CBL & ASSOCIATES PROPERTIES INC
CBLNYSEReal Estate · Real Estate Investment Trusts · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $16.2M | $18.6M | $18.9M | $17.9M | $13.8M | $18.5M |
| Operating income | — | — | — | — | — | — |
| Net income | $136.0M | $59.0M | $6.5M | −$93.5M | −$470.6M | −$295.1M |
| Total assets | $2.73B | $2.75B | $2.41B | $2.68B | $2.96B | $4.44B |
| Total liabilities | $2.36B | $2.43B | $2.08B | $2.31B | $2.54B | — |
| Equity | $374.9M | $323.5M | $339.3M | $370.5M | $547.4M | $531.8M |
| EPS (diluted) | $4.34 | $1.87 | $0.17 | $-3.20 | $-2.39 | $-1.75 |
| Shares out. | 30.9M | 32.3M | 32.1M | 31.8M | 196.5M | 175.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- 837.1%
- Return on equity
- 36.3%
- Return on assets
- 5.0%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 86.6%
- Debt / equity
- 6.31×
- Book value / share
- $12.12
- Revenue growth (YoY)
- −12.5%
- Net income growth (YoY)
- 130.6%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −4.2%clean
- Piotroski F-Score
- 6/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Strong return on equity (>15%)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 1, 2021
- NT 10-Qmissed a reporting deadline ↗Nov 10, 2020
- NT 10-Qmissed a reporting deadline ↗Aug 11, 2020
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Canyon Capital Advisors Llc | May 22, 2026 | Sell | 1.1M | $46.44 |
| Cobb Andrew FranklinOfficer — Exec VP-Accounting | May 14, 2026 | Sell | 8,099 | $45.80 |
| Curry Jeffery V.Officer — Chief Legal Officer & Sec. | Apr 8, 2026 | Gift | 2,476 | $0.00 |
| Curry Jeffery V.Officer — Chief Legal Officer & Sec. | Apr 6, 2026 | Gift | 3,000 | $0.00 |
| Lebovitz Stephen DOfficer — CEO | Feb 17, 2026 | Tax withholding | 1,985 | $35.59 |
| Lebovitz Michael IOfficer — President | Feb 17, 2026 | Tax withholding | 1,146 | $35.59 |
| Reinsmidt Kathryn A.Officer — EVP - Chief Operating Officer | Feb 17, 2026 | Tax withholding | 1,146 | $35.59 |
| Khalili JosephOfficer — EVP Financial Planning & Anlys | Feb 17, 2026 | Tax withholding | 216 | $35.59 |
| Cope JenniferOfficer — EVP Ops Services & Risk Mgmt | Feb 17, 2026 | Tax withholding | 216 | $35.59 |
| Curry Jeffery V.Officer — Chief Legal Officer & Sec. | Feb 17, 2026 | Tax withholding | 1,146 | $35.59 |
| Grody Howard B.Officer — Exec VP-Leasing | Feb 17, 2026 | Tax withholding | 409 | $35.59 |
| Jaenicke Benjamin WOfficer — EVP - Chief Financial Officer | Feb 17, 2026 | Tax withholding | 2,191 | $35.59 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 837,608 | 3.7 | -9.4% |
| Apr 30, 2026 | 924,364 | 5.0 | -4.1% |
| Apr 15, 2026 | 963,510 | 4.6 | +4.2% |
| Mar 31, 2026 | 924,319 | 4.7 | -3.5% |
| Mar 13, 2026 | 957,366 | 7.4 | +0.4% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 26, 2026
- Results of operationsMay 8, 2026
- Entered a material agreement · New financial obligation · Director / officer change · Other material eventApr 2, 2026
- Entered a material agreement · New financial obligation · Other material eventMar 19, 2026
- Director / officer changeFeb 17, 2026
- Results of operationsFeb 13, 2026
- Results of operationsNov 7, 2025
- Other material eventNov 6, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4May 26, 2026
- SCHEDULE 13D/AMay 26, 2026
- 8-KMay 26, 2026
- 144May 22, 2026
- 4May 18, 2026
- SCHEDULE 13G/AMay 14, 2026
- 144May 14, 2026
- 10-QMay 8, 2026
- 8-KMay 8, 2026
- DEF 14AApr 22, 2026
- 4Apr 9, 2026
- 4Apr 8, 2026
- 8-KApr 2, 2026
- SCHEDULE 13G/AMar 26, 2026
- 8-KMar 19, 2026