Earnings summaries and quarterly performance for CBL & ASSOCIATES PROPERTIES.
Executive leadership at CBL & ASSOCIATES PROPERTIES.
Stephen Lebovitz
Detailed
Chief Executive Officer
CEO
AL
Alan Lebovitz
Detailed
Executive Vice President – Management
AC
Andrew Cobb
Detailed
Executive Vice President – Accounting
BJ
Benjamin Jaenicke
Detailed
Chief Financial Officer and Treasurer
HG
Howard Grody
Detailed
Executive Vice President – Leasing
JC
Jeffery Curry
Detailed
Chief Legal Officer and Secretary
JC
Jennifer Cope
Detailed
Executive Vice President – Operations Services & Risk Management
JK
Joseph Khalili
Detailed
Executive Vice President – Financial Operations
KR
Katie Reinsmidt
Detailed
Chief Operating Officer
ML
Michael Lebovitz
Detailed
President
Board of directors at CBL & ASSOCIATES PROPERTIES.
Research analysts who have asked questions during CBL & ASSOCIATES PROPERTIES earnings calls.
CM
Christy McElroy
Citigroup
4 questions for CBL
CS
Craig Schmidt
Bank of America
4 questions for CBL
MM
Michael Mueller
JPMorgan Chase & Co.
4 questions for CBL
Also covers: AKR, BRX, COLD +27 more
RH
Rich Hill
Morgan Stanley
4 questions for CBL
MB
Michael Bilerman
Wells Fargo & Company
3 questions for CBL
Also covers: ELS, MRT
CB
Caitlin Burrows
Goldman Sachs
2 questions for CBL
Also covers: ALX, BNL, BRX +19 more
HS
Haendel St. Juste
Mizuho Financial Group
2 questions for CBL
Also covers: AAT, ADC, AIV +21 more
JS
Jim Sullivan
BTIG
2 questions for CBL
Todd Thomas
KeyBanc Capital Markets
2 questions for CBL
Also covers: AAT, AKR, BRX +21 more
Vince Tibone
Green Street
2 questions for CBL
Also covers: COLD, EGP, FR +7 more
Recent press releases and 8-K filings for CBL.
CBL Properties Reports Strong Q4 and Full-Year 2025 Results, Issues 2026 Guidance
CBL
Earnings
Guidance Update
Debt Issuance
- CBL Properties reported FFO, as adjusted, per share of $2.25 for the fourth quarter of 2025, up from $1.92 in the prior-year period, and $7.21 for the full year 2025, compared to $6.69 in 2024.
- Same-center Net Operating Income (NOI) increased 3.3% for Q4 2025 and 0.5% for the full year 2025 compared to the prior-year periods.
- The company initiated 2026 FFO, as adjusted, guidance in the range of $6.74 to $7.06 per share and anticipates same-center NOI for full-year 2026 in the range of (1.2)% to 1.1%.
- In 2025, CBL generated approximately $240.7 million of gross proceeds from dispositions and made significant progress on its balance sheet, including extending loan maturities and closing new non-recourse loans.
- For the full year 2025, over 4.0 million square feet of leases were executed, with comparable new and renewal leases signed at a 2.6% increase in average rents versus prior rents.
Feb 13, 2026, 3:42 PM
CBL Properties Reports Fourth Quarter and Full-Year 2025 Results
CBL
Earnings
Guidance Update
Dividends
- CBL Properties reported FFO, as adjusted, per share of $2.25 for Q4 2025 and $7.21 for the full year 2025, with same-center NOI increasing 3.3% in Q4 2025 and 0.5% for the full year.
- The company initiated FFO, as adjusted, guidance for 2026 in the range of $6.74 - $7.06 per share and anticipates same-center NOI for full-year 2026 in the range of (1.2)% to 1.1%.
- CBL announced a cash dividend of $0.45 per common share for the quarter ending March 31, 2026, and acquired 573,998 shares for $18.0 million in 2025 under its stock repurchase program.
