Recent Insider Transactions Derivative • 18h
Executive VP notifies of intention to sell stock Benjamin Jaenicke intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of June. If the sale is conducted around the recent share price of US$48.36, it would amount to US$314k. Since September 2025, Benjamin's direct individual holding has increased from 52.63k shares to 137.11k. Company insiders have collectively sold US$824k more than they bought, via options and on-market transactions in the last 12 months. Live News • May 29
CBL Properties Generates US$26 Million From Hammock Landing Sale to Fund Gateway Mall Acquisition CBL Properties and its joint venture partner closed the sale of Hammock Landing, a 397,000 square-foot open-air center in West Melbourne, FL.
The transaction generated approximately US$26 million of cash proceeds for CBL.
Management indicated the sale supports CBL's capital recycling approach and effectively matched the equity required to acquire Gateway Mall earlier in the year.
This sale highlights CBL's continued focus on reshaping its portfolio by reallocating capital from one property into another rather than simply raising new equity.
For you, the key consideration is how effectively CBL can execute this recycling approach while managing any potential impact on rental income, tenant mix, and geographic exposure. Recent Insider Transactions • May 19
Executive Vice President of Accounting recently sold US$371k worth of stock On the 14th of May, Andrew Cobb sold around 8k shares on-market at roughly US$45.80 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$824k more than they bought in the last 12 months. Recent Insider Transactions Derivative • May 17
Executive Vice President of Accounting notifies of intention to sell stock Andrew Cobb intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of May. If the sale is conducted around the recent share price of US$46.57, it would amount to US$380k. Since December 2025, Andrew's direct individual holding has increased from 37.08k shares to 67.77k. Company insiders have collectively sold US$453k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 11
First quarter 2026 earnings released: FFO per share: US$2.8 (vs US$1.14 in 1Q 2025) First quarter 2026 results: FFO per share: US$2.8 (up from US$1.14 in 1Q 2025). Revenue: US$146.0m (up 3.0% from 1Q 2025). Funds from operations (FFO): US$85.2m (up 145% from 1Q 2025). FFO margin: 58% (up from 25% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 11
Dividend of US$0.63 announced Shareholders will receive a dividend of US$0.63. Ex-date: 12th June 2026 Payment date: 30th June 2026 Dividend yield will be 4.5%, which is lower than the industry average of 5.2%. Announcement • May 09
CBL & Associates Properties, Inc. announces Quarterly dividend, payable on June 30, 2026 CBL & Associates Properties, Inc. announced Quarterly dividend of USD 0.6250 per share payable on June 30, 2026, ex-date on June 12, 2026 and record date on June 12, 2026. Announcement • Apr 23
CBL & Associates Properties, Inc., Annual General Meeting, May 21, 2026 CBL & Associates Properties, Inc., Annual General Meeting, May 21, 2026. Upcoming Dividend • Apr 04
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 10 April 2026. Payment date: 17 April 2026. Trailing yield: 4.5%. Within top quartile of American dividend payers (4.4%). In line with average of industry peers (4.7%). Announcement • Apr 02
Cbl & Associates Properties, Inc. Approves Special Cash Dividend for First Quarter of 2026, Payable on April 17, 2026 CBL & Associates Properties, Inc. announced that its Board of Directors has approved a special cash dividend of $0.175 per common share for the first quarter of 2026. The special dividend is in addition to the previously declared $0.45 per share dividend announced on February 11, 2026, resulting in a total first-quarter dividend of $0.625 per share, a 39% increase. The special dividend will be paid on April 17, 2026, to shareholders of record as of April 10, 2026. The special dividend represents an increase in the Company’s dividend for the first quarter and is expected to be incorporated into the ongoing regular quarterly dividend beginning in the second quarter, subject to Board approval. The new quarterly dividend equates to an annualized rate of $2.50 per common share. Upcoming Dividend • Mar 10
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 17 March 2026. Payment date: 31 March 2026. Trailing yield: 4.7%. Within top quartile of American dividend payers (4.3%). In line with average of industry peers (4.5%). Reported Earnings • Feb 15
Full year 2025 earnings released: FFO per share: US$6.9 (vs US$6.41 in FY 2024) Full year 2025 results: FFO per share: US$6.9 (up from US$6.41 in FY 2024). Revenue: US$578.4m (up 12% from FY 2024). Funds from operations (FFO): US$209.0m (up 5.4% from FY 2024). FFO margin: 36% (down from 38% in FY 2024). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Feb 13
