Kuala Lumpur, Malaysia, June 03, 2025 (GLOBE NEWSWIRE) -- CBL International Limited (NASDAQ: BANL) (the “Company” or “CBL”), the listing vehicle of Banle Group (“Banle” or “the Group”), today announced that its Board of Directors has authorized a share repurchase program of up to the lesser of $5 million of the Company’s ordinary shares (the “Ordinary Shares”) or 5 million Ordinary Shares. Repurchases under the share repurchase program may be made in the open market, with the actual timing and amount of rep ...

Our approach has earned us 500+ five-star reviews from satisfied members who are already seeing the benefits. Don't miss out—join now and start maximizing your returns!We invest thousands of hours and over $100,000 annually into researching the most profitable investment opportunities—all to bring you real estate strategies at just a fraction of the cost.He is the leader of the investing group High Yield Landlord , where he shares his real-money REIT portfolio and transactions in real-time. Features of the ...

Kuala Lumpur, Malaysia, May 26, 2025 (GLOBE NEWSWIRE) -- CBL International Limited (NASDAQ: BANL) (“CBL” or the “Company”), the listing vehicle of Banle Group (“Banle” or the “Group”), a leading marine fuel logistics company in the Asia-Pacific region, today announced the official renaming of its Singapore-based wholly owned subsidiary, Majestic Energy (Singapore) Pte Ltd, to support its regional growth strategy. Effective immediately, Majestic Energy (Singapore) Pte Ltd has been officially renamed to Banle ...

Zacks Investment Research has recently initiated coverage of CBL & Associates Properties, Inc. (CBL) , assigning a "Neutral" recommendation to the company's shares. This assessment comes amid a mixed outlook for the company, which has been making notable strides in the real estate investment trust (REIT) space despite industry challenges.CBL, headquartered in Chattanooga, TN, is a self-managed, integrated REIT focused on the ownership, development, acquisition, leasing, management and operation of regional ...

Group 1 - The individual has been investing since 2011, focusing on REITs, preferred stocks, and high-yield bonds, indicating a long-standing interest in markets and the economy [1] - Recently, the investment strategy has evolved to include long stock positions combined with covered calls and cash secured puts, reflecting a more sophisticated approach to investing [1] - The primary focus of analysis is on REITs and financials, with occasional insights into ETFs and other stocks influenced by macroeconomic trends [1] Group 2 - The analyst holds a beneficial long position in CBL shares, indicating confidence in the company's performance [2] - The article expresses personal opinions and is not influenced by compensation from any company mentioned, ensuring an independent viewpoint [2] - There is no business relationship with any company whose stock is discussed, reinforcing the integrity of the analysis [2]

UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____________ TO _______________ COMMISSION FILE NO. 1-12494 (CBL & ASSOCIATES PROPERTIES, INC.) CBL & ASSOCIATES PROPERTIES, INC. (Exact Name of registrant as specified in its charter) Washin ...

