When did CBL authorize this repurchase program?

CBL's Board of Directors authorized the $25 million stock repurchase program on November 5, 2025, as disclosed in this August 2026 earnings release.

How much of the authorization has CBL used so far?

As of June 30, 2026, CBL has acquired 363,676 shares for $12.0 million, representing approximately 48% of the $25 million authorization. Approximately $13 million remains available under the program.

Why is CBL buying back stock at this time?

CBL has strengthened its balance sheet significantly through $925.1 million in financing activity year-to-date, extended debt maturities, and enhanced free cash flow. With $322.7 million in unrestricted cash and improving operational metrics (higher occupancy, positive same-center NOI growth), the company has capital available to return to shareholders while maintaining financial flexibility.

What was the average price CBL paid per share?

Based on the disclosed acquisition of 363,676 shares for $12.0 million, the average price paid was approximately $33.01 per share. However, the filing does not specify the execution mechanism or timing of individual purchases.

Did CBL repurchase any shares during Q2 2026?

No. The filing explicitly states: 'No shares were acquired during the second quarter.' All 363,676 shares acquired under the program to date were purchased between the November 2025 authorization and June 30, 2026.

How does this buyback compare to CBL's dividend?

CBL also increased its quarterly dividend to $0.625 per share (annualized $2.50) on August 5, 2026. Together, dividends and buybacks represent the company's approach to returning capital as its financial position improves, with the buyback serving as a more flexible supplement to the regular dividend.

CBL 8-K Filed 2026-08-07 New authorization

CBL Properties authorizes $25M stock repurchase program

Board approves buyback plan as company strengthens balance sheet and returns capital to shareholders

Authorization$25M

Remaining$13M

MechanismNot specified

What the filing says

On November 5, 2025, CBL & Associates Properties' Board of Directors authorized a stock repurchase program permitting the company to repurchase up to $25 million of its common stock. As of the filing date (August 7, 2026), CBL has acquired 363,676 shares for $12.0 million under the program since authorization, representing approximately 48% of the authorized amount. No shares were repurchased during the second quarter of 2026.

The buyback authorization comes as CBL has made significant progress strengthening its balance sheet through refinancing activity. Year-to-date through mid-2026, the company executed $925.1 million in financing transactions, including refinancing its $634 million term loan in March. These activities extended the company's maturity profile, enhanced free cash flow, and positioned CBL for value-creating investments and shareholder returns.

As of June 30, 2026, CBL maintained $322.7 million in unrestricted cash and marketable securities (including its share of joint venture cash), providing substantial liquidity to support the repurchase program. The company reported improved operational results for the first half of 2026, including portfolio occupancy of 90.4%, same-center NOI growth of 2.2%, and raised full-year guidance.

On November 5, 2025, CBL's Board of Directors authorized a stock repurchase program for the Company to buy up to $25 million of its common stock. CBL has acquired 363,676 shares of CBL common stock for $12.0 million under the program since authorization. — CBL & ASSOCIATES PROPERTIES INC 8-K filing · View on SEC EDGAR →

What this means

CBL's $25 million authorization represents a modest capital return to shareholders in the context of the company's market capitalization and recent refinancing activity. Having deployed approximately $12 million of the authorization across roughly 364,000 shares at an average price of $33.01, CBL retains approximately $13 million in authorization capacity. The company's substantial cash position ($322.7 million) and improved operational momentum—evidenced by rising occupancy and same-center NOI growth—suggest the buyback is part of a broader capital allocation strategy to return value as balance-sheet constraints ease. This is typical for REITs seeking to offset dilution while maintaining financial flexibility for debt management and property investments.

Frequently asked questions

When did CBL authorize this repurchase program?: CBL's Board of Directors authorized the $25 million stock repurchase program on November 5, 2025, as disclosed in this August 2026 earnings release.
How much of the authorization has CBL used so far?: As of June 30, 2026, CBL has acquired 363,676 shares for $12.0 million, representing approximately 48% of the $25 million authorization. Approximately $13 million remains available under the program.
Why is CBL buying back stock at this time?: CBL has strengthened its balance sheet significantly through $925.1 million in financing activity year-to-date, extended debt maturities, and enhanced free cash flow. With $322.7 million in unrestricted cash and improving operational metrics (higher occupancy, positive same-center NOI growth), the company has capital available to return to shareholders while maintaining financial flexibility.
What was the average price CBL paid per share?: Based on the disclosed acquisition of 363,676 shares for $12.0 million, the average price paid was approximately $33.01 per share. However, the filing does not specify the execution mechanism or timing of individual purchases.
Did CBL repurchase any shares during Q2 2026?: No. The filing explicitly states: 'No shares were acquired during the second quarter.' All 363,676 shares acquired under the program to date were purchased between the November 2025 authorization and June 30, 2026.
How does this buyback compare to CBL's dividend?: CBL also increased its quarterly dividend to $0.625 per share (annualized $2.50) on August 5, 2026. Together, dividends and buybacks represent the company's approach to returning capital as its financial position improves, with the buyback serving as a more flexible supplement to the regular dividend.

authorization REIT real-estate balance-sheet-improvement capital-return

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.