CBL Properties Provides Earnings Guidance for 2026 CBL Properties provided earnings guidance for 2026. For the period, the company expects Net Income to be in the range of $23.6 millions to $33.6 millions. Diluted earnings per common share is expected to be in the range of $0.60 to $0.92. Announcement • Feb 12
CBL Properties Declares Dividend for the First Quarter Ending March 31, 2026, Payable on March 31, 2026 CBL Properties announced that its Board of Directors has declared a regular cash dividend of $0.45 per common share for the quarter ending March 31, 2026. The dividend is payable on March 31, 2026, to shareholders of record as of March 17, 2026. Recent Insider Transactions • Dec 05
Chief Legal Officer & Secretary recently sold US$167k worth of stock On the 2nd of December, Jeffery Curry sold around 5k shares on-market at roughly US$33.33 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$209k. Insiders have been net sellers, collectively disposing of US$862k more than they bought in the last 12 months. New Risk • Dec 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 66% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings are forecast to decline by an average of 66% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$258k sold). Recent Insider Transactions • Nov 20
Independent Director recently bought US$127k worth of stock On the 17th of November, Michael Torres bought around 4k shares on-market at roughly US$31.84 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$695k more in shares than they bought in the last 12 months. Declared Dividend • Nov 09
Third quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 25th November 2025 Payment date: 11th December 2025 Dividend yield will be 7.6%, which is higher than the industry average of 5.2%. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$2.52 (vs US$0.52 in 3Q 2024) Third quarter 2025 results: EPS: US$2.52 (up from US$0.52 in 3Q 2024). Revenue: US$139.3m (up 11% from 3Q 2024). Net income: US$76.6m (up 383% from 3Q 2024). Profit margin: 55% (up from 13% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 143% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Nov 07
CBL Properties Provides Earnings Guidance for 2025 CBL Properties provided earnings guidance for 2025. For the period, the company expects Net Income to be in the range of $101.4 millions to $112.4 millions. Diluted earnings per common share is expected to be in the range of $3.21 to $3.57. Announcement • Nov 06
CBL & Associates Properties, Inc. Declares Regular Cash Dividend for the Quarter Ending December 31, 2025, Payable on December 11, 2025 CBL & Associates Properties, Inc. announced that its Board of Directors has declared a regular cash dividend of $0.45 per common share for the quarter ending December 31, 2025. The dividend is payable on December 11, 2025, to shareholders of record as of November 25, 2025. Recent Insider Transactions • Oct 15
Executive Vice President of Accounting recently sold US$209k worth of stock On the 10th of October, Andrew Cobb sold around 7k shares on-market at roughly US$28.39 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$823k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Oct 10
Executive Vice President of Accounting notifies of intention to sell stock Andrew Cobb intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of October. If the sale is conducted around the recent share price of US$29.16, it would amount to US$215k. Since December 2024, Andrew's direct individual holding has increased from 44.05k shares to 46.91k. Company insiders have collectively bought US$1.4m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Sep 23
Chief Legal Officer & Secretary notifies of intention to sell stock Jeffery Curry intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of September. If the sale is conducted around the recent share price of US$30.35, it would amount to US$152k. Since December 2024, Jeffery's direct individual holding has increased from 85.36k shares to 102.60k. Company insiders have collectively bought US$1.4m more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 30 September 2025. Trailing yield: 5.6%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.8%). Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Michael Torres was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 29
Executive VP recently sold US$155k worth of stock On the 27th of August, Benjamin Jaenicke sold around 5k shares on-market at roughly US$31.00 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Benjamin has been a net seller over the last 12 months, reducing personal holdings by US$251k. Recent Insider Transactions Derivative • Aug 28
Executive VP notifies of intention to sell stock Benjamin Jaenicke intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of August. If the sale is conducted around the recent share price of US$31.15, it would amount to US$156k. Since September 2024, Benjamin's direct individual holding has increased from 49.42k shares to 59.60k. Company insiders have collectively bought US$1.5m more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Aug 07
Second quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 15th September 2025 Payment date: 30th September 2025 Dividend yield will be 8.7%, which is higher than the industry average of 5.2%. Announcement • Aug 07
CBL & Associates Properties, Inc. Provides Earnings Guidance for the Full Year of 2025 CBL & Associates Properties, Inc. provided earnings guidance for the full year of 2025. For the year, the company expects net income to be between $14.7 million to $25.7 million. Diluted earnings per common share to be between $0.49 to $0.85. Reported Earnings • Aug 06
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: US$0.084 (down from US$0.14 in 2Q 2024). Revenue: US$140.9m (up 8.7% from 2Q 2024). Net income: US$2.57m (down 43% from 2Q 2024). Profit margin: 1.8% (down from 3.5% in 2Q 2024). Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 50%. Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 05
CBL Properties Declares Quarterly Cash Dividend, Payable on September 30, 2025 CBL Properties announced that its Board of Directors has declared a cash dividend of $0.45 per common share for the quarter ending September 30, 2025, a 12.5% increase from the previous quarterly dividend rate. The dividend, which equates to an annual dividend payment of $1.80 per common share, is payable on September 30, 2025, to shareholders of record as of September 15, 2025. Upcoming Dividend • Jun 06
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 30 June 2025. Trailing yield: 6.4%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.1%). Reported Earnings • May 05
First quarter 2025 earnings released: EPS: US$0.27 (vs US$0.007 loss in 1Q 2024) First quarter 2025 results: EPS: US$0.27 (up from US$0.007 loss in 1Q 2024). Revenue: US$141.8m (up 9.8% from 1Q 2024). Net income: US$8.21m (up US$8.42m from 1Q 2024). Profit margin: 5.8% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • May 05
Fourth quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 13th June 2025 Payment date: 30th June 2025 Dividend yield will be 9.8%, which is higher than the industry average of 5.2%. Announcement • Apr 24
CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2025 CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2025. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$22.42, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 29x in the Retail REITs industry in the US. Total loss to shareholders of 7.9% over the past three years. Recent Insider Transactions • Mar 12
Key Executive recently sold US$152k worth of stock On the 7th of March, David Contis sold around 5k shares on-market at roughly US$29.12 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$196k. David has been a net seller over the last 12 months, reducing personal holdings by US$274k. Recent Insider Transactions Derivative • Mar 09
Key Executive notifies of intention to sell stock David Contis intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of March. If the sale is conducted around the recent share price of US$30.03, it would amount to US$157k. Since June 2024, David's direct individual holding has increased from 65.02k shares to 69.04k. Company insiders have collectively sold US$871k more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Mar 06
Upcoming dividend of US$1.20 per share Eligible shareholders must have bought the stock before 13 March 2025. Payment date: 31 March 2025. Trailing yield: 5.5%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (4.7%). Announcement • Feb 25
CBL Properties Announces Promotion of Karen Walker to Senior Vice President – Technology Solutions CBL Properties announced several promotions including one promotion to Senior Vice President and five new Vice Presidents. Karen Walker was promoted to Senior Vice President – Technology Solutions. Karen joined the CBL team in 2014 and throughout her tenure has assumed increasing responsibilities, including roles as a programmer, business and supply chain analyst, and business intelligence. In 2021, she was promoted to Vice President – Technology Solutions and is responsible for overseeing CBL’s technology solutions department. Karen’s leadership, creativity, and solutions-oriented mindset has been integral in enhancing CBL’s technological capabilities to better meet the needs of the company. Karen holds a B.A. in Computer Science from Indiana University. Announcement • Feb 17
CBL & Associates Properties, Inc. (NYSE:CBL) acquired Imperial Valley Mall, L.P. for $38.1 million. CBL & Associates Properties, Inc. (NYSE:CBL) acquired Imperial Valley Mall, L.P. for $38.1 million on February 17, 2025.
