A director at CBL & Associates Properties Inc sold 42,627 shares at 25.876USD and the significance rating of the trade was 83/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last t...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The independent financial analyst theScreener just awarded an improved star rating to CBL & ASSOCS.PROPS.INCO. (US), active in the Real Estate Investment Trusts industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 1 out of 4 possible stars. Given its market behaviour as risky, theScreener considers that these elements allowing slightly upgrading its general evaluation to Slightly Negative; the title, however, remains unattractive. As of the ana...
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE: CBL) today announced that it, along with its 50% joint venture partner, closed on a $155.0 million ($77.5 million at CBL’s share) non-recourse loan secured by CoolSprings Galleria in Nashville, TN. The 10-year loan bears interest at a fixed rate of 4.839%. Proceeds from the loan were used to retire the existing $97.7 million loan, which bore interest at a fixed rate of 6.98% and was scheduled to mature in June. CBL’s share of nearly $29.0 million in excess proceeds w...
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE: CBL) announced results for the first quarter ended March 31, 2018. A description of each supplemental non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located at the end of this news release. Three Months EndedMarch 31, 2018 ...
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE:CBL) today announced the first phase of redevelopment plans for the former Sears building at Brookfield Square in Milwaukee, Wisconsin. The redevelopment will deliver new dining and entertainment options, including new-to-market entertainment concept, WhirlyBall, and BistroPlexSM from Marcus Theatres®, which combines dining and moviegoing in every auditorium. Construction on the project is set to begin in early April. Planning is underway for additional phases of the redevelop...
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE:CBL) today announced that 2018 kicked off with strong January and February sales. Sales per square foot in CBL’s portfolio for reporting tenants under 10,000 square feet increased 5.6% for the two months ended February 28, 2018, putting it on-track to exceed the National Retail Federation’s (NRF) 2018 forecast for an increase in retail sales between 3.8% and 4.4%. According to the NRF, January sales increased 5.4% over 2017 and February sales increased 4.4% over 2017. ...
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE: CBL) today announced that it will provide an online audio webcast of the presentation given by its President and Chief Executive Officer, Stephen D. Lebovitz, at the Citi 2018 Global Property CEO Conference in Hollywood, Florida. The presentation will take place on Monday, March 5, 2018, at 8:50 a.m. ET. The live webcast of CBL’s presentation will be available online at cblproperties.com. The online replay will follow shortly after the presentation ends and continue ...
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a quarterly cash dividend for the Company’s Common Stock of $0.20 per share for the quarter ending March 31, 2018. The dividend is payable on April 17, 2018, to shareholders of record as of March 30, 2018. The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending March 31, 2018, for the Company’s 7.375% Series D Cumulative Redeemable Preferred Stock. The ...
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE: CBL) today announced plans to add new dining options as part of the redevelopment of two former Sears Auto Centers. The redevelopments will deliver fresh new eateries at both Volusia Mall in Daytona Beach, Florida, and Northgate Mall in Chattanooga, Tennessee. Construction on both projects will begin in March with an expected opening this fall. “CBL is committed to diversifying the uses at our properties to include more dining and other lifestyle options. We are thri...
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE:CBL) today announced the appointment of Mike Harrison to executive vice president – operations and Alan Lebovitz to executive vice president – management. Commenting on the promotions, CBL’s president & CEO, Stephen Lebovitz, said, “Mike and Alan have established themselves as leaders within CBL in their respective fields and the shopping center industry. We are pleased to recognize their accomplishments and significant contributions to the company. “M...
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL & Associates Properties, Inc. (NYSE:CBL) announced results for the fourth quarter and year ended December 31, 2017. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located at the end of this news release. ...
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE:CBL) today announced the tax reporting (Federal 1099) information for the 2017 distributions on its Common, Series D Preferred and Series E Preferred shares. The income tax treatment for the 2017 distributions for CBL & Associates Properties, Inc., Common Stock CUSIP # 124830-10-0 traded on the NYSE under ticker symbol “CBL” is as follows: ...
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE:CBL) today confirmed details of its transformation plan for Eastland Mall in Bloomington, IL. Global fashion retailer H&M and popular fitness center Planet Fitness will join the center as part of the redevelopment of the former JCPenney store. In addition to H&M and Planet Fitness, Outback Steakhouse is also slated to join the line-up at Eastland Mall. “We are thrilled to kick off 2018 by announcing a major anchor redevelopment project at Eastland Mall,” said Stephen ...
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties today announced a strategic holiday partnership with fashion and retail trade publication Women’s Wear Daily (WWD) to produce the “Ultimate Holiday Gift Guide.” CBL curated the gift guide with retailers across CBL’s national portfolio, highlighting some of the most coveted looks and trends for this holiday season. The complete guide is available on WWD’s website and is shoppable in-store across CBL’s portfolio. “In partnering with WWD to create this gift guide, we ar...
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