AG真人官方

Benjamin W. Jaenicke, EVP and Chief Financial Officer of CBL & Associates Properties, sold 5,000 shares of CBL on 08/27/2025 at a reported price of $31 per share, leaving him with 54,598 shares beneficially owned. The Form 4 was signed on behalf of Mr. Jaenicke by an attorney-in-fact and filed the next day.

CBL & Associates Properties, Inc. filed a Form 144 notifying the proposed sale of 5,000 common shares through Wells Fargo on the NYSE with an approximate aggregate market value of $155,750. The shares represent securities acquired on 02/15/2023 as an equity award under the issuer's registered 2021 Equity Incentive Plan and were noted as vested on 02/15/2025. The filing lists the approximate date of sale as 08/27/2025 and states there were 30,933,176 shares outstanding. The filer reports no related sales in the past three months and makes the standard representation that they possess no undisclosed material adverse information.

CBL & Associates Properties (NYSE: CBL) 鈥� Q2 FY25 10-Q highlights

• Top-line growth: Q2 revenue rose 8.7% YoY to $140.9 m; 1H revenue up 9.2% to $282.7 m, driven by higher rental income across mall and open-air segments.
• Profitability mixed: Q2 net income attributable to the Company declined 42% YoY to $2.8 m (EPS $0.08 vs $0.14) as operating costs (+9.2%) and interest expense (+11.6%) outpaced revenue. 1H net income more than doubled to $11.5 m on $22.9 m of asset-sale gains.
• Balance sheet: Total debt fell 3% YTD to $2.14 bn; weighted-avg coupon eased to 5.95%. Cash & restricted cash improved to $204.5 m (+33%). Equity slipped to $277.5 m on dividend outflow ($49.5 m YTD) and AOCI losses.
• Liquidity & maturities: $817.8 m of debt is scheduled within 12 months (mostly the $666 m secured term loan and three property mortgages). Company met covenants for a one-year term-loan extension; Cross Creek Mall refinanced post-quarter for $78 m fixed-rate debt. Open-air centers loan ($333 m) was modified after quarter-end.
• Portfolio activity: Sold six assets YTD for $77.1 m cash; acquired four Macy鈥檚 boxes for $6.2 m. Post-quarter, agreed to buy four malls for $178.9 m and sold The Promenade for $83.1 m.

Overall, CBL is generating modest NOI growth and using asset sales to de-leverage, but rising interest expense, sizable near-term maturities and property-level defaults (Southpark Mall, Laredo outlet) temper the outlook.

On 29 Jul 2025, CBL & Associates Properties (CBL) closed the purchase of four enclosed regional malls鈥擜shland Town Center (KY), Mesa Mall (CO), Paddock Mall (FL) and Southgate Mall (MT)鈥攆or $178.9 million from Washington Prime Group.

The transaction was financed with cash from recent asset sales and an upsizing of CBL鈥檚 non-recourse open-air centers & outparcels loan with Beal Bank. The facility鈥檚 principal rose $110 million to roughly $443 million and its tenor was reset to seven years, maturing Oct 2030 with a two-year extension option to Oct 2032. For the initial five-year interest-only period, $368 million bears a fixed 7.70 % rate, while the remaining $75 million floats at SOFR + 410 bp; the entire balance converts to the floating rate thereafter.

Required Rule 3-14 financial statements and Article 11 pro formas for the acquired assets will be filed within 71 days. A detailed press release is furnished as Exhibit 99.1.