Core Viewpoint - CBL & Associates Properties, Inc. has shown resilience in its stock performance despite a decline in net income and some operational challenges, with strategic acquisitions and leasing activities positioning the company for future growth. Financial Performance - In Q2 2025, net income attributable to common shareholders was $0.08 per share, a decrease of 42.9% from $0.14 a year ago [2] - Funds from Operations (FFO) were $1.48 per diluted share, down 1.9% from $1.51 in the prior-year quarter, while adjusted FFO rose 7.5% to $1.86 from $1.73 [2] Revenue and Income Metrics - Same-center total revenues increased by 1.7% to $156 million from $153.4 million, but same-center Net Operating Income (NOI) decreased by 0.5% year over year to $104.9 million from $105.4 million [3] - Same-center NOI from malls fell by 0.6%, outlet centers dropped by 5.2%, and open-air centers declined by 2%, while lifestyle centers saw a 7.2% increase [3] Occupancy and Leasing - Portfolio occupancy rose by 10 basis points year over year to 88.8% as of June 30, 2025 [4] - CBL executed over 1.2 million square feet of leases during the quarter, with new and renewal leases averaging a 3.2% rent increase [5] Management Commentary - CEO Stephen D. Lebovitz highlighted the acquisition of four malls for $178.9 million as a key part of the portfolio optimization strategy [6] - The acquisition is expected to enhance cash flow per share and support a 12.5% dividend increase [7] Operational Challenges - The decline in same-center NOI was mainly due to higher operating expenses and the impact of bankruptcy-related store closures, which affected mall occupancy by nearly 70 basis points [8] - Operating expenses increased by $3.2 million due to higher real estate taxes [9] Guidance and Future Outlook - CBL updated its 2025 FFO, as adjusted, guidance to a range of $6.98–$7.34 per share [10] - Management reaffirmed its same-center NOI growth outlook for the full year to be between a 2% decline and a 0.5% increase [11] Other Developments - CBL has closed on dispositions totaling over $162.7 million year to date, including significant sales of various properties [12] - Financing activities included a new $78 million non-recourse loan, which reduced the interest rate significantly compared to the prior loan [13]

UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 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 ...

Exhibit 99.1 Earnings Release and Supplemental Financial and Operating Information For the Three and Six Months Ended June 30, 2025 | | Page | | --- | --- | | Earnings Release | 1 | | Consolidated Statements of Operations | 8 | | Reconciliations of Supplementary Non-GAAP Financial Measures: | | | Funds from Operations (FFO) | 9 | | Same-center Net Operating Income (NOI) | 11 | | Share of Consolidated and Unconsolidated Debt | 13 | | Consolidated Balance Sheets | 14 | | Condensed Combined Financial Statement ...

Exclusive: Mall owner CBL Properties is buying four middle-market malls, the latest sign that the mall sector’s recovery is extending beyond luxury and high-end properties https://t.co/tr6adDKUAS ...

Core Viewpoint - CBL International Limited has announced a share repurchase program, reflecting the Board's confidence in the company's long-term potential and commitment to delivering value to shareholders [1][3]. Financial Performance - For FY2024, CBL reported consolidated revenue of $592.52 million, a 35.9% increase from $435.90 million in 2023, driven by a 38.1% increase in sales volume [3]. Strategic Focus - The company aims to expand its market presence, particularly in biofuels, and enhance its global supply network while driving operational efficiency and sustainable growth [4]. - CBL's strategic initiatives include the expansion of ports, diversification of its client base, and commitment to sustainable practices to position itself for growth as market conditions improve [5]. Company Overview - CBL International Limited, established in 2015, is a marine fuel logistics company based in the Asia Pacific region, providing vessel refueling solutions across over 60 major ports [6].

Group 1 - The investment group High Yield Landlord, led by Jussi Askola, provides real-time insights into a REIT portfolio, including buy/sell alerts and direct access to analysts [2] - Jussi Askola is the President of Leonberg Capital, which specializes in consulting hedge funds, family offices, and private equity firms on REIT investing [2] - The group has received over 500 five-star reviews, indicating high satisfaction among its members [1] Group 2 - The company invests significant resources, over $100,000 annually, into researching profitable investment opportunities, particularly in real estate [1] - The investment strategies offered are designed to maximize returns for members at a fraction of the typical cost [1]

Core Insights - CBL International Limited has officially renamed its Singapore-based subsidiary from Majestic Energy (Singapore) Pte Ltd to Banle International (Singapore) Pte Ltd to enhance its regional growth strategy and commitment to the Singapore market [1][2]. Company Developments - The renaming reflects the Group's strategic expansion into sustainable fuels, aligning with the global maritime industry's transition towards greener energy solutions [2][5]. - CBL's revenue in Singapore increased by 102% year-over-year in 2024 compared to 2023, indicating strong growth in the region [4]. - The company launched its first biofuel supply services in Singapore in March 2025, with subsequent expansions planned for Malaysia, Hong Kong, and various ports in China [4]. Industry Trends - Singapore remains the world's largest bunkering hub, with annual sales close to 55 million metric tons in 2024, a 6% increase from 2023 [3]. - Demand for sustainable fuels, including biofuels, LNG, and methanol, is rising, with biofuel sales in the first four months of 2025 already surpassing 50% of the total volume recorded in 2024 [3]. - CBL's biofuel sales volumes surged over 600% year-over-year in 2024, supported by strengthened supplier relationships and reliable supply chains [4]. Strategic Positioning - CBL differentiates itself in Singapore's competitive bunkering sector through agile operations and a customer-centric approach, enabling it to capture new opportunities in both traditional and emerging fuel segments [5]. - The company is well-positioned to grow alongside Singapore's vision of becoming a leader in sustainable maritime solutions, supported by a robust regulatory environment and strong government backing [6].

Core Viewpoint - Zacks Investment Research has initiated coverage of CBL & Associates Properties, Inc. with a "Neutral" recommendation, reflecting a mixed outlook for the company amid industry challenges [1] Company Overview - CBL is a self-managed, integrated REIT based in Chattanooga, TN, focusing on the ownership, development, acquisition, leasing, management, and operation of regional shopping malls and commercial properties [2] - As of December 31, 2024, CBL owned interests in 87 properties, including 45 malls, 27 open-air centers, five outlet centers, five lifestyle centers, and five other properties across 21 states, primarily in the southeastern and midwestern United States [2] Financial Performance - In Q1 2025, CBL signed leases for 575,000 square feet, achieving an average rent uplift of 21.5%, with occupancy improving to 90.4% [3] - The company reported a stable quarterly adjusted FFO of $1.50 per share and reaffirmed full-year guidance of $6.98–$7.34 per share, indicating earnings visibility [3] - CBL reduced its net debt by $60 million year over year, with total net debt at $2.15 billion as of March 2025 [4] - The maturity of its secured term loan has been extended to November 2026, with potential for further extension through 2027 [4] Growth Drivers - Strategic asset sales in Q1 2025 totaled $73.3 million, including properties like Monroeville Mall and Imperial Valley Mall, resulting in $21.5 million in gains while reducing debt [5] - The stock offers an annualized dividend yield of 12.5% to 13.3%, supported by 18.28% dividend growth, appealing to income-focused investors [5] Market Positioning - CBL's stock has outperformed industry peers and the broader market over the past year, currently trading at low valuation multiples relative to industry standards [7] - The stock reflects investor caution regarding refinancing risk, tenant pressures, and sector headwinds, but this discount may present upside for value-focused investors seeking high yield and turnaround potential [7]

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 ...