3.35 0.00 (0.00%)
After hours: 4:35PM EDT
|Bid||3.35 x 3000|
|Ask||3.55 x 29200|
|Day's Range||3.34 - 3.55|
|52 Week Range||3.29 - 8.60|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2018|
|Forward Dividend & Yield||0.80 (23.46%)|
|1y Target Est||3.76|
CBL Properties (CBL) today announced that it closed on the sale of Parkway Plaza, a community center located in Ft. Oglethorpe, GA, for $16.5 million, in cash. The center was purchased by United Properties Corp., a privately held real estate investment group based out of East Meadow, NY. “We are pleased to close on the sale of Parkway Plaza, bringing our total disposition activity year-to-date up to nearly $80 million,” said Stephen Lebovitz, chief executive officer.
CBL Properties (CBL) today provided an update on its redevelopment efforts related to Sears stores in its portfolio. “We have been preparing for an eventual Sears bankruptcy since 2013, when we purchased two Sears locations and transformed them into dining, retail and entertainment destinations,” said Stephen Lebovitz, chief executive officer. “The Sears stores in our markets are well-located with excellent visibility, access and infrastructure.
The bankruptcy filing would end a standoff between Chief Executive Officer Eddie Lampert, the retailer's biggest shareholder and lender, and a special board committee the company has formed to consider a rescue plan proposed by Lampert that would involve asset sales and a debt restructuring. The committee has been resisting the plan amid concerns that creditors and shareholders would sue over it being too favourable for Lampert.
To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
CBL Properties (CBL) announced today that their portfolio of market-dominant regional shopping centers will open at 6:00 a.m. on Black Friday, November 23rd, and will be closed on Thanksgiving Day for the third consecutive year. “Thanksgiving and Black Friday are two great American traditions,” said Stephen Lebovitz, chief executive officer, CBL Properties.
Moody's Investors Service ("Moody's") has affirmed the ratings on seven classes and downgraded the ratings on four classes in J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-C5, Commercial ...
Anyone researching CBL & Associates Properties Inc (NYSE:CBL) might want to consider the historical volatility of the share price. Volatility is considered to be a measure of risk in modernRead More...
U.S. equities are under pressure on Monday amid fresh U.S.-China trade tensions (Beijing is threatening to abandon discussions) and reports in the political press that Deputy Attorney General Rosenstein — who is in charge of the Mueller investigation — has resigned in anticipation of being fired by President Trump. Subsequent reporting says that Trump and Rosenstein had an extended conversation and will meet on Thursday when Trump returns to Washington D.C. Stocks are weakening on worries the fate of the Russia investigation is tied up with Rosenstein.
CBL Properties today announced that it will provide an online audio webcast of the presentation given by its Chief Executive Officer, Stephen D. Lebovitz, at the Bank of America Merrill Lynch 2018 Global Real Estate Conference in New York City.
CBL Properties (CBL) will open RACHEL Rachel Roy's first stand-alone store at Oak Park Mall in Kansas City. The move indicates its efforts to aid online retailers to explore physical markets.
CBL Properties (CBL) today announced that Kansas City shoppers will enjoy exclusive access to the latest fashion from international fashion and lifestyle brand RACHEL Rachel Roy. CBL and Rachel Roy are partnering to deliver the brands’ first ever in-mall pop-up shop at CBL’s premier Kansas City property, Oak Park Mall. Rachel Roy’s pop-up shop is set to open at Oak Park Mall on the heels of Kansas City Fashion Week in late September, where both Rachel Roy and Oak Park Mall will participate in events throughout the week.
CBL Properties (CBL) today announced that it closed on a $75.0 million non-recourse loan secured by The Outlet Shoppes at El Paso in El Paso, TX. Proceeds from the loan were used to retire a $6.5 million loan secured by the second phase of the property which was scheduled to mature. CBL’s share of net proceeds of $65.0 million were utilized to reduce outstanding balances on the Company’s unsecured lines of credit.
CBL Properties (CBL) today announced the retirement of Gus Stephas, CBL’s EVP – Chief Operating Officer, rounding out a nearly 50 year career in the real estate industry. “On behalf of CBL’s Board of Directors, employees and business partners, I would like to recognize and thank Gus for his dedication and contributions to CBL’s success over the years,” stated Stephen Lebovitz, CBL’s Chief Executive Officer. “Gus has contributed to CBL and the shopping center industry in innumerable ways throughout his multi-decade career,” continued Lebovitz.
NEW YORK, Sept. 04, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
CHATTANOOGA, Tenn. , Aug. 29, 2018 /PRNewswire/ -- CBL Properties (NYSE: CBL) announced details for the release of its results for the third quarter ending September 30, 2018 . CBL plans to issue its earnings ...
The latest measures of CBL Properties (CBL) will provide the dry powder for its redevelopment efforts which has become essential in the wake of the retail apocalypse.
CBL Properties (CBL) today announced that it closed on the sale of Statesboro Crossing, a community center located in Statesboro, GA, for $21.5 million in cash. “We are pleased to close on the sale of Statesboro Crossing, providing an attractively priced source of equity to supplement our other sources of capital,” said Stephen Lebovitz, chief executive officer. Statesboro Crossing is located on an approximately 50-acre site at the southwest corner of Brannen Street Extension and Veteran’s Memorial Parkway.
CBL Properties (CBL) today announced that its Board of Directors has declared a quarterly cash dividend for the Company’s Common Stock of $0.20 per share for the quarter ending September 30, 2018. The dividend is payable on October 16, 2018, to shareholders of record as of October 1, 2018. The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending September 30, 2018, for the Company’s 7.375% Series D Cumulative Redeemable Preferred Stock.