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CBLCBL & Associates Properties, Inc.
$52.90$1.6B
Overview & Verdict
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CBL logoCBL & Associates Properties, Inc.(CBL)Earnings, Financials & Key Ratios

CBL•NYSE•REIT / Real Estate
$55.28
12.7× P/E·Price updated Jul 2, 2026
SectorReal EstateIndustryRetail REITsSub-IndustryMalls and Outlet Centers
AboutHeadquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 106 properties totaling 65.7 million square feet across 25 states, including 64 high quality enclosed, outlet and open-air retail centers and 8 properties managed for third parties. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties.Show more
  • Revenue$578M+12.2%
  • FFO$301M+50.9%
  • FFO/Share9.76+51.5%
  • FFO Payout25.6%+1.5%
  • FFO per Share9.76+51.5%
  • NOI Margin7.56%-34.2%
  • FFO Margin52.06%+34.5%
  • ROE40.14%+119.0%
  • ROA4.97%+117.0%

CBL Price & Volume

CBL & Associates Properties, Inc. (CBL) stock price & volume — 10-year historical chart

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Erratic Operational Performance Masks Structural Asset Risks

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:High tenant bankruptcy exposure

Key Thesis Takeaways

  • CBL & Associates Properties faces significant uncertainty as its post-restructuring operational performance remains highly volatile, evidenced by FFO per share plummeting from $3.68 in 2025Q3 to $0.24 in 2026Q1.
  • While the company reports a 3.0% year-over-year revenue growth, the lack of transparent capital expenditure reporting and persistent NOI margin swings suggest that the underlying asset quality may be deteriorating.
  • Investors should exercise extreme caution given the historical reliance on debt and the potential for hidden maintenance liabilities to erode future liquidity.

Verdict Logic

the extreme volatility in FFO per share, which dropped 93.5% from $3.68 in 2025Q3 to $0.24 in 2026Q1, indicates a lack of operational stability that makes the current 4.7% dividend yield highly speculative.

CBL Growth Metrics

CBL & Associates Properties, Inc. (CBL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-5.83%
5 Years0.09%
3 Years0.9%
TTM10.29%

Profit CAGR

10 Years-2.04%
5 Years-
3 Years-
TTM154.89%

EPS CAGR

10 Years26.92%
5 Years-
3 Years-
TTM155.98%

Return on Capital

10 Years17.18%
5 Years4.1%
3 Years5.03%
Last Year5.52%

CBL Recent Earnings

CBL & Associates Properties, Inc. (CBL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (86%)●Beat Revenue 6/12 qtrs (75%)
Q2 2026Latest
May 8, 2026
Metric
Actual
Est
EPS
$1.48
—
Rev
$146M+0.0%
$146M
Q1 2026
Feb 13, 2026
Metric
Actual
Est
EPS
$1.56+358.8%
$0.34
Rev
$150M+7.4%
$140M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$2.38+1600.0%
$0.14
Rev
$139M+3.9%
$134M
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.08-42.9%
$0.14
Rev
$141M+5.2%
$134M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 8, 2026
$1.48
$146Mvs $146M+0.0%
Q1 2026Feb 13, 2026
$1.56vs $0.34+358.8%
$150Mvs $140M+7.4%
Q4 2025Nov 6, 2025
$2.38vs $0.14+1600.0%
$139Mvs $134M+3.9%
Q3 2025Aug 6, 2025
$0.08vs $0.14-42.9%
$141Mvs $134M+5.2%
Based on last 12 quarters of dataView full earnings history →

Latest CBL News

Recent stock market news and headlines for CBL & Associates Properties, Inc. (CBL)

Business Wire·5 days ago
CBL Properties Announces DICK'S House of Sport to Join CoolSprings Galleria in Nashville, Tennessee

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--Today CBL Properties (NYSE:CBL) announced that DICK'S House of Sport will join CoolSprings Galleria in Franklin, Tennessee, bringing one of the most sought-after dynamic experiential concepts to the greater Nashville market. JCPenney will close later this year, creating the opportunity for a major redevelopment that reinforces CoolSprings Galleria's position as a premier shopping, dining, entertainment, and mixed-use destination. “We are pleased to announce.

