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Last €14.60 EUR
Change Today +0.005 / 0.03%
Volume 0.0
CAZ On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 10:06 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

cbl & associates properties (CAZ) Snapshot

Open
€14.47
Previous Close
€14.60
Day High
€14.60
Day Low
€14.39
52 Week High
02/5/15 - €18.45
52 Week Low
10/16/14 - €13.41
Market Cap
2.5B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
170.5M
EX-Date
06/26/15
P/E TM
--
Dividend
€1.05
Dividend Yield
6.08%
Current Stock Chart for CBL & ASSOCIATES PROPERTIES (CAZ)

cbl & associates properties (CAZ) Related Businessweek News

No Related Businessweek News Found

cbl & associates properties (CAZ) Details

CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and management of properties. The fund invests in the real estate markets of United States. Its portfolio consists of enclosed malls and open-air centers. CBL & Associates Properties is based in Oak Brook, Illinois. CBL & Associates Properties was founded in 1978 and is based in Chattanooga, Tennessee with additional offices in Waltham, Massachusetts; Chesterfield, Missouri; and Irving, Texas.

610 Employees
Last Reported Date: 03/2/15
Founded in 1978

cbl & associates properties (CAZ) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.7M
Executive Chairman and Chairman of Executive ...
Total Annual Compensation: $1.4M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $843.6K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $938.6K
Executive Vice President of Development & Adm...
Total Annual Compensation: $739.8K
Compensation as of Fiscal Year 2014.

cbl & associates properties (CAZ) Key Developments

CBL & Associates Properties Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

CBL & Associates Properties Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $253,843,000 against $256,933,000 a year ago. Income from operations was $89,858,000 against $97,253,000 a year ago. Income from continuing operations was $48,331,000 against $44,077,000 a year ago. Net income attributable to common shareholders was $30,672,000 or $0.18 per share compared with $26,735,000 or $0.16 per share a year ago. FFO of the operating partnership was $104,930,000, compared with $109,115,000 a year ago. Funds from operations of the operating partnership, as adjusted were $107,678,000 compared with $109,115,000 a year ago. Funds from operations per diluted share were $0.53 compared with $0.55 per share a year ago. Funds from operations, as adjusted, per diluted share were $0.54 against $0.55 a year ago. FFO allocable to common shareholders was $89,558,000 compared with $93,021,000 a year ago. Funds from operations allocable to common shareholders, as adjusted were $91,903,000 against $93,021,000 a year ago. For the six months, the company reported revenues of $514,752,000 against $518,176,000 a year ago. Income from operations was $174,890,000 against $173,422,000 a year ago. Income from continuing operations was $101,536,000 against $108,369,000 a year ago. Net income attributable to common shareholders was $65,613,000 or $0.38 per share compared with $70,806,000 or $0.42 per share a year ago. FFO of the operating partnership was $229,086,000 compared with $255,503,000 a year ago. Funds from operations of the operating partnership, as adjusted were $210,616,000 compared with $212,043,000 a year ago. Funds from operations per diluted share were $1.15 compared with $1.28 a year ago. Funds from operations as adjusted, per diluted share were $1.05 against $1.06 a year ago. FFO allocable to common shareholders was $195,525,000 compared with $217,765,000 a year ago. Funds from operations allocable to common shareholders, as adjusted were $179,761,000 against $180,724,000 a year ago. The company is increasing guidance for FFO, as adjusted, to the range of $2.25 to $2.32 per diluted share. Its guidance also assumes a same-center NOI growth range of 0% to 2.0% in 2015. The company expects diluted earnings per common share into range of $0.81 to $0.88 per share. The company expects FFO per diluted, fully converted common share into range of $2.34 to $2.41 per share. The expected adjusted FFO per diluted, fully converted common share into range of $2.25 to $2.32 per share.

CBL & Associates Properties Inc. Completes the Acquisition of Mayfaire Town Center in Wilmington, NC

CBL & Associates Properties Inc. announced that it had closed on the acquisition of Mayfaire Town Center and Community Center, the premier open-air center located in the affluent coastal market of Wilmington, NC. The property was acquired for a total cash purchase price of $192 million from a partnership between BrodyCo Inc. and Zimmer Development Company. Mayfaire Town Center is a 610,000-square-foot open-air center anchored by Belk and a 16-screen Regal Cinema, featuring an IMAX theater, as well as junior anchors, including The Fresh Market, Cost Plus/World Market, Pottery Barn, ULTA and Michaels. The center offers retail brands, such as Chico's, Francesca's Collection, J. Crew, White House | Black Market and Williams Sonoma and restaurants, including Brixx Wood Fired Pizza, Which Wich and Zoe's Kitchen. The acquisition also includes developable land accommodating up to 75,000 square feet of additional retail. Mayfaire Community Center is a 210,000-square-foot center anchored by a high-performing Harris Teeter, Dick's Sporting Goods, Marshalls and PetSmart as well as 48,000 square feet of retailer shops, including Panera Bread Co., New Balance, Five Guys Burgers & Fries and Verizon. Mayfaire Town Center and Community Center are 92.5% occupied. The center generates more than $200 million in sales annually with shop sales of $385 per square foot. The center is ideally located along Military Cutoff Road near its intersection with Eastwood Road (US Route 74), approximately two miles from the major I-40 interchange. Mayfaire Town Center and Community Center form the heart of a 400-acre master-planned development featuring 84 condominiums located above first-floor retail called Mayfaire Townview, which contribute to the active live, work, play environment. Additionally, the development includes 264 Class-A apartments called The Reserve at Mayfaire, 208 luxury condominiums called The Village at Mayfaire, Mayfaire Business Park, a 300,000-square-foot Class-A business park, and Parkside Residential Development, a 30-acre single-family residential development that includes 108 home sites with prices of up to $1.0 million.

CBL & Associates Properties, Inc. Declares Common Stock Dividend and Preferred Stock Dividend, Payable on July 16, 2015 and June 30, 2015, Respectively

CBL & Associates Properties Inc. announced that its board of directors has declared a quarterly cash dividend for the company's common stock of $0.265 per share for the quarter ending June 30, 2015. The dividend is payable on July 16, 2015, to shareholders of record as of June 30, 2015. The board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending June 30, 2015, for the company's 7.375% Series D Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on June 30, 2015, to shareholders of record as of June 15, 2015. The board also declared a quarterly cash dividend of $0.4140625 per depositary share for the quarter ending June 30, 2015, for the company' 6.625% Series E Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.65625 per depositary share, is payable on June 30, 2015, to shareholders of record as of June 15, 2015.

 

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