CBL & Associates stock hits all-time high at 48.69 USD

CBL & Associates Properties stock hits all-time high of 48.69 USD with 92.87% annual gain. Key financial moves include retail center sale and new loans. Read on Bond.az.

Today / 18:31|Last updated: Today / 18:34

CBL & Associates stock hits all-time high at 48.69 USD — Photo: Prepared by Bond.az

CBL & Associates Properties Inc stock reached an all-time high of 48.69 USD, marking a significant milestone for the REIT.

Over the past year, the stock surged 92.87%, reflecting investor confidence and positive market sentiment.

Recently, CBL completed the sale of Hammock Landing, a 397,000 sq ft retail center, for $78.5 million.

The company also secured a $176 million loan with Beal Bank USA and a $425 million loan with Goldman Sachs Bank USA.

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