- In 2025, CBL closed on dispositions generating approximately $240.7 million of gross proceeds and acquired four dominant enclosed regional malls for $178.9 million.
Feb 13, 2026, 1:00 PM
CBL Properties Reports Strong Q3 2025 Results and Reaffirms Full-Year Guidance
CBL
Earnings
Guidance Update
Share Buyback
- CBL Properties reported FFO, as adjusted, per share of $1.55 for the third quarter ended September 30, 2025, compared to $1.54 for the prior-year period. The company achieved 1.1% same-center Net Operating Income (NOI) growth for Q3 2025 and a 90-basis point increase in portfolio occupancy to 90.2% as of September 30, 2025.
- The company reaffirmed its full-year 2025 guidance for FFO, as adjusted, in the range of $6.98 to $7.34 per share and same-center NOI in the range of (2.0)% to 0.5%.
- CBL announced a cash dividend of $0.45 per common share for the quarter ending December 31, 2025, payable on December 11, 2025. Additionally, the Board of Directors authorized a new $25 million stock repurchase program on November 5, 2025, replacing the previous program.
- Year-to-date, CBL completed dispositions generating over $238.0 million of gross proceeds and acquired four dominant malls for $178.9 million in July 2025. The company also exercised a one-year extension option for its non-recourse term loan, extending its maturity to November 2026.
Nov 7, 2025, 8:04 PM
CBL Properties Reports Strong Q3 2025 Results and Reaffirms Full-Year Guidance
CBL
Earnings
Guidance Update
Share Buyback
- CBL Properties reported net income attributable to common shareholders of $2.38 per share for the third quarter ended September 30, 2025, a significant increase from $0.52 per share in the prior-year period.
- FFO, as adjusted, for Q3 2025 was $1.55 per share, a slight increase from $1.54 per share in Q3 2024, with same-center Net Operating Income (NOI) growing by 1.1%.
- The company's portfolio occupancy improved to 90.2% as of September 30, 2025, up 90 basis points from the prior year, and comparable new and renewal leases achieved a 17.1% increase in average rents.
- CBL Properties reaffirmed its FFO, as adjusted, guidance for 2025 in the range of $6.98 - $7.34 per share and anticipates full-year same-center NOI in the range of (2.0)% to 0.5%.
- The Board of Directors authorized a new stock repurchase program for up to $25 million of common stock and declared a cash dividend of $0.45 per common share for the quarter ending December 31, 2025.
Nov 6, 2025, 9:15 PM
CBL Properties Authorizes New $25 Million Stock Repurchase Program
CBL
Share Buyback
Dividends
- CBL & Associates Properties, Inc. (CBL) announced on November 5, 2025, that its Board of Directors authorized a new common stock repurchase program.
- This new program allows the company to purchase up to $25 million of its common stock through November 5, 2026, replacing a previous program.
- Under the prior program, CBL had already acquired 248,590 shares for $7.3 million.
- The CEO noted this action demonstrates commitment to maximizing shareholder returns, supported by the company's strong cash balance and cash flow generation.
Nov 6, 2025, 4:33 PM
CBL Properties Sells Interest in Fremaux Town Center
CBL
M&A
New Projects/Investments
Share Buyback
- CBL Properties completed the sale of its interest in Fremaux Town Center, a 640,000-square-foot open-air center in Slidell, LA, to its joint venture partner, Stirling.
- The transaction resulted in net cash proceeds of $30.77 million for CBL and eliminated $35.0 million of property-specific debt.
- The sale was executed at an 8.2% cap rate, which CBL's CEO, Stephen D. Lebovitz, noted confirms the significant value of its open-air portfolio.
- The proceeds from this sale are intended to pursue higher-yield opportunities, including future acquisitions and share repurchase activity.
Oct 24, 2025, 3:10 PM
Quarterly earnings call transcripts for CBL & ASSOCIATES PROPERTIES.
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