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CBL & Associates Properties Inc (CBL.N)

CBL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CBL prices $225 mln aggregate principal amount of 5.950% senior unsecured notes
Tuesday, 29 Aug 2017 05:40pm EDT 

Aug 29 (Reuters) - CBL & Associates Properties Inc :CBL prices $225 million aggregate principal amount of 5.950% senior unsecured notes due 2026.CBl & Associates Properties says unit ‍CBL & Associates Limited partnership priced $225 million aggregate principal amount of its 5.950% senior notes due 2026​.CBL-Notes constitute additional issuance of 5.950% senior notes due 2026, $400 million aggregate amount of which operating partnership issued Dec 13, 2016​.  Full Article

CBL & Associates Q2 adjusted FFO per share $0.50
Thursday, 3 Aug 2017 04:15pm EDT 

Aug 3 (Reuters) - CBL & Associates Properties Inc ::CBL & Associates Properties reports results for second quarter 2017.Q2 adjusted FFO per share $0.50.Sees FY 2017 adjusted FFO per share $2.18 to $2.24.Qtrly FFO per share $0.58.Q2 FFO per share view $0.53 -- Thomson Reuters I/B/E/S.Fy2017 FFO per share view $2.19 -- Thomson Reuters I/B/E/S.  Full Article

CBL closes extension and modification of two unsecured term loans
Monday, 31 Jul 2017 09:00am EDT 

July 31 (Reuters) - CBL & Associates Properties Inc ::CBL closes extension and modification of two unsecured term loans.CBL & Associates Properties Inc says it had closed extension and modification of two unsecured term loans due to mature in 2018.CBL & Associates Properties Inc says two unsecured term loans expiring in 2018 were modified and extended.CBL & Associates Properties Inc says first unsecured term loan, with a balance of $400 million, was increased to a balance of $490 million until July 2018.CBL & Associates Properties - second unsecured term loan, has balance of $50 million & was due to mature in Feb 2018, was modified to new $45 million term loan.CBL & Associates Properties Inc says new borrowings under term loan were used to reduce outstanding balances on company's unsecured lines of credit.  Full Article

Cbl & Associates reports Q1 adjusted FFO per share $0.52
Wednesday, 3 May 2017 04:15pm EDT 

May 3 (Reuters) - Cbl & Associates Properties Inc :Cbl & Associates properties reports results for first quarter 2017.Q1 adjusted FFO per share $0.52.Cbl & Associates Properties Inc qtrly funds from operations per diluted share $0.53.Cbl & Associates properties qtrly noi declined $1.8 million, due to $2.6 million decrease in revenue, partially offset by $0.8 million decrease in operating expense.Cbl & Associates Properties Inc - anticipates ffo, as adjusted, in range of $2.18 - $2.24 per diluted share for 2017.Cbl & Associates Properties Inc sees same-center noi growth in range of negative 2.0% - 0% in 2017.  Full Article

CBL & Associates properties announces the sale of the outlet shoppes at Oklahoma City
Monday, 1 May 2017 09:00am EDT 

May 1 (Reuters) - CBL & Associates Properties Inc : :Press release - CBL & Associates Properties announces the sale of the outlet shoppes at oklahoma city.CBL & Associates Properties - Co, Jv Partner Horizon Group properties, closed on sale of outlet shoppes at oklahoma city for gross sales price of $130 million.Net proceeds were used to reduce outstanding balances on company's lines of credit.CBL'S share of net equity proceeds, after retirement of secured loans and closing costs, was $38.0 million.  Full Article

CBL & Associates Properties reports results for Q4 and full-year 2016
Wednesday, 1 Feb 2017 04:15pm EST 

CBL & Associates Properties Inc - : Says total portfolio occupancy at December 31, 2016 was 94.8%, representing an increase of 120 basis points from prior year-end . Reports results for fourth quarter and full-year 2016 . Says same-center noi increased 0.3% for q4 and 2.3% for year ended December 31, 2016, over prior-year periods . Average gross rent per square foot increased 11.5% for stabilized mall leases signed in Q4 2016 and 7.6% for full-year 2016 over prior rate . Sees fy 2017 FFO per share $2.26 to $2.33 .Says assuming same-center NOI growth of 0.0% - 1.5% in 2017.  Full Article

CBL prices $400 million of senior unsecured notes
Tuesday, 6 Dec 2016 04:30pm EST 

CBL & Associates Properties Inc : CBL & Associates Properties Inc - priced a $400 million offering of 5.95% senior notes due 2026 . CBL & Associates Properties Inc - notes will mature on december 15, 2026 . CBL & Associates Properties - to use proceeds from offering of about $391 million to reduce amounts outstanding under unsecured revolving credit facilities .CBL prices $400 million of senior unsecured notes.  Full Article

CBL & Associates Properties Q2 adj. FFO per share $0.59
Thursday, 28 Jul 2016 04:15pm EDT 

Cbl & Associates Properties : Fy2016 FFO per share view $2.36 -- Thomson Reuters I/B/E/S . Reports Outstanding Second Quarter 2016 Results And Increases Full-Year guidance . Q2 adjusted FFO per share $0.59 . Sees FY 2016 adjusted FFO per share $2.36 to $2.40 .Center NOI growth to a range of 1.5% - 2.5% in 2016.  Full Article

CBL & Associates Properties updates on financial allegations
Monday, 13 Jun 2016 09:00am EDT 

Cbl & Associates Properties Inc : Learned that SEC conducting an investigation limited to four specific non-recourse secured loans originated in 2011 and 2012 . Review to ensure information given to lenders on lease status reports, revenues, expected revenues, did not materially vary from co's financial statements . Ernst & young has been engaged to conduct a "swift and thorough" investigation .Cbl & associates properties, inc. Provides update on recent financial allegations and anticipates near term resolution.  Full Article

CBL & Associates Properties, Inc. Announces Dispositions of Non-Core Properties
Monday, 16 Nov 2015 08:30am EST 

CBL & Associates Properties, Inc:Says that it had entered into a binding agreement for sale of Mayfaire Community Center, the 210,000-square-foot center located adjacent to CBL's Mayfaire Towne Center in Wilmington, NC.CBL acquired Mayfaire Towne Center and Mayfaire Community Center in June of 2015.Mayfaire Community Center will be sold to Principal Real Estate Investors for a cash purchase price of $56.3 million.CBL will provide leasing and management services for the new owners. The transaction is scheduled to close in December 2015, subject to customary closing conditions.Additionally, CBL and its JV partner closed on the sale of a 340-unit Class A apartment complex in Austin, TX, located adjacent to a retail property previously developed and sold by CBL.CBL held a participatory ground lease position in the apartment complex and received $18.4 million in net proceeds.  Full Article

BRIEF-CBL & Associates Q2 adjusted FFO per share $0.50

* CBL & Associates Properties reports results for second quarter 2017