CBL & Associates Properties, Inc.

CBL Properties is a real estate investment trust (REIT) headquartered in Chattanooga, Tennessee, specializing in the ownership, management, and development of shopping centers and malls. The company's core business involves investing in retail properties, primarily located in the Southeastern and Midwestern United States. Its mission is to create vibrant and engaging destinations that cater to the evolving needs of consumers and retailers, while also enhancing the quality of life in the communities it serves and delivering superior returns to shareholders through strategic property acquisition, development, and effective asset management.

CBL Properties' portfolio includes regional shopping malls, outlet centers, lifestyle centers, open-air centers, and mixed-use properties. The company's revenue is predominantly generated from leasing arrangements with retail tenants across its extensive portfolio, which comprises numerous properties spanning multiple states. CBL focuses on active management, aggressive leasing, and profitable reinvestment to continuously strengthen its portfolio.

Having emerged from Chapter 11 bankruptcy in November 2021, CBL Properties has been actively engaged in strategic initiatives to enhance its market positioning. Recent activities include the refinancing of key assets, such as a new $97.5 million loan secured by Fayette Mall in May 2026, reflecting lender confidence in high-quality retail real estate. The company also announced a $25 million stock repurchase plan in May 2025 and declared a Q1 2026 special dividend, alongside an increased regular dividend, demonstrating a commitment to shareholder returns. Under the leadership of CEO Stephen D. Lebovitz, CBL is focused on redeveloping its mall properties to incorporate diverse uses beyond traditional retail, including entertainment and mixed-use components, adapting to changing consumer trends and fostering experience-driven destinations.