CBL & Associates Properties, Inc. (CBL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
Revenue Growth Metrics
Revenue Breakdown (FY 2024)
CBL's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
CBL Revenue Analysis (2014–2025)
As of March 1, 2026, CBL & Associates Properties, Inc. (CBL) generated trailing twelve-month (TTM) revenue of $578.4 million, reflecting strong growth of +18.8% year-over-year. The most recent quarter (Q4 2025) recorded $156.4 million in revenue, up 12.3% sequentially.
Looking at the longer-term picture, CBL's 5-year compound annual growth rate (CAGR) stands at +0.1%, indicating moderate growth over time. The company achieved its highest annual revenue of $1.06 billion in 2014.
Revenue diversification analysis shows CBL's business is primarily driven by Operating Expense Reimbursements (37%), Management Developmentand Leasing Fees (35%), and Product and Service, Other (14%).
When compared to Real Estate sector peers including SPG (+6.7% YoY), MAC (+10.4% YoY), and SKT (+9.6% YoY), CBL has outperformed the peer group in terms of revenue growth. Compare CBL vs SPG →
Peer Comparison
Compare CBL's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CBLCurrent | $578M | +18.8% | +0.1% | 24.2% | |
| SPG | $6.4B | +6.7% | +6.7% | 49.9% | |
| MAC | $1.0B | +10.4% | +5.2% | 67.8% | |
| SKT | $526M | +9.6% | +1.6% | 28.6% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $578.4M | +12.2% | $43.7M | 7.6% | $139.8M | 24.2% |
| 2024 | $515.6M | -3.7% | $340.4M | 66.0% | $132.3M | 25.7% |
| 2023 | $535.3M | -4.9% | $348.1M | 65.0% | $93.4M | 17.4% |
| 2022 | $563.0M | -2.4% | $371.3M | 65.9% | $46.9M | 8.3% |
| 2021 | $576.9M | +0.2% | $388.4M | 67.3% | $336.1M | 58.3% |
| 2020 | $575.9M | -25.1% | $388.0M | 67.4% | $118.6M | 20.6% |
| 2019 | $768.7M | -10.5% | $659.8M | 85.8% | $-132,460,000 | -17.2% |
| 2018 | $858.6M | -7.4% | $605.9M | 70.6% | $-98,256,000 | -11.4% |
| 2017 | $927.3M | -9.8% | $666.7M | 71.9% | $232.6M | 25.1% |
| 2016 | $1.03B | -2.5% | $746.8M | 72.6% | $370.4M | 36.0% |
See CBL's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CBL Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare CBL vs WELL
See how CBL stacks up against sector leader Welltower Inc..
Start ComparisonFrequently Asked Questions
Is CBL's revenue growth accelerating or slowing?
CBL revenue is accelerating at +18.8% year-over-year, exceeding the 5-year CAGR of +0.1%. TTM revenue reached $578M. Growth momentum has increased versus prior periods.
What is CBL's long-term revenue growth rate?
CBL & Associates Properties, Inc.'s 5-year revenue CAGR of +0.1% reflects the sustained expansion pattern. Current YoY growth of +18.8% is above this long-term average.
How is CBL's revenue distributed by segment?
CBL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.