4.47 0.00 (0.00%)
After hours: 4:29PM EDT
|Bid||4.30 x 34100|
|Ask||4.69 x 42300|
|Day's Range||4.38 - 4.54|
|52 Week Range||3.80 - 9.10|
|PE Ratio (TTM)||17.95|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||0.80 (17.94%)|
|1y Target Est||4.00|
REITs that own low-quality malls have seen their stock prices sag in recent years. But one retail REIT is in the midst of dramatically upgrading its portfolio, which could drive big gains for investors in the next few years.
CBL (CBL) delivered earnings and revenue surprises of 9.52% and 4.71%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
CHATTANOOGA, Tenn. (AP) _ CBL & Associates Properties Inc. (CBL) on Wednesday reported a key measure of profitability in its second quarter. The results beat Wall Street expectations. The Chattanooga, Tennessee-based real estate investment trust said it had funds from operations of $80.2 million, or 46 cents per share, in the period.
The redevelopment will deliver a brand new, state-of-the-art 87,000-square-foot ShopRite supermarket. Village Super Market, Inc. and the Sumas family, owners and operators of 30 ShopRite stores in New Jersey, Maryland, New York and Pennsylvania, will bring their newest store to the Stroud Mall in 2019. The Stroud Mall ShopRite will focus on providing fresh prepared foods, produce, meat and seafood, while offering a large and varied selection of groceries, organic and locally sourced foods.
CBL Properties (CBL) today announced that it closed on the sale of Janesville Mall in Janesville, WI, for $18.0 million in cash to RockStep Capital. Proceeds from the sale were used to reduce outstanding balances on the Company’s lines of credit. “We are pleased to complete the sale of Janesville Mall,” said Stephen Lebovitz, chief executive officer.
BALTIMORE and CHATTANOOGA, Tenn. , July 25, 2018 /PRNewswire/ -- Stadium Casino, LLC (a joint venture of The Cordish Companies and Greenwood Gaming & Entertainment) and CBL Properties (NYSE: CBL) today ...
CBL Properties (CBL) and Stadium Casino, LLC (a joint venture of The Cordish Companies and Greenwood Gaming & Entertainment) today announced plans to develop an approximately 100,000-square-foot casino and entertainment complex at CBL’s Westmoreland Mall in Hempfield Township, Westmoreland County, PA. The 1.2 million square foot retail, dining and entertainment destination is located directly off Route 30, approximately 30 miles from downtown Pittsburgh.
LONDON, UK / ACCESSWIRE / July 24, 2018 / If you want a free Stock Review on BRX sign up now at www.wallstequities.com/registration. All you have to do is sign up today for this free limited time offer by clicking the link below.
CBL Properties (CBL) today announced that The Cheesecake Factory® is coming to Hamilton Place in Chattanooga, Tennessee, as the first key component of the Sears redevelopment project. Construction on The Cheesecake Factory is underway with an anticipated grand opening in late 2018. “The Cheesecake Factory is one of the most successful and highly sought after restaurants in the country.
The popularity of real estate investment trusts (REITs) hinges heavily on dividends. Equity (meaning non-mortgage) REITs pay on average of 4.1% in dividends, vs. 1.8% for the S&P 500. Tax rules tend to boost dividend payments for these real estate stocks. If REITs agree to pay out at least 90% of their income in dividends, certain types of income receive an exemption from federal income tax. While such a rule can lead to constant fluctuation in payout amounts, investors often willingly accept this condition in exchange for the higher dividend.
CBL Properties' (CBL) redevelopment efforts aimed at diversification of properties, as well as battling mall traffics blues, which have brought in bad news for retail REITs, for the past several quarters.
Investors need to pay close attention to CBL & Associates (CBL) stock based on the movements in the options market lately.
CBL Properties today announced the addition of new-to-market entertainment operator, Dave & Buster’s, at Hanes Mall in Winston-Salem, North Carolina. Construction is currently underway on the lower level near Sears with an anticipated grand opening in 2019.
CBL Properties (CBL) announced the appointment of Michael I. Lebovitz as President of the Company, effective immediately. “I am thrilled to recognize Michael’s many contributions as well as his increased role in implementing CBL’s strategy and future growth with this promotion,” said Stephen Lebovitz, Chief Executive Officer. “Michael has always had a true passion for the real estate business.
On Thursday, June 21, 2018, US markets saw broad-based losses with eight out of nine sectors finishing the trading sessions in red. All you have to do is sign up today for this free limited time offer by clicking the link below.
Real estate stocks have definitely gotten volatile lately. There are some particularly risky real estate stocks to take a second look at.
West County Center, located in Des Peres, will expand two of its retailers and add several others, all opening this summer or fall. In addition to the new retail stores, West County Center also said Copia Wine Bar will open this fall in the space previously occupied by The Elephant Bar. The 7,600-square-foot space will mimic the flagship’s downtown St. Louis location, according to owner Amer Hawatmeh.
CHATTANOOGA, Tenn. , June 5, 2018 /PRNewswire/ -- CBL Properties (NYSE: CBL) announced details for the release of its results for the second quarter ending June 30, 2018 . CBL plans to issue its earnings ...