04:53 PM EDT, 10/10/2024 (MT Newswires) -- CBL & Associates Properties ( CBL ) repurchased 500,000 shares for $12.5 million in a privately negotiated block trade with a single investor.

The trade wasn't part of an existing repurchase program, CBL said Thursday in a statement.

The company said it completed the share buyback program of up to $25 million on Sept. 20 and repurchased a 1.07 million shares.