MARKETS / NYSE / CBL
NYSE · REAL ESTATE INVESTMENT TRUSTS · MID CAP

CBL & Associates Properties, Inc. CBL

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$16.2M
▼ 12.5% vs FY2024
EPS · FY25
$4.34
Dividend / sh · FY25
Payout · FY25
57%
ROE · FY25
38.9%
Net margin · FY25
837.1%
Dividend coverage
-11.9×
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Result
USD 16.2M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.40.81.20.00.12008201120142017202020242025
0.40.81.20.00.12016201920232025

837 cents of every revenue dollar became profit this year.

Per share
USD 4.34
Diluted EPS, FY2025
EPS Dividend
40080012004.342008201120142017202020242025
40080012004.342016201920232025

The dividend was paid in a year without profit.

Profitability
38.9%
Return on equity, FY2025
ROE
1020304038.9%2008201120142017202020242025
1020304038.9%2016201920232025
Operating margin
Net margin837.1%
Return on assets5.0%

Each USD of equity produced 39 cents of profit this year.

Returned to shareholders
USD 95.2M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 77.1M
Net buybacksUSD 18.1M
Share of profit70.0%
Consecutive raises

USD 77.1M in dividends and USD 18.1M in buybacks — 70% of the year's profit went back to shareholders.

Growth
−2.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−3.1%
−2.6%
−34.1%
−24.2%
Net income
+2.8%
+5.4%
Returned to shareholders
+58.6%
+0.4%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.03B
Shares outstanding, FY2025
0.140.032008201120142017202020242025
0.170.032016201920232025
Change, 5 years+2.3%
Change, 10 years+32.9%

The share count grew 2% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 2.7B
total assets, end of FY2025
Total assetsUSD 2.7B
EquityUSD 374.9M
CashUSD 42.3M
Gross debtUSD 2.2B
Net debtUSD 2.1B

Net debt stands at 568% of equity.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.9
1.0
1.1
1.1
1.1
1.0
1.1
1.0
1.1
1.1
Operating income $B
·
·
·
·
·
·
·
0.2
0.3
0.3
0.4
0.3
0.4
0.4
0.4
0.3
0.4
EBITDA $B
·
·
·
·
·
·
·
0.5
0.5
0.6
0.7
0.6
0.6
0.6
0.7
0.6
0.7
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
0.0
Net income $B
0.1
0.1
0.0
−0.1
−0.3
−0.1
−0.1
0.1
0.2
0.1
0.2
0.1
0.1
0.1
0.1
−0.0
0.0
EPS, diluted $
4.34
1.87
0.17
−3.20
−1.75
−0.89
−0.72
0.44
0.75
0.34
1.02
0.24
0.54
0.62
0.21
−0.35
0.15
Dividend / sh $
·
·
·
·
0.00
0.07
0.68
995.00
·
·
·
0.05
0.17
·
·
·
·
Payout %
57
85
1804
−26
·
−24
−175
150
·
·
·
·
102
92
144
−377
457
ROE %
38.9
17.8
1.8
−24.4
−44.1
−12.3
−8.1
·
·
·
·
6.4
10.2
10.4
5.1
−1.3
·
Shares out B
0.03
0.03
0.03
0.03
0.20
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.16
0.15
0.15
0.14
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
25 of 25
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed