Zacks Initiates Coverage of CBL With Neutral Recommendation

CBL & ASSOCIATES PROPERTIES INC (CBL) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 cbl-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Earnings Release and Supplemental Financial and Operating Information For the Three and Six Months Ended June 30, 2026 Earnings Release and Supplemental Financial and Operating Information Table of Contents Page Earnings Relea

CBL Properties reported Q2 ended June 30 results under GAAP. Same-center NOI rose 1.5% YoY, and adjusted FFO per share was $1.89 vs $1.86. Leasing totaled nearly 1.3M sq ft, occupancy was 90.4%. The board approved a $0.625 dividend for Q3 2026. CBL said it raised and tightened full-year 2026 guidance and executed $925.1M of financing YTD.

Raytheon, according to the U.S. Department of Defense, won two missile-defense related contracts totaling $1.3 billion. It received $745.4 million for Standard Missile-3 Block IIA rounds and $536 million to modify the TOW Weapon System contract, raising its cumulative value to $750.8 million. Work is set in Tucson and Huntsville, with completion dates through 2031.

Firmus, a private AI-infrastructure operator, secured commitments for a $2 billion equity raise backed by Nvidia (NVDA), Blackstone (BX), Coatue and Jane Street, nearly doubling its valuation to over $10.5 billion in four months. The funds will accelerate Project Southgate and Asia-Pacific expansion, including a planned 360 MW AI factory in Indonesia. Firmus also has a $10 billion debt facility led by Blackstone and Coatue.

A Minnesota woman, Kristen Behne, sued Chipotle in U.S. District Court alleging she contracted salmonella from a June 24 burrito bowl at a Roseville, Minn. restaurant, leading to hospitalization for sepsis. The lawsuit cites a salmonella outbreak linked to jalapeno peppers, with 345 cases in 27 states. Chipotle says it removed the peppers and replaced them; CDC advised checking inventory.

According to Bloomberg, the US Pentagon signed its first contract with AeroVironment to supply Locust anti-drone laser systems worth $400 million. The Pentagon is seeking cost-effective ways to counter unmanned aerial vehicles. Despite a friendly-fire incident during testing on the Mexican border, it plans to buy dozens of systems.