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CBL Properties, Inc. (CBLAQ)

OTCMKTS: CBLAQ · Delayed Price · USD
0.1830 0.0030 (1.67%)
Sep 24, 2021 3:26 PM EDT - Market closed
Market Cap35.95M
Revenue (ttm)553.82M
Net Income (ttm)-152.79M
Shares Out196.46M
EPS (ttm)-1.16
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume210,545
Open0.1804
Previous Close0.1800
Day's Range0.1804 - 0.1889
52-Week Range0.0175 - 0.2000
Beta1.71
Analystsn/a
Price Target0.25 (+36.6%)
Est. Earnings DateNov 15, 2021

About CBLAQ

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 106 properties totaling 65.7 million square feet across 25 states, including 64 high quality enclosed, outlet and open-air retail centers and 8 properties managed for third parties. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. On November 1, 2020...

IndustryREIT-Retail
IPO DateOct 27, 1993
CEOStephen Lebovitz
Employees418
Stock ExchangeOTCMKTS
Ticker SymbolCBLAQ
Full Company Profile

Financial Performance

In 2020, CBL Properties's revenue was $575.86 million, a decrease of -25.09% compared to the previous year's $768.70 million. Losses were -$295.08 million, 171.3% more than in 2019.

Financial Statements

News

CBL Properties Announces Promotions

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (OTCMKTS:CBLAQ) today announced a number of promotions including two promotions to Executive Vice President and six to Senior Vice President as well a...

6 days ago - Business Wire

CBL Properties Celebrates Opening of Hollywood Casino at York Galleria Mall in York, Pennsylvania

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (OTCMKTS:CBLAQ) today announced the grand opening of Hollywood Casino, a nearly $120 million entertainment destination developed by Penn National Gami...

1 month ago - Business Wire

CBL Properties Reports Results for Second Quarter 2021

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (OTCMKTS: CBLAQ) announced results for the second quarter ended June 30, 2021. A description of each supplemental non-GAAP financial measure and the r...

1 month ago - Business Wire

CBL Properties and Vision Hospitality Group Celebrate the Opening of Aloft by Marriott Hotel at Hamilton Place in Cha...

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (OTCMKTS:CBLAQ) and partner Vision Hospitality Group, Inc. celebrated the grand opening of Aloft by Marriott hotel as part of the Hamilton Place Sears...

2 months ago - Business Wire

CBL Properties Announces New Tenants for Kirkwood Mall Redevelopment Project in Bismarck, North Dakota

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (OTCMKTS:CBLAQ) today announced two new tenants as part of the former Herberger's redevelopment at Kirkwood Mall in Bismarck, North Dakota. Kirkwood M...

3 months ago - Business Wire

CBL Properties Announces Addition of Rooms to Go at Cross Creek Mall in Fayetteville, North Carolina

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (OTCMKTS:CBLAQ) today announced the addition of Rooms To Go as part of the redevelopment of the Sears parcel at Cross Creek Mall in Fayettevi...

7 months ago - Business Wire

CBL Properties Announces Site Work Is Set to Begin – Making Way for Premier Fashion Department Store, Von Maur, at We...

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (OTCMKTS:CBLAQ) today announced that exciting things are in store for West Towne Mall in Madison, WI, as site work is set to commence later t...

9 months ago - Business Wire

Here's why these 7 U.S. mall owners, including Simon, are in trouble, S&P warns

As winter looms during the global health crisis, seven of America's mall owners face troubling days ahead, according to a new report from S&P Global.

Other symbols:SPGMACPEIWPG
9 months ago - CNBC

CBL Properties Opens Over 1.4 Million Square Feet of New Retail, Dining and Other Uses in 2020 With More New Openings...

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (OTCMKTS:CBLAQ) today announced that nearly 1.4 million square feet of new retail, dining and other uses have opened across its portfolio sin...

9 months ago - Business Wire

CBL Properties Celebrates Opening of Live! Casino Pittsburgh at Westmoreland Mall Outside of Pittsburgh, Pennsylvania

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (OTCMKTS:CBLAQ) today announced the completion and grand opening of Live! Casino Pittsburgh, a $150-million entertainment destination develop...

