CBL - Massive Insider Trade At CBL & Associates | Benzinga
Making a noteworthy insider sell on February 29, Stephen D Lebovitz, CEO at CBL & Associates (NYSE:CBL), is reported in the latest SEC filing.
What Happened: Lebovitz's decision to sell 45,077 shares of CBL & Associates was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $1,061,200.
The latest update on Thursday morning shows CBL & Associates shares down by 0.0%, trading at $23.47.
All You Need to Know About CBL & Associates
CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, outlet centers, lifestyle centers, open-air centers and other properties. . CBL's sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.
Financial Insights: CBL & Associates
Positive Revenue Trend: Examining CBL & Associates's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 8.01% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. ...