UP!

CBL $0.17   View long term graphs

CBL & Associates Properties, Inc.
Type
Public company
Traded as NYSE: CBL
S&P 600 component
Industry Real estate investment trust
Founded 1961; 56 years ago (1961)
Founder Moses Lebovitz
Charles Lebovitz
Jay Solomon
Headquarters Chattanooga, Tennessee
Key people
Charles B. Lebovitz, Chairman
Stephen D. Lebovitz, President & CEO
Farzana Khaleel, CFO
Revenue Decrease $1.028 billion (2016)
Net income
Increase $0.195 billion (2016)
Total assets Decrease $5.992 billion (2016)
Total equity Decrease $3.003 billion (2016)
Number of employees
697 (2016)
Website www.cblproperties.com

CBL & Associates Properties, Inc. is a real estate investment trust named after Charles B. Lebovitz that invests in shopping centers, primarily in the Southeastern United States and Midwestern United States. As of December 31, 2016, the company owned 113 properties.

In 1961, Moses Lebovitz, Charles Lebovitz, and Jay Solomon founded Independent Enterprises.

In 1970, the company merged with Arlen Realty & Development Corporation, which owned shopping centers on the East Coast of the United States.

In 1978, Charles Lebovitz and 5 associates formed CBL & Associates, Inc.

In March 1979, the company built its first mall, the Plaza del Sol Mall in Del Rio, Texas.

In 1987, the company built Hamilton Place in Chattanooga, its flagship mall.

In 1993, CBL & Associates Properties, Inc. was formed as a REIT and acquired all of the assets of CBL & Associates, Inc. The company became a public company via an initial public offering.

In 1995, the company acquired 2 shopping malls, WestGate Mall in Spartanburg, South Carolina and Suburban Plaza in Knoxville, Tennessee, for $32.3 million.

In 1998, the company acquired 5 properties near Nashville, Tennessee for $247.4 million in cash and securities. It also acquired Meridian Mall and Janesville Mall for $68 million in cash and $52 million in partnership units.

In 2001, the company acquired a 23-property portfolio from Richard E. Jacobs for $1.3 billion.

In March 2005, the company opened Imperial Valley Mall in El Centro, California, its first mall on the West Coast of the United States.

In July 2005, the company acquired The Mall of Acadiana in Lafayette, Louisiana.

In 2007, the company acquired 4 malls in the St. Louis area for $1.03 billion. In 2016, the Chesterfield Mall, which was one of the 4 acquired malls, went into receivership after the company defaulted on its mortgage loan.

In 2011, the company acquired Northgate Mall in Chattanooga, Tennessee, which was built by its predecessor, Arlen Shopping Center Group, under the direction of Charles B. Lebovitz in 1972 and was later sold. In 2012, the company announced multi-million dollar renovation of the property.

In 2015, the company sold Waynesville Commons for $14.5 million. The company also acquired Mayfaire Town Center and Community Center for $192 million.

In 2016, the company sold Renaissance Center for $129 million and The Crossings at Marshall Creek for $22.3 million. It also sold 3 malls for $75.1 million.

In 2017, the company acquired 5 properties from Sears for $72.5 million in a leaseback transaction. The company was also added to the S&P 600 index.

News

CBL & Associates Properties, Inc. (real estate)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2020 2020-10-29 Future report Set alerts
Q2 2020 2020-08-06 -0.36 0.00
Q1 2020 2020-05-26 -0.75 -0.75
Q4 2019 2020-02-06 0.27 0.12
Q3 2019 2019-10-31 -0.26 -0.52
Q2 2019 2019-07-31 -0.20 -0.20
Q1 2019 2019-04-30 -0.29 -0.29
Q4 2018 2019-02-07 -0.39 -0.39
Q3 2018 2018-10-29 -0.07 -0.07
Q2 2018 2018-08-01 -0.20 -0.20

