# CBL & Associates Properties Inc: overview

CBL · NYSE · CIK 910612 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/cbl.md) · [Financials](/companies/cbl/financials.md) · [Filings](/companies/cbl/filings.md) · [Insiders](/companies/cbl/insiders.md)

Latest reported revenue: [$4.0m](/filings/0001193125-26-339651.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-339651).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $k | [4,478](/filings/0001193125-25-272118.md) | [5,186 d](/filings/0001193125-26-087049.md) | [3,610](/filings/0001193125-26-214023.md) | [3,862](/filings/0001193125-26-339651.md) | [4,007](/filings/0001193125-25-272118.md) | [4,764 d](/filings/0001193125-26-087049.md) | [4,289](/filings/0001193125-26-214023.md) | [3,965](/filings/0001193125-26-339651.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [361.7%](/filings/0001193125-25-272118.md) | [732.3% d](/filings/0001193125-26-087049.md) | [243.5%](/filings/0001193125-26-214023.md) | [71.4%](/filings/0001193125-26-339651.md) | [1882.4%](/filings/0001193125-25-272118.md) | [1028.4% d](/filings/0001193125-26-087049.md) | [1083.9%](/filings/0001193125-26-214023.md) | [1171.3%](/filings/0001193125-26-339651.md) |
| Diluted EPS | $ per share | [0.52](/filings/0001193125-25-272118.md) | not reported | [0.27](/filings/0001193125-26-214023.md) | [0.08](/filings/0001193125-26-339651.md) | [2.38](/filings/0001193125-25-272118.md) | not reported | [1.48](/filings/0001193125-26-214023.md) | [1.47](/filings/0001193125-26-339651.md) |
| Free cash flow | $k | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2020 (2020-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [18.5](/filings/0000950170-23-005470.md) | [17.9](/filings/0000950170-25-030677.md) | [18.9](/filings/0001193125-26-087049.md) | [18.6](/filings/0001193125-26-087049.md) | [16.2](/filings/0001193125-26-087049.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(1591.5%)](/filings/0000950170-23-005470.md) | [(523.7%)](/filings/0000950170-25-030677.md) | [34.7%](/filings/0001193125-26-087049.md) | [317.5%](/filings/0001193125-26-087049.md) | [837.1%](/filings/0001193125-26-087049.md) |
| Diluted EPS | $ per share | [(1.75)](/filings/0000950170-23-005470.md) | [(3.20)](/filings/0000950170-25-030677.md) | [0.17](/filings/0001193125-26-087049.md) | [1.87](/filings/0001193125-26-087049.md) | [4.34](/filings/0001193125-26-087049.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/cbl/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2024-04-24 | [Oaktree Capital Group Holdings GP, LLC](/insiders/1403525.md) | 10% owner | Sale (S) | 7,131 | $21.75 | $155.1k | [Form 4](/filings/0001140361-24-022545.md) |
| 2022-04-19 | [Oaktree Capital Management GP, LLC](/insiders/1831013.md) | 10% owner | Sale (S) | 535,735 | $30.87 | $16.5m | [Form 4](/filings/0000950142-22-001467.md) |
| 2022-04-19 | [Oaktree Capital Management GP, LLC](/insiders/1831013.md) | 10% owner | Sale (S) | 50,000 | $32.40 | $1.6m | [Form 4](/filings/0000950142-22-001467.md) |
| 2022-04-12 | [Brookfield Asset Management Inc.](/insiders/1001085.md) | 10% owner | Sale (S) | 5,925 | $32.1338 | $190.4k | [Form 4](/filings/0000950142-22-001405.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [CANYON CAPITAL ADVISORS LLC](/funds/1074034.md) | 2026-06-30 | $393.7m | 7,416,294 |  | Reduced −1,050,000 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $108.8m | 2,050,037 |  | Added +262,415 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $47.3m | 890,529 |  | Added +99,077 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $41.8m | 787,562 |  | Added +113,229 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $34.7m | 654,178 |  | Added +13,924 |
| [Taconic Capital Advisors LP](/funds/1390113.md) | 2026-06-30 | $31.8m | 598,332 |  | Reduced −10,000 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $30.3m | 570,758 |  | Added +77,333 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $24.1m | 453,581 |  | Added +111,352 |
| [MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.](/funds/1705339.md) | 2026-06-30 | $22.4m | 421,998 |  | Added +16,166 |
| [ARROWSTREET CAPITAL, LIMITED PARTNERSHIP](/funds/1164508.md) | 2026-06-30 | $21.9m | 412,531 |  | Reduced −1,589 |

## Recent filings

[All 1,679 filings](/companies/cbl/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-08 | 22:00 ET | [SCHEDULE 13D/A](/filings/0001193125-26-418126.md) | Ownership report, active investor, amended | 0001193125-26-418126 |
| 2026-08-28 | 19:28 ET | [SCHEDULE 13D/A](/filings/0000904853-26-000005.md) | Ownership report, active investor, amended | 0000904853-26-000005 |
| 2026-08-07 | 15:49 ET | [10-Q](/filings/0001193125-26-339651.md) | Quarterly report, period 2026-06-30 | 0001193125-26-339651 |
| 2026-08-07 | 13:38 ET | [8-K](/filings/0001193125-26-339362.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-339362 |
| 2026-05-26 | 01:07 ET | [SCHEDULE 13D/A](/filings/0001193125-26-240025.md) | Ownership report, active investor, amended | 0001193125-26-240025 |
| 2026-05-26 | 18:09 ET | [8-K](/filings/0001193125-26-238623.md) | 5.07 Shareholder vote results | 0001193125-26-238623 |
| 2026-05-08 | 16:39 ET | [10-Q](/filings/0001193125-26-214023.md) | Quarterly report, period 2026-03-31 | 0001193125-26-214023 |
| 2026-05-08 | 12:44 ET | [8-K](/filings/0001193125-26-213437.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-213437 |
| 2026-04-22 | 20:12 ET | [DEF 14A](/filings/0001193125-26-170410.md) | Proxy statement, period 2026-05-21 | 0001193125-26-170410 |
| 2026-04-02 | 18:55 ET | [8-K](/filings/0001193125-26-139801.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 5.02 Departure or appointment of officers or directors; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-139801 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-087049.md), filed Mar 3, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/9ae05522-d50d-4dc9-a96b-db9f24ef5eea)

## About the filer

- CIK: 910612
- Tickers: CBL
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:28 ET. No prices; not investment advice.