CBL closed on the sale of Monroeville Mall in Monroeville, PA, for $34.0 million in January 2025.

In December 2024, CBL closed on the acquisition of its partner’s 50% joint venture interests in three high-performing centers for a total cash consideration of $22.5 million and assumed its former partner's share of three non-recourse loans, secured individually by each of the assets, totaling $266.7 million.

Same-center NOI for 2024 increased 0.2% compared with the prior-year period, and FFO, as adjusted, per share increased to $6.69, compared with $6.66 for the prior-year period. CBL reported a decline in same-center NOI of 1.6% for the fourth quarter 2024 compared with the prior-year period, and FFO, as adjusted, per share of $1.92, compared with $1.94 for fourth quarter 2023.

Nearly 4.5 million square feet of leases were executed in 2024, including nearly 1.4 million executed in the fourth quarter. Fourth quarter 2024 leasing results included comparable leases of approximately 859,000 square feet signed at roughly flat average rents versus the prior leases.