Saturday 17 October 2026 Export CBL’s income statement to Excel — free account

CBL & Associates Properties, Inc.

CBL & Associates Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $578.4 million, up 12.2% from fiscal 2024. In the quarter to June 2026, revenue grew 3.96%, EPS grew 1,775.0% and free cash flow grew 40.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

49.47 0.63 +1.29%

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Market cap: $1.5B
P/E: 7.0×
Fwd P/E: 14.9×
Dividend yield: 4.35%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.13

Total sells 122.70

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	—	—	—	2	3	—	1	4	1

Insider Ownership 13.34%

Capital & Financial Ratios $m

Market Cap 1,510.00

Revenue 588.15

Net Income 216.69

Free Cash Flow 118.05

Net Debt (202.62)

Current Ratio 0.11

Debt/Equity 0.00

P/E ratio 7.03

Fwd P/E 14.90

P/S ratio 2.54

P/B ratio 3.54

Past 5Y EPS Growth —

This Y EPS Growth (25.35%)

Next Y EPS Growth —

Next Y revenue growth 1.32%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 90.35%

10-year low 10-year high

P/B against its own 10 years 88.18%

10-year low 10-year high

EV/Sales against its own 10 years 90.35%

10-year low 10-year high

EV/FCF against its own 10 years 86.58%

10-year low 10-year high

Dividends

Payout Ratio 0.31

Annual Dividend Rate 2.15

Annual Dividend Yield 4.35%

	total	individual payouts
2027	Powerpack
2026	2.50	0.45 0.18 0.63 0.63
2025	1.70	0.40 0.40 0.45 0.45
2024	2.00	0.40 0.40 0.40 0.40 0.40
2023	1.50	0.38 0.38 0.38 0.38
2022	0.75	0.25 0.25 0.25 2.20
2021	Powerpack
2020	Powerpack
2019	0.08	0.08
2018	0.75	0.20 0.20 0.20 0.08 0.08
2017	1.00	0.27 0.27 0.27 0.20
2016	1.06	0.27 0.27 0.27 0.27

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	123	154	153	203
Receivables	46	48	48	44
Inventory	—	—	—	—
Other	—	—	—	—
	169	202	201	246

	2023	2024	2025	Q'26
Payables	186	222	194	181
ST’ Debt	—	—	—	—
Other	—	—	—	—
	2,075	2,434	2,364	2,215

Compound Annual Growth %

	10y	5y	3y
Sales	—	0.09%	0.90%
Cash Flow	—	13.36%	6.24%
Earnings	—	0.00%	0.00%
Book Value	—	(7.35%)	(0.22%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	146	146	—	—	—
’25	142	141	139	156	578
’24	129	130	125	132	516
’23	136	130	129	140	535
’22	140	137	136	150	563
’21	133	137	150	157	577
’20	168	124	130	154	576

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	53	80	—	—	—
’25	32	68	70	80	250
’24	31	64	61	46	202
’23	33	51	50	49	184
’22	42	46	66	54	208
’21	63	68	72	(38)	164
’20	39	0	21	74	133

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	82	—	—	—
’25	84	58	(29)	68	181
’24	31	57	113	44	245
’23	31	41	43	36	150
’22	37	38	51	47	173
’21	58	64	79	(35)	166
’20	16	(11)	9	73	88

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.48	1.47	—	—	—
’25	0.27	0.08	2.38	1.56	4.34
’24	(0.01)	0.14	0.52	1.22	1.87
’23	0.06	(0.67)	0.41	0.37	0.17
’22	(1.45)	(1.34)	(0.47)	0.03	(3.20)
’21	(0.14)	(0.05)	(0.21)	(31.22)	(31.63)
’20	(0.78)	(0.38)	(0.23)	(0.38)	(1.76)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	26.25	21.66	19.90	20.97	21.10	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	43.50	34.91	27.38	32.20	38.67
People
People	Employees	—	—	650	594	474	460	472	469	477	500
	Revenue/emp, $m	0.00	0.00	1.32	1.29	1.21	1.25	1.19	1.14	1.08	1.16
Income, $m
Income, $m	Revenue	1,028	927	859	769	576	577	563	535	516	578
	Gross margin, %	72.63	71.90	70.58	69.99	67.37	67.33	65.95	65.04	66.03	64.67
	EBT	193	157	(101)	(129)	(319)	(644)	(96)	4	58	135
	EBT margin, %	18.82	16.94	(11.74)	(16.73)	(55.34)	(111.63)	(17.13)	0.77	11.28	23.34
	Net income	196	159	(99)	(132)	(336)	(639)	(100)	3	57	135
	Depreciation	296	302	292	264	223	388	395	236	167	209
Per share, $
Per share, $	Revenue	6.02	5.42	4.98	4.43	3.03	28.55	18.74	17.10	16.68	19.06
	Earnings	1.15	0.93	(0.58)	(0.76)	(1.76)	(31.63)	(3.20)	0.17	1.87	4.41
	Cash flow	2.74	2.52	2.19	1.58	0.70	8.12	6.93	5.86	6.54	8.23
	Capex	(0.34)	(0.42)	(0.30)	(0.02)	(0.24)	0.08	(1.17)	(1.06)	1.40	(2.27)
	Free cash flow	2.40	2.09	1.88	1.56	0.46	8.20	5.76	4.81	7.94	5.96
	Book value	0.00	7.23	5.98	4.97	2.81	19.85	12.22	10.56	10.12	12.02
	Shares, m	171	171	172	173	190	20	30	31	31	30
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	146.53	15.69	8.43
	P/S	10.26	10.26	10.26	10.26	10.26	1.09	1.23	1.46	1.76	1.94
	P/B	12.95	12.95	12.95	12.95	12.95	1.57	1.89	2.36	2.91	3.08
	EV/Sales	9.80	9.80	9.80	9.80	9.80	0.80	0.98	1.23	1.46	1.68
	EV/FCF	20.54	20.54	20.54	20.54	20.54	2.78	3.20	4.36	3.08	5.36
Cash, $m
Cash, $m	Operating cash flow	469	430	377	273	133	164	208	184	202	250
	Capex	(59)	(73)	(52)	(4)	(46)	2	(35)	(33)	43	(69)
	Free cash flow	410	358	325	270	88	166	173	150	245	181
Balance, $m
Balance, $m	Working capital	—	(4,327)	(4,143)	(3,635)	(1,178)	(2,193)	(2,014)	(1,906)	(2,233)	(2,163)
	Total debt	4,492	4,251	4,057	3,535	1,263	2,525	2,111	—	—	—
	Net debt	(19)	(33)	(25)	(33)	(62)	(170)	(142)	(123)	(154)	(153)
	Shareholders’ equity	—	1,236	1,032	862	534	401	367	331	313	365
Returns, %
Returns, %	ROA	2.17	2.67	(2.24)	(3.08)	(7.33)	(16.84)	(3.41)	0.21	2.24	4.89
	ROIC	0.00	15.78	16.03	11.63	13.56	(4.98)	13.04	28.81	51.62	40.32
	ROE	10.81	6.17	(10.88)	(16.23)	(47.63)	(133.03)	(25.00)	1.56	17.95	39.52

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CURB Curbline Properties Corp.	$3.1B	98.2×	183×	+52.88% (above 0%: growing)	−40.00% (below 0%: shrinking)	−167.77% (below 0%: shrinking)	87.51%	19.18%	Compare
AKR Acadia Realty Trust	$2.6B	54.7×	54.2×	−5.14% (below 0%: shrinking)	+400.00% (above 0%: growing)	+93.19% (above 0%: growing)	68.80%	23.76%	Compare
UE Urban Edge Properties	$2.6B	36.1×	42.4×	+7.62% (above 0%: growing)	−69.57% (below 0%: shrinking)	−84.13% (below 0%: shrinking)	70.52%	31.44%	Compare
FCPT Four Corners Property Trust, Inc.	$2.4B	19.8×	20.9×	+7.65% (above 0%: growing)	−3.57% (below 0%: shrinking)	+15.78% (above 0%: growing)	85.43%	55.08%	Compare
IVT InvenTrust Properties Corp.	$2.3B	151×	192×	+12.62% (above 0%: growing)	−98.39% (below 0%: shrinking)	−134.17% (below 0%: shrinking)	72.76%	15.29%	Compare
NTST NETSTREIT Corp.	$1.8B	120×	60.6×	+26.92% (above 0%: growing)	+50.00% (above 0%: growing)	−756.51% (below 0%: shrinking)	90.67%	32.17%	Compare
GTY Getty Realty Corporation	$1.8B	17.2×	22.6×	+10.88% (above 0%: growing)	+50.00% (above 0%: growing)	−85.46% (below 0%: shrinking)	96.01%	59.10%	Compare
CBL CBL & Associates Properties, Inc.	$1.5B	7.0×	14.9×	+3.96% (above 0%: growing)	+1,775.00% (above 0%: growing)	+40.87% (above 0%: growing)	65.39%	30.53%
ALX Alexander's, Inc.	$1.2B	7.1×	— (loss-making)	+6.05% (above 0%: growing)	+2,441.18% (above 0%: growing)	+520.77% (above 0%: growing)	51.12%	30.11%	Compare
Median of peers	$2.4B	45.4×	54.2×	+9.27%	+23.22%	−84.79%	79.10%	30.77%

All 26 Reit Retail stocks →

CBL & Associates Properties, Inc. (CBL) key facts

Strength: CBL & Associates Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $578.4 million, up 12.2% from fiscal 2024.
CBL & Associates Properties, Inc. (CBL) is a Reit Retail company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, CBL traded at $49.47, a market capitalization of $1.5 billion.
CBL & Associates Properties, Inc. pays an annual dividend of $2.15 per share, a yield of 4.35%, with a payout ratio of 31.2%.
Return on equity was 39.5% and debt-to-equity 0.00.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.