Headquartered in Chattanooga, TN Fiscal year ends December NYSE: CBL cblproperties.com
CBL Properties is a real estate investment trust (REIT) that owns and manages a national portfolio of retail properties across 23 U.S. states. The portfolio consists of 85 properties totaling 54.8 million square feet, including 54 enclosed malls, outlet centers, and lifestyle retail centers, as well as more than 20 open-air centers and other assets. The company focuses on market-dominant properties in dynamic and growing communities, generating revenue primarily through rental income from retail tenants. CBL actively manages its portfolio through leasing, tenant diversification across retail, dining, entertainment, and experiential uses, and strategic dispositions including outparcel and land sales to unlock embedded value. The company has been engaged in significant balance sheet transformation through refinancing activity and selective property dispositions, while cooperating with lenders on the resolution of underperforming assets secured by non-recourse debt. Top tenants include Signet Group, Victoria's Secret, American Eagle Outfitters, Dick's Sporting Goods, and Pentland Group, with the top 25 tenants representing 33.70% of total annualized revenues across 1,196 stores. Updated
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CBL Properties is a real estate investment trust (REIT) that owns and manages a national portfolio of retail properties across 23 U.S. states.
The Wall Street consensus 12-month price target for CBL is $63.00.
