CBL & Associates Properties filings document the REIT’s retail real estate portfolio, operating results, capital structure and governance. Earnings-related 8-K filings include supplemental financial and operating information such as funds from operations, same-center net operating income, rental revenue components, property lists, leasing activity, average base rents, tenant concentration, capital expenditures and debt maturity schedules.
CBL’s material-event filings also record property-secured non-recourse loan agreements, refinancing activity, financial covenants, collateral pools and common stock repurchase authorizations. Proxy and compensation filings describe board matters, executive compensation programs, equity awards and shareholder voting items for the company’s NYSE-listed common stock.
CBL & Associates Properties, Inc. reported sharply higher results for the quarter ended March 31, 2026. Net income rose to $46.4 million from $8.4 million, and net income attributable to common shareholders increased to $45.4 million, or $1.50 basic EPS, versus $0.27 a year earlier.
Total revenues grew modestly to $146.0 million from $141.8 million, helped by higher rental revenue and contributions from recently acquired malls. Results were boosted by a $35.3 million gain on deconsolidation of Jefferson Mall and lower depreciation and interest expense, while gains on property sales declined sharply.
Same-center NOI, which strips out acquisitions, dispositions and certain adjustments, edged up to $96.6 million from $94.6 million, indicating underlying portfolio stability. The company refinanced its $634.0 million secured term loan with a new $425.0 million fixed-rate mall loan due 2031 and a $176.1 million variable-rate lifestyle centers loan due 2032, extending maturities.
CBL also acquired Gateway Mall in Lincoln, Nebraska for approximately $43.8 million, funded in part by a new $21.0 million non-recourse loan. Cash, cash equivalents and restricted cash increased to $212.7 million, while mortgage and other indebtedness, net, declined to $2.08 billion, reflecting refinancing activity and selective deconsolidation of assets.
CBL Properties reported a strong first quarter of 2026, with diluted EPS rising to $1.48 from $0.27 and FFO per diluted share climbing to $2.78 from $1.13. FFO, as adjusted, per share increased 15% to $1.73, supported by higher rental revenues and lower expenses.
Same-center NOI grew 2.1% to $96.6 million, tenant sales per square foot rose 4.6% to $453, and portfolio occupancy improved to 90.5%. CBL refinanced $634 million of term debt, boosting expected annual free cash flow by more than $30 million, raised its quarterly dividend 39% to $0.625 per share, and acquired Gateway Mall for $43.5 million while maintaining a solid liquidity position with $305.5 million of unrestricted cash and marketable securities.
CBL & Associates Properties, Inc. is holding its 2026 annual meeting of shareholders as a fully virtual event on May 21, 2026 at 2:00 p.m. EDT. Shareholders of record at the close of business on April 7, 2026 may participate online, vote, and submit questions using a 16‑digit control number.
Owners of the company’s 30,944,792 outstanding common shares as of the record date will vote on three main items: re‑electing seven directors for one‑year terms, ratifying Deloitte & Touche LLP as independent auditor for the year ending December 31, 2026, and approving on an advisory basis the compensation of named executive officers. The board unanimously recommends voting “for” all proposals.
The board remains highly independent, with six of seven nominees classified as independent and a separate non‑executive chair. Governance features include majority voting and a resignation policy in uncontested elections, robust stock ownership requirements for directors and executives, fully independent key committees, and explicit prohibitions on hedging, pledging, and margin lending involving company shares.
CBL & Associates Properties Inc. Chief Legal Officer and Secretary Jeffery V. Curry reported a bona fide gift of 2,476 shares of Common Stock. The transfer carried a reported price of $0.00 per share, indicating no sale proceeds. After this gift, Curry reports holding 145,499 shares, including 71,562 shares in a joint account with his spouse and a portion in a retirement account, so his overall ownership position remains substantial despite the charitable disposition.
CBL & ASSOCIATES PROPERTIES INC Chief Legal Officer & Secretary Jeffery V. Curry reported a bona fide gift of 3,000 shares of Common Stock on April 6, 2026. After this charitable transfer, he directly owns 147,975 shares, including 71,562 shares held in a joint account with his spouse and a portion in his retirement account.
CBL & Associates Properties, Inc. completed a major refinancing by entering into a new $176 million floating-rate, non-recourse loan with Beal Bank USA secured by four retail properties. Together with a previously closed $425 million non-recourse financing, this replaces the former secured term loan, extends its maturity by five years to 2031, improves estimated annual free cash flow by more than $30 million, and reduces overall debt by more than $33 million.
Following the refinancing, CBL’s estimated cash balance exceeds $291 million. The board approved a special cash dividend of $0.175 per common share for the first quarter of 2026, in addition to the previously declared $0.45 dividend, for a total quarterly dividend of $0.625, a 39% increase and equivalent to an annualized rate of $2.50 per share, subject to ongoing board decisions. The compensation committee also approved one-time transaction bonuses of $250,000 for the CFO and $25,000 for the COO for their work on the refinancing.
CBL & Associates Properties Inc. reporting person The Vanguard Group filed an amendment disclosing zero beneficial ownership of Common Stock and 0% of the class. The filing notes an internal realignment on January 12, 2026 that led certain Vanguard subsidiaries to report separately. The statement is signed by Ashley Grim on 03/26/2026.
CBL & Associates Properties, Inc. refinanced a large portion of its existing secured debt by entering into a new $425 million non-recourse loan with Goldman Sachs Bank USA. The loan is secured by a pool of primarily mall properties that previously collateralized the Company’s $634 million secured term loan.
The new financing has a five-year term, maturing in April 2031, and carries a fixed interest rate of 7.40%. Proceeds were used to retire part of the prior term loan, effectively reshaping the Company’s debt profile while keeping the same asset pool as collateral.
The agreement includes a minimum debt yield covenant, other customary financial and operating covenants, and standard events of default. The loan can be prepaid in full without penalty during the twelve months before maturity upon 30 days’ notice, giving the Company some flexibility if conditions improve.
CBL & Associates Properties, Inc. is a self-managed retail REIT that owns, develops and operates malls, outlet, lifestyle and open-air centers, primarily in the Southeast and Midwest. As of December 31, 2025 it had 30,322,052 common shares issued and outstanding and operates through its Operating Partnership structure.
The company’s top five markets, led by Chattanooga and St. Louis, and its 25 largest tenants generated 34.15% of total revenues, highlighting geographic and tenant concentration. CBL details strategies focused on internal growth, redevelopment and balance sheet management, while outlining extensive risk factors including inflation, e‑commerce competition, climate and environmental regulation, cybersecurity, AI use, and tenant/financing pressures typical for retail real estate.
CBL & Associates Properties CEO Stephen D. Lebovitz reported tax-related share dispositions on common stock. On February 17, 2026, a total of 1,985 shares at $35.59 and 3,634 shares at $36.125 were withheld to cover tax liabilities tied to previously vested restricted stock.
These were coded as tax-withholding dispositions, not open-market sales, and left Lebovitz with 557,019 directly held shares. He also reports indirect holdings of 53 and 269 shares through irrevocable trusts, while disclaiming beneficial ownership except to the extent of his pecuniary interest.