CBL & Associates Properties, Inc. (N:CBL)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Cbl Center 2030 Hamilton Place Bvld, Suite 500 CHATTANOOGA TN 37421 |
| Tel: | 1-423-4908301 |
| Website: | https://www.cblproperties.com |
| IR: | See website |
| Key People | ||
| Michael I. Lebovitz President | Stephen D. Lebovitz Chief Executive Officer, Director | Benjamin W. Jaenicke Chief Financial Officer, Executive Vice President, Treasurer |
| Katie A. Reinsmidt Chief Operating Officer, Executive Vice President | Andrew F. Cobb Executive Vice President - Accounting | Howard B. Grody Executive Vice President - Leasing |
| Alan L. Lebovitz Executive Vice President - Management | Jeffery V. Curry Chief Legal Officer, Secretary | |
| Business Overview |
| CBL & Associates Properties, Inc. is a self-managed, self-administered, fully integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages, and operates various properties. Its segments include Malls and All Other. The Malls segment includes malls, lifestyle centers and outlet centers. The All Other segment includes open-air centers, outparcels, office buildings, hotels, self-storage facilities, corporate-level debt and the Management Company. The Company primarily conducts its business through CBL & Associates Limited Partnership (the Operating Partnership), which is a variable interest entity. It owns two qualified REIT subsidiaries: CBL Holdings I, Inc. and CBL Holdings II, Inc. It owns and manages a portfolio, which is comprised of approximately 94 properties totaling 58.5 million square feet across 22 states, including 56 enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, CBL & Associates Properties, Inc. revenues decreased 5% to $535.3M. Net income applicable to common stockholders totaled $5.4M vs. loss of $96M. Revenues reflect Malls segment decrease of 6% to $458M, All Other segment decrease of 1% to $77.3M. Net Income reflects Malls segment income increase of 24% to $208.4M. Dividend per share totaled to $1.38. |
| Employees: | 396 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,548M as of Dec 31, 2023 |
| Annual revenue (TTM): | $535.29M as of Dec 31, 2023 |
| EBITDA (TTM): | $287.36M as of Dec 31, 2023 |
| Net annual income (TTM): | $5.43M as of Dec 31, 2023 |
| Free cash flow (TTM): | $22.56M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,855M as of Dec 31, 2023 |
| Shares outstanding: | 31,960,508 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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