Last $19.45 USD
Change Today +0.08 / 0.41%
Volume 528.6K
CBL On Other Exchanges
Symbol
Exchange
New York
As of 5:15 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

cbl & associates properties (CBL) Snapshot

Open
$19.42
Previous Close
$19.37
Day High
$19.68
Day Low
$19.36
52 Week High
07/24/14 - $19.94
52 Week Low
02/5/14 - $16.00
Market Cap
3.3B
Average Volume 10 Days
1.7M
EPS TTM
$0.66
Shares Outstanding
170.3M
EX-Date
12/26/14
P/E TM
29.4x
Dividend
$1.06
Dividend Yield
5.04%
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 with additional offices in Waltham, Massachusetts; Chesterfield, Missouri; and Irving, Texas.

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 Dividends on Common Stock and Preferred Stock for the Quarter Ending December 31, 2014, Payable on January 15, 2015 and December 30, 2014 Respectively

CBL & Associates Properties Inc. announced that its Board of Directors has declared an 8.2% increase in the quarterly cash dividend for the Company's Common Stock to $0.265 per share for the quarter ending December 31, 2014. The increased quarterly dividend represents an annualized dividend rate of $1.06 per share compared with the previous annualized dividend rate of $0.98 per share. The dividend is payable on January 15, 2015, to shareholders of record as of December 30, 2014. The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending December 31, 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 December 30, 2014, to shareholders of record as of December 12, 2014. The Board also declared a quarterly cash dividend of $0.4140625 per depositary share for the quarter ending December 31, 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 December 30, 2014, to shareholders of record as of December 12, 2014.

CBL & Associates Properties Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Loss on Impairment for the Third Quarter Ended September 30, 2014; Revised Earnings Guidance for the Fourth Quarter and Full Year of 2014

CBL & Associates Properties Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $258,714,000 compared to $257,549,000 a year ago. Income from operations was $97,386,000 compared to $97,708,000 a year ago. Income from continuing operations was $57,204,000 compared to $52,233,000 a year ago. Net income attributable to the company was $49,342,000 compared to $34,324,000 a year ago. Net income attributable to common shareholders was $38,119,000 or $0.22 per basic and diluted share compared to $23,101,000 or $0.14 per basic and diluted share a year ago. Basic and diluted income from continuing operations, net of preferred dividends was $0.22 compared to $0.18 a year ago. Funds from operations of the operating partnership were $125,858,000 compared to $110,705,000 a year ago. Funds from operations of the operating partnership, as adjusted were $109,090,000 compared to $102,465,000 a year ago. Funds from operations per diluted share were $0.63 compared to $0.56 a year ago. Funds from operations, as adjusted, per diluted share were $0.55 compared to $0.52 a year ago. Adjusted FFO excludes the $16.8 million net impact from the gain on the extinguishment of debt and default interest. Funds from operations allocable to common shareholders were $107,344,000 compared to $94,310,000 a year ago. Funds from operations allocable to common shareholders, as adjusted were $93,043,000 compared to $87,290,000 a year ago. Same-store sales per square foot increased 0.8% during the third quarter 2014. Company's share of total EBITDA was $191,427,000 compared to $189,452,000 for the same period a year ago. Cash flows provided by operating activities was $123,218,000 compared to $146,360,000 for the same period a year ago. For the nine months, the company reported total revenues of $776,890,000 compared to $771,615,000 a year ago. Income from operations was $270,808,000 compared to $268,397,000 a year ago. Income from continuing operations was $165,573,000 compared to $106,334,000 a year ago. Net income attributable to the company was $142,594,000 compared to $76,361,000 a year ago. Net income attributable to common shareholders was $108,925,000 or $0.64 per basic and diluted share compared to $42,692,000 or $0.26 per basic and diluted share a year ago. Basic and diluted income from continuing operations, net of preferred dividends was $0.64 compared to $0.28 a year ago. Funds from operations of the operating partnership were $381,361,000 compared to $312,300,000 a year ago. Funds from operations of the operating partnership, as adjusted were $321,133,000 compared to $310,768,000 a year ago. Funds from operations per diluted share were $1.91 compared to $1.60 a year ago. Funds from operations, as adjusted, per diluted share were $1.61 compared to $1.60 a year ago. Funds from operations allocable to common shareholders were $325,110,000 compared to $265,111,000 a year ago. Funds from operations allocable to common shareholders, as adjusted were $273,766,000 compared to $263,811,000 a year ago. Company's share of total EBITDA was $566,765,000 compared to $557,480,000 for the same period a year ago. Cash flows provided by operating activities was $329,334,000 compared to $336,038,000 for the same period a year ago. For the third quarter ended September 30, 2014, the company reported loss on impairment of $497,000. The company is increasing 2014 adjusted FFO guidance to the range of $2.24 to $2.28 per diluted share. The company's guidance also assumes an increased same-center NOI growth range of 1.25% to 2.25% in 2014. The guidance also assumes $2 million to $3 million increase in annual interest expense. The company expects diluted earnings per common share to be in the range of $0.99 to $1.03, earnings per diluted, fully converted common share to be in the range of $0.85 to $0.88, depreciation and amortization expected to be $1.64 per share, FFO per diluted, fully converted common share of $2.72 to $2.76. The company anticipated a modest increase in interest expense in the fourth quarter from recent bond issuance. Its projections for the fourth quarter of 2014 should be exceeded by higher income from new properties, new stores and rent growth in renewals.

CBL & Associates Properties Inc. to Report Q3, 2014 Results on Oct 29, 2014

CBL & Associates Properties Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 29, 2014

 

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