CBL & Associates Prop

Shares of CBL & Associates Properties rose to a new record high of $59.26 and gained 115.48% over the past year. At the same time, the company completed the sale of the open-air center Hammock Landing in West Melbourne, Florida, for $78.5 million and took on a $43.8 million loan. Together with a prior sale of infrastructure bonds, the transaction generated a cash inflow of around $26 million and serves to optimize the portfolio and strengthen the balance sheet. » Altro su de.investing.com

The stock of CBL & Associates Properties climbed to a record high of $48.69 and rose 92.87% over the past year. The company sold the Hammock Landing shopping center in West Melbourne, Florida, for $78.5 million and, after assuming a $43.8 million loan, generated about $26 million in cash proceeds. CBL also secured a variable-rate, non-recourse loan of $176 million from Beal Bank USA and a non-recourse loan of $425 million from Goldman Sachs Bank USA at a 7.40% fixed rate maturing in April 2031. » Altro su de.investing.com

Shares of CBL & Associates Properties rose to a 52-week high of $41.36, marking an 83.76% gain over the past year. The company shows a dividend yield of 4.82% and continued market recovery in its retail portfolio. CBL refinanced liabilities with a variable-rate, nonrecourse loan of $176 million and another nonrecourse loan of $425 million at a fixed rate of 7.40%, with maturities through 2031 and five years, respectively, and linked covenants to an existing $443 million facility. » Altro su de.investing.com