CBL
CBL & Associates Properties Inc
NYSE: CBL · REAL ESTATE · REIT - RETAIL
$44.97
-0.31% today
Updated 2026-04-29
Market cap
$1.39B
P/E ratio
10.36
P/S ratio
2.41x
EPS (TTM)
$4.34
Dividend yield
3.77%
52W range
$23 – $46
Volume
0.2M
CBL & Associates Properties Inc (CBL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.00B | $1.04B | $1.14B | $1.09B | $1.07B | $1.07B | $1.08B | $1.06B | $1.06B | $1.06B | $1.03B | $927.25M | $858.56M | $768.70M | $575.86M | $576.88M | $563.01M | $535.29M | $515.56M | $578.37M |
| Revenue growth (YoY) | — | +3.8% | +9.4% | -4.3% | -1.6% | -0.4% | +1.2% | -2.2% | +0.5% | -0.5% | -2.5% | -9.8% | -7.4% | -10.5% | -25.1% | +0.2% | -2.4% | -4.9% | -3.7% | +12.2% |
| Cost of revenue | $765.27M | $811.32M | $1.03B | $939.94M | $883.93M | $856.63M | $823.40M | $860.67M | $876.44M | $881.48M | $866.84M | $858.73M | $823.41M | $746.14M | $617.94M | $604.60M | $704.35M | $568.15M | $456.33M | $534.66M |
| Gross profit | $236.87M | $229.31M | $111.84M | $149.55M | $187.88M | $210.71M | $256.33M | $195.04M | $184.30M | $173.53M | $161.41M | $68.52M | $35.14M | $22.55M | $-42.08M | $-27.73M | $-141.34M | $-32.86M | $59.23M | $43.71M |
| Gross margin | 23.6% | 22.0% | 9.8% | 13.7% | 17.5% | 19.7% | 23.7% | 18.5% | 17.4% | 16.4% | 15.7% | 7.4% | 4.1% | 2.9% | -7.3% | -4.8% | -25.1% | -6.1% | 11.5% | 7.6% |
| R&D | — | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $0.00 | $0.00 | — | — |
| SG&A | $39.52M | $37.85M | $45.24M | $41.01M | $43.38M | $44.75M | $51.25M | $48.87M | $50.27M | $62.12M | $63.33M | $58.47M | $61.51M | $64.18M | $53.42M | $52.34M | $67.22M | $64.07M | $67.25M | $69.04M |
| Operating income | $159.52M | $137.13M | $376.01M | $101.81M | $127.05M | $144.00M | $206.47M | $173.34M | $425.30M | $410.49M | $370.45M | $309.14M | $258.25M | $216.12M | $95.64M | $127.27M | $46.92M | $93.36M | $132.34M | $139.77M |
| Operating margin | 15.9% | 13.2% | 33.0% | 9.3% | 11.9% | 13.5% | 19.1% | 16.4% | 40.1% | 38.9% | 36.0% | 33.3% | 30.1% | 28.1% | 16.6% | 22.1% | 8.3% | 17.4% | 25.7% | 24.2% |
| EBITDA | $681.63M | $688.42M | $726.89M | $598.77M | $666.85M | $701.28M | $705.43M | $631.73M | $822.41M | $774.61M | $702.04M | $680.00M | $404.66M | $333.03M | $67.25M | $-167.97M | $377.22M | $367.92M | $353.85M | $476.42M |
| EBITDA margin | 68.0% | 66.2% | 63.9% | 55.0% | 62.2% | 65.7% | 65.3% | 59.8% | 77.5% | 73.4% | 68.3% | 73.3% | 47.1% | 43.3% | 11.7% | -29.1% | 67.0% | 68.7% | 68.6% | 82.4% |
| EBIT | $443.77M | $436.33M | $384.14M | $285.66M | $375.08M | $424.92M | $436.79M | $346.18M | $531.14M | $475.54M | $409.34M | $380.91M | $119.26M | $75.28M | $-147.78M | $-376.05M | $120.91M | $177.42M | $213.26M | $311.26M |
| Interest expense | $257.07M | $287.88M | $313.21M | $294.05M | $286.58M | $271.33M | $244.43M | $229.27M | $239.82M | $229.34M | $216.32M | $218.68M | $220.04M | $206.26M | $200.66M | $309.59M | $217.34M | $172.91M | $154.49M | $175.96M |
| Income tax | $5.90M | $8.39M | $13.49M | $1.22M | $-6.42M | $-203000.00 | $1.40M | $1.30M | $-4.50M | $-2.94M | $2.06M | $-1.93M | $-570.61M | $3.15M | $16.84M | $-4.81M | $3.08M | $894000.00 | $1.05M | $475000.00 |
| Effective tax rate | 5.3% | 9.3% | 34.2% | -8.8% | -11.6% | -0.2% | 1.1% | 1.5% | -2.6% | -1.8% | 1.2% | -1.6% | 87.9% | -3.0% | -4.3% | 0.8% | -3.4% | 12.0% | 1.8% | 0.3% |
| Net income | $106.34M | $81.59M | $25.98M | $-15.09M | $61.77M | $133.94M | $130.66M | $84.06M | $174.53M | $167.07M | $172.44M | $126.12M | $-78.57M | $-108.69M | $-404.09M | $-622.17M | $-93.48M | $6.55M | $58.97M | $135.97M |
| Net income growth (YoY) | — | -23.3% | -68.2% | -158.1% | +509.2% | +116.8% | -2.4% | -35.7% | +107.6% | -4.3% | +3.2% | -26.9% | -162.3% | -38.3% | -271.8% | -54.0% | +85.0% | +107.0% | +800.9% | +130.6% |
| Profit margin | 10.6% | 7.8% | 2.3% | -1.4% | 5.8% | 12.5% | 12.1% | 8.0% | 16.5% | 15.8% | 16.8% | 13.6% | -9.2% | -14.1% | -70.2% | -107.9% | -16.6% | 1.2% | 11.4% | 23.5% |