CBL
Cbl & Associates Properties Inc
$53.53
+0.63 (+1.19%)
At close · Jul 7
Market Cap
$1.62B
Shares
30,944,758
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$578.37M
+12.2%
FY2025
Net Income
$135.97M
+130.6%
FY2025
Operating Margin
25.08%
+0.4pp
FY2017
Diluted EPS
$4.34
+132.1%
FY2025
Operating Cash Flow
$249.68M
+23.5%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $582.57M | $578.37M | $515.56M | $535.29M | $563.01M | $108.85M | $575.86M | $768.7M | $858.56M | $927.25M | $1.03B | $1.06B | $1.06B | $1.05B | $1B | $1.05B | $1.04B | $1.07B | $1.13B | |
| $563M | $558.99M | $493.88M | $513.96M | $542.25M | $103.25M | $554.06M | $736.88M | $829.11M | $909.6M | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $145.59M | $148.72M | $143.79M | $158.78M | $187.72M | |
| $66.92M | $69.04M | $67.25M | $64.07M | $67.22M | $9.18M | $53.43M | $64.18M | $61.51M | $58.47M | $63.33M | $62.12M | $50.27M | $48.87M | $51.25M | $44.75M | $43.38M | $41.01M | $45.24M | |
| — | $81.86M | $67.03M | $105.96M | $152.17M | $32.16M | $1.46M | $4.51M | $13.28M | $13.26M | $8.69M | $12.94M | $13.97M | $19.03M | $10.56M | $7.11M | $8.22M | — | — | |
| $157.71M | $165.16M | $140.59M | $190.51M | $256.31M | $49.5M | $215.03M | $257.75M | $285.4M | $299.09M | $292.69M | $299.07M | $291.27M | $278.91M | $255.46M | $270.83M | $279.94M | $304.01M | $330.33M | |
| $3.19M | $3.19M | $1.46M | $0 | $252K | $146.78M | $213.36M | $239.52M | $174.53M | $71.4M | $116.82M | $105.95M | $17.86M | $70.05M | $24.38M | $51.3M | $1.16M | $109.21M | $0 | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $654.25M | $691.38M | $642.97M | $789.9M | $756.51M | |
| $431.76M | $441.8M | $384.13M | $439.62M | $516.04M | $91M | $686.67M | $853.95M | $774.84M | $694.69M | — | — | — | — | — | — | — | — | — | |
| $183.74M | — | — | — | — | — | — | — | — | $232.56M | $253.63M | $277.58M | $375.14M | $330.77M | $369.92M | $358.58M | $400.85M | $283.06M | $375.67M | |
| — | — | — | — | — | — | — | — | — | 25.08% | 24.67% | 26.31% | 35.37% | 31.39% | 36.89% | 34.15% | 38.4% | 26.38% | 33.18% | |
| $474.63M | — | — | — | — | — | — | — | — | $531.65M | $546.32M | $576.65M | $666.42M | $609.68M | $625.38M | $629.41M | $680.79M | $587.06M | $705.99M | |
| $171.64M | $175.96M | $154.49M | $172.91M | $217.34M | $195.49M | $200.66M | $206.26M | $220.04M | $218.68M | $216.32M | $229.34M | $239.82M | $231.86M | $242.36M | $267.07M | $281.1M | $290.96M | $311.71M | |
| $21.71M | -$2.05M | -$74.31M | -$92.46M | -$146.49M | -$170.58M | -$224.72M | -$46.47M | -$182.95M | -$73.58M | — | — | — | — | — | — | — | — | — | |
| $56.64M | $53.28M | $22.93M | $11.87M | $19.8M | $797K | -$14.85M | $4.94M | $14.68M | $22.94M | $117.53M | $18.2M | $14.8M | $11.62M | $8.31M | $6.14M | -$188K | $5.49M | $2.83M | |
| — | $33.85M | — | $47.88M | $36.25M | $19.13M | — | $67.24M | — | -$6.2M | $7.53M | $16.56M | $87.89M | $2.4M | $45.07M | — | $888K | -$9.26M | — | |
| — | — | — | — | — | — | — | — | — | $157.05M | — | — | — | — | — | — | — | — | — | |
| -$284K | $475K | $1.06M | $894K | $3.08M | -$5.89M | $16.84M | $3.15M | -$1.55M | -$1.93M | -$2.06M | $2.94M | $4.5M | $1.31M | $1.4M | -$269K | -$6.42M | -$1.22M | $13.5M | |
| $173.67M | $135.97M | $58.97M | $6.55M | -$93.48M | -$151.55M | -$295.08M | -$108.78M | -$78.57M | $120.94M | $172.88M | $103.37M | $219.15M | $85.2M | $131.6M | $133.94M | $62.15M | -$14.99M | $31.59M | |