The Motley Fool·Jun 24, 2026
CBL Stock Doubled in a Year. So What Should Investors Make Of This Insider Sale?

A CBL insider sold 5,728 shares on June 18, 2026, generating proceeds of about $275,000 at a weighted average sale price of around $48.03 per share. This transaction represented 6.98% of the executive's direct common stock holdings, reducing direct ownership from 82,039 to 76,311 shares.

Business Wire·Jun 18, 2026
CBL Properties and Greystar Announce Upscale Multi-Family Development at CoolSprings Galleria in Nashville, Tennessee

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Today CBL Properties (NYSE:CBL) announced that it has closed on the sale of a 5.35-acre parcel of land in the northeast corner of CoolSprings Galleria in Franklin, Tennessee, an affluent Nashville suburb, to Greystar, a world-class developer, owner, and operator of rental housing. Located in Franklin, an affluent, growing suburb of Nashville, CoolSprings Galleria is one of CBL's premier properties, consistently attracting the most in-demand retail, dining, a.

Peers Comparison

Key metrics vs top competitors for CBL & Associates Properties, Inc. (CBL)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CBL logoCBLCBL & Associates Properties, Inc.Current
$55.28$1.71B12.7412.18%23.51%40.14%4.52%
MAC logoMACThe Macerich Company
$25.42$6.61B-33.0110.58%-18.18%-7.13%—
SKT logoSKTTanger Inc.
$39.23$4.51B39.2310.55%20.76%17.53%—
SPG logoSPGSimon Property Group, Inc.
$223.00$72.44B15.776.72%70.4%97.99%—
KIM logoKIMKimco Realty Corporation
$25.08$16.91B30.225.06%28.51%5.81%—
REG logoREGRegency Centers Corporation
$79.37$14.53B28.153.39%38.12%9.18%—

Compare CBL vs Peers

CBL & Associates Properties, Inc. (CBL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MAC

Most directly comparable listed peer for CBL.

Scale Benchmark

vs SPG

Larger-name benchmark to compare CBL against a more recognizable public peer.

Peer Set

Compare Top 5

vs MAC, SKT, SPG, KIM

CBL SEC Filings & Documents

CBL & Associates Properties, Inc. (CBL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 8, 2026·SEC

Material company update

Apr 2, 2026·SEC

Material company update

Mar 19, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 3, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 8, 2026·SEC

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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CBL Frequently Asked Questions

CBL & Associates Properties, Inc. (CBL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is CBL & Associates Properties, Inc.'s revenue?

CBL & Associates Properties, Inc. (CBL) reported $582.6M in revenue for fiscal year 2025. This represents a 25% decrease from $781.4M in 2004.

How fast is CBL & Associates Properties, Inc. growing?

CBL & Associates Properties, Inc. (CBL) grew revenue by 12.2% over the past year. This is steady growth.

Is CBL profitable?

Yes, CBL & Associates Properties, Inc. (CBL) is profitable, generating $172.6M in net income for fiscal year 2025 (23.5% net margin).

Dividend & Returns
Does CBL pay dividends?

Yes, CBL & Associates Properties, Inc. (CBL) pays a dividend with a yield of 4.52%. This makes it attractive for income-focused investors.

What is CBL's return on equity?

CBL & Associates Properties, Inc. (CBL) has a return on equity (ROE) of 40.1%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics
What is CBL & Associates Properties, Inc.'s FFO?

CBL & Associates Properties, Inc. (CBL) generated Funds From Operations (FFO) of $254.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is CBL a good dividend stock?

CBL & Associates Properties, Inc. (CBL) offers a 4.52% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in CBL back in 2004?

Total return calculator · dividends reinvested · 22+ years of data

See returns →