Financial Performance - For Q1 2025, CBL reported net income attributable to common shareholders of $0.27, compared to a loss of $0.01 in Q1 2024[6]. - Funds from Operations (FFO) for Q1 2025 were $1.13 per share, down from $1.21 in the same period last year, while adjusted FFO remained flat at $1.50[6][8]. - Same-center Net Operating Income (NOI) declined by 2.3% year-over-year, totaling $103.2 million for Q1 2025, down from $105.6 million in Q1 2024[8][14]. - CBL's Board declared a regular cash dividend of $0.40 per common share for the quarter ending June 30, 2025, equating to an annual dividend of $1.60 per share[20]. - Net income attributable to common shareholders for the three months ended March 31, 2025, was $8.21 million, compared to a net loss of $0.21 million in the same period of 2024[47]. - The company reported total revenues of $141.77 million for the three months ended March 31, 2025, compared to $129.12 million in the same period of 2024, marking an increase of approximately 9.8%[47]. - Total expenses for the three months ended March 31, 2025, were $121.32 million, compared to $102.26 million in the same period of 2024, reflecting an increase of approximately 18.6%[47]. - Diluted EPS attributable to common shareholders increased to $0.27 in Q1 2025 from $(0.01) in Q1 2024[53]. - Net income for Q1 2025 was $8.387 million, a significant improvement from a net loss of $0.474 million in Q1 2024[56]. Revenue and Occupancy - Portfolio occupancy increased to 90.4% as of March 31, 2025, up from 89.4% a year earlier, with same-center occupancy for malls, lifestyle centers, and outlet centers at 88.7%[8][17]. - For the three months ended March 31, 2025, rental revenues increased to $137.36 million from $124.03 million in the same period of 2024, representing an increase of approximately 10.5%[47]. - Total rental revenues increased to $137,360 in Q1 2025, up 10.7% from $124,027 in Q1 2024[74]. - Minimum rents rose to $101,020 in Q1 2025, compared to $93,908 in Q1 2024, reflecting an increase of 7.4%[74]. - Total same-center portfolio recorded a sales per square foot of $423, down from $424, with occupancy improving from 89.8% to 90.4%[98]. Debt and Financial Position - Total consolidated debt as of March 31, 2025, was $2.150 billion, down from $2.213 billion as of December 31, 2024[63]. - The company's share of unconsolidated affiliates' debt was $395.674 million as of March 31, 2025[59]. - Cash and cash equivalents decreased to $29.822 million as of March 31, 2025, compared to $40.791 million as of December 31, 2024[63]. - The weighted-average interest rate for consolidated debt was 5.16% as of March 31, 2025[59]. - CBL's total debt as of March 31, 2025, is $2,259,340, with a weighted average interest rate of 5.93%[82]. - The debt maturing in 2025 is projected at $130,081, which constitutes 4.96% of total debt[82]. - The company has a significant portion of its debt maturing in 2026, amounting to $717,777, representing 27.38% of total debt[82]. Leasing and Development - CBL executed nearly 575,000 square feet of leases in Q1 2025, with new comparable leases signed at an increase of over 21% in average rents, while renewal leases saw a decline of 6.5%[8][10]. - New leases signed in Q1 2025 totaled 111,794 square feet, with an average initial rent of $49.82 per square foot[117]. - The average gross rent for new leases in Q1 2025 was $43.52 per square foot, a decrease of 5.4% compared to the prior year[111]. - CBL's share of properties under development includes a hotel project at Mayfaire Town Center with a total cost of $15,435,000 and an expected yield of 11.0%[126]. - The expected opening date for the Mayfaire Town Center hotel is summer 2025[126]. Capital Expenditures - Total capital expenditures for the three months ended March 31, 2025, were $12,731,000, compared to $7,399,000 for the same period in 2024, representing a 72.5% increase[123]. - Maintenance capital expenditures totaled $6,188,000 for Q1 2025, up from $5,417,000 in Q1 2024, reflecting a 14.2% increase[123]. - Tenant allowances increased significantly to $6,543,000 in Q1 2025 from $1,982,000 in Q1 2024, marking a 229.5% rise[123]. Strategic Focus - The company continues to focus on maintaining its asset base while navigating the challenges posed by cash trapped properties and overall market conditions[6]. - CBL's operational strategy includes managing a diverse portfolio of property types, including malls, outlet centers, and open-air centers, to optimize revenue generation[85]. - The company continues to explore opportunities for market expansion and potential acquisitions to drive growth[125].

We live in an uncertain world and some REITs are on shaky legs. The market has been deteriorating with growing government layoffs and cuts, which could lead to a recession. Meanwhile, while the latest inflation report came in lower than expected, there ...

