Last $19.33 USD
Change Today +0.08 / 0.42%
Volume 580.8K
CBL On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

cbl & associates properties (CBL) Snapshot

Open
$19.31
Previous Close
$19.25
Day High
$19.38
Day Low
$19.09
52 Week High
07/23/13 - $24.12
52 Week Low
02/5/14 - $16.00
Market Cap
3.3B
Average Volume 10 Days
1.0M
EPS TTM
$0.75
Shares Outstanding
170.3M
EX-Date
06/26/14
P/E TM
25.7x
Dividend
$0.98
Dividend Yield
4.99%
Current Stock Chart for CBL & ASSOCIATES PROPERTIES (CBL)

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cbl & associates properties (CBL) Details

CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and management of properties. The fund invests in the real estate markets of United States. Its portfolio consists of enclosed malls and open-air centers. CBL & Associates Properties is based in Oak Brook, Illinois. CBL & Associates Properties was founded in 1978 and is based in Chattanooga, Tennessee.

663 Employees
Last Reported Date: 03/3/14
Founded in 1978

cbl & associates properties (CBL) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.3M
Executive Chairman, Chairman of Executive Com...
Total Annual Compensation: $1.2M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $748.6K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $826.9K
Executive Vice President of Development & Adm...
Total Annual Compensation: $647.9K
Compensation as of Fiscal Year 2013.

cbl & associates properties (CBL) Key Developments

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. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reaffirms Earnings Guidance for 2014; Announces Loss on Impairment for the First Quarter of 2014

CBL & Associates Properties Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $261,243,000 compared to $258,482,000 a year ago. Income from operations was $76,169,000 compared to $93,607,000 a year ago. Income from continuing operations was $64,292,000 compared to $37,846,000 a year ago. Net income attributable to common shareholders was $44,071,000 or $0.26 per basic and diluted share compared to $19,090,000 or $0.12 per basic and diluted share a year ago. Basic and diluted income from continuing operations, net of preferred dividends was $0.26 compared to $0.11 a year ago. Income from continuing operations, net of preferred dividends was $44,511,000 compared to $17,366,000 a year ago. Funds from operations of the operating partnership were $146,388,000 compared to $101,623,000 a year ago. Funds from operations of the operating partnership, as adjusted were $102,928,000 compared to $101,623,000 a year ago. Funds from operations per diluted share were $0.73 compared to $0.53 a year ago. Funds from operations, as adjusted, per diluted share were $0.52 compared to $0.53 a year ago. Funds from operations allocable to common shareholders were $124,737,000 compared to $85,912,000 a year ago. Funds from operations allocable to common shareholders, as adjusted were $87,705,000 compared to $85,912,000 a year ago. The company is affirming 2014 adjusted FFO guidance in the range of $2.22 to $2.26 per share. The company is assuming same-center NOI growth of 1.0-2.0% in 2014. The guidance also assumes the following: flat interest expense of $2.0 million to $4.0 million of outparcel sales. The company expects diluted earnings per common share to be in the range from $0.56 to $0.60, earnings per diluted, fully converted common share to be in the range from $0.47 to $0.50, depreciation and amortization of $1.79, non-controlling interest in earnings of operating partnership to be in the range from $0.08 to $0.09, FFO per diluted, fully converted common share to be in the range from $2.43 to $2.47 and adjusted FFO per diluted, fully converted common share to be in the range from $2.22 to $2.26. For the quarter, the company reported loss on impairment of $17,150,000.

CBL & Associates Plans to Sell Shopping Centers

CBL & Associates Properties Inc. (NYSE:CBL) plans to sell about 21 of its shopping centers to boost operating income and upgrade its remaining properties. Katie Reinsmidt, a senior Vice President of CBL said, "Fayette Mall is a terrific asset that has a long and bright future in the CBL portfolio. We are currently investing in a very exciting redevelopment of the former Sears location bringing a high caliber of new stores and restaurants to the market such as H&M and Cheesecake Factory".

 

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