SCHEDULE: BlackRock Amends Passive Stake in CBL Properties, Holding Just Under 5%
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amendment to its Schedule 13G, disclosing a passive beneficial ownership of 4.98% of CBL AND ASSOCIATES PROPERTIES INC common stock as of June 30, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 1,542,888 shares of CBL AND ASSOCIATES PROPERTIES INC common stock.
- This represents 4.98% of the outstanding common stock of CBL AND ASSOCIATES PROPERTIES INC.
- BlackRock holds sole voting power over 1,494,386 shares and sole dispositive power over 1,542,888 shares.
- The filing is an Amendment No. 2 to a Schedule 13G, indicating a passive investment in the issuer.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of passive beneficial ownership, indicating a neutral sentiment as it does not convey positive or negative news about the issuer's performance or BlackRock's intent beyond passive investment.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- The securities referred to were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
Industry Context
NA
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- The filing indicates BlackRock's continued passive investment in CBL AND ASSOCIATES PROPERTIES INC, suggesting no immediate direct impact on shareholders, employees, customers, suppliers, or creditors beyond the general market perception of institutional investment.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, which was revoked by the new Power of Attorney. |
| 2025-01-21 | Date of execution of the new Power of Attorney by BlackRock, Inc. |
| 2025-06-30 | Date of event which required the filing of this Schedule 13G Amendment No. 2. |
| 2025-07-16 | Date of filing of this Schedule 13G Amendment No. 2. |
Keywords
BlackRock, CBL AND ASSOCIATES PROPERTIES INC, Schedule 13G, beneficial ownership, common stock, passive investment, institutional investor, SEC filing
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