CBL · Cbl & Associates Properties Inc
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Price & Indicators
Latest documents
CBL Properties reported third-quarter same-center NOI growth of 3.8%, occupancy of 91.5%, and raised 2026 adjusted FFO guidance to $7.34 - $7.44 per share. The board also authorized a $25.0 million stock repurchase program.
On November 4, 2026, CBL & Associates Properties, Inc.’s Board authorized a new common stock repurchase program of up to $25.0 million, replacing the program authorized on November 5, 2025, with purchases permitted through December 31, 2027.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| % Change in Average Gross Rent Per Square Foot - All Property Types | 7.5% | Six Months Ended June 30, 2026 | — |
| % Change Initial - All Property Types (Leasing) | 3.7% | Six Months Ended June 30, 2026 | — |
| All Other Properties occupancy | 94.5% | As of June 30, 2026 | — |
| Average Annual Base Rents Per Square Foot - Same-center Malls, Lifestyle & Outlet Centers | $32.24 | As of June 30, 2026 | — |
| Company's share of Adjusted EBITDAre non-GAAP | $196.02M | Six Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP EBITDAre 105.35M
+0K Loss on extinguishment of debt
+0K Abandoned projects expense
-1.78M Adjustment for unconsolidated affiliates with negative investment
+131K Net loss attributable to noncontrolling interests in other consolidated subsidiaries
-322K Noncontrolling interests' share of depreciation and amortization in other consolidated subsidiaries
-691K Noncontrolling interests' share of interest expense in other consolidated subsidiaries
= Company's share of Adjusted EBITDAre 102.68M
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| EBITDAre non-GAAP | $202.58M | Six Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income 46.32M
+36.28M Depreciation and amortization
+3.11M Depreciation and amortization from unconsolidated affiliates
+42.72M Interest expense
+6.21M Interest expense from unconsolidated affiliates
+642K Income taxes
-24.01M Gain on depreciable property
-5.93M Gain on deconsolidation
= EBITDAre 105.35M
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| FFO per diluted share non-GAAP | $4.71 | Six Months Ended June 30, 2026 | — |
| FFO, as adjusted non-GAAP | $3.62 | Six Months Ended June 30, 2026 | — |
| FFO, as adjusted, per diluted share non-GAAP | $3.62 | Six Months Ended June 30, 2026 | — |
| Friendly Center and The Shops at Friendly Sales Per Square Foot for the Trailing Twelve Months E | $668 | Trailing Twelve Months Ended June 30, 2026 | — |
| In-Line Occupancy - Total Consolidated Encumbered Assets | 90.7% | Trailing Twelve Months Ended June 30, 2026 | — |
| In-Line Occupancy - Total Joint Venture Assets | 94.5% | Trailing Twelve Months Ended June 30, 2026 | — |
| In-Line Occupancy - Total Portfolio | 90.4% | Trailing Twelve Months Ended June 30, 2026 | — |
| In-Line Occupancy - Total Same-Center Portfolio | 90.3% | Trailing Twelve Months Ended June 30, 2026 | — |
| Malls, lifestyle centers and outlet centers same-center sales per square foot | $455 | Trailing Twelve Months Ended June 30, 2026 | — |
| New Average Gross Rent PSF - All Property Types (Leasing) | $44.22 | Six Months Ended June 30, 2026 | — |
| New Initial Gross Rent PSF - All Property Types (Leasing) | $42.64 | Six Months Ended June 30, 2026 | — |
| Open-air centers occupancy | 95% | As of June 30, 2026 | — |
| Operating Partnership's share of property NOI non-GAAP | $114.4M | Three Months Ended June 30, 2026 filing | — |
| Prior Gross Rent PSF - All Property Types (Leasing) | $41.12 | Six Months Ended June 30, 2026 | — |
| Pro rata share debt balance of cash trapped properties | $710.08M | As of June 30, 2026 | — |
| Pro rata share of same-center NOI non-GAAP | $191.78M | Six months ended June 30, 2026 | — |
| Ratio of Adjusted EBITDAre to Interest Expense non-GAAP | 2.4 | Six Months Ended June 30, 2026 | — |
| Sales Per Square Foot for the Trailing Twelve Months Ended - Total Portfolio | $455 | Trailing Twelve Months Ended June 30, 2026 | — |
| Sales Per Square Foot for the Trailing Twelve Months Ended - Total Same-Center Portfolio | $457 | Trailing Twelve Months Ended June 30, 2026 | — |
| Same-center NOI from cash trapped properties non-GAAP | $34.48M | Six months ended June 30, 2026 | — |
| Same-center NOI percentage change non-GAAP | 2.2% | Six Months Ended June 30, 2026 | — |
| Square Feet - All Property Types (New and Renewal Leasing) | 956,736 | Six Months Ended June 30, 2026 | — |
| Total Joint Venture Assets Sales Per Square Foot for the Trailing Twelve Months Ended | $498 | Trailing Twelve Months Ended June 30, 2026 | — |
| Total lifestyle centers occupancy | 92.7% | As of June 30, 2026 | — |
| Total Malls (Consolidated Unencumbered) In-Line Occupancy | 80.6% | June 30, 2026 | — |
| Total Malls (Consolidated Unencumbered) Sales Per Square Foot for the Trailing Twelve Months End | $343 | Trailing Twelve Months Ended June 30, 2026 | — |
| Total malls occupancy | 88.3% | As of June 30, 2026 | — |
| Total Open-Air Centers (Joint Venture) In-Line Occupancy | 97.4% | June 30, 2026 | — |
| Total Outlet Centers (Joint Venture) In-Line Occupancy | 94.5% | June 30, 2026 | — |
| Total Outlet Centers (Joint Venture) Sales Per Square Foot for the Trailing Twelve Months Ended | $490 | Trailing Twelve Months Ended June 30, 2026 | — |
| Total outlet centers occupancy | 91.5% | As of June 30, 2026 | — |
| Total portfolio occupancy | 90.4% | As of June 30, 2026 | — |
| Total same-center malls, lifestyle centers and outlet centers occupancy | 88.9% | As of June 30, 2026 | — |
| Total same-center NOI non-GAAP | $97.65M | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Retail — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
CBL
this stock
Cbl & Associates Properties Inc
|
$1.63B | +42.0% | +12.2% | 10.7 | 3.2% |
|
SPG
Simon Property Group Inc.
|
$75.61B | +26.7% | +6.7% | 16.9 | 3.1% |
|
O
Realty Income Corp
|
$56.62B | +5.6% | +9.1% | 41.1 | 4.4% |
|
KIM
Kimco Realty Corp
|
$17.23B | +26.7% | +5.1% | 24.0 | 5.1% |
|
UNBLF
Unibail-Rodamco SE
|
$14.47B | -8.2% | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| CBL | +6.5% | +9.3% | +10.1% | +4.2% | +42.0% |
| SPY | -0.6% | -3.6% | +1.2% | -0.8% | +10.0% |
| vs SPY | +7.1% | +12.9% | +8.9% | +5.0% | +32.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.