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0 0 0 0 0.0394672201816058 0.00530632562164695 0.00530632562164695 0.00530632562164695
Stock impact report

CBL Properties Reloads and Extends Its $25 Million Stock Repurchase Plan

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 its Board of Directors authorized a new stock repurchase program for the Company to buy up to $25 million of its common stock. The new stock repurchase program replaces the existing program authorized on May 1, 2025. Under the prior program, CBL had acquired 248,590 shares of CBL stock for $7.3 million.“Replenishing the program allows us to allocate additional capital to capture an attractive investment opportunity when our stock is trading at a significant discount,” said Stephen Lebovitz, chief executive officer. “This action, as well as the special dividend paid in March and increase to our regular dividend in August, demonstrate our commitment to maximizing shareholder returns as well as our confidence in CBL’s current and future value. Our strong cash balance and significant cash flow generation provide an ongoing source to support this program and other opportunities.”Repurchase ProgramThe Co Show less Read more
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