CBL & Associates Properties, Inc. (NYSE:CBL) completed the acquisition of Imperial Valley Mall, L.P. for $38.1 million on February 17, 2025. Declared Dividend • Feb 16
Third quarter dividend of US$1.20 announced Shareholders will receive a dividend of US$1.20. Ex-date: 13th March 2025 Payment date: 31st March 2025 Dividend yield will be 7.3%, which is higher than the industry average of 5.2%. Announcement • Feb 15
CBL & Associates Properties, Inc. Provides Earnings Guidance for the Full Year of 2025 CBL & Associates Properties, Inc. provided earnings guidance for the full year of 2025. For the period, the company expects diluted earnings per common share to be $1.07 to $1.43. Reported Earnings • Feb 14
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$1.87 (up from US$0.17 in FY 2023). Revenue: US$515.6m (down 3.7% from FY 2023). Net income: US$57.8m (up US$52.3m from FY 2023). Profit margin: 11% (up from 1.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 76%. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
An undisclosed buyer acquired Monroeville Mall from CBL & Associates Properties, Inc. (NYSE:CBL) for $34 million. An undisclosed buyer acquired Monroeville Mall from CBL & Associates Properties, Inc. (NYSE:CBL) for $34 million on January 31, 2025. Approximately $7.1 million of the net proceeds was used to reduce the outparcel and open-air center loan to $333 million, enabling the release of a collateral parcel.
An undisclosed buyer completed the acquisition of Monroeville Mall from CBL & Associates Properties, Inc. (NYSE:CBL) for $34 million on January 31, 2025. Recent Insider Transactions • Jan 15
Executive Vice President of Accounting recently sold US$196k worth of stock On the 10th of January, Andrew Cobb sold around 7k shares on-market at roughly US$28.84 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.4m more than they bought in the last 12 months. Upcoming Dividend • Nov 18
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 25 November 2024. Payment date: 11 December 2024. Trailing yield: 5.9%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (4.6%). Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: US$0.52 (vs US$0.41 in 3Q 2023) Third quarter 2024 results: EPS: US$0.52 (up from US$0.41 in 3Q 2023). Revenue: US$125.1m (down 3.3% from 3Q 2023). Net income: US$15.9m (up 22% from 3Q 2023). Profit margin: 13% (up from 10.0% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Oct 17
Second quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 13th December 2024 Payment date: 31st December 2024 Dividend yield will be 5.9%, which is higher than the industry average of 5.2%. Announcement • Oct 15
CBL Properties Declares Cash Dividend for the Quarter Ending December 31, 2024, Payable on December 31, 2024 CBL Properties announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending December 31, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on December 31, 2024, to shareholders of record as of December 13, 2024. Announcement • Sep 12
An undisclosed buyer acquired Layton Hills Convenience Center, Layton Hills Plaza and nine related outparcels in Layton from CBL & Associates Properties, Inc. (NYSE:CBL) for $28.5 million. An undisclosed buyer acquired Layton Hills Convenience Center, Layton Hills Plaza and nine related outparcels in Layton from CBL & Associates Properties, Inc. (NYSE:CBL) for $28.5 million on September 11, 2024. Net proceeds from the sale were applied to the term loan principal balance and open-air and outparcel loan.
