CBL & Associates Properties, Inc. (CBL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 145.97M | 156.42M | 139.28M | 140.91M | 141.77M | 131.69M | 125.09M | 129.66M | 129.12M | 139.71M | 129.35M | 129.87M | 136.36M | 149.61M | 136.28M | 101.92M | 140.1M | 156.75M | 150.38M | 136.56M |
| Revenue Growth % | 2.96% | 18.78% | 11.34% | 8.67% | 9.8% | -5.74% | -3.29% | -0.16% | -5.31% | -6.62% | -5.08% | 27.42% | -2.67% | -4.56% | -9.37% | -25.37% | 5.19% | 1.67% | 15.76% | 9.94% |
| Property Operating Expenses | 54.63M | 130.38M | 129.75M | 128.39M | 146.16M | 106.79M | 110.15M | 120.28M | 119.11M | 130.08M | 135.14M | 145.46M | 157.46M | 172.73M | 170.64M | 174.75M | 186.23M | 180.51M | 140.22M | 138.51M |
| Net Operating Income (NOI) | 91.34M | 26.05M | 9.53M | 12.52M | -4.39M | 24.9M | 14.94M | 9.39M | 10M | 9.63M | -5.79M | -15.6M | -21.11M | -23.12M | -34.36M | -72.83M | -46.13M | -23.76M | 10.16M | -1.95M |
| NOI Margin % | 62.57% | 16.65% | 6.84% | 8.88% | -3.1% | 18.91% | 11.94% | 7.24% | 7.75% | 6.89% | -4.47% | -12.01% | -15.48% | -15.45% | -25.21% | -71.46% | -32.93% | -15.16% | 6.76% | -1.43% |
| Operating Expenses | 18.59M | -24.67M | -22.07M | -24.48M | -24.83M | -14.87M | -16.91M | -23.71M | -17.63M | -28.07M | -30.72M | -33.59M | -33.84M | -45.77M | -46.42M | -45.19M | -50.28M | -50.28M | -32.87M | -36.23M |
| G&A Expenses | 18.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | 34.65M | 90.73M | 71.5M | 76.7M | 65.99M | 71.32M | 64.17M | 71.76M | 65.67M | 80.07M | 70.05M | 67.73M | 66.01M | 84.5M | 73.11M | 36.84M | 73.09M | 92.51M | 89.51M | 81.78M |
| EBITDA Margin % | 23.74% | 58% | 51.34% | 54.44% | 46.55% | 54.16% | 51.3% | 55.34% | 50.86% | 57.31% | 54.16% | 52.15% | 48.41% | 56.48% | 53.65% | 36.15% | 52.17% | 59.02% | 59.53% | 59.88% |
| Depreciation & Amortization | -38.1M | 40.01M | 39.9M | 39.7M | 45.54M | 31.56M | 32.33M | 38.66M | 38.04M | 42.38M | 45.12M | 49.74M | 53.27M | 61.84M | 61.05M | 64.48M | 68.94M | 65.99M | 46.48M | 47.5M |
| D&A / Revenue % | -26.1% | 25.58% | 28.65% | 28.18% | 32.12% | 23.97% | 25.84% | 29.82% | 29.46% | 30.33% | 34.88% | 38.3% | 39.07% | 41.33% | 44.8% | 63.26% | 49.21% | 42.1% | 30.91% | 34.78% |
| Operating Income | 72.75M | 50.72M | 31.6M | 37M | 20.45M | 39.76M | 31.85M | 33.1M | 27.63M | 37.7M | 24.93M | 17.99M | 12.74M | 22.66M | 12.06M | -27.64M | 4.15M | 26.52M | 43.03M | 34.28M |
| Operating Margin % | 49.84% | 32.42% | 22.69% | 26.26% | 14.42% | 30.19% | 25.46% | 25.52% | 21.4% | 26.98% | 19.28% | 13.85% | 9.34% | 15.14% | 8.85% | -27.12% | 2.96% | 16.92% | 28.62% | 25.1% |
| Interest Expense | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K |
| Interest Coverage | 1.82x | 2.15x | 2.68x | 1.06x | 1.18x | 2.04x | 1.42x | 1.13x | 0.99x | 1.29x | 1.36x | 0.49x | 1.01x | 1.15x | 0.60x | -0.44x | 0.53x | - | -1.32x | 0.62x |
| Non-Operating Income | 0 | -41.79M | -88.37M | -9.56M | -31.78M | -34.51M | -23.28M | -11.41M | -11.71M | -16.78M | -33.31M | -3.83M | -31.2M | -16.51M | -10.6M | -3.38M | -43.5M | 387.94M | 68.11M | 20.56M |
