CBL & Associates Properties, Inc.
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- CBL Properties (NYSE: CBL) operates as a self-managed real estate investment trust focused on the ownership, management, leasing, development, acquisition, and operation of regional shopping malls, outlet centers, lifestyle centers, open-air retail centers, and associated properties; its portfolio includes 88 properties totaling 53.9 million square feet across 22 states, primarily in the Southeastern and Midwestern United States with select presence on the West Coast, targeting dynamic communities through retail, dining, entertainment, and mixed-use offerings. Headquartered in Chattanooga, Tennessee, where it generates its largest market revenue, the company traces its origins to 1978 when CBL & Associates, Inc. was formed, evolving into a public REIT in 1993. Revenue derives predominantly from leasing to retail tenants, supplemented by management and development fees as well as selective property sales. In recent developments, CBL Properties acquired four dominant regional malls—Ashland Town Center in Kentucky, Mesa Mall in Colorado, Paddock Mall in Florida, and Southgate Mall in Montana—from Washington Prime Group for $178.9 million in mid-2025 at an 8.2% cap rate, marking immediate accretion to funds from operations and funded partly by $241 million in non-core asset dispositions including the $83.1 million sale of The Promenade in D'Iberville, Mississippi. The company completed nearly $158 million in financing activity year-to-date 2025, including a $520 million package earlier in the year, alongside refinancing such as a $43 million five-year non-recourse loan at 5.9% for The Pavilion at Port Orange, Florida, and a modified $443 million loan extending to 2030 with Beal Bank incorporating the new acquisitions. Further, CBL reloaded its $25 million stock repurchase program in November 2025 after repurchasing $7.3 million under the prior authorization, raised its regular dividend following a $0.80 special dividend in March 2025, and bought out its joint venture partner's interest in three top properties to simplify ownership.
CBL Properties and Greystar Announce Upscale Multi-Family Development at CoolSprings Galleria in Nashville, Tennessee
Buy 2 Ideal June DiviDogs Per Barron's April To June Picks
What I Wish I Knew Before Investing In REITs
CBL Properties Closes on Strategic Land Sale at Harford Mall in Bel Air, Maryland
CBL Properties Closes on Strategic Land Sale at Harford Mall in Bel Air, Maryland
CBL Properties Announces Significant New Leasing Activity at West County Center in St. Louis, Missouri
CBL Properties Announces $71.9 Million Non-Recourse Loan Secured by Hamilton Place in Chattanooga, TN
CBL Properties Announces $71.9 Million Non-Recourse Loan Secured by Hamilton Place in Chattanooga, TN
CBL Properties Closes $78.5 Million Sale of Hammock Landing in West Melbourne, FL
CBL Properties Reports Results for First Quarter 2026
CBL Properties Declares Increased Second Quarter Regular Cash Dividend
CBL Properties Announces New $97.5 Million Loan Secured by Fayette Mall in Lexington, KY
CBL & Associates Properties: Dividend Hike Offsets AFFO Guidance Disappointment
Payrolls Pacify Stagflation Scare
CBL Properties Announces New $43.0 Million Non-Recourse Loan Secured by Northwoods Mall in N. Charleston, SC
CBL Properties Declares Q1 2026 Special Dividend; Annualized Regular Dividend Increases 39% to $2.50 Per Share
CBL Properties Closes $176 Million Non-Recourse Financing
The Strait Squeeze
What I Wish I Knew Before Buying High-Yield Stocks
CBL Properties Announces Over $600 Million in Landmark Financing Transactions