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CBL Properties (NYSE:CBL) today announced that it had closed on the sale of Imperial Valley Mall in El Centro, CA, for $38.1 million, all cash. The property served as collateral under CBL's non-recourse term loan. Net proceeds from the sale were applied to the term loan principal balance, which after closing, was reduced to $630.8 million. "We are pleased to complete the sale of Imperial Valley Mall, another demonstration of the demand for stable enclosed malls," commented Stephen D. Lebovitz, CBL's Chief Executive Officer. "This transaction puts us on course to meet the non-recourse term loan principal balance extension test in November 2025 without contributing further capital beyond re
CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a regular cash dividend of $0.40 per common share for the quarter ending March 31, 2025. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on March 31, 2025, to shareholders of record as of March 13, 2025. CBL's Board of Directors has also declared a special cash dividend of $0.80 per common share. The special dividend is required to remain in compliance with U.S. federal income tax rules for real estate investment trusts ("REITs"). The special dividend is payable on March 31, 2025, to shareholders of record as of March 13, 2025. "2024 was an excellent year fo
CBL Properties (NYSE:CBL) today announced that it had closed on the sale of Monroeville Mall and Annex in Monroeville, PA, for $34.0 million, all cash. "The sale of Monroeville Mall is a great example of the resilient value of well-located real estate in a dynamic market," commented Stephen D. Lebovitz, CBL's Chief Executive Officer. "This transaction allows us to focus efforts on higher productivity properties, generates significant cash proceeds and further reduces leverage." Approximately $7.1 million of the net proceeds was utilized to reduce the outstanding principal of the Company's outparcel and open-air center loan to $333.0 million, allowing for the release of a collateral parc
8-K - CBL & ASSOCIATES PROPERTIES INC (0000910612) (Filer)
8-K - CBL & ASSOCIATES PROPERTIES INC (0000910612) (Filer)
SCHEDULE 13G/A - CBL & ASSOCIATES PROPERTIES INC (0000910612) (Subject)
4 - CBL & ASSOCIATES PROPERTIES INC (0000910612) (Issuer)
4 - CBL & ASSOCIATES PROPERTIES INC (0000910612) (Issuer)
4 - CBL & ASSOCIATES PROPERTIES INC (0000910612) (Issuer)
CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a regular cash dividend of $0.40 per common share for the quarter ending March 31, 2025. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on March 31, 2025, to shareholders of record as of March 13, 2025. CBL's Board of Directors has also declared a special cash dividend of $0.80 per common share. The special dividend is required to remain in compliance with U.S. federal income tax rules for real estate investment trusts ("REITs"). The special dividend is payable on March 31, 2025, to shareholders of record as of March 13, 2025. "2024 was an excellent year fo
CBL Properties (NYSE:CBL) today announced tax reporting (Federal 1099) information for the 2024 distributions on its Common stock. The following table summarizes the nature of these cash distributions per share and provides the appropriate Form 1099-DIV box number: CBL & Associates Properties, Inc., Common Stock CUSIP# 124830-878 NYSE: CBL Record Date Payable Date Distribution Per Share 2024 Ordinary Dividends (Box 1a) 2024 Qualified Dividends Included In Box 1a (Box 1b) 2024 Capital Gain Distribution (Box 2a) 2024 Non-Dividend Distribution (Box 3) Section 199A Dividends (Box 5) (1) 03/15/2024 03/29/2024
CoolSprings Galleria in Nashville, TN, Oak Park Mall in Kansas City, KS, and West County Center in St. Louis, MO, Now Wholly Owned by CBL CBL Properties (NYSE:CBL) today announced that it had closed on the acquisition of its partner's 50% joint venture interests in CoolSprings Galleria in Nashville, TN, Oak Park Mall in Kansas City, KC, and West County Center in St. Louis, MO. The interests were acquired for a total cash consideration of $22.5 million. CBL also assumed an aggregate $266.7 million in three non-recourse loans, secured individually by each of the assets. "We are pleased to gain full control of these high-performing assets, which will allow us to more fully execute our visi
SC 13G - CBL & ASSOCIATES PROPERTIES INC (0000910612) (Subject)
SC 13D/A - CBL & ASSOCIATES PROPERTIES INC (0000910612) (Subject)
SC 13D/A - CBL & ASSOCIATES PROPERTIES INC (0000910612) (Subject)