Articles from CBL Properties

CBL Properties (NYSE: CBL) announced results for the third quarter ended September 30, 2024. Results of operations as reported in the consolidated financial statements for these periods are prepared in accordance with GAAP. A description of each supplemental non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located at the end of this news release.

CBL Properties (NYSE:CBL) today announced that its Board of Directors had approved an accelerated record and payment date for the cash dividend of $0.40 per common share for the quarter ending December 31, 2024, previously declared on October 14, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is now payable on December 11, 2024, to shareholders of record as of November 25, 2024.

CBL Properties (NYSE:CBL) today announced Crunch Fitness opens at Hamilton Place in Chattanooga, Tennessee, today, as one of the final components of the property’s Sears redevelopment project. The redevelopment, which commenced in 2019, brought a variety of new destinations to the property, including The Cheesecake Factory, Mean Mug Coffeehouse, Malone’s, Dave & Buster’s, DICK’S Sporting Goods, and an Aloft by Marriott hotel.

CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending December 31, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on December 31, 2024, to shareholders of record as of December 13, 2024.

CBL Properties (NYSE:CBL) today announced that it completed the repurchase of 500,000 shares of CBL stock for $12.525 million, in a privately negotiated block trade from a single shareholder. The block repurchase was completed separately from CBL’s existing stock repurchase program described below.

CBL Properties (NYSE:CBL) today announced that it had closed on the sale of Layton Hills Convenience Center, Layton Hills Plaza and nine related outparcels in Layton (Salt Lake City), UT, to an unaffiliated third party for $28.5 million, all cash. Layton Hills Convenience Center and Plaza served as collateral under CBL’s non-recourse term loan. The nine improved outparcels served as collateral under CBL’s non-recourse open-air and outparcel loan. Net proceeds from the sale were applied to the term loan principal balance and open-air and outparcel loan, as applicable. After closing the term loan balance was reduced to a current balance of $730.8 million and the open-air and outparcel loan balance was reduced to a current balance of $340.1 million.

CBL Properties (NYSE: CBL) announced results for the second quarter ended June 30, 2024. Results of operations as reported in the consolidated financial statements for these periods are prepared in accordance with GAAP. A description of each supplemental non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located at the end of this news release.

CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending September 30, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on September 30, 2024, to shareholders of record as of September 13, 2024.

CBL Properties (NYSE:CBL) today announced that it had closed on the sale of Layton Hills Mall in Layton (Salt Lake City), UT, to Second Horizon Capital for $37.125 million, all cash. The property served as collateral under CBL’s non-recourse term loan. Net proceeds from the sale were applied to the term loan principal balance, which after closing, was reduced to $749.8 million.

Today CBL Properties (NYSE:CBL) announced that Atrium Health Wake Forest Baptist Medical Plaza has opened at Friendly Center in Greensboro, North Carolina. The new center was developed in a joint venture with Davis Moore Capital. Representatives from CBL and Atrium Health Wake Forest Baptist marked this occasion last week with a ribbon cutting and community celebration.

Today CBL Properties (NYSE:CBL) announced the addition of several new and exciting stores at Mayfaire Town Center in Wilmington, NC, including Free People and FP Movement as well as significant upgrades to current tenants, Reeds Jewelers and lululemon.

CBL Properties (NYSE: CBL) announced results for the first quarter ended March 31, 2024. Results of operations as reported in the consolidated financial statements for these periods are prepared in accordance with GAAP. A description of each supplemental non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located at the end of this news release.

CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending June 30, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on June 28, 2024, to shareholders of record as of June 13, 2024.

Today CBL Properties (NYSE:CBL) announced it has executed multiple deals with global lifestyle retailer MINISO, expanding the brand’s presence to a dozen new markets in the United States. The first wave of store openings started in November 2023 at Valley View Mall in Roanoke, Virginia, and Hanes Mall in Winston-Salem, North Carolina, followed by the January 2024 opening at Coastal Grand Mall in Myrtle Beach, South Carolina. Throughout the rest of 2024, stores will open at CoolSprings Galleria (Nashville, TN), Hamilton Place (Chattanooga, TN), West County Center and South County Center (St. Louis, MO), Parkway Place (Huntsville, AL), Post Oak Mall (Waco, TX), Fayette Mall (Lexington, KY), Westmoreland Mall (Greensburg, PA), Oak Park Mall (Overland Park, KS), and Kirkwood Mall (Bismarck, ND).

CBL Properties (NYSE:CBL) today announced that it has partnered with Adeptmind, a leading technology company specializing in artificial intelligence and e-commerce, to launch “Inventory Insider” at two of its Tennessee properties, CoolSprings Galleria (Nashville) and Hamilton Place (Chattanooga). Inventory Insider leverages Adeptmind’s technology to give shoppers online access to all the products carried by each local retailer in one centralized location on the mall’s website.

CBL Properties (NYSE: CBL) announced results for the fourth quarter and year ended December 31, 2023. Results of operations as reported in the consolidated financial statements for these periods are prepared in accordance with GAAP. A description of each supplemental non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located at the end of this news release.

CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending March 31, 2024, a 6.7% increase from the previous quarterly dividend rate. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on March 29, 2024, to shareholders of record as of March 15, 2024.

CBL Properties (NYSE:CBL) today announced tax reporting (Federal 1099) information for the 2023 distributions on its Common stock.

Over the last several months, CBL Properties (NYSE:CBL) has welcomed a number of new retail, service, entertainment and restaurant concepts to its portfolio with more openings planned for 2024 and beyond.

CBL Properties (NYSE: CBL) announced results for the third quarter ended September 30, 2023. Results of operations as reported in the consolidated financial statements for these periods are prepared in accordance with GAAP. A description of each supplemental non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located at the end of this news release.

CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a cash dividend of $0.375 per common share for the quarter ending December 31, 2023. The dividend, which equates to an annual dividend payment of $1.50 per common share, is payable on December 29, 2023, to shareholders of record as of December 12, 2023.

CBL Properties (NYSE:CBL) today announced that it has achieved Great Place to Work® Certification™ for 2023. This prestigious designation is based on the results of a recently conducted survey of CBL’s current employees regarding their experience working at CBL. An overwhelming 95% of employees said CBL is a great place to work – 38 points higher than the average U.S. company.

CBL Properties (NYSE:CBL) today announced that it has published its first ESG Progress Update that focuses on the Company’s accomplishments in 2022 and provides an update on its 2023 goals as well as a look ahead.

CBL Properties (NYSE:CBL) today announced that it, along with its 50% joint venture partner, Horizon Group Properties, closed a new $79.3 million loan ($39.7 million at CBL’s 50% share) secured by The Outlet Shoppes of Atlanta, the premier outlet shopping destination located in Woodstock, GA. The new non-recourse ten-year loan bears a fixed interest-only rate of 7.85% and replaces two loans with an aggregate balance of $69.5 million (at 100%) that were set to mature in November 2023.

CBL Properties (NYSE:CBL) today announced that its Board of Directors authorized a stock repurchase program for the Company to buy up to $25 million of its common stock.