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CBL Properties Declares First Quarter Regular Dividend and Special Cash Common Stock Dividend

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CBL Properties (NYSE:CBL) has announced two dividend distributions for Q1 2025. The company declared a regular quarterly cash dividend of $0.40 per common share, equivalent to an annual payment of $1.60 per share. Additionally, the Board approved a special cash dividend of $0.80 per common share to maintain REIT compliance requirements.

Both dividends will be paid on March 31, 2025, to shareholders of record as of March 13, 2025. CEO Stephen D. Lebovitz highlighted 2024's operational improvements, stable NOI, strong cash flow, and balance sheet enhancement as key achievements, emphasizing the company's commitment to shareholder value creation through these distributions.

CBL Properties (NYSE:CBL) ha annunciato due distribuzioni di dividendi per il primo trimestre del 2025. L'azienda ha dichiarato un dividendo in contante trimestrale regolare di $0,40 per azione ordinaria, equivalente a un pagamento annuale di $1,60 per azione. Inoltre, il Consiglio ha approvato un dividendo speciale in contante di $0,80 per azione ordinaria per mantenere i requisiti di conformità REIT.

Entrambi i dividendi saranno pagati il 31 marzo 2025, agli azionisti registrati al 13 marzo 2025. Il CEO Stephen D. Lebovitz ha evidenziato i miglioramenti operativi del 2024, un NOI stabile, un forte flusso di cassa e il miglioramento del bilancio come risultati chiave, sottolineando l'impegno dell'azienda nella creazione di valore per gli azionisti attraverso queste distribuzioni.

CBL Properties (NYSE:CBL) ha anunciado dos distribuciones de dividendos para el primer trimestre de 2025. La empresa declaró un dividendo en efectivo trimestral regular de $0.40 por acción ordinaria, equivalente a un pago anual de $1.60 por acción. Además, la Junta aprobó un dividendo especial en efectivo de $0.80 por acción ordinaria para mantener los requisitos de cumplimiento de REIT.

Ambos dividendos se pagarán el 31 de marzo de 2025, a los accionistas registrados a partir del 13 de marzo de 2025. El CEO Stephen D. Lebovitz destacó las mejoras operativas de 2024, un NOI estable, un fuerte flujo de caja y la mejora del balance como logros clave, enfatizando el compromiso de la empresa con la creación de valor para los accionistas a través de estas distribuciones.

CBL Properties (NYSE:CBL)는 2025년 1분기 두 가지 배당금을 발표했습니다. 회사는 보통주 1주당 $0.40의 정기 분기 현금 배당금을 선언했으며, 이는 연간 $1.60의 지급에 해당합니다. 또한 이사회는 REIT 준수 요건을 유지하기 위해 보통주 1주당 $0.80의 특별 현금 배당금을 승인했습니다.

두 배당금은 2025년 3월 31일에 지급되며, 2025년 3월 13일 기준 주주에게 지급됩니다. CEO Stephen D. Lebovitz는 2024년의 운영 개선, 안정적인 NOI, 강한 현금 흐름 및 재무 상태 개선을 주요 성과로 강조하며, 이러한 분배를 통해 주주 가치 창출에 대한 회사의 의지를 강조했습니다.

CBL Properties (NYSE:CBL) a annoncé deux distributions de dividendes pour le premier trimestre 2025. L'entreprise a déclaré un dividende en espèces trimestriel régulier de 0,40 $ par action ordinaire, ce qui équivaut à un paiement annuel de 1,60 $ par action. De plus, le Conseil a approuvé un dividende exceptionnel en espèces de 0,80 $ par action ordinaire pour maintenir les exigences de conformité REIT.

Les deux dividendes seront versés le 31 mars 2025, aux actionnaires inscrits au 13 mars 2025. Le PDG Stephen D. Lebovitz a souligné les améliorations opérationnelles de 2024, un NOI stable, un flux de trésorerie solide et l'amélioration du bilan comme des réalisations clés, en mettant l'accent sur l'engagement de l'entreprise à créer de la valeur pour les actionnaires grâce à ces distributions.

CBL Properties (NYSE:CBL) hat zwei Dividendenzahlungen für das erste Quartal 2025 angekündigt. Das Unternehmen erklärte eine reguläre vierteljährliche Barausschüttung von $0,40 pro Stammaktie, was einer jährlichen Zahlung von $1,60 pro Aktie entspricht. Darüber hinaus genehmigte der Vorstand eine sonstige Barausschüttung von $0,80 pro Stammaktie, um die REIT-Konformitätsanforderungen aufrechtzuerhalten.

Beide Dividenden werden am 31. März 2025 an die Aktionäre ausgezahlt, die am 13. März 2025 im Aktienregister stehen. CEO Stephen D. Lebovitz hob die operativen Verbesserungen von 2024, ein stabiles NOI, einen starken Cashflow und die Verbesserung der Bilanz als wichtige Erfolge hervor und betonte das Engagement des Unternehmens für die Schaffung von Shareholder-Value durch diese Ausschüttungen.

Positive
  • Regular quarterly dividend of $0.40 per share maintained
  • Additional special dividend of $0.80 per share announced
  • Strong operational performance in 2024 with stable NOI
  • Improved balance sheet position
  • Strong cash flow generation
Negative
  • None.

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a regular cash dividend of $0.40 per common share for the quarter ending March 31, 2025. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on March 31, 2025, to shareholders of record as of March 13, 2025.

CBL’s Board of Directors has also declared a special cash dividend of $0.80 per common share. The special dividend is required to remain in compliance with U.S. federal income tax rules for real estate investment trusts (“REITs”). The special dividend is payable on March 31, 2025, to shareholders of record as of March 13, 2025.

“2024 was an excellent year for CBL,” said Stephen D. Lebovitz, CBL’s CEO. “We executed operational improvements, generated stable NOI and strong cash flow and made major strides in improving our balance sheet. We are pleased to demonstrate our commitment to sharing CBL’s value creation with shareholders through the continuation of our regular dividend as well as this special additional distribution.”

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 89 properties totaling 56.2 million square feet across 21 states, including 54 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com.

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

CBL_Corp

Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com

Source: CBL Properties

FAQ

What is CBL Properties' Q1 2025 regular dividend amount?

CBL Properties' regular quarterly dividend for Q1 2025 is $0.40 per common share, equivalent to $1.60 annually.

When will CBL Properties pay its Q1 2025 dividends?

Both the regular and special dividends will be paid on March 31, 2025, to shareholders of record as of March 13, 2025.

Why is CBL Properties paying a special dividend in Q1 2025?

CBL Properties is paying a special dividend of $0.80 per share to remain in compliance with U.S. federal income tax rules for REITs.

What is the total dividend payment CBL shareholders will receive in Q1 2025?

CBL shareholders will receive a total of $1.20 per share, combining the $0.40 regular dividend and $0.80 special dividend.

What is CBL Properties' annual dividend rate for 2025?

CBL Properties' regular annual dividend rate is $1.60 per common share, paid in quarterly installments of $0.40.

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