8-K Announcements
6Apr 2, 2026·SEC
Mar 19, 2026·SEC
Feb 17, 2026·SEC
CBL & Associates Properties, Inc. (CBL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CBL & Associates Properties, Inc. (CBL) stock price & volume — 10-year historical chart
CBL & Associates Properties, Inc. (CBL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
CBL & Associates Properties, Inc. (CBL) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 13, 2026 | $1.56vs $0.34+358.8% | $150Mvs $140M+7.4% |
| Q4 2025 | Nov 6, 2025 | $2.38vs $0.14+1600.0% | $139Mvs $134M+3.9% |
| Q3 2025 | Aug 6, 2025 | $0.08vs $0.14-42.9% | $141Mvs $134M+5.2% |
| Q2 2025 | May 5, 2025 | $0.27vs $0.16+68.8% | $142Mvs $134M+5.8% |
CBL & Associates Properties, Inc. (CBL) competitors in Malls and Outlet Centers — business model, growth, and fundamentals comparison
CBL & Associates Properties, Inc. (CBL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CBL & Associates Properties, Inc. (CBL) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 927.25M | 858.56M | 768.7M | 575.86M | 576.88M | 563.01M | 535.29M | 515.56M | 578.37M |
| Revenue Growth % | -9.82% | -7.41% | -10.47% | -25.09% | 0.18% | -2.4% | -4.92% | -3.68% | 12.18% |
| Property Operating Expenses | 858.73M | 823.41M | 746.14M | 617.94M | 604.6M | 704.35M | 568.15M | 456.33M | 534.66M |
| Net Operating Income (NOI) | 68.52M▲ 0% | 35.14M▼ 48.7% | 22.55M▼ 35.8% | -42.08M▼ 286.6% | -27.73M▲ 34.1% | -141.34M▼ 409.8% | -32.86M▲ 76.7% | 59.23M▲ 280.2% | 43.71M▼ 26.2% |
| NOI Margin % | 7.39% | 4.09% | 2.93% | -7.31% | -4.81% | -25.1% | -6.14% | 11.49% | 7.56% |
| Operating Expenses | -240.62M | -223.11M | -193.56M | -137.72M | -155M | -188.26M | -126.22M | -73.11M | -96.06M |
| G&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | 608.23M | 543.65M | 473.86M | 310.67M | 335.35M | 303.23M | 283.86M | 272.93M | 304.92M |
| EBITDA Margin % | 65.6% | 63.32% | 61.65% | 53.95% | 58.13% | 53.86% | 53.03% | 52.94% | 52.72% |
| Depreciation & Amortization | 299.09M | 285.4M | 257.75M | 215.03M | 208.08M | 256.31M | 190.5M | 140.59M | 165.16M |
| D&A / Revenue % | 32.26% | 33.24% | 33.53% | 37.34% | 36.07% | 45.52% | 35.59% | 27.27% | 28.56% |
| Operating Income | 309.14M▲ 0% | 258.25M▼ 16.5% | 216.12M▼ 16.3% | 95.64M▼ 55.7% | 127.27M▲ 33.1% | 46.92M▼ 63.1% | 93.36M▲ 99.0% | 132.34M▲ 41.8% | 139.77M▲ 5.6% |
| Operating Margin % | 33.34% | 30.08% | 28.11% | 16.61% | 22.06% | 8.33% | 17.44% | 25.67% | 24.17% |
| Interest Expense | 0 | 0 | 206.26M | 200.66M | 0 | 217.34M | 172.91M | 154.49M | 175.96M |
| Interest Coverage | - | - | 0.36x | -0.74x | - | 0.56x | 1.03x | 1.38x | 1.77x |
| Non-Operating Income | -71.77M | 138.99M | 140.84M | 243.43M | 503.32M | -73.98M | -84.06M | -80.92M | -171.5M |
| Pretax Income | 162.23M▲ 0% | -100.78M▼ 162.1% | -128.48M▼ 27.5% | -346.81M▼ 169.9% | -643.95M▼ 85.7% | -96.44M▲ 85.0% | 4.1M▲ 104.2% | 58.17M▲ 1319.5% | 135M▲ 132.1% |
| Pretax Margin % | 17.5% | -11.74% | -16.71% | -60.22% | -111.63% | -17.13% | 0.77% | 11.28% | 23.34% |
| Income Tax | -1.93M | -1.55M | 3.15M | 16.84M | -4.81M | 3.08M | 894K | 1.05M | 475K |
| Effective Tax Rate % | -1.19% | 1.54% | -2.45% | -4.85% | 0.75% | -3.19% | 21.82% | 1.81% | 0.35% |
| Net Income | 126.12M▲ 0% | -78.57M▼ 162.3% | -108.69M▼ 38.3% | -404.09M▼ 271.8% | -622.17M▼ 54.0% | -93.48M▲ 85.0% | 6.55M▲ 107.0% | 58.97M▲ 800.9% | 135.97M▲ 130.6% |
| Net Margin % | 13.6% | -9.15% | -14.14% | -70.17% | -107.85% | -16.6% | 1.22% | 11.44% | 23.51% |
| Net Income Growth % | -26.86% | -162.3% | -38.33% | -271.79% | -53.97% | 84.97% | 107% | 800.86% | 130.57% |
| Funds From Operations (FFO) | 425.21M▲ 0% | 206.83M▼ 51.4% | 149.06M▼ 27.9% | -189.06M▼ 226.8% | -414.09M▼ 119.0% | 162.83M▲ 139.3% | 197.05M▲ 21.0% | 199.56M▲ 1.3% | 301.12M▲ 50.9% |
| FFO Margin % | 45.86% | 24.09% | 19.39% | -32.83% | -71.78% | 28.92% | 36.81% | 38.71% | 52.06% |
| FFO Growth % | -8.58% | -51.36% | -27.93% | -226.83% | -119.03% | 139.32% | 21.02% | 1.27% | 50.89% |
| FFO per Share | 2.49 | 1.20 | 0.86 | -0.99 | -2.48 | 5.42 | 6.29 | 6.45 | 9.76 |
| FFO Payout Ratio % | 53.19% | 88.33% | 17.42% | 0% | 0% | 14.66% | 59.93% | 25.23% | 25.6% |
| EPS (Diluted) | 0.52▲ 0% | -0.83▼ 259.6% | -0.78▲ 6.0% | -1.76▼ 125.6% | -29.95▼ 1601.7% | -3.20▲ 89.3% | 0.17▲ 105.3% | 1.87▲ 1000.0% | 4.34▲ 132.1% |
| EPS Growth % | -40.91% | -259.62% | 6.02% | -125.64% | -1601.7% | 89.32% | 105.31% | 1000% | 132.09% |
| EPS (Basic) | 0.52 | -0.83 | -0.78 | -1.76 | -29.95 | -3.20 | 0.17 | 1.87 | 4.41 |
| Diluted Shares Outstanding | 171.07M | 172.49M | 173.44M | 190.28M | 167.11M | 30.05M | 31.3M | 30.96M | 30.84M |
CBL & Associates Properties, Inc. (CBL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 667.72M | 664.09M | 4.62B | 4.44B | 2.95B | 2.68B | 2.41B | 2.75B | 2.73B |
| Asset Growth % | -11.83% | -0.54% | 596.04% | -3.86% | -33.7% | -9.09% | -10.17% | 14.19% | -0.66% |
| Real Estate & Other Assets | -5.58B | -5.2B | 63.73M | 43.32M | 1.77B | 1.66B | 1.58B | 1.82B | 1.88B |
| PP&E (Net) | 5.16B | 4.75B | 4.07B | 3.62B | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 162.82M | 145.6M | 147.13M | 232.57M | 583.82M | 650.13M | 431.41M | 500.9M | 494.09M |
| Cash & Equivalents | 32.63M | 25.14M | 32.82M | 61.78M | 169.55M | 44.72M | 34.19M | 40.79M | 42.29M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 46.64M | 42.67M | 39.06M | 67.14M | 0 | 97.23M | 88.89M | 169.01M | 110.67M |
| Intangible Assets | 66.79M | 48.66M | 38.34M | 34.42M | 489.39M | 286.83M | 315.93M | 347.41M | 272.89M |
| Total Liabilities | 1.71M | 1.73M | 3.76B | 3.91B | 2.54B | 2.31B | 2.08B | 2.43B | 2.36B |
| Total Debt | 53.33M | 81.47M | 3.53B | 3.74B | 2.36B | 2.11B | 1.97B | 2.21B | 2.17B |
| Net Debt | 20.7M | 56.33M | 3.5B | 3.68B | 2.19B | 2.07B | 1.94B | 2.17B | 2.13B |
| Long-Term Debt | 0 | 0 | 3.53B | 3.74B | 2.21B | 2B | 1.89B | 2.21B | 2.17B |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 3.84M | 3.33M | 151.87M | 110.62M | 80.41M | 0 | 0 |
| Total Current Liabilities | 228.65M | 261.93M | 227.47M | 170.06M | 184.4M | 200.31M | 186.49M | 221.65M | 193.64M |
| Accounts Payable | 166.79M | 187.51M | 218.97M | 164.01M | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | -7.96B | -7.61B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -80.41M | 0 | 0 |
