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Today, CBL & Associates Properties, Inc. (NYSE:CBL), a real estate investment trust (REIT), disclosed its financial outcomes for the fourth quarter and the full year that concluded on December 31, 2024.
The company, headquartered in Chattanooga, Tennessee, released the earnings along with supplemental financial and operating details, marking a significant update for its stakeholders.
The financial results, which were not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference under the Securities Act of 1933, were provided in an earnings release dated today.
These results are available as Exhibit 99.1 in the Form 8-K and present the company's performance for the last quarter and the entire year of 2024. InvestingPro analysis reveals several positive indicators for the company, with 8+ additional exclusive insights available to subscribers.
CBL & Associates, incorporated in Delaware, operates within the Real Estate & Construction sector, specifically focusing on the management and development of properties. The company's common stock is traded on the New York Stock Exchange under the ticker symbol CBL.
The release of this financial information is part of the company's routine disclosure practices and is intended to keep investors informed about its financial health and operational status.
The report was signed off by Benjamin W. Jaenicke, CBL's Executive Vice President - Chief Financial Officer and Treasurer, ensuring the accuracy and authorization of the disclosed information.
While the specifics of the financial results were not detailed in this announcement, the reporting of such results is an essential aspect of the company's transparency with its investors and the market. This information is based on a press release statement and provides a factual representation of the company's financial position as of the end of the 2024 fiscal year.
In other recent news, CBL Properties, a real estate investment trust, announced dividends for Q1 2025. The company declared a quarterly cash dividend of $0.40 per common share, setting the annual rate at $1.60 per share. In addition, CBL's Board of Directors also announced a special cash dividend of $0.80 per common share, in compliance with U.S. federal income tax regulations applicable to REITs.
CBL's CEO, Stephen D. Lebovitz, highlighted operational improvements, stable net operating income, and strong cash flow in 2024. He also noted progress in improving the company's balance sheet, indicating these dividends reflect the company's commitment to sharing its value creation with shareholders. These are among the recent developments for the company, which manages a portfolio of 89 properties across 21 states.
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