| Market Capitalization (Millions $) |
1,701 |
| Shares
Outstanding (Millions) |
31 |
| Employees |
500 |
| Revenues (TTM) (Millions $) |
588 |
| Net Income (TTM) (Millions $) |
217 |
| Cash Flow (TTM) (Millions $) |
8 |
| Capital Exp. (TTM) (Millions $) |
224 |
Business Description
CBL & Associates Properties Inc. is a publicly listed Real Estate Investment Trust (REIT) in the United States that specializes in owning, developing and leasing shopping centers, malls and other retail properties. It was founded in 1978 and is headquartered in Chattanooga, Tennessee, USA. The company operates through its four divisions: Malls, Associated Centers, Community Centers, and Office Buildings.
The Malls division operates large-scale enclosed shopping malls across 26 states, with a total of 11.4 million square feet of space, catering to a wide variety of retail and lifestyle needs. This division is focused on high-quality upgrades and renovations to their properties for enhancing customer experiences.
The Associated Centers division operates open-air, power and lifestyle Centers in 18 states, with a total of 9.9 million square feet of commercial space. These centers are anchored by large-format retailers, grocery stores, and restaurants.
The Community Centers division operates smaller leasing centers in 18 states, with a total of5 million square feet of commercial space. They serve local trade areas and are anchored by grocers or superstores.
The Office Buildings division manages a portfolio of commercial office buildings in 7 states that are located adjacent to our existing shopping centers, and these spaces can include corporate headquarters, executive and service centers, medical offices and more.
CBL maintains a portfolio of 100 properties totaling over 69 million square feet of leasable space across 26 states. They also have joint ventures with other leading national REITs, including Simon Property Group and PREIT.
The company has significant experience in leasing and operating diverse retail properties, and provides leasing management services to both its own properties and third-party properties. They have a unique approach to leasing over their 40-year history, utilizing their strong industry relationships to help tenants create winning business strategies that drive traffic and sales to our properties.
CBL is known for its commitment to sustainability, social responsibility, and transparency in financial planning and reporting. The company has invested in energy-efficient systems in its properties and has reduced its carbon footprint over the years. CBL has also been active in community outreach, donating space in its properties for charitable activities and raising funds to support local causes.
In summary, CBL & Associates Properties Inc. is a reputable REIT that is focused on owning, leasing and developing high-quality retail properties across the US. Their diversified portfolio across large, medium and small retail properties helps them to thrive in a competitive market, while their commitment to sustainability and social responsibility demonstrates their commitment to creating value beyond just commercial success.
Company Address: 2030 Hamilton Place Blvd. Chattanooga 37421 TN
Company Phone Number: 855-0001 Stock Exchange / Ticker: NYSE CBL
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1.89 %