| — | 23.51% | 11.44% | 1.22% | -16.6% | -139.23% | -51.24% | -14.15% | -9.15% | 13.04% | 16.81% | 9.8% | 20.66% | 8.09% | 13.12% | 12.76% | 5.95% | -1.4% | 2.79% | |
| — | — | — | — | -$6M | -$1.19M | -$20.68M | $739K | -$973K | $25.39M | — | — | — | — | — | — | — | — | — | |
| $171.07M | $133.88M | $57.76M | $5.43M | -$96.02M | -$151.55M | -$332.49M | -$153.67M | -$123.46M | $76.05M | $127.99M | $58.48M | $174.26M | $40.31M | $84.09M | $91.56M | $29.53M | -$36.81M | $9.77M | |
| $173.46M | $135.63M | $59.14M | $8.21M | -$94.53M | -$151.55M | -$295.07M | -$108.78M | -$78.57M | — | — | — | — | — | $135.16M | $129.51M | $69.52M | — | — | |
| USD/shares | — | $4.41 | $1.87 | $0.17 | -$3.20 | — | -$1.75 | — | -$0.72 | $0.44 | $0.75 | $0.34 | $1.02 | $0.24 | $0.54 | $0.62 | $0.21 | -$0.35 | $0.15 |
| USD/shares | — | $4.34 | $1.87 | $0.17 | -$3.20 | — | -$1.75 | — | — | $0.44 | $0.75 | $0.34 | $1.02 | $0.24 | $0.54 | $0.62 | $0.21 | -$0.35 | $0.15 |
| shares | — | 30.34M | 30.91M | 31.3M | 30.05M | 20.21K | 190.28K | 173.45K | 172.49K | 171.07K | — | — | — | — | 154.76M | 148.29M | 138.38M | 106.37M | 66.31K |
| shares | — | 30.84M | 30.96M | 31.3M | 30.05M | 20.21K | 190.28K | 173.45K | 172.49K | 171.07K | — | — | — | — | 154.81M | 148.33M | 138.42M | 106.37M | 66.42K |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $55.63M in buybacks, $1.16B in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
EV/EBIT
—
P/E (TTM)
9.46×
REIT - Retail median 23.74×
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|
| Malls | $478,422,000 | $446,043,000 | $468,138,000 | $495,736,000 | $520,643,000 | $699,698,000 | $783,194,000 | $847,979,000 |
| Open-Air Centers | $65,194,000 | $69,924,000 | $68,507,000 | $66,821,000 | — | — | — | — |
| Lifestyle Centers | $50,920,000 | $49,925,000 | $50,634,000 | $54,493,000 | — | — | — | — |
| Outlet Centers | $35,427,000 | $34,688,000 | $32,504,000 | $30,356,000 | — | — | — | — |
| All Other | $31,903,000 | $36,516,000 | $35,255,000 | $36,130,000 | $55,218,000 | $68,998,000 | $75,363,000 | $79,273,000 |
By Product & Service (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|
| Operating Expense Reimbursements | $7,736,000 | $7,964,000 | $7,395,000 | $7,873,000 | $9,025,000 | $9,783,000 | $8,434,000 |
| Management Development and Leasing Fees | $5,114,000 | $7,609,000 | $7,917,000 | $7,158,000 | $6,800,000 | $9,350,000 | $10,542,000 |
| Marketing | $3,393,000 | $3,000,000 | $3,567,000 | $2,819,000 | $2,716,000 | $6,059,000 | $6,286,000 |
| Product And Service Other | $3,145,000 | $3,112,000 | $2,450,000 | $2,914,000 | $3,256,000 | $6,626,000 | $4,182,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Malls | $303,960,000 | $286,420,000 | $298,254,000 | $322,914,000 |
| Open-Air Centers | $52,094,000 | $57,525,000 | $54,576,000 | $52,106,000 |
| Lifestyle Centers | $36,480,000 | $35,270,000 | $36,620,000 | $39,409,000 |
| All Other | $36,333,000 | $43,139,000 | $38,851,000 | $31,205,000 |
| Outlet Centers | $21,971,000 | $22,005,000 | $20,390,000 | $18,328,000 |
Operating Margin by Segment (%)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Malls | 63.5% | 64.2% | 63.7% | 65.1% |
| Open-Air Centers | 79.9% | 82.3% | 79.7% | 78% |
| Lifestyle Centers | 71.6% | 70.6% | 72.3% | 72.3% |
| Outlet Centers | 62% | 63.4% | 62.7% | 60.4% |
| All Other | 113.9% | 118.1% | 110.2% | 86.4% |