CBL

Shares of CBL & Associates Properties, Inc. CBL have gained 4.2% since the company reported results for the quarter ended March 31, 2026, outperforming the S&P 500 Index’s 1.4% increase over the same period. Over the past month, the stock gained 8.2% compared with the S&P 500’s 6.8% growth. CBL reported first-quarter 2026 net income attributable to common shareholders of $45.4 million, or $1.48 per diluted share, compared with $8.2 million, or $0.27 per diluted share, in the year-ago quarter. Total revenues increased 2.9% to $145.9 million from $141.8 million a year earlier, while rental revenues rose 2.9% to $141.4 million from $137.4 million. Funds from operations (FFO) per diluted share climbed to $2.78 from $1.13, and adjusted FFO per diluted share increased 15.3% year over year to $1.73 from $1.50. Same-center net operating income (NOI) rose 2.1% to $96.6 million from $94.6 million. By segment, same-center NOI growth was led by lifestyle centers (up 6.1%), followed by open-air centers (up 3.4%), malls (up 1.7%) and outlet centers (up 0.5%). Portfolio occupancy stood at 90.5% as of March 31, 2026, compared with 90.4% a year earlier and 90% at year-end 2025. Mall occupancy improved to 88.3% from 87.9%, while lifestyle center occupancy edged up to 92.4% from 92.2%. Open-air center occupancy remained unchanged at 95.7%. Management noted that bankruptcies and store closures, including Francesca’s and Eddie Bauer, negatively affected mall occupancy by nearly 87 basis points year over year. Leasing activity remained strong during the quarter. CBL signed more than 583,000 square feet of leases, including roughly 372,000 square feet of comparable new and renewal leases at spreads 5.7% above prior rents. New leases generated rent spreads of 55.5%, while renewal leases posted a 0.5% increase. Same-center tenant sales per square foot for the trailing 12 months ended March 31, 2026, increased 4.6% year over year to $453 from $433. CBL & Associates Properties, Inc. price-consensus-eps-surprise-chart | CBL & Associates Properties, Inc. Quote CBL completed $777.5 million of financing activity year to date, highlighted by the refinancing of its $634 million secured term loan through two transactions — a $425 million non-recourse financing secured primarily by mall properties and a $176.1 million floating-rate loan backed mainly by open-air lifestyle centers. Management...

Strong Q1 '26 Results and Transaction Activity Contribute to Increase in Full-Year Guidance CHATTANOOGA, Tenn., May 08, 2026--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) announced results for the first quarter ended March 31, 2026. 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. KEY TAKEAWAYS: Same-center NOI for Q1 2026 increased 2.1% compared with the prior-year period. FFO, as adjusted, per share for Q1 2026 increased 15% to $1.73, compared with $1.50 per share for the prior-year period. Strong results for the quarter contributed to the increase in full-year 2026 guidance (see Outlook and Guidance). CBL signed more than 583,000 square feet of leases during first quarter 2026, including approximately 372,000 square feet of comparable new and renewal leases signed at a 5.7% increase in average rents versus the prior rents. Same-center tenant sales per square foot for the first quarter 2026 increased approximately 5.8% as compared with the prior-year period. Same-center tenant sales per square foot for the rolling 12-months ended March 31, 2026, of $453, increased 4.6% as compared with the prior-year period. Portfolio occupancy was 90.5% as of March 31, 2026, an increase of 50 bps from portfolio occupancy of 90.0% at year-end 2025 and 10 bps from portfolio occupancy of 90.4% as of March 31, 2025. Bankruptcy related store closures, including the closures of Francesca's and Eddie Bauer locations, representing approximately 122,000 square feet, negatively impacted mall occupancy by nearly 87 basis points compared with the prior-year period. As of March 31, 2026, the Company had $305.5 million of unrestricted cash and marketable securities (includes CBL's share of joint venture cash of $22.5 million). On May 7, 2026, CBL's Board of Directors approved a dividend of $0.625 per common share for the second quarter of 2026, representing a 39% increase over the prior regular quarterly dividend rate. During the quarter, CBL successfully refinanced its existing $634.0 million term loan through two complementary transactions including a $425.0 million non-recourse financing secured by a pool of primarily mall prope...

