CBL & Associates Properties, Inc.

CBL Properties Reports Third Quarter 2026 Results and Raises Full-Year Guidance

CBL Properties reported Q3 2026 adjusted FFO of $1.90 per share, up 23% from $1.55 a year ago, with same-center NOI up 3.8% and diluted EPS of $0.37. Portfolio occupancy rose 130 bps year-over-year to 91.5%, comparable lease spreads were 6.8%, and trailing twelve-month same-center tenant sales reached $463 per square foot, up 3.6%. Management raised full-year 2026 adjusted FFO guidance to $7.34-$7.44 per share — the second raise this year — and the Board authorized a new $25.0 million stock repurchase program. The balance sheet strengthened materially: nearly $1.0 billion of financings closed year-to-date left no major maturities until 2028 and added over $45.0 million of annual free cash flow, while asset sales generated more than $101.3 million of gross proceeds at CBL's share.

•3d ago

CBL Properties Authorizes $25.0 Million Stock Repurchase Plan

CBL Properties' board authorized a new repurchase program of up to $25.0 million of common stock, executable through December 31, 2027. CEO Stephen Lebovitz said the shares are undervalued relative to the portfolio's quality and cash flow, citing a stronger balance sheet, no major debt maturities until 2028, and over $366.0 million in cash. The program carries no repurchase obligation and can be suspended at any time, so the practical capital return may fall well short of the headline authorization.

•4d ago

CBL Properties Announces $135.0 Million Refinancing of West County Center

CBL Properties closed a $135.0 million non-recourse refinancing of West County Center, replacing a $136.4 million loan that was set to mature in December 2026. The new five-year loan carries a 7.4% fixed rate, removes the prior loan's cash management sweep, and is expected to unlock more than $7.0 million of annual free cash flow. This addresses the company's last near-term debt maturity. Year-to-date, CBL has completed nearly $1.0 billion in new financing, which management estimates has unlocked approximately $45.0 million in incremental annual cash flow and removed maturity risk for the next few years.

•1mo ago

CBL Properties Closes Two Strategic Land Sales, Bringing Year-to-Date Land Sale Proceeds to More Than $30 Million

CBL Properties closed two land sales at Harford Mall in Bel Air, Maryland and Friendly Center in Greensboro, North Carolina, lifting year-to-date gross land-sale proceeds to more than $30 million. The parcels will enable more than 515 class-A multifamily units: 249 units with Cohere Development at Harford Mall and 270 units with Hines adjacent to a Whole Foods at Friendly Center. The sales align with CBL's stated strategy of monetizing underappreciated land while seeding complementary mixed-use development, which management says demonstrates embedded portfolio value.

•1mo ago

CBL Properties Reports Strong Results for Second Quarter 2026

CBL Properties reported solid Q2 2026 results with funds from operations (FFO) as adjusted reaching $1.89 per share, up from $1.86 a year ago. Portfolio occupancy improved 160 basis points to 90.4%, supported by robust leasing volume and 8.8% positive rent spreads, driving the company to raise its full-year FFO guidance to $7.15-$7.25 per share. The company strengthened its balance sheet through refinancing activities, ending the quarter with over $322 million in unrestricted cash and maintaining its $2.50 annualized dividend.

•3mo ago

CBL Properties Declares Third Quarter Regular Cash Dividend

CBL Properties declared a regular cash dividend of $0.625 per common share for the quarter ending September 30, 2026. The dividend is payable on September 30, 2026 to shareholders of record as of September 15, 2026. This announcement maintains the status quo for the company's capital return policy.

•3mo ago

CBL Properties Announces DICK’S House of Sport to Join CoolSprings Galleria in Nashville, Tennessee

CBL Properties announced that DICK’S House of Sport will replace the vacating JCPenney as an anchor at CoolSprings Galleria in Franklin, Tennessee. The new tenant will occupy a 100,000+ square foot experiential space, with construction slated to begin after JCPenney closes this fall and an opening targeted for early 2028. This redevelopment is part of a broader transformation at the property that includes a recently opened L.L.Bean store and a new multi-family development led by Greystar.

•4mo ago

CBL Properties and Greystar Announce Upscale Multi-Family Development at CoolSprings Galleria in Nashville, Tennessee

CBL Properties sold a 5.35-acre parcel of land at its CoolSprings Galleria mall in Franklin, Tennessee, to Greystar for a mixed-use development. The project will include 361 residential units and 15,000 square feet of ground-floor retail, with construction expected to take approximately two years. CEO Stephen Lebovitz stated the transaction unlocks value from a non-income-producing asset while adding density to the property.

•4mo ago

CBL Properties Closes on Strategic Land Sale at Harford Mall in Bel Air, Maryland

CBL Properties closed on the sale of a 10.468-acre parcel at Harford Mall in Bel Air, Maryland, to SJC Ventures. The land, which includes the former Macy’s location, will be demolished to make way for a future mixed-use redevelopment as part of a broader masterplan. CEO Stephen Lebovitz highlighted that CBL has more than $30 million of additional land sales in process across its portfolio, signaling strong demand for well-located real estate in high-barrier markets.

•5mo ago

CBL Properties Announces Significant New Leasing Activity at West County Center in St. Louis, Missouri

CBL Properties announced significant new leasing activity at its West County Center mall in St. Louis, including The Cheesecake Factory and POP MART. The property currently boasts 98% occupancy, 7.1 million annual visitors, and sales just under $900 per square foot, ranking it among CBL’s top assets. Additional retailers such as Levi’s, Urban Outfitters, and Perfumania are scheduled for grand openings this year, while existing tenants like American Eagle and Victoria’s Secret are undergoing renovations.

•5mo ago

CBL Properties Declares Increased Second Quarter Regular Cash Dividend

CBL Properties declared a Q2 cash dividend of $0.625 per share, representing a 39% increase over the prior regular quarterly dividend. The dividend is payable on June 30, 2026 to shareholders of record as of June 12, 2026. This hike reflects the company's strategy of strengthening its portfolio through active management and aggressive leasing.

•6mo ago