Inferra AI / Company / CBL
Cbl & Associates Properties Inc.
CBL · Real Estate
Last earnings Aug 7, 2026
Key results
Revenuequarter
$ 491
2 Same-center Net Operating Income (“NOI”) (1) : Three Months Ended June 30, 2025 2024 Total Revenues $ 156,034 $ 153,366 Total Expenses $ (51,165 ) $ (47,957 ) Total portfolio same-center NOI $ 104,869 $ 105,409 Total same-center NOI percentage change (0.5 )% Estimate for uncollectable revenues (recovery) $ 491 $ 1,576 (1) CBL’s definition of same-center NOI excludes the impact of lease termination fees and certain non-cash items such as straight-line rents and reimbursements, write-offs of landlord inducements and net amortization of above and below market leases.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
The estimate for uncollectable revenues favorably impacted the quarter by approximately $1.1 million.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Six Months Ended June 30, 2025 2024 Total Revenues $ 311,651 $ 307,603 Total Expenses $ (106,655 ) $ (99,713 ) Total portfolio same-center NOI $ 204,996 $ 207,890 Total same-center NOI percentage change (1.4 )% Estimate for uncollectable revenues (recovery) $ 1,517 $ 2,997 Same-center NOI for the six months ended June 30, 2025 declined $2.9 million.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
The estimate for uncollectable revenues favorably impacted the quarter by approximately $1.5 million.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
AI analysis
Q2 2025 · reported Aug 6, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance · company-stated
Direction: raised
No guidance located in the held release
“com C BL PROPERTIES REPORTS RESULTS FOR SECOND QUARTER 2026 Q2 2026 Results Reflect Higher Occupancy, Positive Lease Spreads, Same-Center NOI Growth; Full-Year FFO and SC NOI Guidance Increased CHATTANOOGA, Tenn.”
Capital allocation
• CBL's Board of Directors declared an increase of 12.5% in the regular cash dividend to $0.45 per common share for the quarter ending September 30, 2025.
Event summary
(August 6, 2025) – CBL Properties (NYSE: CBL) announced results for the second quarter ended June 30, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
• CBL's Board of Directors declared an increase of 12.5% in the regular cash dividend to $0.45 per common share for the quarter ending September 30, 2025.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Supported by the incremental cash flow growth from the recent four-mall acquisition, our Board has authorized a 12.5% increase in the regular common dividend to an annualized rate of $1.80 per share.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
This is in addition to the special cash dividend of $0.80 per share paid in March and the Board's authorization of a new $25 million stock repurchase program in May.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
The dividend, which equates to an annual dividend payment of $1.80 per common share, is payable on September 30, 2025, to shareholders of record as of September 15, 2025.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
On April 30, 2025, CBL announced that it had successfully met the extension test to secure a one-year extension of the secured term loan.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
STOCK REPURCHASE PROGRAM On May 1, 2025, CBL announced that its Board of Directors authorized a stock repurchase program for the Company to buy up to $25 million of its common stock.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Strategy & priorities
The transaction represents significant progress in the execution of CBL’s portfolio optimization strategy as we utilize proceeds from non-core asset sales at single-digit cap rates, such as the $83.1 million sale of The Promenade completed in July, to invest in stable market-dominant malls that generate immediate accretion to CBL’s portfolio free cash flow per share.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
We remain focused on optimizing portfolio performance, maintaining strong occupancy and revenue levels, and deploying capital with discipline.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Risks & headwinds
A combination of tariff front-running and the timing of the Easter holiday likely contributed to the strength.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
For the second half of the year, we are closely monitoring the evolving economic landscape, including the effects of tariffs on tenants, consumers, and overall market conditions.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K, and the “Management's Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
(3) Represents a credit to litigation settlement expense related to claim amounts that were released pursuant to the terms of the settlement agreement related to the settlement of a class action lawsuit.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
The Company also calculates Adjusted EBITDA re to exclude the non-controlling interest in EBITDA re of consolidated entities, abandoned projects expense, (gains) losses on extinguishment of debt, adjustments related to unconsolidated affiliates and litigation settlement.
SEC original ↗Cbl & Associates Properties Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documentsEarnings releases
9 documentsPresentations
0 documentsNo presentations for Cbl & Associates Properties Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Cbl & Associates Properties Inc. are held in this edition of the library.
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