CBL Properties

CBL

時価総額 $15.3億

CHATTANOOGA, Tenn.--(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 December 31, 2026. The dividend is payable on December 31, 2026, to shareholders of record as of December 14, 2026. About CBL Properties Headquartered in Chattanooga, Tennessee, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) today announced that it has entered into a $135.0 million refinancing of the mortgage loan secured by West County Center, a dominant regional mall located in St. Louis, Missouri.The new non-recourse loan replaces an existing $136.4 million loan that was scheduled to mature in December 2026. The new loan carries a five-year term with a fixed interest rate of 7.4%. After repayment of the maturing loan and the release of existing escro.

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Today CBL Properties (NYSE:CBL) announced that it has closed on two additional land sales at Harford Mall in Bel Air, Maryland, and Friendly Center in Greensboro, North Carolina. The transactions support the development of more than 515 class-A multifamily units and bring CBL's year-to-date gross proceeds from land sales to mixed-use developers to more than $30 million. At Harford Mall, CBL sold a 3.9-acre parcel of land in the middle of the campus to Maryla.

CBL is benefiting from stronger leasing, higher occupancy, refinancing gains and portfolio moves, but consumer spending and financing risks remain.

The direct disposal of 50,000 shares was executed at a weighted average price of $52.83 per share, totaling ~$2.6 million. The transaction size represents 9% of the equity stake held by the CEO prior to the filing.

CBL & Associates Properties is rated 'Buy' with a $72/share price target, reflecting a 31.5% upside from current levels. CBL trades at a forward P/AFFO of 7.6x, a steep discount to peers, despite strong leasing spreads and a transformed balance sheet. Management raised full-year AFFO guidance to $7.15–$7.25/share, with dividend yield at 4.6% and a payout ratio of 35% (AFFO) or 81% (discretionary cash flow).

U.S. equity markets pulled back from record highs this week as long-term Treasury yields remained elevated, with renewed fiscal concerns after federal debt crossed $40T. Oil prices extended their rebound as stalled Iran negotiations and severely depressed Strait of Hormuz tanker traffic kept geopolitical risk elevated, pushing WTI crude another 5% higher to nearly $87/barrel. Housing data remained soft as starts, pending sales, and builder sentiment stayed depressed amid mortgage rates near 6.7%, but weak construction continued to reinforce the underlying housing shortage.

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) and its 50% joint venture partner announced today that it has closed on the sale of York Town Center, a dominant open-air retail destination in York, Pennsylvania, for $50.65 million. The transaction was completed at approximately an 8.5% capitalization rate. “We are pleased to complete the sale of York Town Center at such strong pricing, reflecting the continued investor demand for high-quality retail assets,” commented Stephen D.

REITs concluded a surprisingly strong earnings season, with 83 REITs - or 83% - raising full-year FFO guidance, just 4% lowering, and the average outlook increasing 1.4% from prior guidance. Strong Fundamentals, Weak Tape: REITs slipped modestly during earnings season despite widespread guidance raises, as renewed interest-rate pressure outweighed improving property-level trends and earnings momentum. Upside standouts included Hotel, Industrial, Data Center, Billboard, Office, Senior Housing/Skilled Nursing, and Single-Family Rental REITs, while Self-Storage finally showed a convincing pricing inflection.

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) announced results for the second quarter ended June 30, 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.     Three Months Ended June 30,     Six Months Ended June 30,  .