An undisclosed buyer completed the acquisition of Layton Hills Convenience Center, Layton Hills Plaza and nine related outparcels in Layton from CBL & Associates Properties, Inc. (NYSE:CBL) on September 11, 2024. Upcoming Dividend • Sep 06
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 30 September 2024. Trailing yield: 6.2%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.6%). Recent Insider Transactions • Aug 20
President recently sold US$1.1m worth of stock On the 16th of August, Michael Lebovitz sold around 43k shares on-market at roughly US$25.88 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Aug 16
President notifies of intention to sell stock Michael Lebovitz intends to sell 43k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of August. If the sale is conducted around the recent share price of US$25.60, it would amount to US$1.1m. Since December 2023, Michael's direct individual holding has increased from 66.18k shares to 87.37k. Company insiders have collectively sold US$3.1m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Aug 11
Second quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 13th September 2024 Payment date: 30th September 2024 Dividend yield will be 6.2%, which is higher than the industry average of 5.2%. Announcement • Aug 09
CBL & Associates Properties, Inc. Provides Financial Guidance for the Full Year of 2024 CBL & Associates Properties, Inc. provides financial guidance for the full year of 2024. For the period, the company expects diluted earnings per common share to be $0.08 to $0.52. Announcement • Aug 08
CBL Properties Declares Third Quarter Common Stock Dividend, Payable on September 30, 2024 CBL Properties announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending September 30, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on September 30, 2024, to shareholders of record as of September 13, 2024. Upcoming Dividend • Jun 06
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 28 June 2024. Trailing yield: 7.0%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (5.1%). Recent Insider Transactions • May 16
Key Executive recently sold US$122k worth of stock On the 15th of May, David Contis sold around 6k shares on-market at roughly US$22.25 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.1m. This was David's only on-market trade for the last 12 months. Announcement • May 11
CBL & Associates Properties, Inc. Reiterates Earnings Guidance for the Full Year 2024 CBL & Associates Properties, Inc. reiterated earnings guidance for the full year 2024. For the period, the company expects diluted earnings per common share to be $0.18 to $0.63. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: US$0.01 (vs US$0.063 in 1Q 2023) First quarter 2024 results: EPS: US$0.01 (down from US$0.063 in 1Q 2023). Revenue: US$129.1m (down 5.3% from 1Q 2023). Net income: US$309.0k (down 84% from 1Q 2023). Profit margin: 0.2% (down from 1.5% in 1Q 2023). Announcement • May 09
CBL Properties Declares Cash Dividend for the Second Quarter Ending June 30, 2024, Payable on June 28, 2024 CBL Properties announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending June 30, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on June 28, 2024, to shareholders of record as of June 13, 2024. Announcement • Apr 23
CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2024 CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2024, at 14:00 Eastern Daylight. Agenda: To act on the re-election of the Board of Directors’ seven director nominees to serve for a term of one year and until their respective successors are elected and qualified; to act upon a proposal to ratify the selection of Deloitte & Touche LLP (“ Deloitte ”) as the independent registered public accountants for the Company’s fiscal year ending December 31, 2024; to act upon a proposal for the advisory approval of the compensation of our Named Executive Officers as set forth herein; and to discuss other matters. Recent Insider Transactions • Mar 26
CEO & Director recently sold US$228k worth of stock On the 22nd of March, Stephen Lebovitz sold around 10k shares on-market at roughly US$22.53 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$1.1m. Stephen has been a net seller over the last 12 months, reducing personal holdings by US$2.7m. Recent Insider Transactions • Mar 12
CEO & Director recently sold US$371k worth of stock On the 8th of March, Stephen Lebovitz sold around 16k shares on-market at roughly US$23.31 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$1.1m. Stephen has been a net seller over the last 12 months, reducing personal holdings by US$1.5m. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Trailing yield: 6.8%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (5.1%). Recent Insider Transactions • Mar 01
CEO & Director recently sold US$1.1m worth of stock On the 28th of February, Stephen Lebovitz sold around 45k shares on-market at roughly US$23.54 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Feb 28
CEO & Director notifies of intention to sell stock Stephen Lebovitz intends to sell 117k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of February. If the sale is conducted around the recent share price of US$24.05, it would amount to US$2.8m. For the year to December 2017, Stephen's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2023, Stephen's direct individual holding has increased from 369.66k shares to 469.00k. Company insiders have collectively bought US$28m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Feb 14
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: FFO per share: US$6.7 (up from US$5.95 in FY 2022). Revenue: US$535.3m (down 4.9% from FY 2022). Funds from operations (FFO): US$211.1m (up 18% from FY 2022). FFO margin: 39% (up from 32% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Declared Dividend • Feb 12
Third quarter dividend increased to US$0.40 Dividend of US$0.40 is 6.7% higher than last year. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 6.4%, which is higher than the industry average of 5.2%. Announcement • Feb 10
CBL & Associates Properties, Inc. Announces Increase in Quarterly Dividend for the Quarter Ending March 31, 2024, Payable on March 29, 2024 CBL & Associates Properties, Inc. announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending March 31, 2024, a 6.7% increase from the previous quarterly dividend rate. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on March 29, 2024, to shareholders of record as of March 15, 2024. Upcoming Dividend • Dec 04
Upcoming dividend of US$0.38 per share at 6.4% yield Eligible shareholders must have bought the stock before 11 December 2023. Payment date: 29 December 2023. Trailing yield: 6.4%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.3%). Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: US$0.43 (vs US$0.47 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.43 (up from US$0.47 loss in 3Q 2022). Revenue: US$129.4m (down 5.1% from 3Q 2022). Net income: US$13.6m (up US$28.1m from 3Q 2022). Profit margin: 11% (up from net loss in 3Q 2022). Announcement • Nov 09
CBL & Associates Properties, Inc. Declares Cash Dividend for the Quarter Ending December 31, 2023, Payable on December 29, 2023 CBL & Associates Properties, Inc. announced that its Board of Directors has declared a cash dividend of $0.375 per common share for the quarter ending December 31, 2023. The dividend, which equates to an annual dividend payment of $1.50 per common share, is payable on December 29, 2023, to shareholders of record as of December 12, 2023. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.38 per share at 7.1% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Trailing yield: 7.1%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (5.5%). Announcement • Aug 11
CBL & Associates Properties, Inc. (NYSE:CBL) announces an Equity Buyback for $25 million worth of its shares. CBL & Associates Properties, Inc. (NYSE:CBL) announces a share repurchase program. Under the program, the company will repurchase up to $25 million worth of its shares. The program will expire on August 10, 2024. Reported Earnings • Aug 10
Second quarter 2023 earnings released: US$0.67 loss per share (vs US$1.34 loss in 2Q 2022) Second quarter 2023 results: US$0.67 loss per share (improved from US$1.34 loss in 2Q 2022). Revenue: US$129.9m (down 5.2% from 2Q 2022). Net loss: US$21.1m (loss narrowed 49% from 2Q 2022). Announcement • Jul 06
Cbl Properties Appoints Michael A. Torres to the Company's Board of Directors and as Member of the Company's Audit Committee CBL Properties reported that Michael A. Torres has been appointed to the Company's board of directors. Torres was also appointed to serve as a member of the Company's Audit Committee. According to a release, Torres serves as chief executive officer and portfolio manager of Adelante Capital Management, LLC, a minority-owned investment management firm focused on publicly traded real estate securities. Torres joined the firm in February 1995. Prior to joining Adelante, Torres was the director of real estate research and a portfolio manager for Wilshire Asset Management. At Wilshire, he created the Wilshire Real Estate Securities Index, widely recognized as the industry's performance benchmark. Torres serves on the board of directors of Colovore and Renova Therapeutics, Investment Committee for the Stern Grove Festival Foundation, and the BEE Partners LP Advisory Board. Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of properties located in dynamic and growing communities. Announcement • Jun 16
CBL Properties Appoints Michael A. Torres to Its Board of Directors and Member of Audit Committee CBL Properties announced that Michael A. Torres has been appointed to the Company’s board of directors. Mr. Torres was also appointed to serve as a member of the Company’s Audit Committee. Mr. Torres serves as chief executive officer and portfolio manager of Adelante Capital Management, LLC, a minority-owned investment management firm focused on publicly traded real estate securities. Mr. Torres joined the firm in February 1995. Prior to joining Adelante, Mr. Torres was the director of real estate research and a portfolio manager for Wilshire Asset Management. At Wilshire, he created the Wilshire Real Estate Securities Index, widely recognized as the industry’s performance benchmark. Mr. Torres serves on the board of directors of Colovore LLC and Renova Therapeutics, Investment Committee for the Stern Grove Festival Foundation, and the BEE Partners LP Advisory Board. Mr. Torres received a B.A. in Architecture and an M.B.A. from University of California, Berkeley. New Risk • Jun 09
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$338k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Significant insider selling over the past 3 months (US$338k sold). Upcoming Dividend • Jun 06
Upcoming dividend of US$0.38 per share at 6.4% yield Eligible shareholders must have bought the stock before 13 June 2023. Payment date: 30 June 2023. Trailing yield: 6.4%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (5.5%).