| Total Equity | 9.92B▲ 0% | 9.37B▼ 5.6% | 864.02M▼ 90.8% | 534.03M▼ 38.2% | 401.1M▼ 24.9% | 367.13M▼ 8.5% | 330.62M▼ 9.9% | 312.86M▼ 5.4% | 364.67M▲ 16.6% |
| Equity Growth % | -6.19% | -5.55% | -90.78% | -38.19% | -24.89% | -8.47% | -9.95% | -5.37% | 16.56% |
| Shareholders Equity | 5.7B | 5.34B | 806.31M | 531.84M | 396.2M | 370.54M | 339.32M | 323.55M | 374.94M |
| Minority Interest | 4.22B | 4.03B | 57.71M | 2.19M | 4.9M | -3.41M | -8.7M | -10.68M | -10.26M |
| Common Stock | 1.71M | 1.73M | 1.74M | 1.97M | 21K | 32K | 32K | 31K | 30K |
| Additional Paid-in Capital | 1.97B | 1.97B | 1.97B | 1.99B | 547.73M | 710.5M | 719.13M | 694.57M | 687.42M |
| Retained Earnings | 1.14B | 964.14M | 0 | 0 | -151.54M | -338.93M | -380.45M | -371.83M | -312.96M |
| Preferred Stock | 0 | 0 | 25K | 25K | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 17.7% | -11.8% | -4.11% | -8.91% | -16.84% | -3.32% | 0.26% | 2.29% | 4.97% |
| Return on Equity (ROE) | 1.23% | -0.81% | -2.12% | -57.81% | -133.07% | -24.34% | 1.88% | 18.33% | 40.14% |
| Debt / Assets | 7.99% | 12.27% | 76.39% | 84.16% | 80.13% | 78.81% | 81.85% | 80.54% | 79.54% |
| Debt / Equity | 0.01x | 0.01x | 4.09x | 7.00x | 5.89x | 5.75x | 5.96x | 7.07x | 5.95x |
| Net Debt / EBITDA | 0.03x | 0.10x | 7.38x | 11.84x | 6.53x | 6.81x | 6.82x | 7.96x | 6.98x |
| Book Value per Share | 58.01 | 54.34 | 4.98 | 2.81 | 2.40 | 12.22 | 10.56 | 10.10 | 11.82 |
CBL & Associates Properties, Inc. (CBL) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 377.19M | 234.99M | 273.41M | -69.37M | 38.77M | 208.23M | 183.52M | 202.22M | 71.79M |
| Operating CF Growth % | -15.75% | -37.7% | 16.35% | -125.37% | 155.9% | 437.05% | -11.87% | 10.19% | -64.5% |
| Operating CF / Revenue % | 40.68% | 27.37% | 35.57% | -12.05% | 6.72% | 36.99% | 34.28% | 39.22% | 12.41% |
| Net Income | 126.12M | -78.57M | -131.72M | -404.09M | -622.17M | -99.52M | 3.2M | 57.12M | 49.54M |
| Depreciation & Amortization | 299.09M | 285.4M | 255.94M | 215.03M | 208.08M | 277.11M | 211.93M | 156.26M | 41.42M |
| Stock-Based Compensation | 5.79M | 5.39M | 4.78M | 0 | 0 | 11.88M | 12.98M | 14.93M | 0 |
| Other Non-Cash Items | 548.36M | 571.23M | 112.4M | 169.41M | 381.05M | 68.63M | -24.02M | -28.53M | -18.76M |
| Working Capital Changes | -2.43M | 14.54M | 29.34M | -49.72M | 71.82M | -51.01M | -19.3M | 4.1M | -413K |
| Cash from Investing | -94.4M | -52.4M | 24.59M | -290.33M | 87.33M | -156.69M | 1.7M | 65.01M | 17.24M |
| Acquisitions (Net) | -393K | 7.34M | -5.79M | 692K | 298K | -3.27M | -10.93M | -9.49M | 0 |
| Purchase of Investments | -306.39M | -145.55M | -5.79M | -299.66M | -1.27B | -741.04M | -312.78M | -360.82M | 0 |
| Sale of Investments | 229M | 89.47M | 18.56M | 8.91M | 1.36B | 600.7M | 355.54M | 379.61M | 0 |
| Other Investing | -75.81M | 3.19M | 11.81M | 988K | 1.06M | -13.07M | -30.13M | 55.71M | 17.24M |
| Cash from Financing | -351.09M | -367.77M | -296.45M | 209M | -158.41M | -145.8M | -204.09M | -236.5M | -91.23M |
| Dividends Paid | -226.17M | -182.71M | -59.63M | 0 | 0 | -23.87M | -118.09M | -50.36M | -77.09M |
| Common Dividends | -226.17M | -182.71M | -25.96M | 0 | 0 | -23.87M | -118.09M | -50.36M | -77.09M |
