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Results(8) #CBL

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#CBL stock prices are finally rebounding! This makes me very happy since I own a lot of them! - GoGo - 2019-10-27 18:52:50 PDT - See full comment

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Glad you are happy GoGo. Do you plan to sell them now? - CapitalKing - 2019-10-27 18:54:54 PDT

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Hi GoGo, did you see the news on #CBL and Exeter Capital last Friday 11/1? "CBL Properties (NYSE:CBL) today announced it has entered into an agreement with Exeter Capital Investors, L.P. and certain of its affiliates (“Exeter”), which own 5.97% of the Company’s common stock. As part of the Company’s ongoing commitment to board refreshment, and following constructive discussions between CBL and Exeter, Michael Ashner and Carolyn Tiffany have been appointed to CBL’s Board of Directors, effective November 1, 2019. With these additions, the CBL Board now comprises nine directors, seven of whom are independent." ..... "Mr. Ashner, President of Exeter, said, “I look forward to working with the CBL Board and management team to unlock value for all CBL shareholders. I invested in the common shares of CBL because I believe they are deeply undervalued and have significant potential for growth and long-term value creation for all shareholders.”" I look forward to seeing the coming changes. - Kev B - 2019-11-08 20:36:36 PDT


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CBL & Associates Properties, Inc. Press Release: CBL Properties to Open 825,000 Square Feet of New-to-Market Entertainment Concepts Across Its Portfolio - News released on 24 Sep 2019 09:01:41 -0400 - REITNewsHeadlines - 2019-09-24 08:06:45 PDT - See full comment

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I’m definitely cheering for #CBL that these initiative will work to revive traffic and raise sq ft rent “The scope of entertainment users that CBL is adding to its portfolio include nationally known names like Round1 Bowling & Amusement, Dave & Buster’s and Main Event as well as regional operators such as WhirlyBall and High Caliber Karting & Entertainment. CBL is also adding casinos as part of anchor redevelopment projects at two properties in Pennsylvania.” - Atopp - 2019-09-24 08:06:45 PDT

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Will this be sufficient? I think it depends on region. - Omick99 - 2019-09-24 15:26:51 PDT


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SoTHERLY Hotels Inc. Press Release: Sotherly Hotels Inc. Provides Update on Impact From Hurricane Dorian - News released on 6 Sep 2019 10:57:17 -0400 - REITNewsHeadlines - 2019-09-06 10:49:36 PDT - See full comment

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Do any other of the casinos, hotel or resort REITs have properties in the Bahamas or nearby islands? - Gekko5 - 2019-09-06 20:22:54 PDT

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I wonder how many more REITs have been impacted by Hurricane Dorian. - Omick99 - 2019-09-06 10:49:36 PDT

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Some of the REITs with properties in South Carolina and North Carolina which are in the path of hurricanes when they head up the coast are #KIM Kimco Realty, #VER Vereit, #CBL properties, #HIW Highwood properties, #BRX Brixmor, and #WHLR Wheeler REIT. Hurricanes are a tricky thing since you never know if they will cut across Florida or head up along the east coast all the way to NY or Canada. So it is hard to predict which REIT properties may be in its path. Being in the region hit by a hurricane doesn’t mean there will be damage to the property or sustaining damage to the region, which is a very good thing. - AI_AI - 2019-09-08 09:53:31 PDT


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CBL & Associates Properties, Inc. Press Release: CBL Properties Responds to NYSE Continued Listing Standard Notice - News released on 21 Aug 2019 13:31:30 -0400 - REITNewsHeadlines - 2019-08-21 23:06:20 PDT - See full comment

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#CBL today announced "that it received notification from the New York Stock Exchange (NYSE) that as of August 19, 2019, the Company is no longer in compliance with NYSE continued listing criteria, which require listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. The Company intends to pursue measures to cure the share price non-compliance, including through a reverse stock split of the Company’s common stock, subject to stockholder approval, no later than at its next annual meeting of stockholders, if such action is necessary to cure the share price non-compliance...." So let’s see what the game plan for CBL will be. - TimHl - 2019-08-21 23:06:20 PDT

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CBL & Associates Properties, Inc. Press Release: CBL Properties Anchor Replacement and Redevelopment Program Transforms Portfolio Through Addition of Wide Range of Uses and Experiences - News released on 12 Aug 2019 10:07:16 -0400 - REITNewsHeadlines - 2019-08-12 09:23:33 PDT - See full comment

