CBL News and Press, CBL & Associates Properties Inc. From 10/03/20

U.S. equity markets snapped a four-week losing streak on a frenetic week of economic data and political developments that culminated with the hospitalization of the President of the United States. Throwing yet another curveball into the home stretch of a highly contentious U.S. electi...

CBL Properties (NYSE:CBL) today announced that Michael L. Ashner has resigned from CBL’s Board of Directors effective September 29, 2020, for personal reasons. “On behalf of Management and the Board, we would like to thank Michael for his many contributions and commitm...

CBL Properties (NYSE:CBL) today announced that the Petition Date under the Restructuring Support Agreement (the “RSA”) has been extended from October 1, 2020 to October 15, 2020. The RSA was entered into on August 18, 2020, with certain beneficial owners and/or investment ...

CBL Properties (NYSE:CBL) today announced the opening of a new DICK’S Sporting Goods and the addition of Golf Galaxy at Coastal Grand Mall in Myrtle Beach, South Carolina. “We were thrilled to celebrate the grand opening of DICK’S Sporting Goods and Golf Galaxy ...

At the risk of sounding too optimistic, it is highly likely that humans will find a way to deal with COVID-19. There are, however, certain sectors of the economy, like retail-focused real estate investment trusts (REITs), that are taking it on the chin right now because of the pandemic. But if y...

Encourages Voter Registration And Participation Among Employees CBL Properties (NYSE:CBL) today announced that it has joined more than 700 companies nationwide that have partnered with Time to Vote to ensure that all of its employees have access to voter registration information and ...

The retail landscape is dismal today thanks to COVID-19, but it won't always be this bad. And when the world finds a way to work past the coronavirus, prime retail assets will again be in demand from both consumers and retailers. Macerich (NYSE: MAC) , a mall real estate investment trust (...

There are a few things that annoy me. One of those things is seeing investors focus on the wrong metrics. Unfortunately, that happens frequently. Let's talk about the absurd reliance on FFO multiples for equity REIT investors. Are FFO multiples useful? Yes, they are useful. Are they the c...

Mall landlords like industry giant Simon Property Group (NYSE: SPG) have been hit hard by the impact of COVID-19. In fact, the story behind mall real estate investment trusts (REITs) has changed dramatically because of the pandemic. To update my thesis on the space, I traveled to 13 malls ar...

Shopping mall operators Simon Property Group (NYSE: SPG) and Brookfield Property Partners (NASDAQ: BPY) just bought J.C. Penney in bankruptcy for $1.7 billion , and have acquired -- either together or separately -- several other retailers that went under. With Macy's (NYSE: M) pr...