Every 10-Q that Cbl & Assoc Pptys Inc (CBL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CBL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CBL filings page.
CBL & Associates Properties, Inc., a mall-focused REIT, reported stronger results for the quarter and six months ended June 30, 2026. Total revenues were $146.5 million for the quarter and $292.4 million year-to-date, modestly above 2025 levels. Net income rose to $46.3 million for the quarter and $92.7 million year-to-date, compared with $2.2 million and $10.5 million a year earlier, and basic EPS increased to $1.50 for the quarter and $3.01 year-to-date.
Profitability benefited from gains on deconsolidation of properties, sales of outparcels and higher equity in earnings from unconsolidated affiliates, while interest expense remained high at $82.6 million for the first half. Operating cash flow grew to $133.2 million, supporting common dividends of $38.7 million and leaving cash, cash equivalents and restricted cash at $202.6 million. Mortgage and other indebtedness, net, declined to $2.03 billion, entirely non‑recourse at the property level, following refinancing of a large secured term loan into new fixed- and variable‑rate loans. The company also disclosed several property-level loan defaults and receiverships where it anticipates returning certain assets to lenders in satisfaction of the related debt.
CBL & Associates Properties, Inc. reported sharply higher results for the quarter ended March 31, 2026. Net income rose to $46.4 million from $8.4 million, and net income attributable to common shareholders increased to $45.4 million, or $1.50 basic EPS, versus $0.27 a year earlier.
Total revenues grew modestly to $146.0 million from $141.8 million, helped by higher rental revenue and contributions from recently acquired malls. Results were boosted by a $35.3 million gain on deconsolidation of Jefferson Mall and lower depreciation and interest expense, while gains on property sales declined sharply.
Same-center NOI, which strips out acquisitions, dispositions and certain adjustments, edged up to $96.6 million from $94.6 million, indicating underlying portfolio stability. The company refinanced its $634.0 million secured term loan with a new $425.0 million fixed-rate mall loan due 2031 and a $176.1 million variable-rate lifestyle centers loan due 2032, extending maturities.
CBL also acquired Gateway Mall in Lincoln, Nebraska for approximately $43.8 million, funded in part by a new $21.0 million non-recourse loan. Cash, cash equivalents and restricted cash increased to $212.7 million, while mortgage and other indebtedness, net, declined to $2.08 billion, reflecting refinancing activity and selective deconsolidation of assets.
CBL & Associates Properties, Inc. reported Q3 2025 results. Total revenues were $139.3 million, driven by rental revenues of $134.8 million. Net income was $75.1 million, and diluted EPS was $2.38.
Performance reflected significant one-time items: a $51.2 million gain on real estate sales and a $33.9 million gain on deconsolidation tied to Southpark Mall entering receivership. Interest expense was $44.8 million for the quarter. For the first nine months, revenues reached $422.0 million and cash from operating activities was $169.5 million.
Strategic portfolio actions included acquiring four enclosed malls for approximately $179.7 million in July and year‑to‑date gross sale proceeds of $169.8 million. Mortgage and other indebtedness, net, was $2.181 billion at quarter end. Cash and cash equivalents were $52.6 million, with available‑for‑sale U.S. Treasuries at $260.4 million. As of November 3, 2025, 30,682,618 common shares were outstanding.
CBL & Associates Properties (NYSE: CBL) – Q2 FY25 10-Q highlights
- Top-line growth: Q2 revenue rose 8.7% YoY to $140.9 m; 1H revenue up 9.2% to $282.7 m, driven by higher rental income across mall and open-air segments.
- Profitability mixed: Q2 net income attributable to the Company declined 42% YoY to $2.8 m (EPS $0.08 vs $0.14) as operating costs (+9.2%) and interest expense (+11.6%) outpaced revenue. 1H net income more than doubled to $11.5 m on $22.9 m of asset-sale gains.
- Balance sheet: Total debt fell 3% YTD to $2.14 bn; weighted-avg coupon eased to 5.95%. Cash & restricted cash improved to $204.5 m (+33%). Equity slipped to $277.5 m on dividend outflow ($49.5 m YTD) and AOCI losses.
- Liquidity & maturities: $817.8 m of debt is scheduled within 12 months (mostly the $666 m secured term loan and three property mortgages). Company met covenants for a one-year term-loan extension; Cross Creek Mall refinanced post-quarter for $78 m fixed-rate debt. Open-air centers loan ($333 m) was modified after quarter-end.
- Portfolio activity: Sold six assets YTD for $77.1 m cash; acquired four Macy’s boxes for $6.2 m. Post-quarter, agreed to buy four malls for $178.9 m and sold The Promenade for $83.1 m.
Overall, CBL is generating modest NOI growth and using asset sales to de-leverage, but rising interest expense, sizable near-term maturities and property-level defaults (Southpark Mall, Laredo outlet) temper the outlook.