CBL
CBL & Associates Properties, Inc.37.55
+0.08+0.21%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.16BP/E (TTM)
9.39Basic EPS (TTM)
4.00Dividend Yield
0.04%Recent Filings
8-K
CBL secures $425M mall refinancing
CBL refinanced part of its $634M secured term loan with a fresh $425M non-recourse loan from Goldman Sachs, secured by 12 mall properties including Cherryvale and Hanes Mall. The five-year fixed-rate deal at 7.40% matures April 2031, with standard covenants like minimum debt yield. Lenders hold familiar collateral, easing repayment pressure yet locking in higher rates.
10-K
FY2025 results
CBL & Associates Properties delivered FY2025 results with rental revenues up amid consolidations and acquisitions of four malls, yet same-center NOI edged 0.5% higher on flat occupancy at 88.6% for malls/outlets/lifestyle centers. Inline sales per square foot rose 2.8% to $437, but Q4 holiday seasonality drove peak performance while operating expenses climbed from tax refunds and weather. Debt stands at $2.6B pro rata with $670M due 2026, offset by $335M cash/Treasuries; buybacks totaled $18M. No annual guidance disclosed. Tenant bankruptcies risk quarterly momentum.
8-K
CBL updates NEO comp plans
8-K
CBL's strong Q4 FFO tops guidance
CBL Properties reported Q4 2025 FFO as adjusted at $2.25 per share, up from $1.92, with same-center NOI rising 3.3% to $116.6M on 3.7% higher tenant sales. Full-year FFO as adjusted hit $7.21 per share near guidance high, fueled by $240.7M dispositions and $178.9M mall buys, yet portfolio occupancy slipped to 90.0%. 2026 FFO as adjusted guides $6.74-$7.06.
8-K
Q3 NOI up 1.1%, leasing surges
CBL Properties posted Q3 same-center NOI up 1.1% to $101.3M, fueled by 4.8% sales growth to $432/sq ft and 17% lease spreads on 435k sq ft. Portfolio occupancy hit 90.2%, up 90 bps despite bankruptcies. Active year: $238M dispositions, four mall buys for $178.9M, term loan extended. Guidance holds at $6.98-$7.34 FFO/share. Strong leasing shines.
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