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This is good news, I yet have hope for my shares. #CBL Properties announced “significant progress on its anchor replacement and redevelopment program, with 24 former anchor spaces committed or under construction, including eight already open and six slated to open before year end. CBL is successfully transforming its properties by adding a wide range of uses and experiences, such as entertainment, value retail, multi-family, hotels, office and grocery. These new uses complement the existing offerings, drive new traffic and sales and strengthen each property’s competitive position in its markets.” - Rocco64 - 2019-08-12 09:23:33 PDT

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CBL traded at 77 cents this week, not sure how much lower it can go, this is just too painful to watch. At this price doesn’t make any sense they would bring back their dividends, of course bringing it back would help prices increase again. - Davestew - 2019-08-17 15:47:33 PDT

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I don’t think CBL’s stock price has been this low since June of this year. - Billy123 - 2019-08-12 22:27:40 PDT


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Which REITs do you think have too much leverage and Debt? - Faston - 2019-06-12 18:08:52 PDT - See full comment

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It is important to also look at debt levels relevant to a specific REIT sector, as some sector may require higher debt levels due to the type of properties and the cash-flows of that business and sector can support higher ratios. - BlueBlue - 2019-06-15 12:43:58 PDT

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Hi Faston, to answer the question. Brookfield Property REIT - #PBR has one of the highest leverages of the REITs I have come across, from what I calculated for Q1 2019 they have a Total Shareholder Equity to Total Assets ratio of just 3.52%. I own some #PBR stocks because I believe in the REIT and parent companies potential, so let’s see where this goes. - YolpnoB - 2019-06-13 23:53:39 PDT

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From the REIT’s balance sheets I have been analyzing this evening, some that have higher leverage (Debt-to-Assets), (Debt-to-equity), (Equity-to-Assets) ratios are #CBL, #RESI Front Yard Residential, #SRG Sertigate. This is not an exhaustive list just some I have found so far, I’m also not sure how they rank with others. I will continue to look through more REITs and call out any others I find worth mentioning. - Gekko5 - 2019-06-12 23:26:10 PDT

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It is funny how things change, 10 years ago some investors used to think and comment that mall REITs could have higher debt-levels because malls were considered more stable forms of income. How things change, right? #CBL now with its debt/asset level of 75% in the most recent quarter is highly leveraged making it challenging to fuel the necessary turn-around. - Kev B - 2019-06-22 11:46:53 PDT

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Is cbl though reducing its leverage with the sales of some malls each year? - heyyo - 2019-06-16 15:48:16 PDT


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Which REITs are expected to cut dividends? Or have announced they may reduce their dividend payments? - JohnforkO - 2019-05-03 12:24:33 PDT - See full comment

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Follow up question, is Gazit paying its dividend normally after it changed stock market listing to Israel only? - JohnforkO - 2019-05-22 13:07:05 PDT

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Correct, #CBL has announced plans to cut later this year, so don't plan to continue to receive high dividend yields in the short term starting later this year. - Gekko5 - 2019-05-04 14:58:52 PDT

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#SRG - Seritage Growth Properties REIT's management also restated in their Q1 2019 earning report that: (As previously announced, the Company’s Board of Trustees does not currently expect to declare additional common dividends for the remainder of 2019, based on its assessment of the Company’s investment opportunities and its expectations of taxable income for the year. The Board of Trustees will reuate this position at the end of 2019, if necessary, to ensure that the Company meets its distribution requirements as a REIT. The Company’s Board of Trustees expects that cash dividends for the Company’s preferred shares will continue to be paid each quarter.) - 777i - 2019-05-03 22:18:32 PDT

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Yes, Annaly Capital (#NLY) will be decreasing its dividends by $0.05 per common share starting in Q2 2019. This week mgmt declared a quarterly common stock dividend of $0.30/share in the first quarter. Yet it pre-announced an expected quarterly common stock dividend of $0.25 per common share for the remainder of 2019 beginning with the second quarter, *subject to the discretion and approval of our board of directors. - thisway - 2019-05-03 13:17:19 PDT

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Another one to look out for is, CBL that announced earlier in the year plans to suspend dividends in Q3&Q4 of 2019. - 777i - 2019-05-03 22:03:00 PDT


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I wonder if #CBL will ever bounce back? - Spareideas - 2019-04-16 22:42:44 PDT - See full comment