Property Ownership and Locations - As of December 31, 2024, CBL & Associates Properties, Inc. owned properties located in 21 states, primarily in the southeastern and midwestern United States[21]. - The company owns partial interests in 4 malls, 5 outlet centers, 1 lifestyle center, 12 open-air centers, 2 office buildings, a hotel, and a hotel development, with significant portions managed by third-party partners[70]. - The company has a total of 3,560 inline and adjacent freestanding stores across its malls[185]. - The total gross leasable area (GLA) of expiring leases is 4,071,707 square feet, which is 8.5% of the total GLA of all leases[203]. - The company owns a controlling interest in 42 malls and a non-controlling interest in 3 malls[173]. Financial Performance - The company reported a revenue increase of 10% year-over-year, reaching $1.08 billion[1]. - Total sales for the year reached 1,969 million, representing a 10% increase compared to the previous year[178]. - The company provided a future outlook with a revenue guidance of $1.2 billion for the next quarter, representing a 15% increase[3]. - The overall gross margin improved to 35%, up from 32% in the previous year[10]. - The company is targeting a revenue growth of 12% for the next fiscal year, driven by strategic initiatives and market expansion efforts[178]. Tenant and Market Dynamics - The top five markets based on total revenues for the year ended December 31, 2024, were Chattanooga, TN (6.8%), St. Louis, MO (4.4%), Lexington, KY (4.3%), Laredo, TX (4.0%), and Fayetteville, NC (3.6%)[27]. - The top 25 tenants contributed a total of 33.28% of total revenues, with Signet Group, PLC being the largest at 2.72%[28]. - Approximately 50.3% of total pro-rata share of revenues for the year ended December 31, 2024, came from properties in the southeastern United States[142]. - The company competes with numerous shopping facilities, which could materially impact its ability to attract tenants and achieve favorable lease terms[94]. - The rise of omni-channel retailing and online shopping may adversely affect physical store demand, impacting occupancy levels and rental rates[97]. Employee Engagement and Corporate Culture - CBL's employee engagement assessment in 2024 achieved a 75% response rate, with 93% of employees stating it is a great place to work[45]. - The voluntary turnover rate decreased to 6% for 2024, with 91% of employees recommending CBL as a workplace[47]. - In 2024, CBL team members completed 4,627 hours of training, focusing on various development topics[49]. - CBL Cares program saw team members volunteer over 1,100 hours, providing support valued at nearly $170,000 to local organizations[52]. Risks and Challenges - The company faces risks including increased operating costs, potential loss of significant tenants, and adverse changes in economic conditions[61]. - Rising interest rates could increase borrowing costs and negatively impact cash flows and stock prices[64]. - Future pandemics or similar threats could materially disrupt the company’s financial condition and operations[64]. - The company faces risks associated with climate change regulations that could impose substantial compliance costs and affect financial condition[80]. - Social unrest and acts of violence could adversely affect the company's business operations and financial condition[88]. Debt and Financing - The company's pro-rata share of consolidated and unconsolidated debt outstanding was approximately $2,737.2 million as of December 31, 2024[121]. - The company is significantly dependent on external financing to fund growth and meet debt servicing requirements[120]. - The total share of consolidated and unconsolidated debt maturing in 2025, 2026, and 2027 is approximately $132.2 million, $727.3 million, and $729.9 million, respectively[121]. - The company may need to refinance its indebtedness, and its ability to do so will depend on market conditions and financial health at the time[129]. - If cash flow is insufficient and refinancing is unavailable, the company may have to take adverse actions such as selling properties or delaying capital expenditures[130]. Cybersecurity and Compliance - The company has a cybersecurity program based on the NIST CSF framework to protect critical systems and information[167]. - Employees are required to complete annual cybersecurity training, followed by quarterly testing and re-training as necessary[169]. - The company maintains cybersecurity risk insurance coverage, although there is no assurance that it will cover all breaches or losses[171]. - The audit committee oversees cybersecurity risks and management reports on the cybersecurity program at least semi-annually[166]. - Compliance with REIT requirements may limit the company’s ability to pursue attractive opportunities[64]. Strategic Initiatives and Future Outlook - The company is focused on leasing properties, including replacing short-term leases with long-term leases, to optimize tenant mix and financial performance[78]. - The company is exploring potential mergers and acquisitions to further strengthen its market position, with a projected impact of 2.1% on revenue growth[178]. - Investment in technology and digital platforms is anticipated to yield a 4.5% increase in online sales[178]. - The company plans to enter three new international markets by the end of the fiscal year, aiming for a 30% increase in international sales[9]. - The company is committed to enhancing customer experience through strategic partnerships with entertainment and retail brands, aiming to drive foot traffic and sales growth[219].

Financial Performance - FFO, as adjusted, per share for 2024 was $6.69, slightly up from $6.66 in 2023; Q4 2024 FFO, as adjusted, per share was $1.92, down from $1.94 in Q4 2023[9] - Total revenues for the year ended December 31, 2024, were $675.5 million, down from $681.4 million in 2023[19] - Total revenues for Q4 2024 were $131.69 million, a decrease of 5.8% from $139.71 million in Q4 2023[54] - Net income attributable to common shareholders for Q4 2024 was $37.21 million, compared to $11.54 million in Q4 2023, representing a significant increase of 222.5%[54] - Basic earnings per share for Q4 2024 were $1.23, up from $0.37 in Q4 2023, reflecting a growth of 232.4%[54] - Net income for the year ended December 31, 2024, was $54,433, compared to $38,434 in 2023, representing an increase of 41.7%[75] Occupancy and Leasing Activity - Portfolio occupancy was 90.3% as of December 31, 2024, a 100-basis-point increase from September 30, 2024, but a 60-basis-point decline from 90.9% as of December 31, 2023[9] - CBL executed nearly 4.5 million square feet of leases in 2024, with approximately 1.4 million square feet executed in Q4 2024[9] - Same-center tenant sales per square foot for Q4 2024 increased by approximately 1% compared to the prior year, with annual sales per square foot remaining flat at $418[9] - The in-line occupancy rate for malls decreased from 91.8% in December 2023 to 90.1% in December 2024[106] - Total sales per square foot for malls decreased from $397 in 2023 to $386 in 2024, with in-line occupancy increasing from 87.9% to 89.3%[107] Debt and Financing - CBL completed approximately $513.7 million in financing activity during Q4 2024[25] - The company's share of consolidated and unconsolidated debt as of December 31, 2024, was $2,617,290,000, with a weighted-average interest rate of 6.03%[69] - The total consolidated debt as of December 31, 2024, was $2,331,904 thousand, compared to $1,403,798 thousand in 2023, an increase of approximately 66.5%[85] - The weighted-average interest rate on total consolidated debt increased to 6.07% in 2024 from 5.02% in 2023[85] - CBL's loan includes a fixed interest rate of 6.95% for half of the outstanding balance, while the other half is variable based on the 30-day SOFR plus 4.10%[87] Capital Expenditures and Investments - CBL completed $85 million in asset sales during 2024 and acquired a 50% interest in three high-performing centers for $22.5 million[9] - Total capital expenditures for the year ended December 31, 2024, reached $51,208,000, up from $41,975,000 in 2023, reflecting a 22.4% increase[133] - Maintenance capital expenditures totaled $31,345,000 for the year ended December 31, 2024, compared to $24,896,000 in 2023, indicating a 25.0% increase[133] - The Hamilton Place redevelopment project is expected to yield 23.3% with a total cost of $2,648,000, scheduled to open in Q4 2024[136] Cash Flow and Liquidity - The company reported $283.9 million in unrestricted cash and marketable securities as of December 31, 2024[9] - Cash flows provided by operating activities increased to $46,200 thousand in Q4 2024 from $49,361 thousand in Q4 2023, a decrease of about 4.4%[82] - Cash and cash equivalents at the end of the period decreased to $31,812,000 from $35,741,000 in the previous year, reflecting a decline of approximately 11%[121] Future Guidance and Projections - CBL's 2025 FFO guidance is set between $6.98 and $7.34 per share, with a projected same-center NOI change of (2.0)% to 0.5%[36][37] - The 2025 same-center NOI is expected to range from $427.0 million to $438.0 million, down from $435.7 million in 2024[38] - CBL estimates 2025 maintenance capital/tenant allowances between $40.0 million and $55.0 million, with total capital items estimated at $130.0 million to $160.0 million[39] Special Items and Adjustments - The company reported a gain on consolidation of $26.73 million in Q4 2024, following the acquisition of partners' 50% joint venture interests[58] - The company recognized a loss on impairment of $625,000 in Q4 2024, compared to no impairment loss in Q4 2023[54] - The company reported a gain on sales of real estate assets amounting to $10,593,000 in 2024, compared to no gains in 2023[121] Strategic Initiatives - The company plans to continue its market expansion and product development strategies, focusing on enhancing operational efficiencies and exploring new acquisition opportunities[58] - The company is actively engaged in new loan arrangements for its joint venture properties, indicating ongoing market expansion efforts[116]