CBL & Associates Properties, Inc. (N:CBL)

Business Focus: Commercial REITs

Sector:  Financials Industry:  Commercial REITs
See Regulatory Filings on SEC
Company Contact
Address: Cbl Center
2030 Hamilton Place Bvld, Suite 500
Tel: 1-423-4908301
Website: cblproperties.com/cbl.nsf/index.html
IR: See website
Key People
Charles B. Lebovitz
Chairman of the Board
Michael I. Lebovitz
Stephen D. Lebovitz
Chief Executive Officer, Director
Farzana K. Khaleel
Chief Financial Officer, Executive Vice President, Treasurer
Kathryn A. Reinsmidt
Executive Vice President, Chief Investment Officer, IR Contact Officer
Michael C. Harrison
Executive Vice President - Operations
Ben S. Landress
Executive Vice President - Management
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, integrated real estate investment trust. The Company owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties. The Company's portfolio is comprised of approximately 108 properties totaling over 68.2 million square feet across 26 states and are primarily in the southeastern and midwestern United States. Its properties include over 68 enclosed, outlet and open-air retail centers and over nine properties managed for third parties.
Financial Overview
For the fiscal year ended 31 December 2019, CBL & Associates Properties, Inc. revenues decreased 10% to $768.7M. Net loss applicable to common stockholders increased 24% to $153.7M. Revenues reflect Malls segment decrease of 11% to $699.7M, All Other segment decrease of 8% to $69M. Higher net loss reflects Malls segment income decrease of 10% to $398M, All Other segment loss increase of 26% to $50M, Net Operating Income (NOI).
Employees: 493 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $3,537M as of Dec 31, 2019
Annual revenue (TTM): $768.70M as of Dec 31, 2019
EBITDA (TTM): $477.66M as of Dec 31, 2019
Net annual income (TTM): -$153.67M as of Dec 31, 2019
Free cash flow (TTM): $79.93M as of Dec 31, 2019
Net Debt Last Fiscal Year: $3,494M as of Dec 31, 2019
Shares outstanding: 191,966,991 as of Mar 13, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization