 451 shares at a weighted average price of $29.064. Following these transactions, he beneficially owned 39,538 shares, including 21,890 shares held in a joint account with his spouse. The sales were executed across multiple trades within disclosed price ranges.

CBL & ASSOCIATES PROPERTIES, INC. reported a proposed sale of 7,368 common shares through NewEdge Securities, Inc. with an aggregate market value of $214,851. The filing lists the approximate sale date as 10/09/2025 and shows 30,933,176 shares outstanding, indicating the planned transaction is a relatively small quantity versus total equity.

The shares to be sold were acquired in three tranches: 156 shares received on 11/01/2021 under the issuer's Chapter 11 reorganization in exchange for old common stock; 5,752 shares from equity awards dated 02/17/2022 with payment/vesting noted on 12/31/2024; and 1,460 shares from equity awards dated 02/17/2023 with payment/vesting on 02/15/2025. The filer certifies no undisclosed material adverse information and no sales in the past three months were reported.

CBL & Associates Properties presents pro forma adjustments reflecting its acquisition of four regional malls for a purchase price of approximately $179.7M (including acquisition costs) with an assumed net working capital deficit credit of $2.7M. The filing shows how the purchase price was allocated to assets and liabilities and how the Acquired Malls' historical results were adjusted for straight-line rent and lease intangibles. It also discloses a modification to the open-air centers and outparcels loan that adds $110.0M of proceeds, bringing the principal to $443.0M, extends initial maturity to October 2030 with a possible final maturity in October 2032, and sets an initial five-year interest profile of 7.70% fixed on about $368.0M and SOFR+410bps on about $75.0M.

CBL & ASSOCIATES PROPERTIES INC (CBL) director David M. Fields reported a sale on 09/30/2025 of 1,623 common shares at a price of $30.22 per share. After the transaction he beneficially owned 18,768 shares in a direct capacity. The Form 4 was signed by an attorney-in-fact on 10/01/2025.

CBL & Associates Properties, Inc. Form 144 notice reports a proposed sale of 5,000 shares of common stock through Edward Jones (Ramsey Walsh) with an aggregate market value of $151,750. The filing shows 30,933,176 shares outstanding for the issuer and lists an approximate sale date of 09/22/2025 on the NYSE. Acquisition details identify 235 shares received on 11/01/2021 under the issuer's Chapter 11 reorganization in exchange for old common stock, and 4,765 shares acquired on 12/15/2021 via equity awards under the 2021 Equity Incentive Plan.

Benjamin W. Jaenicke, EVP and Chief Financial Officer of CBL & Associates Properties, reported a sale of 1,968 shares of CBL common stock on 09/01/2025 at a price of $31.825 per share. After the transaction he beneficially owned 52,630 shares, held directly. The Form 4 was signed on behalf of Mr. Jaenicke by an attorney-in-fact, Jeffery V. Curry, on 09/03/2025. The filing discloses the insider sale and the remaining direct ownership without additional explanatory details.

Benjamin W. Jaenicke, EVP and Chief Financial Officer of CBL & Associates Properties, sold 5,000 shares of CBL on 08/27/2025 at a reported price of $31 per share, leaving him with 54,598 shares beneficially owned. The Form 4 was signed on behalf of Mr. Jaenicke by an attorney-in-fact and filed the next day.

CBL & Associates Properties, Inc. filed a Form 144 notifying the proposed sale of 5,000 common shares through Wells Fargo on the NYSE with an approximate aggregate market value of $155,750. The shares represent securities acquired on 02/15/2023 as an equity award under the issuer's registered 2021 Equity Incentive Plan and were noted as vested on 02/15/2025. The filing lists the approximate date of sale as 08/27/2025 and states there were 30,933,176 shares outstanding. The filer reports no related sales in the past three months and makes the standard representation that they possess no undisclosed material adverse information.

CBL & Associates Properties (NYSE: CBL) – Q2 FY25 10-Q highlights

• Top-line growth: Q2 revenue rose 8.7% YoY to $140.9 m; 1H revenue up 9.2% to $282.7 m, driven by higher rental income across mall and open-air segments.
• Profitability mixed: Q2 net income attributable to the Company declined 42% YoY to $2.8 m (EPS $0.08 vs $0.14) as operating costs (+9.2%) and interest expense (+11.6%) outpaced revenue. 1H net income more than doubled to $11.5 m on $22.9 m of asset-sale gains.
• Balance sheet: Total debt fell 3% YTD to $2.14 bn; weighted-avg coupon eased to 5.95%. Cash & restricted cash improved to $204.5 m (+33%). Equity slipped to $277.5 m on dividend outflow ($49.5 m YTD) and AOCI losses.
• Liquidity & maturities: $817.8 m of debt is scheduled within 12 months (mostly the $666 m secured term loan and three property mortgages). Company met covenants for a one-year term-loan extension; Cross Creek Mall refinanced post-quarter for $78 m fixed-rate debt. Open-air centers loan ($333 m) was modified after quarter-end.
• Portfolio activity: Sold six assets YTD for $77.1 m cash; acquired four Macy’s boxes for $6.2 m. Post-quarter, agreed to buy four malls for $178.9 m and sold The Promenade for $83.1 m.

Overall, CBL is generating modest NOI growth and using asset sales to de-leverage, but rising interest expense, sizable near-term maturities and property-level defaults (Southpark Mall, Laredo outlet) temper the outlook.