10 months ago - Business Wire

Very Poor News For REITs

REITs have risen a lot lately even as fundamentals remain challenged.

Other symbols:AVBBRXEQRESSKIMMPW
10 months ago - Seeking Alpha

CBL Properties Reports Results for Third Quarter 2020

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (OTCMKTS: CBLAQ) announced results for the third quarter ended September 30, 2020. A description of each supplemental non-GAAP financial meas...

10 months ago - Business Wire

CBL Properties Schedules Third Quarter 2020 Earnings Release

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (OTCMKTS:CBLAQ) today announced that the Company plans to issue its report of earnings for the third quarter 2020 before the market opens on ...

10 months ago - Business Wire

Mall REITs: Too Little, Too Late

Pushed to the brink by the pandemic, Mall REITs entered 2020 on unstable footing following a tsunami of store closings over the past decade, and the forthcoming vaccines may be too-little-too-late. Desp...

Other symbols:MACPEISKTSPGVNQWPG
10 months ago - Seeking Alpha

CBL Properties Announces Suspension of Trading on the NYSE; Expects to Commence Trading on OTC Markets

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--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...

10 months ago - Business Wire

2 REITs Declare Bankruptcy, but the Outcomes Will Be Much Different

The COVID-19 pandemic continues to take a toll on U.S. mall owners.

Other symbols:PEI
10 months ago - The Motley Fool

2 mall owners with 130 locations across the US are filing for bankruptcy ahead of the holiday shopping season

The owners of a combined 130 malls just filed for bankruptcy, CNN reported. CBL & Associates, based in Tennessee, and PREIT, based in Pennsylvania, both filed for Chapter 11 bankruptcy on Sunday as the ...

Other symbols:PEI
10 months ago - Business Insider

Retail's Toll Sends Mall Operator CBL Into Bankruptcy

It could be the drip before the torrent of filings.

Other symbols:PEI
10 months ago - The Motley Fool

Mall Bankruptcies Continue With PREIT And CBL

Another wheel has fallen off in the troubled mall sector, as two real estate trusts have filed for Chapter 11 bankruptcy. The filings, both announced Sunday night (Nov. 1), came from Philadelphia-based ...

Other symbols:PEI
10 months ago - PYMNTS

Two major mall owners file for bankruptcy

Two owners of a combined 130 or so malls across the US have filed for bankruptcy, signaling that the pandemic and shifting consumer habits continue to rattle the retail industry.

Other symbols:PEI
10 months ago - CNN Business

CBL Properties declares bankruptcy as shopping center manager looks to restructure debt

CBL & Associates Properties Inc. said Monday that it has filed for bankruptcy protection, as it looks to implement a plan to recapitalize and restructure parts of its debt. The stock dropped 22% premark...

10 months ago - Market Watch

America's malls under pressure: CBL, Pennsylvania REIT, file for bankruptcy

Mall owner CBL & Associates filed for Chapter 11 bankruptcy protection late Sunday, after its business was pressured by the coronavirus pandemic, highlighting the stresses the retail real estate industr...

Other symbols:PEI
10 months ago - CNBC

CBL Properties Commences Voluntary Bankruptcy Proceedings to Execute Noteholder Supported Plan to Significantly Stren...

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE:CBL) today announced that CBL & Associates Properties, Inc., CBL & Associates Limited Partnership (the “Operating Partnership”), and ce...

10 months ago - Business Wire

4 Stocks to Sell Before the Bear Market Comes

Retail investors are looking for stocks to sell as the second Covid-19 wave threatens to wipe up a sizable chunk of the markets again. The post 4 Stocks to Sell Before the Bear Market Comes appeared fir...

Other symbols:APLECBRESLB
10 months ago - InvestorPlace

Mall operator CBL files for Chapter 11 bankruptcy protection

Shopping mall operator CBL & Associates Properties Inc voluntarily filed for Chapter 11 bankruptcy protection on Sunday, becoming the latest mall operator seeking to restructure its operations as the CO...

10 months ago - Reuters