CBL & Associates Properties, Inc. CBL
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's owned and managed portfolio is comprised of 88 properties totaling 55.6 million square feet across 23 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties.
Snapshot
Reported FFO / FFO, as adjusted / leverage are from the Q1 2026 earnings release (filed 2026-05-08) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $578.37M | $135.97M | $165.16M | $476.42M | $260.76M |
| 2024 | $515.56M | $58.97M | $140.59M | $353.85M | $202.22M |
| 2023 | $535.29M | $6.55M | $190.50M | $367.92M | $183.52M |
| 2022 | $563.01M | $-93.48M | $256.31M | $377.22M | $208.23M |
| 2021 | $576.88M | $-622.17M | $208.08M | $-167.97M | $38.77M |
| 2020 | $575.86M | $-404.09M | $215.03M | $67.25M | $-69.37M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-12 | 2026-06-12 | 2026-06-30 | 2026-05-07 | $0.62 | Quarterly |
| 2026-04-10 | 2026-04-10 | 2026-04-17 | 2026-02-11 | $0.17 | Special |
| 2026-03-17 | 2026-03-17 | 2026-03-31 | 2026-02-11 | $0.45 | Quarterly |
| 2025-11-25 | 2025-11-25 | 2025-12-11 | 2025-11-05 | $0.45 | Quarterly |
| 2025-09-15 | 2025-09-15 | 2025-09-30 | 2025-08-04 | $0.45 | Quarterly |
| 2025-06-13 | 2025-06-13 | 2025-06-30 | 2025-05-01 | $0.40 | Quarterly |
| 2025-03-13 | 2025-03-13 | 2025-03-31 | 2025-02-12 | $1.20 | Special |
| 2024-12-13 | 2024-12-13 | 2024-12-31 | 2024-10-14 | $0.40 | Quarterly |
| 2024-11-25 | 2024-11-25 | 2024-12-11 | 2024-10-14 | $0.40 | Quarterly |
| 2024-09-13 | 2024-09-13 | 2024-09-30 | 2024-08-07 | $0.40 | Quarterly |
| 2024-06-13 | 2024-06-13 | 2024-06-28 | 2024-05-08 | $0.40 | Quarterly |
| 2024-03-14 | 2024-03-15 | 2024-03-29 | 2024-02-08 | $0.40 | Quarterly |
| 2023-12-11 | 2023-12-12 | 2023-12-29 | 2023-11-08 | $0.38 | Quarterly |
| 2023-09-14 | 2023-09-15 | 2023-09-29 | 2023-08-09 | $0.38 | Quarterly |
| 2023-06-13 | 2023-06-14 | 2023-06-30 | 2023-05-09 | $0.38 | Quarterly |
| 2023-03-14 | 2023-03-15 | 2023-03-31 | 2023-02-16 | $0.38 | Quarterly |
| 2022-12-09 | 2022-12-12 | 2023-01-18 | 2022-11-29 | $2.20 | Special |
| 2022-11-30 | 2022-12-01 | 2022-12-30 | 2022-11-10 | $0.25 | Quarterly |
| 2022-09-14 | 2022-09-15 | 2022-09-30 | 2022-08-10 | $0.25 | Quarterly |
| 2022-07-08 | 2022-07-11 | 2022-07-20 | 2022-06-30 | $0.25 | Quarterly |
Coverage (payout of operating cash flow): 29.57%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.