M&A
confidence high
sentiment positive
materiality 0.70
CBL & Associates completes $178.9M acquisition of four malls; pro forma EPS rises
CBL & ASSOCIATES PROPERTIES INC
- Acquired four enclosed regional malls for $178.9 million plus $2.1 million transaction costs.
- Funded via asset sale cash and $110M modification of existing Beal Bank loan to $443M.
- For six months ended June 2025, pro forma net income to common shareholders $15.8M vs $10.8M historical.
- Pro forma diluted EPS $0.52 vs $0.35; full-year 2024 pro forma EPS $2.19 vs $1.87.
- Acquired malls generated $19.4M revenue in H1 2025; excess over certain expenses $14.6M.