| Debt Issuance (Net) | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Share Repurchases | -390K | -289K | 0 | 0 | 0 | 0 | -1.11M | -36.46M | -18.06M |
| Other Financing | -68.1M | -34.96M | -29.88M | -999K | -365K | -22.75M | -5.89M | -3.43M | 40.21M |
| Net Change in Cash | 13.68M▲ 0% | -7.49M▼ 154.8% | 1.55M▲ 120.6% | 28.96M▲ 1773.5% | 107.77M▲ 272.1% | -94.25M▼ 187.5% | -18.87M▲ 80.0% | 30.73M▲ 262.8% | -2.2M▼ 107.2% |
| Exchange Rate Effect | 1.29B | 672.88M | 0 | 179.66M | 140.08M | 0 | 0 | 0 | 0 |
| Cash at Beginning | 18.95M | 32.63M | 57.51M | 32.82M | 61.78M | 236.2M | 141.95M | 123.08M | 31.81M |
| Cash at End | 32.63M | 25.14M | 59.06M | 61.78M | 169.55M | 141.95M | 123.08M | 153.8M | 29.61M |
| Free Cash Flow | 360.57M▲ 0% | 228.14M▼ 36.7% | 279.19M▲ 22.4% | -69.37M▼ 124.8% | 38.77M▲ 155.9% | 208.23M▲ 437.0% | 183.52M▼ 11.9% | 202.22M▲ 10.2% | 71.79M▼ 64.5% |
| FCF Growth % | -18.18% | -36.73% | 22.38% | -124.85% | 155.9% | 437.05% | -11.87% | 10.19% | -64.5% |
| FCF / Revenue % | 38.89% | 26.57% | 36.32% | -12.05% | 6.72% | 36.99% | 34.28% | 39.22% | 12.41% |
CBL & Associates Properties, Inc. (CBL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 2.72 | 2.49 | 1.2 | 0.86 | -0.99 | -2.48 | 5.42 | 6.29 | 6.45 | 9.76 |
| FFO Payout Ratio | 48.56% | 53.19% | 88.33% | 17.42% | 0% | 0% | 14.66% | 59.93% | 25.23% | 25.6% |
| NOI Margin | 15.7% | 7.39% | 4.09% | 2.93% | -7.31% | -4.81% | -25.1% | -6.14% | 11.49% | 7.56% |
| Net Debt / EBITDA | 0.07x | 0.03x | 0.10x | 7.38x | 11.84x | 6.53x | 6.81x | 6.82x | 7.96x | 6.98x |
| Debt / Assets | 8.57% | 7.99% | 12.27% | 76.39% | 84.16% | 80.13% | 78.81% | 81.85% | 80.54% | 79.54% |
| Interest Coverage | - | - | - | 0.36x | -0.74x | - | 0.56x | 1.03x | 1.38x | 1.77x |
| Book Value / Share | 61.92 | 58.01 | 54.34 | 4.98 | 2.81 | 2.4 | 12.22 | 10.56 | 10.1 | 11.82 |
| Revenue Growth | -2.54% | -9.82% | -7.41% | -10.47% | -25.09% | 0.18% | -2.4% | -4.92% | -3.68% | 12.18% |
CBL & Associates Properties, Inc. (CBL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 2, 2026·SEC
Mar 19, 2026·SEC
Feb 17, 2026·SEC
CBL & Associates Properties, Inc. (CBL) stock FAQ — growth, dividends, profitability & financials explained
CBL & Associates Properties, Inc. (CBL) reported $578.4M in revenue for fiscal year 2025. This represents a 26% decrease from $781.4M in 2004.
CBL & Associates Properties, Inc. (CBL) grew revenue by 12.2% over the past year. This is steady growth.
Yes, CBL & Associates Properties, Inc. (CBL) is profitable, generating $136.0M in net income for fiscal year 2025 (23.5% net margin).
Yes, CBL & Associates Properties, Inc. (CBL) pays a dividend with a yield of 5.71%. This makes it attractive for income-focused investors.
CBL & Associates Properties, Inc. (CBL) has a return on equity (ROE) of 40.1%. This is excellent, indicating efficient use of shareholder capital.
CBL & Associates Properties, Inc. (CBL) generated Funds From Operations (FFO) of $301.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.
CBL & Associates Properties, Inc. (CBL) offers a 5.71% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
CBL & Associates Properties, Inc. (CBL) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates