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Companies / Real Estate / CBL & Associates Properties, Inc.
CBL

CBL & Associates Properties, Inc.

Ticker CBLCHATTANOOGA, TNFiscal year ends DecemberBook value per share $13.87Diluted shares 30.8M

CBL & Associates Properties, Inc. (NYSE: CBL) is a self-managed, fully integrated real estate investment trust that owns, develops, acquires, leases, manages and operates retail and mixed-use properties across the United States, primarily in the Southeast and Midwest. Its portfolio includes regional malls, outlet… From the company’s description.

Over the twelve months to Jun 30, 2026, CBL & Associates Properties, Inc. reported revenue of $588.15M, up 9.0% from a year earlier, and net income of $216.69M. Its operating margin was 27.2%, and operations generated $282.92M in cash. In fiscal 2025, it reported revenue of $578.37M, up 12.2% from fiscal 2024, and net income of $134.53M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$578.37MFY2025
+12.2% year over year
Last 12 mo $588.15M
23.61%FY2025
−1.9 percentage points
Last 12 mo 27.20%
$134.53MFY2025
+135.5% year over year
Last 12 mo $216.69M
37.12%FY2025
+18.4 percentage points
Last 12 mo 51.26%
Cash & financing
$249.68MFY2025
+23.5% year over year
Last 12 mo $282.92M
$249.68MFY2025
+23.5% year over year
Last 12 mo $282.92M
5.79FY2025
Was 6.84× a year earlier
Last 12 mo 4.76
30.8MFY2025
−0.4% year over year
Last 12 mo 30.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CBL & Associates Properties, Inc. does

In the company’s own words

CBL & Associates Properties, Inc. (NYSE: CBL) is a self-managed, fully integrated real estate investment trust that owns, develops, acquires, leases, manages and operates retail and mixed-use properties across the United States, primarily in the Southeast and Midwest. Its portfolio includes regional malls, outlet centers, lifestyle centers, open-air centers, office buildings, outparcels and hotels. The company earns most of its revenue from retail tenant rents and reimbursements for property expenses, and also generates income from management, leasing and development fees, sponsorships and land and property sales. It conducts substantially all its business through CBL & Associates Limited Partnership, with property management and development activities carried out by CBL & Associates Management, Inc. Its tenants include retailers, restaurants, entertainment businesses and other commercial users. At December 31, 2025, its properties were located in 22 states, and the management company had 500 full- and part-time employees. Its website is cblproperties.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
CHATTANOOGA, TN
Fiscal year end
December
CIK
910612
SIC
6798

Financial performance, year by year

Fiscal 2011–2025 · USD
$-475.82M$-54.96M$365.91M$786.77M$1.21B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CBL & Associates Properties, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

194
funds hold it
0 of 35
superinvestors hold it
$263.56M
held by funds, at market
17.4%
of shares held by funds

Largest fund holders · CBL & Associates Properties, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
Global X SuperDividend U.S. ETF
DIV · GLOBAL X FUNDS
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do CBL & Associates Properties, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of CBL & Associates Properties, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in CBL & Associates Properties, Inc.'s last four quarterly filings that the numbers alone won't show?”
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