CBL Properties board authorizes $25M stock repurchase plan through May 2026

CBL & ASSOCIATES PROPERTIES INC

Board authorized repurchase of up to $25M of common stock through May 1, 2026.
CEO Lebovitz cites 'significant discount' to intrinsic value; reaffirms commitment to shareholder returns.
Repurchases may occur on open market or privately; no obligation to buy any specific amount.
Company notes strong cash balance and cash flow to support program alongside regular quarterly dividend.
Program can be suspended or discontinued at any time at company's discretion.

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