CBL Properties Closes Sale of Interest in the Outlet Shoppes at Atlanta
CBL & Associates Properties, Inc. (CBL)
Last cbl & associates properties, inc. earnings: 2/6 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
cblproperties.com
Company Research
Source: Business Wire
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that it closed the sale of a 15% interest in The Outlet Shoppes at Atlanta in Atlanta, GA, to an affiliate of its existing joint venture partner, Horizon Group Properties, for total consideration of $20.8 million. The sales price included approximately $11.4 million in related debt. Following the sale, CBL and its joint venture partner both own a 50% interest in the center. Net proceeds from the sale were used to reduce outstanding balances on the company’s line of credit.“With the closing of this sale, we’ve completed gross asset sales of more than $180 million during 2019,” said Stephen Lebovitz, CBL’s chief executive officer. “Proceeds from dispositions, along with our significant free cash flow, allow us to further transformative redevelopment efforts at our properties as well as improve our balance sheet through debt reduction.”About CBL PropertiesHeadquartered in Chattanooga, TN, CBL Properties ow
Show less
Read more
Impact Snapshot
Event Time:
CBL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CBL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CBL alerts
High impacting CBL & Associates Properties, Inc. news events
Weekly update
A roundup of the hottest topics
CBL
News
- CBL Properties and MINISO Partner to Expand Its U.S. Presence to Thirteen CBL MallsBusiness Wire
- CBL & Associates: An Attractive Buy Before Fed Rate Cuts [Seeking Alpha]Seeking Alpha
- CBL Properties Partners With Adeptmind to Launch “Inventory Insider”Business Wire
- CBL Properties Reports Results for Fourth Quarter and Full-Year 2023Business Wire
- CBL Properties Announced 6.7% Increase in Quarterly DividendBusiness Wire
CBL
Sec Filings
- 4/22/24 - Form DEF
- 3/25/24 - Form 4
- 3/15/24 - Form 4
- CBL's page on the SEC website