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Mall REIT's Share Price Slides After Axing Dividends

Facing Losses From Retailer Bankruptcies, CBL Properties Suspends Dividends for 2020
An entrance to CBL Properties' CoolSprings Galleria mall in Franklin, Tennessee. (CoStar)
An entrance to CBL Properties' CoolSprings Galleria mall in Franklin, Tennessee. (CoStar)
By Nicolas Foster
CoStar Research
December 10, 2019 | 3:16 P.M.

Calling it a "significant and difficult decision," CBL Properties CEO Stephen D. Lebovitz announced the real estate investment trust was suspending all future dividends on its common and preferred stock until the end of 2020, becoming the first regional mall REIT to cancel dividend payments so far this year.

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