Last $19.18 USD
Change Today +0.11 / 0.58%
Volume 679.6K
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As of 8:04 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

cbl & associates properties (CBL) Key Developments

Horizon Group Properties, Inc. and CBL & Associates Properties, Inc. Open The Outlet Shoppes of the Bluegrass

Horizon Group Properties Inc. and CBL & Associates Properties Inc. announced the opening of The Outlet Shoppes of the Bluegrass, which opened fully leased with 90 stores and eateries. The center opened to the public with a wide variety of well-known designer outlets, including Saks Fifth Avenue OFF 5TH, Nike, Brooks Brothers, Guess, Chico's, Coach, Banana Republic, J. Crew, Michael Kors, Tommy Hilfiger, Under Armour, Vera Bradley and more. Additional stores will be opening in the fall including Gucci, Kate Spade, and Tumi. The Outlet Shoppes of the Bluegrass is the only outlet center in the state and is located between Louisville and Lexington on Interstate 64. Over 68,000 cars pass by the site daily. The center is expected to draw over six million visitors a year from the three state area plus travelers on Interstate 64. Construction on the 375,000 sq. ft. outlet center began in May of 2013. Built in a shopper-friendly racetrack layout, the center has covered structure walkways to maximize comfort and convenience for patrons. Two entrance corridors on the north side of the property feature fifteen Louisville Slugger bronze sculpture replica bats used by Hank Aaron, Cal Ripken Jr., Babe Ruth, George Brett and more. The area is located near the Under Armour, Converse, Nike and Loft stores. The Outlet Shoppes of the Bluegrass boasts landscaped courtyards, vibrant architectural features and a fun lively setting. The center features a large food court, children's play area, center court stage with fireplace, fountains and other amenities to encourage shoppers to fully enjoy the lively retail and entertainment choices.

CBL & Associates Properties Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014; Reports Impairment Charges for the Second Quarter Ended June 30, 2014

CBL & Associates Properties Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $256,933,000 against $255,585,000 a year ago. Income from operations was $97,253,000 against $77,082,000 a year ago. Income from continuing operations was $44,077,000 against $16,255,000 a year ago. Net income attributable to common shareholders was $26,735,000 or $0.16 per share compared with $501,000 or $0.00 per share a year ago. FFO of the operating partnership was $109,115,000, compared with $100,192,000 a year ago. Funds from operations of the operating partnership, as adjusted were $109,115,000 compared with $106,900,000 a year ago. Funds from operations per diluted share were $0.55 compared with $0.51 per share a year ago. Funds from operations, as adjusted, per diluted share were $0.55 against $0.55 a year ago. FFO allocable to common shareholders was $93,021,000 compared with $85,103,000 a year ago. Funds from operations allocable to common shareholders, as adjusted were $93,021,000 against $90,801,000 a year ago. For the six months, the company reported revenues of $518,176,000 against $514,067,000 a year ago. Income from operations was $173,422,000 against $170,689,000 a year ago. Income from continuing operations was $108,369,000 against $54,101,000 a year ago. Net income attributable to common shareholders was $70,806,000 or $0.42 per share compared with $19,591,000 or $0.12 per share a year ago. FFO of the operating partnership was $255,503,000 compared with $201,815,000 a year ago. Funds from operations of the operating partnership, as adjusted were $212,043,000 compared with $208,523,000 a year ago. Funds from operations per diluted share were $1.28 compared with $1.04 a year ago. Funds from operations as adjusted, per diluted share were $1.06 against $1.08 a year ago. FFO allocable to common shareholders was $217,765,000 compared with $171,018,000 a year ago. Funds from operations allocable to common shareholders, as adjusted were $180,724,000 against $176,702,000 a year ago. The company is affirming 2014 FFO guidance in the range of $2.22 to $2.26 per share. Expected diluted earnings per common share of $0.56 to $0.60 per share. Expected FFO per diluted, fully converted common share of $2.43 against $2.47 per share a year ago. Adjust to fully converted shares from common shares in the range of $0.09 to $0.10, expected earnings per diluted, fully converted common share in the range of $0.47 to $0.50, depreciation and amortization per share of $1.79, impairment of real estate per share of $0.09 and expected FFO per diluted, fully converted common share in the range of $2.43 to $2.47. The company expects to invest roughly $250 million in new and expansion projects in the full year of 2014. For the quarter, the company reported loss on impairment of $106,000 against $21,038,000 a year ago.

CBL & Associates Properties Inc. to Open The Outlet Shoppes of the Bluegrass in Simpsonville

On July 31st 2014, CBL & Associates Properties Inc. will celebrate the grand opening of The Outlet Shoppes of the Bluegrass in Simpsonville (Louisville), KY. The 375,000-square-foot outlet center will open 100% leased or committed with more than 80 stores, including Michael Kors, Nike, Saks Fifth Avenue off 5th and The North Face.

CBL & Associates Properties Inc. Declares Cash Dividend on Common Stock Payable on July 15, 2014 and Cash Dividend on Preferred Stock Payable on June 30, 2014

CBL & Associates Properties Inc. announced that its Board of Directors has declared a quarterly cash dividend for the Company's Common Stock of $0.245 per share for the quarter ending June 30, 2014. The dividend is payable on July 15, 2014, to shareholders of record as of June 30, 2014. The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending June 30, 2014, for the company's 7.375% Series D Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on June 30, 2014, to shareholders of record as of June 13, 2014. The Board also declared a quarterly cash dividend of $0.4140625 per depositary share for the quarter ending June 30, 2014, for the Company's 6.625% Series E Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.65625 per depositary share, is payable on June 30, 2014, to shareholders of record as of June 13, 2014.

CBL & Associates Properties Inc. to Report Q2, 2014 Results on Jul 29, 2014

CBL & Associates Properties Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 29, 2014

 

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DDR Corp $18.07 USD +0.08
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Weingarten Realty Investors $34.15 USD +0.16
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