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CBL & Associates Properties Inc (CBL.N)

CBL.N on New York Stock Exchange

10.51USD
21 Feb 2017
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Latest Key Developments (Source: Significant Developments)

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

CBL & Associates Properties Declares Common Stock Dividend and Preferred Stock Dividend
Friday, 13 Nov 2015 04:15pm EST 

CBL & Associates Properties:CBL & Associates Properties, Inc.declared a quarterly cash dividend for the Company's Common Stock of $0.265 per share for the quarter ending December 31, 2015.dividend is payable on January 15, 2016, to shareholders of record as of December 30, 2015.Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending December 31, 2015, for the Company's 7.375% Series D Cumulative Redeemable Preferred Stock.dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on December 30, 2015, to shareholders of record as of December 14, 2015.Board also declared a quarterly cash dividend of $0.4140625 per depositary share for the quarter ending December 31, 2015, for the Company's 6.625% Series E Cumulative Redeemable Preferred Stock.dividend, which equates to an annual dividend payment of $1.65625 per depositary share, is payable on December 30, 2015, to shareholders of record as of December 14, 2015.  Full Article

CBL & Associates Properties Inc reiterates FY 2015 FFO outlook
Wednesday, 28 Oct 2015 04:15pm EDT 

CBL & Associates Properties Inc:Reiterating FY 2015 guidance for FFO, as adjusted, in the range of $2.25 - $2.32 per diluted share.FY 2015 FFO of $2.29 - Thomson Reuters I/B/E/S.  Full Article

CBL & Associates Properties Inc enters into a new $350 mln unsecured term loan
Tuesday, 20 Oct 2015 12:15pm EDT 

CBL & Associates Properties Inc:Completes financing activity totaling $1.45 billion.Says CBL also entered into a new $350 million unsecured term loan, maturing in October 2017.Says the term loan bears interest at libor plus 135 basis points, based on the company's current credit rating.  Full Article

CBL & Associates Properties Inc declares Common Stock Dividend and Preferred Stock dividend
Wednesday, 26 Aug 2015 01:45am EDT 

CBL & Associates Properties Inc:Has declared a quarterly cash dividend for the Company`s Common Stock of $0.265 per share for the quarter ending Sep. 30.Says the dividend is payable on Oct. 15, to shareholders of record as of Sep. 30.  Full Article

CBL & Associates Properties announces $200 million share repurchase program
Wednesday, 29 Jul 2015 04:15pm EDT 

CBL & Associates Properties Inc:Announces $200 mln share repurchase program.Do not intend to borrow funds to execute share repurchases.Says purchases may be made through the program through August 31, 2016.  Full Article

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BRIEF-CBL & Associates Properties reports results for Q4 and full-year 2016

* Says total portfolio occupancy at December 31, 2016 was 94.8%, representing an increase of 120 basis points from prior year-end