← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
CBL, a mall REIT that emerged from bankruptcy in 2021, grew revenue 12.2% to $578.4M and more than doubled net income to $136.0M in FY2025
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 12.2% to $578.4MOK
- Profitability — Net income grew 130.6% to $136.0MOK
- Cash flow — Operating cash flow grew 23.5% to $249.7MOK
- Balance sheet — Total debt of $2.17B against equity of $374.9MWatch
- Capital returns — Dividends of $77.1M and buybacks of $18.1MNote
- Insiders — 2 purchases by one director and 16 sales in the last yearNote
Business
CBL is a self-managed real estate investment trust that owns, leases and operates regional malls, outlet centers, lifestyle centers and open-air centers in 22 states, mainly in the southeastern and midwestern US. Its revenue is mostly rent from retail tenants, including fixed minimum rents, percentage rents and reimbursements for taxes, insurance and common area costs.
Where the revenue comes from
Fiscal 2025, as CBL & ASSOCIATES PROPERTIES INC reports it. History and quarterly detail are in the app.
- Malls$478.4M
- Open-Air Centers$65.2M
- Lifestyle Centers$50.9M
- Outlet Centers$35.4M
- All Other$31.9M
Leadership changes
From CBL & ASSOCIATES PROPERTIES INC's own filings, the day they're filed.
- Michael A. Torres · director · appointmenteff. 2023-06-15
- Base Salary · departure
- Legacy Retiree Programs · departure
Latest filings
- 10-Q · Quarterly report2026-08-07
- 8-K · Company announcement2026-08-07
- 8-K · Company announcement2026-05-26
- 10-Q · Quarterly report2026-05-08
- 8-K · Company announcement2026-05-08
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about CBL & ASSOCIATES PROPERTIES INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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