Ratings

2016-07-07 Lower Price Target Citigroup Inc. Neutral $12.00 to $11.00
2016-06-02 Reiterated Rating Goldman Sachs Hold $10.50
2016-06-02 Reiterated Rating Goldman Sachs Group Inc. Hold $10.50
2016-06-01 Downgrade Goldman Sachs Buy to Neutral
2016-05-26 Lower Price Target Mizuho Neutral $12.00 to $10.50
2016-05-05 Reiterated Rating JPMorgan Chase & Co. Hold
2016-04-13 Initiated Coverage Mizuho Neutral $13.00
2016-02-29 Lower Price Target Jefferies Group Hold $12.00 to $11.00
2016-02-09 Lower Price Target JPMorgan Chase & Co. Neutral $17.00 to $15.00
2016-01-27 Initiated Coverage Boenning Scattergood Underperform
2016-01-06 Downgrade Goldman Sachs Buy to Neutral $19.00 to $14.00
2015-11-24 Lower Price Target JPMorgan Chase & Co. $18.00 to $17.00
2015-11-16 Reiterated Rating Cowen and Company Market Perform $17.50 to $13.50
2015-11-16 Lower Price Target Jefferies Group $15.50 to $14.00
2015-10-23 Lower Price Target Jefferies Group Hold $15.50
2015-10-06 Downgrade CIBC Sector Outperform to Sector Perform
2015-07-21 Lower Price Target Jefferies Group Hold $17.50
2015-07-18 Lower Price Target Barclays Equal Weight $19.00 to $18.00
2015-07-18 Lower Price Target Barclays PLC Equal Weight $19.00 to $18.00
2015-07-08 Reiterated Rating Citigroup Inc. Hold
2015-07-06 Lower Price Target Citigroup Inc. Neutral $18.00 to $17.00
2015-06-22 Lower Price Target Citigroup Inc. Neutral $20.00 to $18.00
2015-05-04 Downgrade RBC Capital Sector Perform to Underperform $21.00 to $17.00
2015-05-04 Downgrade Royal Bank Of Canada Sector Perform to Underperform $21.00 to $17.00
2015-04-20 Lower Price Target Barclays Equal Weight $21.00 to $20.00
2015-03-20 Boost Price Target Citigroup Inc. Neutral $19.00 to $20.00
2015-01-22 Downgrade Barclays Overweight to Equal Weight $21.00 to $22.00
2014-11-26 Boost Price Target Jefferies Group Hold $18.50 to $20.00
2014-09-16 Upgrade Wells Fargo & Co. Underperform to Market Perform $18.64
2014-09-16 Upgrade Wells Fargo Underperform to Market Perform $18.64
2014-08-21 Boost Price Target Barclays $20.00 to $21.00
2014-07-22 Boost Price Target Jefferies Group $19.00 to $20.00
2014-07-21 Lower Price Target Barclays Overweight $21.00 to $20.00
2014-06-20 Reiterated Rating Barclays Overweight $19.00 to $21.00
2014-05-02 Reiterated Rating Citigroup Inc. Hold $19.00
2014-04-22 Reiterated Rating Barclays Overweight $19.00
2014-04-16 Lower Price Target Barclays $21.00 to $20.00
2014-02-05 Lower Price Target Citigroup Inc. Underweight $19.00
2014-01-22 Downgrade Cowen and Company Outperform to Market Perform $25.00 to $19.00
2014-01-16 Downgrade JPMorgan Chase & Co. Overweight to Neutral $23.00 to $21.00
2014-01-06 Downgrade Stifel Nicolaus Buy to Hold $25.00
2013-12-17 Initiated Coverage Jefferies Group Hold $19.00
2013-12-02 Reiterated Rating Citigroup Inc. Neutral $23.50 to $21.50
2013-11-07 Lower Price Target RBC Capital $23.00 to $21.00
2012-07-23 Upgrade Barclays Equal Weight to Overweight $21 to $22
2011-11-08 Upgrade Stifel Nicolaus Hold to Buy $18
2011-06-14 Upgrade UBS Sell to Neutral $16 to $17
2010-11-04 Reiterated RBC Capital Mkts Outperform $18 to $20
2010-11-04 Reiterated Barclays Capital Equal Weight $15 to $17
2010-11-04 Downgrade Stifel Nicolaus Buy to Hold
2010-08-05 Downgrade UBS Neutral to Sell
2010-04-30 Upgrade Stifel Nicolaus Hold to Buy $18
2010-04-30 Upgrade RBC Capital Mkts Sector Perform to Outperform $11 to $18
2010-03-25 Initiated KeyBanc Capital Mkts Hold
2010-03-17 Reiterated Morgan Joseph Buy $15 to $17
2010-02-05 Upgrade UBS Sell to Neutral $8 to $9.50
2009-09-23 Initiated Oppenheimer Underperform $8
2016-07-07 Lower Price Target Citigroup Inc. Neutral $12.00 to $11.00
2016-06-02 Reiterated Rating Goldman Sachs Hold $10.50
2016-06-02 Reiterated Rating Goldman Sachs Group Inc. Hold $10.50
2016-06-01 Downgrade Goldman Sachs Buy to Neutral
2016-05-26 Lower Price Target Mizuho Neutral $12.00 to $10.50

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In CBL 0 funds of 2183 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks
LEBOVITZ STEPHEN D President and CEO 0.63%  (1067844) CBL /
CBL & ASSOCIATES INC 0.61%  (1035105) CBL /
FOY JOHN N Vice Chairman 0.57%  (964649) CBL /
LEBOVITZ MICHAEL I Exec VP-Devel & Administration 0.28%  (468502) CBL /
MITCHELL FARZANA K Exec VP - CFO 0.16%  (271241) CBL /
LANDRESS BEN S Exec VP - Management 0.16%  (268260) CBL /
STEPHAS AUGUSTUS N Exec VP & COO 0.09%  (153014) CBL /
LEBOVITZ ALAN L. Sr. VP - Asset Management 0.06%  (100994) CBL /
Curry Jeffery V. Chief Legal Officer & Secretar 0.06%  (100251) CBL /
WALKER WINSTON W 0.04%  (65586) ACC / CBL /
BRYENTON GARY L 0.03%  (46182) CBL /
DOMINSKI MATTHEW 0.03%  (43150) CBL / FR /
NELSON KATHLEEN M. 0.02%  (40805) AIV / CBL / DCOM /
Nay Gary J 0.02%  (39771) CBL /
Chapman A. Larry 0.02%  (34271) CBL / O /
Reinsmidt Kathryn A. Exec VP-Chief Invest. Officer 0.02%  (34086) CBL /
GRIFFITH JOHN D 0.02%  (29352) CBL / TGT /
Lieb Richard J 0.01%  (22382) ARCP / AVB / CBL /
LEBOVITZ CHARLES B Chairman of the Board 0.01%  (22168) CBL /
Harrison Michael C. Jr. Executive VP - Operations 0.01%  (17373) CBL /
DEROSA THOMAS J 0.01%  (15761) CBL / HCN /

Comments