C.B.L. & Associates Properties
Runs malls and open-air retail centers in mid-tier US markets.
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Profile
Owns and operates malls, outlet centers, lifestyle centers and open-air retail centers, earning mainly from tenant leases and related property services. The portfolio is concentrated in US Southeast and Midwest markets, with redevelopment, tenant mix and retail traffic shaping results.
Owns and operates a retail-property portfolio built around regional malls, outlet centers, lifestyle centers and open-air centers. Rental revenue comes mainly from retail tenant leases, supported by management, leasing, development, advertising and sponsorship income.
Concentrated in the United States, especially Southeast and Midwest mid-tier markets, the portfolio combines enclosed malls with non-enclosed retail formats. Operating work centers on leasing, tenant-mix changes, redevelopment of former anchor spaces and selective acquisitions or asset sales.
After bankruptcy reorganization, the current security represents a rebuilt public REIT whose business depends on tenant demand, store closures, online shopping shifts, financing access and regional retail competition.
Company facts
Key statistics
Year to date +49.0% · Average volume (30d) 242.4K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | — | $1.47 | — | $146.5M | $142.0M | −3.0% | +4.12% |
| May 8, 2026Q1 FY26 | — | $1.48 | — | $146.0M | $146.0M | 0.0% | −1.96% |
| Feb 13, 2026Q4 FY25 | $0.34 | $1.56 | +358.8% | $140.0M | $150.4M | +7.4% | +5.28% |
| Nov 6, 2025Q3 FY25 | $0.14 | $2.38 | +1,600.0% | $134.0M | $139.3M | +3.9% | +4.29% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $141.8M | $140.9M | $139.3M | $156.4M | $146.0M | $146.5M | |
| Gross profit | −$4.4M | $12.5M | $9.5M | $26.0M | $15.1M | $95.8M | |
| Operating income | $20.4M | $37.0M | $31.6M | $50.7M | $34.7M | $81.0M | |
| Net income | $8.8M | $2.8M | $75.4M | $49.0M | $46.5M | $45.5M | |
| Diluted EPS | $0.27 | $0.08 | $2.38 | $1.56 | $1.48 | $1.47 | |
| Gross margin | -3.1% | 8.9% | 6.8% | 16.7% | 10.4% | 65.4% | |
| Operating margin | 14.4% | 26.3% | 22.7% | 32.4% | 23.8% | 55.3% |
Fiscal years (4-quarter sums)FY21 $576.9M · FY22 $527.9M · FY23 $535.3M · FY24 $515.6M · FY25 $578.4M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $302.4M · Total debt $2.03B · Total assets $2.64B · Shareholders' equity $427.4M
Dividends
Raised for 3 straight years — most recently to $0.625 from $0.45 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 12, 2026 | Jun 12 | Jun 30 | $0.625 | raised from $0.45 |
| Apr 10, 2026 | Apr 10 | Apr 17 | $0.175 | special dividend |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.45 | |
| Nov 25, 2025 | Nov 25 | Dec 11 | $0.45 | |
| Sep 15, 2025 | Sep 15 | Sep 30 | $0.45 | raised from $0.40 |
| Jun 13, 2025 | Jun 13 | Jun 30 | $0.40 | |
| Mar 13, 2025 | Mar 13 | Mar 31 | $1.20 | special dividend |
| Dec 13, 2024 | Dec 13 | Dec 31 | $0.40 |
Ownership
Shares outstanding 30.94M · Float 25.80M · 83.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Canyon Capital Advisors LLC | 7.42M | 23.97% | 13F | Aug 14, 2026 |
| Oaktree Capital Group Holdings, GP LLC | 2.98M | 9.70% | 13G | Dec 9, 2024 |
| Amster Howard | 2.41M | 7.80% | 13D | Aug 28, 2026 |
| BlackRock, Inc. | 2.05M | 6.62% | 13F | Aug 7, 2026 |
| Strategic Value Partners, LLC | 1.99M | 6.30% | 13D/A | Sep 20, 2024 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Kathryn A. Reinsmidt | officer: EVP - Chief Operating Officer | −17,515 | $57.10 |
| Jun 18, 2026 | Howard B. Grody | officer: Exec VP-Leasing | −5,728 | $48.03 |
| Jun 5, 2026 | David Michael Fields | director | −3,592 | $47.97 |
| Jun 2, 2026 | Benjamin W. Jaenicke | officer: EVP - Chief Financial Officer | −6,500 | $48.46 |
| May 22, 2026 | Canyon Capital Advisors LLC | other: Member of 10% owner group | −1,050,000 | $46.44 |
Peers
- Simon Property Group
Dominant mall and outlet landlord with national retailer reach
- Macerich
Public regional mall owner focused on fortress retail assets
- Tanger
Outlet and open-air retail specialist in tourist markets
- Kimco Realty
Large open-air grocery-anchored shopping-center landlord
- Brixmor Property Group
Open-air neighborhood center owner anchored by grocers and value retail
- Kite Realty Group
Sun Belt open-air shopping-center REIT with redevelopment focus
- Federal Realty
High-quality retail and mixed-use landlord in dense markets
- Urban Edge Properties
Dense-market shopping-center owner with redevelopment emphasis
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| C.B.L. & Associates Properties | $55.04 | 0.00% | $1.70B | 8.0 | — | 2.9 | +0.8% |
| Simon Property Group | $214.38 | −0.07% | $69.58B | 15.2 | 32.0 | 10.0 | +10.8% |
| Macerich | $23.75 | +0.02% | $7.07B | — | 11,242.9 | 7.0 | −0.0% |
| Tanger | $37.73 | 0.00% | $4.33B | 34.3 | 33.3 | 7.1 | +5.4% |
| Kimco Realty | $23.78 | +0.02% | $16.03B | 26.7 | 27.8 | 7.3 | +4.1% |
| Brixmor Property Group | $29.17 | −0.02% | $8.95B | 20.8 | 28.0 | 6.4 | +4.2% |
| Kite Realty Group | $26.00 | 0.00% | $5.21B | 16.1 | 65.4 | 6.4 | −9.4% |
| Federal Realty | $116.75 | −0.01% | $10.09B | 23.3 | 37.7 | 7.6 | +4.6% |
| Urban Edge Properties | $21.39 | 0.00% | $2.70B | 40.0 | 46.4 | 5.4 | +7.5% |
| Median | 23.3 | 35.5 | 7.0 | +4.4% |