CHATTANOOGA, Tenn., May 07, 2026--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a regular cash dividend of $0.625 per common share for the quarter ending June 30, 2026. As previously announced, the dividend represents a 39% increase in the regular quarterly dividend. The dividend is payable on June 30, 2026, to shareholders of record as of June 12, 2026. 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 88 properties totaling 55.6 million square feet across 23 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 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. CBL_Corp View source version on businesswire.com: https://www.businesswire.com/news/home/20260507292442/en/ Contacts Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, [email protected]

Shares of CBL & Associates Properties, Inc. CBL have gained 1.7% since the company reported results for the quarter ended Dec. 31, 2025, outperforming the S&P 500 Index, which rose 0.5% over the same period. Over the past month, CBL’s stock has risen 4.1%, ahead of the S&P 500’s 0.7% increase. For the fourth quarter of 2025, net income attributable to common shareholders rose 29.7% year over year to $48.3 million, or $1.56 per diluted share, from $37.2 million, or $1.22 per diluted share, in the year-ago period. Total revenues increased 18.8% year over year to $156.4 million from $131.7 million a year earlier, driven primarily by higher rental revenues, which climbed 19.6% year over year to $150.4 million from $125.8 million. For the full year, net income attributable to common shareholders jumped 131.8% to $133.9 million, or $4.34 per diluted share, from $57.8 million, or $1.87 per diluted share, in 2024, while annual revenues advanced 12.2% to $578.4 million from $515.6 million. On a non-GAAP basis, fourth-quarter 2025 funds from operations (FFO) as adjusted rose 17.2% year over year to $2.25 per diluted share from $1.92 per share a year earlier. For the full year, FFO as adjusted increased 7.8% to $7.21 per share from $6.69 per share in 2024. Same-center net operating income (NOI) grew 3.3% year over year in the fourth quarter of 2025 and 0.5% for the year. By property type, fourth-quarter 2025 same-center NOI rose 2.2% for malls, 2.1% at open-air centers and 16.3% for lifestyle centers, while outlet centers declined 0.3%. On a full-year basis, lifestyle centers led with 9.1% growth, whereas mall NOI dipped 0.5% and outlet centers fell 1.9%. Portfolio occupancy stood at 90% as of Dec. 31, 2025, down slightly from 90.3% a year earlier. Same-center occupancy for malls, lifestyle centers and outlet centers was flat at 88.6%. Management noted that bankruptcy-related store closures, including Forever21, JoAnn, Claire’s and Party City, negatively impacted mall occupancy by nearly 75 basis points year over year. Leasing activity remained active. During 2025, CBL executed more than 4 million square feet of leases, with comparable new and renewal leases signed at a 2.6% increase in average rents versus prior rents. In the fourth quarter of 2025 alone, 1.3 million square feet were executed, though comparable rents declined 2.9%, reflecting negative renewal spreads...

2025 FFO and NOI Results Near High-End of Guidance Range CHATTANOOGA, Tenn., February 13, 2026--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) announced results for the fourth quarter and year ended December 31, 2025. 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. KEY TAKEAWAYS: Same-center NOI for Q4 2025 increased 3.3% compared with the prior-year period. FFO, as adjusted, per share for Q4 2025 was $2.25, compared with $1.92 per share for the prior-year period. For the year ended December 31, 2025, same-center NOI grew 0.5% compared with the prior-year period. FFO, as adjusted, per share was $7.21 for the year ended December 31, 2025, compared with $6.69 for the year ended December 31, 2024. Full-year results were near the high-end of the guidance range. Same-center occupancy for malls, lifestyle centers and outlet centers was 88.6%, flat from the prior year-end. Portfolio occupancy declined 30 basis points to 90.0% as of December 31, 2025, compared with portfolio occupancy of 90.3% as of December 31, 2024. Bankruptcy related store closures, including the closures of Forever21, JoAnn, Claire's and Party City locations, representing approximately 107,000 square feet, negatively impacted mall occupancy by nearly 75 basis points compared with the prior-year period. For the full year, more than 4.0 million square feet of leases were executed, including 2.4 million square feet of comparable new and renewal leases signed at a 2.6% increase in average rents versus the prior rents. In the fourth quarter 2025, 1.3 million square feet of leases were executed, including comparable new and renewal leases of approximately 759,000 square feet signed at a 2.9% decline in average rents versus the prior rents. The decline was driven by comparable mall renewal spreads of (5.3)%, partially offset by a nearly 15% increase in spreads on new mall leases compared to the expiring rents. Renewal spreads were impacted by the renewal of several maturing leases with higher occupancy costs. Same-center tenant sales per square foot for the fourth quarter 2025 increased approximately 3.7% as compared with the prior-year period. Same...

