CBL & Associates Properties, Inc. logo

CBL & Associates Properties, Inc.

CBL

NYSEReal EstateREIT - Retail

Previous close

$55.34

−$1.83 · -3.20%

Aug 21, 4:00 PM ET

Pre-market

$55.34

$0.00 · 0.00%

Aug 24, 6:09 AM ET

CBL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

60

Fair Value

Momentum

63

Gaining

Sentiment

48

Mixed

Risk resilience

66

Moderate Risk

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Company profile

Company website

CBL & Associates Properties, Inc. owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 88 properties totaling 55.6 million square feet across 23 states, including 56 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. CBL & Associates Properties, Inc. is headquartered in Chattanooga, TN. CBL & Associates Properties, Inc. was incorporated in 1978 in Delaware, USA.

Industry
REIT - Retail
Sector
Real Estate
Headquarters
US
CEO
Stephen D. Lebovitz
Listed since
Nov 1, 2021
Employees
454

Market position

Day range

Current $55.34

52-week range

Current $55.34

Open
$57.31
Previous close
$57.17
Volume
168.18K
0.63× average
Average volume
265.91K
Average daily volume
Market cap
1.71B USD
Beta
1.43
Market reference 1
50-day average
$54.363
+1.80% above average
200-day average
$42.8949
+29.01% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
7.86×
P/B (TTM)
3.91×
P/S (TTM)
2.91×
Dividend yield
3.89%

Profitability & efficiency

Gross margin
24.91%
Operating margin
33.67%
Net margin
36.79%

Financial health

Debt / equity
4.76×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends39%-14%-68%-121%Gross margin, FY2021: -4.81%Gross margin, FY2022: -25.10%Gross margin, FY2023: -6.14%Gross margin, FY2024: 11.49%Gross margin, FY2025: 7.56%Operating margin, FY2021: 22.06%Operating margin, FY2022: 8.33%Operating margin, FY2023: 17.44%Operating margin, FY2024: 25.67%Operating margin, FY2025: 24.17%Net margin, FY2021: -107.85%Net margin, FY2022: -16.60%Net margin, FY2023: 1.22%Net margin, FY2024: 11.44%Net margin, FY2025: 23.51%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -4.81%. Gross margin FY2022 -25.10%. Gross margin FY2023 -6.14%. Gross margin FY2024 11.49%. Gross margin FY2025 7.56%. Operating margin FY2021 22.06%. Operating margin FY2022 8.33%. Operating margin FY2023 17.44%. Operating margin FY2024 25.67%. Operating margin FY2025 24.17%. Net margin FY2021 -107.85%. Net margin FY2022 -16.60%. Net margin FY2023 1.22%. Net margin FY2024 11.44%. Net margin FY2025 23.51%.

Income trends

Revenue

578.37M USD+12.18%

Operating income

139.77M USD+5.61%

Net income

135.97M USD+130.57%
Income trends across reported periods698.43M USD218.21M USD−262.01M USD−742.23M USDRevenue, FY2021: 576.88M USDRevenue, FY2022: 563.01M USDRevenue, FY2023: 535.29M USDRevenue, FY2024: 515.56M USDRevenue, FY2025: 578.37M USDOperating income, FY2021: 127.27M USDOperating income, FY2022: 46.92M USDOperating income, FY2023: 93.36M USDOperating income, FY2024: 132.34M USDOperating income, FY2025: 139.77M USDNet income, FY2021: −622.17M USDNet income, FY2022: −93.48M USDNet income, FY2023: 6.55M USDNet income, FY2024: 58.97M USDNet income, FY2025: 135.97M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 576.88M USD. Revenue FY2022 563.01M USD. Revenue FY2023 535.29M USD. Revenue FY2024 515.56M USD. Revenue FY2025 578.37M USD. Operating income FY2021 127.27M USD. Operating income FY2022 46.92M USD. Operating income FY2023 93.36M USD. Operating income FY2024 132.34M USD. Operating income FY2025 139.77M USD. Net income FY2021 −622.17M USD. Net income FY2022 −93.48M USD. Net income FY2023 6.55M USD. Net income FY2024 58.97M USD. Net income FY2025 135.97M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue578.37M USD515.56M USD535.29M USD563.01M USD576.88M USD
Cost of goods sold534.67M USD456.33M USD568.15M USD704.35M USD604.6M USD
Gross profit43.71M USD59.23M USD−32.86M USD−141.34M USD−27.73M USD
Operating expenses−96.06M USD−73.11M USD−126.22M USD−188.26M USD−155M USD
Interest income13.25M USD15.71M USD13.2M USD4.94M USD
Interest expense175.96M USD154.49M USD172.91M USD217.34M USD267.9M USD
Depreciation and amortization165.16M USD140.59M USD190.51M USD256.31M USD208.08M USD
Operating income139.77M USD132.34M USD93.36M USD46.92M USD127.27M USD
Net income135.97M USD58.97M USD6.55M USD−93.48M USD−622.17M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
83%
5 beats, 1 miss, 0 met estimates
Average EPS surprise
+404.40%
6 comparable reports
Latest EPS result
1.47

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.561.730.90.07Q4 '24No estimateQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26No estimateQ3 '26No estimate
Q4 2024, reported Nov 11, 2024: actual 0.52, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 14, 2025: actual 1.22, estimate 0.36, surprise +238.89%, Beat. Q2 2025, reported May 5, 2025: actual 0.27, estimate 0.16, surprise +68.75%, Beat. Q3 2025, reported Aug 6, 2025: actual 0.08, estimate 0.14, surprise -42.86%, Miss. Q4 2025, reported Nov 6, 2025: actual 2.38, estimate 0.14, surprise +1600.00%, Beat. Q1 2026, reported Feb 13, 2026: actual 1.56, estimate 0.34, surprise +358.82%, Beat. Q2 2026, reported May 8, 2026: actual 1.48, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 1.47, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates156.4M144.93M133.46M121.98MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 14, 2025: actual 131.69M USD, estimate 128M USD, surprise +2.88%, Beat. Q2 2025, reported May 5, 2025: actual 141.77M USD, estimate 134M USD, surprise +5.80%, Beat. Q3 2025, reported Aug 6, 2025: actual 140.91M USD, estimate 134M USD, surprise +5.15%, Beat. Q4 2025, reported Nov 6, 2025: actual 139.28M USD, estimate 134M USD, surprise +3.94%, Beat. Q1 2026, reported Feb 13, 2026: actual 150.39M USD, estimate 140M USD, surprise +7.42%, Beat. Q2 2026, reported May 8, 2026: actual 146M USD, estimate 145.97M USD, surprise +0.02%, Beat. Q3 2026, reported Aug 6, 2026: actual 142.01M USD, estimate 146.48M USD, surprise -3.05%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 146.59M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

23 ratings
Strong buy00%
Buy29%
Hold1252%
Sell939%
Strong sell00%

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