CBL & Associates Properties Management

Management criteria checks 3/4

CBL & Associates Properties' CEO is Stephen Lebovitz, appointed in Jan 2010, has a tenure of 14.83 years. total yearly compensation is $4.78M, comprised of 15% salary and 85% bonuses, including company stock and options. directly owns 1.15% of the company’s shares, worth $9.61M. The average tenure of the management team and the board of directors is 5.8 years and 3 years respectively.

Key information

Stephen Lebovitz

Chief executive officer

US$4.8m

Total compensation

CEO salary percentage	15.0%
CEO tenure	14.8yrs
CEO ownership	1.1%
Management average tenure	5.8yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CBL Properties goes ex-dividend tomorrow, expects to distribute one-time special dividend

Jul 07

Insider Weekends: Jonathan Heller Purchases 100,000 Shares Of CBL & Associates

Apr 24

CEO Compensation Analysis

How has Stephen Lebovitz's remuneration changed compared to CBL & Associates Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$32m
Jun 30 2024	n/a	n/a	US$29m
Mar 31 2024	n/a	n/a	US$3m
Dec 31 2023	US$5m	US$719k	US$5m
Sep 30 2023	n/a	n/a	-US$5m
Jun 30 2023	n/a	n/a	-US$33m
Mar 31 2023	n/a	n/a	-US$53m
Dec 31 2022	US$11m	US$719k	-US$96m
Sep 30 2022	n/a	n/a	-US$642m
Jun 30 2022	n/a	n/a	-US$669m
Mar 31 2022	n/a	n/a	-US$636m
Dec 31 2021	US$10m	US$672k	-US$622m
Sep 30 2021	n/a	n/a	-US$140m
Jun 30 2021	n/a	n/a	-US$153m
Mar 31 2021	n/a	n/a	-US$225m
Dec 31 2020	US$3m	US$602k	-US$332m
Sep 30 2020	n/a	n/a	-US$247m
Jun 30 2020	n/a	n/a	-US$283m
Mar 31 2020	n/a	n/a	-US$237m
Dec 31 2019	US$3m	US$672k	-US$154m
Sep 30 2019	n/a	n/a	-US$241m
Jun 30 2019	n/a	n/a	-US$164m
Mar 31 2019	n/a	n/a	-US$163m
Dec 31 2018	US$3m	US$707k	-US$123m
Sep 30 2018	n/a	n/a	-US$33m
Jun 30 2018	n/a	n/a	-US$22m
Mar 31 2018	n/a	n/a	US$43m
Dec 31 2017	US$3m	US$707k	US$76m

Compensation vs Market: Stephen's total compensation ($USD4.78M) is above average for companies of similar size in the US market ($USD3.22M).

Compensation vs Earnings: Stephen's compensation has been consistent with company performance over the past year.

CEO

Stephen Lebovitz (63 yo)

14.8yrs

Tenure

US$4,783,991

Compensation

Mr. Stephen D. Lebovitz serves as the Chief Executive Officer of CBL Holdings I, Inc and President of CBL Holdings I, Inc. Mr. Lebovitz has been the Chief Executive Officer of CBL & Associates Properties,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Stephen Lebovitz	CEO & Director	14.8yrs	US$4.78m	1.15% $ 9.6m
Michael Lebovitz	President	6.4yrs	US$1.85m	0.14% $ 1.2m
Benjamin Jaenicke	Executive VP	1.8yrs	US$2.72m	0.16% $ 1.3m
Kathryn Reinsmidt	Executive VP & COO	1.5yrs	US$1.74m	0.29% $ 2.4m
Jeffery Curry	Chief Legal Officer & Secretary	12.6yrs	US$1.67m	0.30% $ 2.5m
Andrew Cobb	Executive Vice President of Accounting	3.2yrs	no data	0.15% $ 1.2m
Stacey Keating	Vice President of Corporate Communications	5.8yrs	no data	no data
Mary Morse	Senior Vice President of Marketing	5.8yrs	no data	no data
Benjamin Staples	Senior VP of People & Culture	1.5yrs	no data	no data
Howard Grody	Executive Vice President of Leasing	16.4yrs	no data	0.15% $ 1.2m
Justice Wade	Senior Vice President of Development and Mixed-Use	5yrs	no data	no data
Alan Lebovitz	Executive Vice President of Management	22.8yrs	no data	0.14% $ 1.2m

5.8yrs

Average Tenure

58yo

Average Age

Experienced Management: CBL's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stephen Lebovitz	CEO & Director	31yrs	US$4.78m	1.15% $ 9.6m
Charles Lebovitz	Chairman Emeritus	no data	US$1.33m	0.092% $ 769.2k
David Contis	Non-Executive Chairman & Lead Independent Director	3yrs	US$266.27k	0.21% $ 1.8m
Michael Torres	Independent Director	1.4yrs	US$173.77k	0.017% $ 142.2k
Marjorie Bowen	Independent Director	3yrs	US$240.02k	0.085% $ 711.0k
Robert Gifford	Independent Director	3yrs	US$242.52k	0.060% $ 506.5k
David Fields	Independent Director	3yrs	US$235.02k	0.053% $ 446.4k
Jeffrey Kivitz	Independent Director	2.3yrs	US$230.02k	0.033% $ 279.3k

3.0yrs

Average Tenure

64yo

Average Age

Experienced Board: CBL's board of directors are considered experienced (3 years average tenure).

CBL & Associates Properties Management

Management criteria checks 3/4

Key information

Recent management updates

President recently sold US$1.1m worth of stock

President notifies of intention to sell stock

Key Executive recently sold US$122k worth of stock

CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2024

CEO & Director recently sold US$228k worth of stock

CEO & Director recently sold US$371k worth of stock

Recent updates

Upcoming dividend of US$0.40 per share

CBL & Associates Properties Vs. SITE Centers: Which Is The Better REIT For 2025

Third quarter 2024 earnings released: EPS: US$0.52 (vs US$0.41 in 3Q 2023)

Second quarter dividend of US$0.40 announced

CBL Properties Declares Cash Dividend for the Quarter Ending December 31, 2024, Payable on December 31, 2024

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.

Upcoming dividend of US$0.40 per share

President recently sold US$1.1m worth of stock

President notifies of intention to sell stock

CBL & Associates: 41% Variable-Rate Debt Set To Boost Cash Flows In 2025

Second quarter dividend of US$0.40 announced

CBL & Associates Properties, Inc. Provides Financial Guidance for the Full Year of 2024

CBL Properties Declares Third Quarter Common Stock Dividend, Payable on September 30, 2024

Upcoming dividend of US$0.40 per share

Key Executive recently sold US$122k worth of stock

CBL & Associates Properties, Inc. Reiterates Earnings Guidance for the Full Year 2024

First quarter 2024 earnings released: EPS: US$0.01 (vs US$0.063 in 1Q 2023)

CBL Properties Declares Cash Dividend for the Second Quarter Ending June 30, 2024, Payable on June 28, 2024

CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2024

CEO & Director recently sold US$228k worth of stock

CEO & Director recently sold US$371k worth of stock

Upcoming dividend of US$0.40 per share

CEO & Director recently sold US$1.1m worth of stock

CBL & Associates: An Attractive Buy Before Fed Rate Cuts

CEO & Director notifies of intention to sell stock

Full year 2023 earnings: EPS exceeds analyst expectations

Third quarter dividend increased to US$0.40

CBL & Associates Properties, Inc. Announces Increase in Quarterly Dividend for the Quarter Ending March 31, 2024, Payable on March 29, 2024

Former Bankrupt Mall REIT CBL & Associates Properties Is Still Struggling

Upcoming dividend of US$0.38 per share at 6.4% yield

Third quarter 2023 earnings released: EPS: US$0.43 (vs US$0.47 loss in 3Q 2022)

CBL & Associates Properties, Inc. Declares Cash Dividend for the Quarter Ending December 31, 2023, Payable on December 29, 2023

CBL & Associates: Finally A Compelling Deep Value Investment

Upcoming dividend of US$0.38 per share at 7.1% yield

CBL & Associates Properties, Inc. (NYSE:CBL) announces an Equity Buyback for $25 million worth of its shares.

Second quarter 2023 earnings released: US$0.67 loss per share (vs US$1.34 loss in 2Q 2022)

CBL & Associates Properties, Inc. Provides Earnings Guidance for the Year 2023

Cbl Properties Appoints Michael A. Torres to the Company's Board of Directors and as Member of the Company's Audit Committee

CBL Properties Appoints Michael A. Torres to Its Board of Directors and Member of Audit Committee

New minor risk - Insider selling

Upcoming dividend of US$0.38 per share at 6.4% yield

CBL Properties Appoints Benjamin Staples as Senior Vice President, People & Culture

CBL & Associates Properties: Back In The Game But Far From Winning It

CBL & Associates Properties, Inc. Reiterates Earnings Guidance for the Year 2023

First quarter 2023 earnings released: FFO per share: US$1.9 (vs US$0.28 in 1Q 2022)

CBL & Associates Properties, Inc. Declares Cash Dividend for the Quarter Ending June 30, 2023, Payable on June 30, 2023

Chairman & Lead Independent Director recently sold US$179k worth of stock

Chief Legal Officer & Secretary notifies of intention to sell stock

Chief Legal Officer & Secretary recently sold US$62k worth of stock

Chairman Emeritus recently sold US$96k worth of stock

Insider recently bought US$28m worth of stock

Upcoming dividend of US$0.38 per share at 5.6% yield

Full year 2022 earnings released: US$3.20 loss per share (vs US$3.72 loss in FY 2021)

CBL & Associates Properties, Inc. Declares Cash Dividend for the Quarter Ending March 31, 2023, Payable on March 31, 2023

CBL Properties ups quarterly dividend by 50% to $0.375

CBL & Associates Properties: A Fresh Start, But Not Yet Appealing

Cbl Properties Announces the Resignation of Kaj Vazales from Its Board of Directors

CBL Properties Announces Board Changes

CBL Properties' former CFO may get up to $2.42M in severance, consulting pay

CBL Properties Declares Special Dividend for Share of Common Stock, Payable All in Cash

Upcoming dividend of US$0.25 per share

Third quarter 2022 earnings released: FFO per share: US$1.2 (vs US$0.38 in 3Q 2021)

High number of new and inexperienced directors

CBL Properties FFO of $1.55, revenue of $136.28M

CBL Properties Declares Fourth Quarter Common Stock Dividend, Payable on December 30, 2022

Upcoming dividend of US$0.25 per share

CBL Properties announces CFO transition plan

Second quarter 2022 earnings released

CBL Properties reports Q2 results