CHATTANOOGA, Tenn., February 11, 2026--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a regular cash dividend of $0.45 per common share for the quarter ending March 31, 2026. The dividend is payable on March 31, 2026, to shareholders of record as of March 17, 2026. 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 88 properties totaling 53.9 million square feet across 22 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 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. CBL_Corp View source version on businesswire.com: https://www.businesswire.com/news/home/20260211238324/en/ Contacts Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, [email protected]

Shares of CBL & Associates Properties, Inc. CBL have gained 4.3% since the company reported its earnings for the quarter ended Sept. 30, 2025, outpacing the S&P 500 Index’s 0.6% gain over the same span. Over the past month, the stock has risen 13.3% compared with the S&P 500’s 3.2% growth. For the third quarter of 2025, CBL’s diluted earnings per share (EPS) jumped to $2.38 from $0.52 a year earlier, helped by sizable gains on property sales and a gain on deconsolidation. Total revenues climbed 11.3% to $139.3 million from $125.1 million in the year-ago quarter. Rental revenues rose 12.3% to $134.8 million from $119.9 million in the year-ago quarter, while management, development and leasing fees declined 38.4% and “other” revenues were modestly higher. Funds from operations (FFO) per diluted share rose 69.5% to $2.17 from $1.28, while FFO, as adjusted, inched up 0.6% to $1.55 from $1.54 in the year-ago quarter. Same-center net operating income (NOI) grew 1.1% year over year, with lifestyle centers leading the way, posting a 15.2% increase in same-center NOI, while malls were down 0.2%, outlet centers rose 0.4%, open-air centers slipped 1% and outparcels and other assets increased 2.4%. Portfolio operating metrics moved in a generally positive direction. Total portfolio occupancy improved 90 basis points to 90.2% as of Sept. 30, 2025, from 89.3% a year earlier. Within that, malls were 87.6% leased (up from 86.4%), lifestyle centers 93.3% (up from 91.2%) and outlet centers 92% (up from 91.6%). Same-center occupancy for malls, lifestyle centers and outlet centers ticked up 40 basis points to 88.4% from 88% in the year-ago quarter. Open-air centers remained highly occupied at 95.3%, essentially flat versus 95.4% a year ago, while “All Other Properties” improved to 91% from 88% in the year-ago quarter. Bankruptcy-related closures, including Forever21, JoAnn, Claire’s and Party City, reduced mall occupancy by nearly 70 basis points, indicating that underlying demand offset tenant distress. Leasing metrics were particularly strong. CBL executed over 972,000 square feet of leases in the quarter, including about 435,000 square feet of comparable new and renewal deals at a 17.1% average rent increase versus prior rents. New leases achieved spreads of more than 70%, while renewals captured nearly 10% rent growth. Same-center tenant sales per square foot for the quarte...