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I don’t think #CBL has thrown in the towel, and they will be able to transition into a smaller REIT with fewer but better mall properties. - Bob_knows - 2019-08-04 14:28:17 PDT

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With CBL cutting its dividend payments, it is saving itself millions which can go towards paying down interest payments and the principle in debts. This is a good move for CBL to bounce back. - Paul_R_investor - 2019-06-17 20:20:24 PDT

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#CBL’s mall occupancy level for 2018 was 92%, down from a high of 95% in 2014 & 2013 and below the levels of 2008 (93%) and 2007 (94%). CBL continues to work to turn its ship around, in 2018 it closed $100 million in dispositions, and so far in 2019, it has closed another $51 million in dispositions. This should help the company get rid of poor performing malls, and reinvest in new and existing properties. - Kev B - 2019-06-01 15:47:37 PDT

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How can CBL have missed so bad the signs in a changing retail industry? Where there not potential metrics signs over 15, 10 years ago which would have given some indications that changes needed to be made in their business model? Now it’s much harder for them to try and make all these asset changes and repositioning, pity. - Rken - 2019-04-17 17:22:08 PDT

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Supposedly #CBL was going to pay dividends to the holder of common stocks during Q1 and Q2 of 2019, and then halt payment of its common share dividends to put cash aside for its lawsuit settlement. But I have not seen any Q2 2019 dividend payment to the common stock shareholder, what is going on? Last payment I saw was in March/April. - Mrinvesta - 2019-08-25 12:03:27 PDT

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I was ok with holding on to my #CBL shares as long as it was paying dividends. My thought was that I would just wait it out and collect dividends, and not sell since I would lose a lot compared to what I paid. But now with the company cutting dividends, I feel like this will be a stock sitting in the corner of my portfolio just slowly going to zero. - Mrinvesta - 2019-04-17 18:45:50 PDT

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I believe it will, but maybe I am too optimistic. Despite their share prices dropping, they are still consistent dividend payers. - deadtom - 2019-04-16 23:18:58 PDT

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#CBL's stock price is moving up this week post its earnings reports, even though it wasn't great it signals some hope. - Atopp - 2019-05-03 12:51:05 PDT

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CBL Q1 report gave me some mixed feelings, as I would like to be hopeful that the company still has a fighting chance. Some of the positives they called out 1) "CBL has made tremendous progress on its anchor replacement program, with nearly two dozen anchor replacements recently opened or pending (complete list follows). 2) "Portfolio occupancy increased 20 basis points to 91.3% as of March 31, 2019, compared with 91.1% as of March 31, 2018." 3) "Same-center mall occupancy was 89.7% as of March 31, 2019, a 20 basis point improvement compared with 89.5% as of March 31, 2018." 4) "Year-to-date, CBL has completed gross asset sales totaling $51 million." Some of the neutral news was: "Same-center sales per square foot for the stabilized mall portfolio for the twelve-months ended March 31, 2019, of $377 per square foot were flat compared with the prior-year period." but not bad in my opinion considering everything they are trying to turnaround. Some of the negative news (but expected, once again with the transition) was" 1)"FFO per diluted share, as adjusted, was $0.30 for the first quarter 2019, compared with $0.42 per share for the first quarter of 2018." 2) "Total Portfolio Same-center NOI declined 5.3% for the three months ended March 31, 2019." In my opinion, the company is showing some positive signs that it can become a smaller version of itself yet stable, while others may argue that these change & dispositions may not be fast enough results. Either way, I wouldn't buy CBL stocks based on this earnings report and news. - Kev B - 2019-05-01 03:57:53 PDT

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I don't think CBL has ever been so close to hitting the $1 per share mark ($1.04 lowest of the day), is such a low share price warranted for CBL? I know the situation is bad for the company, but I would want to figure out what is a fair price for its poor conditions, and what is market overreaction. - LLNN - 2019-04-22 22:31:48 PDT

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Actually, #CBL has already reduced its dividend payments at least twice in the last years and has announced that it will suspend its common dividend payments for 2 quarters. Also once they suspend the dividends I'm not confident they will start paying dividends again after two months (I would happily be wrong), but with their stock price trading so low, I don't see why they would be encouraged to bring back the dividends or bring it back at $0.075 per share again. - wolfman82 - 2019-04-16 23:32:26 PDT