Welcome to our dedicated page for Cbl & Assoc Pptys SEC filings (Ticker: CBL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
CBL & Associates Properties filings document the REIT’s retail real estate portfolio, operating results, capital structure and governance. Earnings-related 8-K filings include supplemental financial and operating information such as funds from operations, same-center net operating income, rental revenue components, property lists, leasing activity, average base rents, tenant concentration, capital expenditures and debt maturity schedules.
CBL’s material-event filings also record property-secured non-recourse loan agreements, refinancing activity, financial covenants, collateral pools and common stock repurchase authorizations. Proxy and compensation filings describe board matters, executive compensation programs, equity awards and shareholder voting items for the company’s NYSE-listed common stock.
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.
On 29 Jul 2025, CBL & Associates Properties (CBL) closed the purchase of four enclosed regional malls—Ashland Town Center (KY), Mesa Mall (CO), Paddock Mall (FL) and Southgate Mall (MT)—for $178.9 million from Washington Prime Group.
The transaction was financed with cash from recent asset sales and an upsizing of CBL’s non-recourse open-air centers & outparcels loan with Beal Bank. The facility’s principal rose $110 million to roughly $443 million and its tenor was reset to seven years, maturing Oct 2030 with a two-year extension option to Oct 2032. For the initial five-year interest-only period, $368 million bears a fixed 7.70 % rate, while the remaining $75 million floats at SOFR + 410 bp; the entire balance converts to the floating rate thereafter.
Required Rule 3-14 financial statements and Article 11 pro formas for the acquired assets will be filed within 71 days. A detailed press release is furnished as Exhibit 99.1.