CBL & Associates Properties announced strong third quarter 2025 results, with revenue rising to US$139.28 million and net income growing very significantly compared to the prior year, alongside issuing positive 2025 earnings guidance and declaring a quarterly dividend of US$0.45 per share. This period also saw the debut of retailer Primark at CoolSprings Galleria, adding a high-traffic tenant to CBL's portfolio and expanding its retail offerings. We'll explore how CBL's improved earnings outlook and portfolio enhancements could influence its overall investment narrative moving forward. The end of cancer? These 29 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. To believe in CBL & Associates Properties as a shareholder, it comes down to confidence in their ongoing ability to grow earnings, attract high-traffic tenants, and maintain a competitive edge in a challenging retail landscape. The recent earnings report signals not just a strong quarter but a fundamentally improved outlook, with net income and earnings per share miles ahead of year-ago figures and updated full-year guidance pointing higher. Portfolio-enhancing moves, like adding Primark and new hotels, highlight management’s intent to bring in new customer segments and boost property relevance. However, key risks remain: the quality of profit growth is muddied by one-off items, the company continues to operate with significant debt, and interest payments still put pressure on earnings coverage. The recent news does shift the near-term catalyst to sustained earnings momentum; if these results mark a true pivot, it may influence sentiment and near-term share price action. In short, recent events meaningfully update the stakes for both upside catalysts and ongoing risks. But rising profits aren’t the full story, there’s more to know about CBL’s debt exposure. CBL & Associates Properties' shares have been on the rise but are still potentially undervalued. Find out how large the opportunity might be. Among our Simply Wall St Community, 1 fair value estimate clusters at US$36 per share. While this suggests consensus on valuation, contrasting views on debt risks highlighted above show why market participants may interpret the company’s future path quite differently. Explore more perspectives to see the full range of what other...

1.1% Same-Center NOI Growth, 4.8% Sales Growth and 17% Lease Spreads Highlight Strong Third Quarter Results CHATTANOOGA, Tenn., November 06, 2025--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) announced results for the third quarter ended September 30, 2025. 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. KEY TAKEAWAYS: Year-to-date, CBL has closed on dispositions generating more than $238.0 million of gross proceeds including the October sale of Fremaux Town Center in Slidell, LA. Consistent with our previously issued full-year guidance range, same-center NOI for Q3 2025 increased 1.1% compared with the prior-year period. FFO, as adjusted, per share for Q3 2025 was $1.55, compared with $1.54 per share for the prior-year period. For the nine months ended September 30, 2025, same-center NOI declined 0.6% compared with the prior-year period. FFO, as adjusted, per share was $4.94 for the nine months ended September 30, 2025, compared with $4.78 for the nine months ended September 30, 2024. Portfolio occupancy increased 90 basis points to 90.2% as of September 30, 2025, compared with portfolio occupancy of 89.3% as of September 30, 2024. Same-center occupancy for malls, lifestyle centers and outlet centers was 88.4%, a 40-basis point increase from occupancy as of September 30, 2024. Bankruptcy related store closures, including the closures of Forever21, JoAnn, Claire's and Party City locations, representing approximately 97,000 square feet, negatively impacted mall occupancy by nearly 70 basis points compared with the prior-year period. Over 972,000 square feet of leases were executed in the third quarter 2025, including comparable new and renewal leases of approximately 435,000 square feet signed at a 17.1% increase in average rents versus the prior rents. The increase was driven by new comparable lease spreads of more than 70% with renewal leases signed at a nearly 10% increase compared with expiring rents. Same-center tenant sales per square foot for the third quarter 2025 increased approximately 4.8% as compared with the prior-year period. Same-center tenant sales per square foot for the 12 months ended...

CHATTANOOGA, Tenn., November 05, 2025--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a regular cash dividend of $0.45 per common share for the quarter ending December 31, 2025. The dividend is payable on December 11, 2025, to shareholders of record as of November 25, 2025. In addition to the regular common dividend, which equates to an annual dividend payment of $1.80 per common share, CBL previously paid a special cash dividend of $0.80 per share on March 31, 2025. 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 88 properties totaling 53.9 million square feet across 22 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 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. CBL_Corp View source version on businesswire.com: https://www.businesswire.com/news/home/20251105369377/en/ Contacts Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, [email protected]

