CBL & Associates Properties, Inc. owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s owned ...
CBL & Associates Properties, Inc. is a retail-oriented real estate investment trust headquartered at CBL Center in Chattanooga, Tennessee. The company was incorporated in Delaware in 1978 and traces its business identity to founder Charles B. Lebovitz and the broader Lebovitz family real estate organization. Stephen D. Lebovitz serves as ...CBL & Associates Properties, Inc. is a retail-oriented real estate investment trust headquartered at CBL Center in Chattanooga, Tennessee. The company was incorporated in Delaware in 1978 and traces its business identity to founder Charles B. Lebovitz and the broader Lebovitz family real estate organization. Stephen D. Lebovitz serves as chief executive officer and has led the company since January 1, 2010. CBL’s principal business is the ownership, management, leasing, and selective redevelopment of shopping-center real estate, particularly properties that function as dominant retail destinations within their local or regional markets.
The supplied company profile describes an owned and managed portfolio of approximately 88 properties totaling 55.6 million square feet across 23 states. The assets include approximately 56 enclosed malls, outlet centers, and lifestyle retail centers, together with more than 25 open-air centers and other retail-related properties. Other public descriptions characterize CBL as a major U.S. mall REIT with a concentration in the Southeastern and Midwestern regions. The portfolio is intended to serve dynamic and growing communities and typically combines national retailers, regional chains, restaurants, entertainment uses, service businesses, and local tenants.
CBL’s services are primarily real estate services rather than manufactured products. These services include property operations, tenant leasing, marketing, maintenance, redevelopment, capital planning, asset management, and retail-property administration. The company seeks to improve property performance through active management, aggressive leasing, tenant optimization, and profitable reinvestment. Its economic model depends on rental income, tenant reimbursements, occupancy levels, lease renewals, percentage rents where applicable, property sales, and the long-term appreciation or cash-flow generation of its real estate assets. Because CBL is a REIT, investors generally evaluate it using real estate measures such as net operating income, occupancy, leasing spreads, funds from operations, adjusted funds from operations, debt maturity schedules, and secured and unsecured financing capacity rather than relying solely on conventional industrial-company metrics.
The supplied data reports 408 full-time employees, placing CBL in the 201-500 employee category. It also reports a market capitalization of approximately $1.75 billion, a trailing dividend of $2.15 per share, and a dividend yield of roughly 3.8 percent at the referenced data point. Reported trailing metrics include revenue of approximately $19.46 per share, net income of approximately $7.16 per share, operating cash flow of approximately $9.36 per share, and an enterprise-value-to-EBITDA multiple of approximately 4.3. These figures are time-sensitive and should be interpreted alongside the company’s latest filings, property-level operating results, debt structure, interest costs, tenant health, occupancy trends, and capital expenditure requirements. CBL’s key strategic priorities are maintaining financially productive retail assets, strengthening tenant and property quality, managing leverage and liquidity, and generating sustainable cash flow and shareholder distributions.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$578.4M
+12.2%
+0.4%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$136.0M
+130.6%
-2.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+7.6%
-34.2%
+530.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+24.2%
-5.9%
+132.8%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+23.5%
+105.5%
-2.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$249.7M
+23.5%
+51.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+43.2%
+10.1%
+51.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
579.0%
-15.3%
-8.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.55x
+12.9%
+418.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
