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CBL Properties Partners With Adeptmind to Launch "Inventory Insider"
Businesswire· 2024-02-14 15:00
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that it has partnered with Adeptmind, a leading technology company specializing in artificial intelligence and e-commerce, to launch “Inventory Insider” at two of its Tennessee properties, CoolSprings Galleria (Nashville) and Hamilton Place (Chattanooga). Inventory Insider leverages Adeptmind’s technology to give shoppers online access to all the products carried by each local retailer in one centralized location on the mall’s we ...
CBL Properties Reports Results for Fourth Quarter and Full-Year 2023
Businesswire· 2024-02-12 13:00
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) announced results for the fourth quarter and year ended December 31, 2023. 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.     Three Months Ended December 31,   Year Ende ...
CBL Properties Announces Tax Reporting Information for 2023 Common Stock Dividends
Businesswire· 2024-01-25 15:00
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced tax reporting (Federal 1099) information for the 2023 distributions on its Common stock. CBL & Associates Properties, Inc., Common Stock CUSIP# 124830-878 NYSE: CBL Record Date Payable Date Distribution Per Share 2023 Ordinary Taxable Dividends (Box 1a) 2023 Qualified Dividends Included In Box 1a (Box 1b) 2023 Capital Gain Distribution (Box 2a) 2023 Non-Dividend Distribution (ROC) (Box 3) Section 19 ...
CBL & Associates Properties(CBL) - 2023 Q3 - Quarterly Report
2023-11-08 16:00
| --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------|-------|----------------------------------------------------|-------|----------------------|-------|-------------------------------------------------------|-------|---------------------| | Net income (loss) | $ | Three Months Ended September 30, \n2023 \n12,875 | $ | 2022 \n(17,412 ) | $ | Nine Months Ended September 30, \n2023 \n(9,274 ) | $ | 2022 \n(104,440 ) | | | | | | | | ...
CBL & Associates Properties(CBL) - 2023 Q2 - Quarterly Report
2023-08-08 16:00
PART I – FINANCIAL INFORMATION (1) As of June 30, 2023, includes $181,754 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $207,871 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7. The accompanying notes are an integral part of these condensed consolidated statements. | --- | --- | --- | --- | --- | --- ...
CBL & Associates Properties(CBL) - 2023 Q1 - Quarterly Report
2023-05-09 16:00
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, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____________ TO _______________ (Exact Name of registrant as specified in its charter) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted p ...
CBL & Associates Properties(CBL) - 2022 Q4 - Annual Report
2023-02-28 16:00
Mall Properties and Lease Rates - Total Center Square Footage for Kirkwood Mall is 832,690 sq ft with 228,833 sq ft of inline GLA, achieving a per square foot lease rate of $325[36] - Laurel Park Place has a total center square footage of 491,210 sq ft and inline GLA of 198,071 sq ft, with a lease rate of $292 per square foot[36] - Layton Hills Mall features a total center square footage of 482,120 sq ft and inline GLA of 212,674 sq ft, achieving a lease rate of $404 per square foot[36] - Meridian Mall has a total center square footage of 946,07 sq ft and inline GLA of 284,980 sq ft, with a lease rate of $294 per square foot[36] - Mid Rivers Mall has a total center square footage of 1,035,810 sq ft and inline GLA of 286,699 sq ft, achieving a lease rate of $340 per square foot[36] - Monroeville Mall has a total center square footage of 985,270 sq ft and inline GLA of 446,583 sq ft, with a lease rate of $310 per square foot[36] - Northgate Mall features a total center square footage of 646,380 sq ft and inline GLA of 181,101 sq ft, achieving a lease rate of $344 per square foot[36] - Northpark Mall has a total center square footage of 896,040 sq ft and inline GLA of 278,320 sq ft, with a lease rate of $371 per square foot[36] - Oak Park Mall has a total center square footage of 1,516,290 sq ft and inline GLA of 429,121 sq ft, achieving a lease rate of $508 per square foot[36] - Richland Mall has a total center square footage of 693,460 sq ft and inline GLA of 191,883 sq ft, with a lease rate of $450 per square foot[36] Expiring Leases - The company has 589 leases expiring in 2023, representing 14.2% of total annualized gross rent of $58,378,963[39] - For 2024, the number of expiring leases increases to 1,019, with an annualized gross rent of $109,687,083, accounting for 26.7% of total[39] - The average annualized gross rent per square foot for expiring leases in 2024 is $31.99, compared to $35.72 in 2023[39] - The average annualized gross rent per square foot for leases expiring in 2025 is $34.04, with 552 leases expiring[39] Property Ownership and Occupancy - The total gross leasable area (GLA) for open-air centers is 6,867,327 square feet, with an occupancy rate of 95%[43] - The total GLA for other property types is 7,281,542 square feet, also with a 95% occupancy rate[43] - The company owns 1,828,329 square feet of GLA leased to junior anchors, with a total gross leased area of 4,942,650 square feet[45] - The company has a 100% ownership of several properties, including West Towne Crossing and WestGate Crossing, with occupancy rates of 95% and 98% respectively[43] - The company has a diverse portfolio with significant contributions from major anchors like Macy's and Dillard's, which collectively account for a substantial portion of the leased area[45] Debt and Financial Reporting - Total consolidated debt as of December 31, 2022, is $2,089,576, with annual debt service of $186,173[48] - The company maintains a 100% ownership interest in several malls, including Arbor Place and Fayette Mall, with principal balances of $97,244 and $127,568 respectively[48] - The company has a secured term loan of $829,452 with an interest rate of 6.87% due by November 2025[48] - The company has a total of $667,570 in unconsolidated debt across various outlet centers[48] - The company has a loan for open-air centers and outparcels totaling $360,000 with an interest rate of 7.59%[48] Internal Control and Audit - The company assessed its internal control over financial reporting and concluded it was effective as of December 31, 2022[181] - Deloitte & Touche LLP audited the company's internal control and financial statements, expressing an unqualified opinion[184] - The company has no changes in internal control over financial reporting that materially affected its effectiveness during the quarter ended December 31, 2022[182] - The company recognizes inherent limitations in internal control over financial reporting, including potential human error[182]
CBL & Associates Properties(CBL) - 2022 Q3 - Quarterly Report
2022-11-14 22:10
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 SEPTEMBER 30, 2022 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 registran ...
CBL & Associates Properties(CBL) - 2022 Q2 - Quarterly Report
2022-08-15 21:10
Table of Contents 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, 2022 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 ...
CBL & Associates Properties(CBL) - 2022 Q1 - Quarterly Report
2022-05-16 20:18
Table of Contents 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 MARCH 31, 2022 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 Nam ...