Shares of CBL & Associates Properties, Inc. CBL have gained 0.6% since the company reported its earnings for the quarter ended June 30, 2025, compared to the S&P 500 Index’s 0.8% loss over the same period. Over the past month, CBL’s stock has climbed 9.9%, outpacing the S&P 500’s 1.2% rise. In the second quarter of 2025, net income attributable to common shareholders came in at $0.08 per share, down 42.9% from $0.14 a year ago. Funds from Operations (FFO) were $1.48 per diluted share, down 1.9% from $1.51 in the prior-year quarter, while FFO, as adjusted, rose 7.5% to $1.86 from $1.73. Same-center total revenues grew 1.7% to $156 million from $153.4 million, but same-center Net Operating Income (NOI) slipped 0.5% year over year to $104.9 million from $105.4 million. Segment-wise, same-center NOI from malls dipped 0.6%, outlet centers fell 5.2% and open-air centers declined 2%. Lifestyle centers, however, posted a 7.2% gain, while the “outparcels and other” category was down 3.7%. CBL’s portfolio occupancy edged up 10 basis points year over year to 88.8% as of June 30, 2025, from a portfolio occupancy of 88.7% as of June 30, 2024. Same-center occupancy for malls, lifestyle centers and outlet centers was steady at 87.3% compared with 87.2% as of June 30, 2024. CBL Properties executed over 1.2 million square feet of leases during the quarter, with comparable new and renewal leases totaling about 774,000 square feet at a 3.2% average rent increase. New comparable leases saw a strong 39.5% rent jump, while renewals were down 0.7%. Same-center tenant sales per square foot rose 3.5% from the year-ago period, reaching $427 for the trailing 12 months, a 0.8% improvement from the prior period. CBL & Associates Properties, Inc. price-consensus-eps-surprise-chart | CBL & Associates Properties, Inc. Quote CEO Stephen D. Lebovitz highlighted the acquisition of four dominant malls for $178.9 million from Washington Prime Group — Ashland Town Center in Ashland, KY, Mesa Mall in Grand Junction, CO, Paddock Mall in Ocala, FL, and Southgate Mall in Missoula, MT — as a milestone in CBL’s portfolio optimization strategy, funded partly through proceeds from non-core asset sales such as The Promenade in Mississippi. Lebovitz emphasized the acquisition’s immediate accretion to cash flow per share and its role in supporting a 12.5% dividend increase. He also cited robust leasing per...

CHATTANOOGA, Tenn., August 06, 2025--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) announced results for the second quarter ended June 30, 2025. 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. KEY TAKEAWAYS: CBL acquired four dominant enclosed regional malls for $178.9 million from Washington Prime Group. This acquisition reinforces CBL’s position as the preeminent owner and manager of successful enclosed malls in dynamic and growing middle markets and is accretive to CBL's FFO, as adjusted and cash flow per share. As part of the transaction, CBL completed a modification and extension of its existing loan with Beal Bank USA to include the acquisition properties, increasing the principal balance by $110.0 million to $443.0 million and extending the maturity by seven years. See Transaction Activity for additional details. Year-to-date, CBL has closed on dispositions generating more than $162.7 million of gross proceeds including the July sale of The Promenade in D'Iberville, MS, for $83.1 million, representing an 8.5% cap rate. CBL's Board of Directors declared an increase of 12.5% in the regular cash dividend to $0.45 per common share for the quarter ending September 30, 2025. Consistent with our previously issued guidance range, same-center NOI for Q2 2025 declined 0.5% compared with the prior-year period. FFO, as adjusted, per share for Q2 2025 was $1.86, compared with $1.73 per share for the prior-year period. For the six months ended June 30, 2025, same-center NOI declined 1.4% compared with the prior-year period. FFO, as adjusted, per share was $3.37 for the six months ended June 30, 2025, compared with $3.23 for the six months ended June 30, 2024. Portfolio occupancy increased 10 basis points to 88.8% as of June 30, 2025, compared with portfolio occupancy of 88.7% as of June 30, 2024. Same-center occupancy for malls, lifestyle centers and outlet centers was 87.3%, essentially flat from occupancy as of June 30, 2024. Bankruptcy related store closures, including the closures of Forever21, JoAnn, and Party City locations, representing approximately 95,000-square-feet, negatively impacted mall occupancy...