| Pretax Income | 45.4M | 49.45M | 75.11M | 2.53M | 7.92M | 37.75M | 16.12M | 4.94M | -632K | 11.99M | 14.14M | -22.44M | 413K | 5.25M | -14.99M | -79.38M | -42.42M | -563.45M | -44.12M | -8.57M |
| Pretax Margin % | 31.1% | 31.61% | 53.93% | 1.79% | 5.58% | 28.66% | 12.88% | 3.81% | -0.49% | 8.58% | 10.93% | -17.28% | 0.3% | 3.51% | -11% | -77.88% | -30.28% | -359.45% | -29.34% | -6.27% |
| Income Tax | 0 | 529K | 48K | 369K | -471K | 199K | 364K | 650K | -158K | -487K | 1.26M | 219K | -101K | 328K | 2.42M | -472K | 801K | -5.03M | -1.23M | 705K |
| Effective Tax Rate % | 0% | 1.07% | 0.06% | 14.6% | -5.95% | 0.53% | 2.26% | 13.16% | 25% | -4.06% | 8.93% | -0.98% | -24.46% | 6.24% | -16.16% | 0.59% | -1.89% | 0.89% | 2.8% | -8.23% |
| Net Income | 45.4M | 48.99M | 75.43M | 2.76M | 8.79M | 37.98M | 16.2M | 4.74M | 50K | 11.81M | 13.26M | -20.79M | 2.26M | 2.92M | -14.29M | -41.39M | -40.72M | -544.81M | -41.72M | -8.6M |
| Net Margin % | 31.1% | 31.32% | 54.16% | 1.96% | 6.2% | 28.84% | 12.95% | 3.66% | 0.04% | 8.46% | 10.25% | -16.01% | 1.66% | 1.95% | -10.49% | -40.61% | -29.07% | -347.55% | -27.74% | -6.29% |
| Net Income Growth % | 416.59% | 29% | 365.66% | -41.84% | 17478% | 221.49% | 22.14% | 122.82% | -97.79% | 304.28% | 192.78% | 49.77% | 105.55% | 100.54% | 65.74% | -381.54% | -52.16% | -559.95% | 28.42% | 87.72% |
| Funds From Operations (FFO) | 7.3M | 89M | 115.33M | 42.46M | 54.33M | 69.54M | 48.52M | 43.41M | 38.09M | 54.19M | 58.38M | 28.95M | 55.53M | 64.76M | 46.76M | 23.09M | 28.22M | -478.82M | 4.76M | 38.9M |
| FFO Margin % | 5% | 56.9% | 82.8% | 30.13% | 38.32% | 52.81% | 38.79% | 33.48% | 29.5% | 38.79% | 45.13% | 22.3% | 40.72% | 43.29% | 34.31% | 22.65% | 20.14% | -305.46% | 3.16% | 28.49% |
| FFO Growth % | -86.55% | 27.99% | 137.67% | -2.18% | 42.64% | 28.33% | -16.88% | 49.92% | -31.4% | -16.33% | 24.86% | 25.41% | 96.76% | 113.53% | 882.48% | -40.65% | 32.19% | -1519.55% | 198.98% | 324.57% |
| FFO per Share | 0.24 | 2.86 | 3.68 | 1.38 | 1.77 | 2.25 | 1.58 | 1.39 | 1.21 | 1.73 | 1.86 | 0.92 | 1.77 | 2.09 | 1.51 | 0.75 | 1.01 | -2.63 | 0.02 | 0.20 |
| FFO Payout Ratio % | 0% | 15.42% | 12.03% | 29.14% | 68.33% | 17.69% | 25.79% | 29.19% | 33.79% | 22.14% | 20.57% | 41.53% | 147.78% | 12.29% | 34.03% | 0% | 0% | 0% | 0% | 0% |
| EPS (Diluted) | 1.48 | 1.56 | 2.38 | 0.08 | 0.27 | 1.22 | 0.52 | 0.14 | -0.01 | 0.37 | 0.41 | -0.67 | 0.06 | 0.03 | -0.47 | -1.34 | -1.45 | -3.00 | -0.21 | -0.05 |
| EPS Growth % | 448.15% | 27.87% | 357.69% | -40.36% | - | 229.73% | 26.83% | 120.9% | -111% | 1133.33% | 187.23% | 50% | 104.14% | 101% | -123.81% | -2864.6% | -935.71% | -900% | 4.55% | 89.24% |
| EPS (Basic) | 1.50 | 1.60 | 2.44 | 0.08 | 0.27 | 1.23 | 0.52 | 0.14 | -0.01 | 0.37 | 0.41 | -0.67 | 0.06 | 0.03 | -0.47 | -1.34 | -1.45 | -3.00 | -0.21 | -0.05 |
| Diluted Shares Outstanding | 30.68M | 31.09M | 31.31M | 30.74M | 30.71M | 30.96M | 30.76M | 31.16M | 31.55M | 31.29M | 31.3M | 31.31M | 31.37M | 31M | 30.97M | 30.97M | 28M | 181.78M | 196.45M | 196.45M |