|Bid||1.86 x 1100|
|Ask||4.01 x 28000|
|Day's range||3.43 - 3.71|
|52-week range||3.43 - 8.79|
|Beta (3Y Monthly)||1.26|
|PE ratio (TTM)||N/A|
|Earnings date||29 Oct 2018|
|Forward dividend & yield||0.80 (21.86%)|
|1y target est||3.82|
CBL Properties (CBL) announced today that their portfolio of market-dominant regional shopping centers will open at 6:00 a.m. on Black Friday, November 23rd, and will be closed on Thanksgiving Day for the third consecutive year. “Thanksgiving and Black Friday are two great American traditions,” said Stephen Lebovitz, chief executive officer, CBL Properties.
CBL Properties today announced that it will provide an online audio webcast of the presentation given by its Chief Executive Officer, Stephen D. Lebovitz, at the Bank of America Merrill Lynch 2018 Global Real Estate Conference in New York City.
CBL Properties (CBL) will open RACHEL Rachel Roy's first stand-alone store at Oak Park Mall in Kansas City. The move indicates its efforts to aid online retailers to explore physical markets.
CBL Properties (CBL) today announced that Kansas City shoppers will enjoy exclusive access to the latest fashion from international fashion and lifestyle brand RACHEL Rachel Roy. CBL and Rachel Roy are partnering to deliver the brands’ first ever in-mall pop-up shop at CBL’s premier Kansas City property, Oak Park Mall. Rachel Roy’s pop-up shop is set to open at Oak Park Mall on the heels of Kansas City Fashion Week in late September, where both Rachel Roy and Oak Park Mall will participate in events throughout the week.
CBL Properties (CBL) today announced that it closed on a $75.0 million non-recourse loan secured by The Outlet Shoppes at El Paso in El Paso, TX. Proceeds from the loan were used to retire a $6.5 million loan secured by the second phase of the property which was scheduled to mature. CBL’s share of net proceeds of $65.0 million were utilized to reduce outstanding balances on the Company’s unsecured lines of credit.
CBL Properties (CBL) today announced the retirement of Gus Stephas, CBL’s EVP – Chief Operating Officer, rounding out a nearly 50 year career in the real estate industry. “On behalf of CBL’s Board of Directors, employees and business partners, I would like to recognize and thank Gus for his dedication and contributions to CBL’s success over the years,” stated Stephen Lebovitz, CBL’s Chief Executive Officer. “Gus has contributed to CBL and the shopping center industry in innumerable ways throughout his multi-decade career,” continued Lebovitz.
NEW YORK, Sept. 04, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
The latest measures of CBL Properties (CBL) will provide the dry powder for its redevelopment efforts which has become essential in the wake of the retail apocalypse.
CBL Properties (CBL) today announced that it closed on the sale of Statesboro Crossing, a community center located in Statesboro, GA, for $21.5 million in cash. “We are pleased to close on the sale of Statesboro Crossing, providing an attractively priced source of equity to supplement our other sources of capital,” said Stephen Lebovitz, chief executive officer. Statesboro Crossing is located on an approximately 50-acre site at the southwest corner of Brannen Street Extension and Veteran’s Memorial Parkway.
CBL Properties (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 September 30, 2018. The dividend is payable on October 16, 2018, to shareholders of record as of October 1, 2018. The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending September 30, 2018, for the Company’s 7.375% Series D Cumulative Redeemable Preferred Stock.
REITs that own low-quality malls have seen their stock prices sag in recent years. But one retail REIT is in the midst of dramatically upgrading its portfolio, which could drive big gains for investors in the next few years.
CBL (CBL) delivered earnings and revenue surprises of 9.52% and 4.71%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
CHATTANOOGA, Tenn. (AP) _ CBL & Associates Properties Inc. (CBL) on Wednesday reported a key measure of profitability in its second quarter. The results beat Wall Street expectations. The Chattanooga, Tennessee-based real estate investment trust said it had funds from operations of $80.2 million, or 46 cents per share, in the period.
The redevelopment will deliver a brand new, state-of-the-art 87,000-square-foot ShopRite supermarket. Village Super Market, Inc. and the Sumas family, owners and operators of 30 ShopRite stores in New Jersey, Maryland, New York and Pennsylvania, will bring their newest store to the Stroud Mall in 2019. The Stroud Mall ShopRite will focus on providing fresh prepared foods, produce, meat and seafood, while offering a large and varied selection of groceries, organic and locally sourced foods.
CBL Properties (CBL) today announced that it closed on the sale of Janesville Mall in Janesville, WI, for $18.0 million in cash to RockStep Capital. Proceeds from the sale were used to reduce outstanding balances on the Company’s lines of credit. “We are pleased to complete the sale of Janesville Mall,” said Stephen Lebovitz, chief executive officer.
CBL Properties (CBL) and Stadium Casino, LLC (a joint venture of The Cordish Companies and Greenwood Gaming & Entertainment) today announced plans to develop an approximately 100,000-square-foot casino and entertainment complex at CBL’s Westmoreland Mall in Hempfield Township, Westmoreland County, PA. The 1.2 million square foot retail, dining and entertainment destination is located directly off Route 30, approximately 30 miles from downtown Pittsburgh.
CBL Properties (CBL) today announced that The Cheesecake Factory® is coming to Hamilton Place in Chattanooga, Tennessee, as the first key component of the Sears redevelopment project. Construction on The Cheesecake Factory is underway with an anticipated grand opening in late 2018. “The Cheesecake Factory is one of the most successful and highly sought after restaurants in the country.
CBL Properties' (CBL) redevelopment efforts aimed at diversification of properties, as well as battling mall traffics blues, which have brought in bad news for retail REITs, for the past several quarters.
Investors need to pay close attention to CBL & Associates (CBL) stock based on the movements in the options market lately.
CBL Properties today announced the addition of new-to-market entertainment operator, Dave & Buster’s, at Hanes Mall in Winston-Salem, North Carolina. Construction is currently underway on the lower level near Sears with an anticipated grand opening in 2019.
CBL Properties (CBL) announced the appointment of Michael I. Lebovitz as President of the Company, effective immediately. “I am thrilled to recognize Michael’s many contributions as well as his increased role in implementing CBL’s strategy and future growth with this promotion,” said Stephen Lebovitz, Chief Executive Officer. “Michael has always had a true passion for the real estate business.