CBL & Associates Properties Inc
NYSE:CBL

  • LAST PRICE
    21.9300
  • TODAY'S CHANGE (%)
    -0.1000 (-0.4539%)
  • Bid / Lots
    20.0000/ 2
  • Ask / Lots
    22.3800/ 14
  • Open / Previous Close
    22.0900 / 22.0300
  • Day Range
    21.9100
    22.3800
  • 52 Week Range
    19.9000
    25.2800
  • Volume
    71,591

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  • May 10, 2024

      Show headlines and story abstract

    • 8:01AM ET on Friday May 10, 2024 by MT Newswires
      Companies Mentioned: CBL
      08:01 AM EDT, 05/10/2024 (MT Newswires) -- ...

    • 8:00AM ET on Friday May 10, 2024 by Business Wire
      Companies Mentioned: CBL

      CBL Properties (NYSE: CBL) announced results for the first quarter ended March 31, 2024. Results of operations as reported in the consolidated financial statements for these periods are prepared in accordance with GAAP. 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.

    • 8:00AM ET on Friday May 10, 2024 by Dow Jones
      Companies Mentioned: CBL
      affiliates' debt 614,947 70,847 685,794 (2,916) -- 682,878 Other debt (2) 41,122 -- 41,122 -- -- 41,122 --------- --------- --------- --------- ----------- --------- Company's share of consolidated, unconsolidated and other debt $1,603,748 $1,110,269 $2,714,017 $ (18,525) $ (57,320) $2,638,172 ========= ========= ========= ========= =========== ========= Weighted-average interest rate 4.83% 7.66% 5.99% (1) In conjunction with fresh start accounting upon emergence from bankruptcy, the Company recognized debt discounts equal to the difference between the outstanding balance of mortgage notes payable and the estimated fair value of such mortgage notes payable. The debt discounts are accreted as additional interest expense over the terms of the respective mortgage notes payable using the effective interest method. (2) Represents the outstanding loan balance for properties that were deconsolidated due to a loss of control when the properties were placed into receivership in connection with the foreclosure process. Consolidated Balance Sheets (Unaudited; in thousands, except share data) March 31, December 31, 2024 2023 ---------- -------------- ASSETS Real estate assets: Land $ 582,949 $ 585,191 Buildings and improvements 1,218,746 1,216,054 --------- ---------- 1,801,695 1,801,245 Accumulated depreciation (247,387) (228,034) --------- ---------- 1,554,308 1,573,211 Developments in progress 7,479 8,900 --------- ---------- Net investment in real estate assets 1,561,787 1,582,111 Cash and cash equivalents 60,311 34,188 Restricted cash 66,946 88,888 Available-for-sale securities - at fair value (amortized cost of $235,072 and $261,869 as of March 31, 2024 and December 31, 2023, respectively) 234,998 262,142 Receivables: Tenant 37,588 43,436 Other 7,246 2,752 Investments in unconsolidated affiliates 77,818 76,458 In-place leases, net 142,683 157,639 Intangible lease assets and other assets 154,439 158,291 --------- ---------- $2,343,816 $ 2,405,905 ========= ========== LIABILITIES AND EQUITY Mortgage and other indebtedness, net $1,860,294 $ 1,888,803 Accounts payable and accrued liabilities 168,672 186,485 --------- ---------- Total liabilities 2,028,966 2,075,288 --------- ---------- Shareholders' equity: Common stock, $.001 par value, 200,000,000 shares authorized, 32,033,939 and 31,975,645 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively (excluding 140,034 treasury shares as of March 31, 2024 and excluding 34 treasury shares as of December 31, 2023) 32 32 Additional paid-in capital 716,706 719,125 Accumulated other comprehensive income 726 610 Accumulated deficit (393,266) (380,446) --------- ---------- Total shareholders' equity 324,198 339,321 Noncontrolling interests (9,348) (8,704) --------- ---------- Total equity 314,850 330,617 --------- ---------- $2,343,816 $ 2,405,905 ========= ==========

    • 8:00AM ET on Friday May 10, 2024 by Dow Jones
      Companies Mentioned: CBL

  • May 8, 2024

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