CBL News and Press, CBL & Associates Properties Inc. From 11/09/20

U.S. equity markets surged by the most since April on an election week rally fueled by the mounting prospects of a divided government after the "Blue Wave" failed to materialize. Rebounding from their worst week since March, the S&P 500 surged by 7.2% this past week while the Dow ...

Flying under-the-radar during Election season, a frenzy of real estate earnings reports over the last three weeks have provided critical information on the state of the commercial real estate sector. Roughly two-thirds of the 170 equity REITs in our coverage universe beat consensus FF...

Regional malls, outlet centers, and shopping centers are suffering from rising vacancies and declining rents due to the transition to e-commerce, government lock-downs, and recession. We dramatically trimmed our exposure to retail REITs over the past two years as we began to understan...

CBL Properties was notified by the New York Stock Exchange (“NYSE”) of its determination to commence proceedings to delist the Company’s common stock and to suspend trading of the Company’s common stock (ticker symbol: CBL), the Depositary Shares each represe...

Bankruptcies are extremely rare in the REIT sector . After all, REITs are required to keep the bulk of their assets in physical properties, or debt backed by real estate. Most real estate tends to appreciate over time, and as long as it holds its value, a REIT can sell properties to pay...

CBL & Associates Properties' (CBL) restructuring plan under  Chapter 11 bankruptcy proceedings will reduce total debt and preferred obligations by ~$1.5B, extend debt maturities and increase liquidity.CBL plunges 22% in premarket trading.The company plans to use the Chapter 11 p...

CBL Properties (NYSE:CBL) today announced that CBL & Associates Properties, Inc., CBL & Associates Limited Partnership (the “Operating Partnership”), and certain other related entities have filed voluntary petitions for reorganization under Chapter 11 of the U.S. B...

Following some of its biggest tenants into bankruptcy, mall owner CBL & Associates Properties (CBL) has filed for Chapter 11, as the pandemic kept consumers at home and forced many retailers to quit paying rent.The filing in the Southern District Court of Texas will give the company a cha...

U.S. equity markets plunged by the most since March this week as a strong slate of economic data and corporate earnings was overwhelmed by pre-election jitters and amplified coronavirus concerns. A cascading wave of lockdowns across Europe rattled global equity markets while narrowing...

Did the rent get paid? We're at the halfway-point of another newsworthy REIT earnings season. Results thus far have been better-than-expected as dividend cuts have given way to dividend boosts. After 63 equity REITs and 32 mortgage REITs cut dividends in Q2, just three REITs have anno...