CBL News & Events

CBL Properties closed on the sale of a 10.468-acre parcel of land on the northeast side of Harford Mall to SJC Ventures as part of a future masterplan mixed-use redevelopment. The sale is consistent with CBL's ongoing strategy of unlocking value from underappreciated land and assets that can be redeployed into higher-yielding opportunities. The land parcel includes the former Macy's location, which is expected to be demolished to make way for a future mixed-use development. Additional phases of the overall Harford Mall site redevelopment will be announced in the coming months.

Reports Q1 revenue $145.97M vs. $141.8M last year. Same-center NOI for Q1 2026 increased 2.1% compared with the prior-year period. Portfolio occupancy was 90.5% as of March 31, 2026, an increase of 50 bps from portfolio occupancy of 90.0% at year-end 2025 and 10 bps from portfolio occupancy of 90.4% as of March 31, 2025."2026 is off to an exceptional start for CBL," said Stephen D. Lebovitz, Chief Executive Officer of CBL Properties. "We completed a series of transformational financing transactions that significantly strengthened our balance sheet and enhanced free cash flow. In March 2026, we successfully refinanced our $634 million secured term loan through over $600 million of new financing, including a $425 million non-recourse loan secured by a pool of primarily mall properties and a $176 million floating-rate bank loan secured primarily by open-air lifestyle centers. These transactions materially extend our maturity schedule, reduce amortization, and will generate an estimated $30 million of incremental annual free cash flow, while maintaining our non-recourse capital structure. We also completed the refinance of a loan secured by Fayette Mall in Lexington, KY, as well as a loan secured by Northwoods Mall in N. Charleston, SC. Together the new financings will generate an estimated $8.0 million of incremental annual cash flow to the Company."