CBL & Associates Properties, Inc. PRFD 'D'

Shares of CBL & Associates Properties Inc. rose to $39.00, marking a new 52-week high and representing a 42.71% increase over the past year. The REIT is attractively valued with a P/E ratio of 8.69 and an EV/EBITDA of 9.11. CBL has secured a non-recourse loan of $425 million from Goldman Sachs Bank USA with a fixed interest rate of 7.40% and a term through April 2031, secured by a portfolio of shopping centers including Cherryvale Mall and Hanes Mall. The financing is intended to refinance existing liabilities and help stabilize the company's finances; the agreement was completed on March 13, according to an SEC filing. » Plus sur de.investing.com

CBL & Associates agreed a non‑recourse loan of $425 million with Goldman Sachs Bank USA, five‑year term, fixed interest rate of 7.40% and maturity in April 2031. The loan is secured by a portfolio of predominantly mall properties and was partly used to repay an existing secured term loan of $634 million. The agreement includes a debt‑yield covenant, customary financial and operating covenants, and provisions for prepayment and acceleration in the event of insolvency; Goldman Sachs will also provide ongoing investment banking and banking services to CBL. » Plus sur de.investing.com

Shares of CBL & Associates Properties rose to a 52-week high of $38.35, representing a year-to-date gain of 31.91%. The company announced a new $25 million share buyback program to replace the program launched in May 2025; previously, 248,590 shares were repurchased for $7.3 million. CBL also closed financings totaling nearly $158 million across three transactions, including a five-year non-recourse loan of $43 million at a fixed interest rate of 5.9% to replace more expensive existing debt. » Plus sur de.investing.com