CBL · Cbl & Associates Properties Inc

CBL Properties (NYSE: CBL) today announced that its Board of Directors has approved a special cash dividend of $0.175 per common share for the first quarter of 2026. The special dividend is in addition to the previously declared $0.45 per share dividend announced on February 11, 2026, resulting in a total first‑quarter dividend of $0.625 per share, a 39% increase. The special dividend will be paid on April 17, 2026, to shareholders of record as of April 10, 2026. The special dividend represents an increase in the Company’s dividend for the first quarter and is expected to be incorporated into the ongoing regular quarterly dividend beginning in the second quarter, subject to Board approval. The new quarterly dividend equates to an annualized rate of $2.50 per common share. “With the more than $30 million improvement in free cash flow generated by our recent term‑loan refinancing, we are pleased to significantly increase our regular dividend,” said Stephen D. Lebovitz, CBL’s CEO. “As

Transaction Completes Refinancing of Former $634 Million Secured Term Loan and Advances Balance Sheet Strategy CBL Properties (NYSE:CBL) today announced that it has closed on a $176 million floating‑rate, non‑recourse loan secured primarily by a pool of three lifestyle and open‑air centers. The financing represents the second and final component of the Company’s refinancing of its former $634 million secured term loan. The new loan with Beal Bank USA is secured by Mayfaire Town Center (Wilmington, NC), Pearland Town Center (Pearland, TX), Southaven Town Center (Southaven, MS), and East Towne Mall (Madison, WI), all of which served as collateral under the prior term loan. The loan carries a five‑year term, includes two one‑year extension options, and is interest‑only with a floating interest rate of SOFR + 410 basis points. “The closing of this $176 million loan completes a transformative refinancing strategy that significantly improves our balance sheet and long‑term financial

Refinancing of Secured Term Loan Expected to Drive More than $30 Million Improvement in Free Cash Flow CBL Properties (NYSE: CBL) today announced that it has successfully refinanced its existing $634 million term loan through two complementary transactions. Today, CBL closed on a $425 million non-recourse financing secured by a pool of primarily mall properties. In addition, CBL anticipates closing shortly on a $176 million floating-rate bank loan primarily secured by a pool of strong open-air lifestyle centers. The new $425 million financing represents the first enclosed regional mall execution of its kind completed in the sector in many years, signaling renewed capital‑markets confidence in quality market-dominant enclosed malls. Although the final maturity of the original term loan was November 2027, refinancing early enables the Company to secure more favorable amortization structures, increasing estimated annual free cash flow by more than $30 million. “This transformative

CBL Properties (NYSE:CBL) today announced two significant transactions that advance the company’s strategic focus on accretively growing its mall portfolio and increasing cash flow through capital recycling. CBL has completed the acquisition of Gateway Mall, a market-dominant enclosed shopping center located in Lincoln, Nebraska, for a purchase price of $43.5 million from Washington Prime Group (WPG). The acquisition of Gateway Mall was financed through a $21.0 million non‑recourse, five‑year loan provided by Symetra Life Insurance Company. The loan carries a fixed interest rate of 6.46%. In a separate transaction, CBL has entered into a firm contract for the sale of an open‑air center at an approximately 8% capitalization rate. The transaction is expected to generate net proceeds after debt repayment of $25 million, with an anticipated close in April. “Gateway Mall is a high‑performing, well‑located asset in a dynamic and growing market,” said Stephen D. Lebovitz, CEO of CBL

2025 FFO and NOI Results Near High-End of Guidance Range CBL Properties (NYSE: CBL) announced results for the fourth quarter and year ended December 31, 2025. Results of operations as reported in the consolidated financial statements for these periods are prepared in accordance with GAAP. A description of each supplemental non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located at the end of this news release. Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Net income attributable to common shareholders $ 1.56 $ 1.22 $ 4.34 $ 1.87 Funds from Operations ("FFO") $ 1.91 $ 2.42 $ 6.74 $ 6.40 FFO, as adjusted (1) $ 2.25 $ 1.92 $ 7.21 $ 6.69 (1) For a reconciliation of FFO to FFO,

CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a regular cash dividend of $0.45 per common share for the quarter ending March 31, 2026. The dividend is payable on March 31, 2026, to shareholders of record as of March 17, 2026. About CBL Properties Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 88 properties totaling 53.9 million square feet across 22 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com . Information included herein contains “forward-looking statements” within the meaning of

CBL Properties (NYSE:CBL) today announced tax reporting (Federal 1099) information for the 2025 distributions on its Common stock. The following table summarizes the nature of these cash distributions per share and provides the appropriate Form 1099-DIV box number: CBL & Associates Properties, Inc., Common Stock CUSIP# 124830-878 NYSE: CBL Record Date Payable Date Distribution Per Share 2025 Ordinary Dividends (Box 1a) 2025 Capital Gain Distribution (Box 2a) 2025 Non-Dividend Distribution (Box 3) Section 199A Dividends (Box 5)(1) 03/13/2025 03/31/2025 $0.40 $0.3543314 $0.0008576 $0.0448110 $0.3543314 03/13/2025 03/31/2025 $0.80 $0.7086629 $0.0017150 $0.0896221 $0.7086629 06/13/2025 06/30/2025 $0.40 $0.3543314 $0.0008575 $0.0448111 $0.3543314 09/15/2025 09/30/2025 $0.45 $0.4021292 $0.0009732 $0.0468976 $0.4021292 11/25/2025 12/11/2025 $0.45 $0.3383775 $0.0460857 $0.0655368 $0.3383775 Totals $2.50 $2.1578324 $0.0504890 $0.2916786 $2.1578439 Percentage 86.313% 2.020% 11.667% 86.313%