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David J. Contis, a director at CBL & Associates Properties Inc. (NYSE:CBL), recently sold shares of the real estate investment trust. According to a regulatory filing, Contis sold 5,215 shares on March 7 at a price of $29.12 per share, totaling approximately $151,860. Following this transaction, Contis holds 63,824 shares of CBL & Associates Properties.
CBL & Associates Properties, headquartered in Chattanooga, Tennessee, is a real estate investment trust focusing on retail properties. The sale was executed with direct ownership status, as indicated in the filing.
In other recent news, CBL & Associates Properties, Inc. reported its financial outcomes for the fourth quarter and full year ending December 31, 2024. The company provided these results through an earnings release, ensuring transparency for stakeholders. Although specific financial figures were not disclosed in the announcement, the release signifies a routine practice to keep investors informed about the company’s financial health. Additionally, CBL announced a quarterly cash dividend of $0.40 per common share for the first quarter of 2025, with an annual rate set at $1.60 per share. A special cash dividend of $0.80 per common share was also declared, both payable on March 31, 2025, to shareholders of record by March 13, 2025. This move reflects the company’s strategy to comply with federal income tax regulations applicable to REITs. Furthermore, CBL & Associates has updated its executive compensation framework, introducing the 2025 Annual Incentive Compensation Plan and the 2025 Long Term Incentive Compensation Program. These plans aim to align executive incentives with shareholder interests and long-term company performance.
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