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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 & Associates Properties reports Q3 adjusted FFO per share of $0.50
Thursday, 2 Nov 2017 04:15pm EDT 

Nov 2 (Reuters) - Cbl & Associates Properties Inc ::CBL Properties reports results for third quarter 2017.Q3 adjusted FFO per share $0.50.Sees FY 2017 adjusted FFO per share $2.08 to $2.12.Total portfolio same-center NOI declined 2.6 percent for Q3 2017​.Q3 FFO per share view $0.54 -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $2.17 -- Thomson Reuters I/B/E/S.  Full Article

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

Fitch Downgrades CBL to 'BB+'; Outlook Negative

(The following statement was released by the rating agency) NEW YORK, November 09 (Fitch) Fitch Ratings has downgraded the ratings of CBL & Associates Properties, Inc. (NYSE: CBL) and its operating partnership, CBL & Associates Limited Partnership, including the Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BBB-'. The Rating Outlook is Negative. A full list of rating actions follows at the end of this release. Fitch's rating action is based on CBL facing portfolio-level operational stress