CBL & Associates stock climbed after the company announced that it plans to file for bankruptcy protection. Investors shouldn't be tempted to buy.
News & Analysis: CBL and Associates Properties
CBL's malls were already in a downward spiral entering 2020, and the COVID-19 pandemic has made things much worse.
The mall owner said it missed a payment on unsecured notes and was doubtful about its continued operations.
Mall REITs have taken a hit from COVID-19, with most having now cut their dividends. Simon hasn't, but it's going to. Here's what the CEO had to say.
What a difference a day makes on Wall Street, as investors seemingly change their minds on the prospects of a mall recovery.
CBL issues a "going concern" notice that says it may not survive another year.
The temporary closure of its malls from COVID-19, along with retail bankruptcies and a likely wave of store closings in the months ahead, have driven CBL & Associates to the brink of bankruptcy.
Mall REITs are battening down the hatches, or worse, as they look to survive the impact of COVID-19-related closures. It won't be pretty.
The retail landscape is changing as more consumers shop online. But this isn't what's killing mall REITs. Here's what the real problem is.
CBL earnings call for the period ending December 31, 2019.