NYSE$CBL

CBL & Associates Properties Inc · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

CBL reported Q1 2026 total revenues of $146.0M with net income to common shareholders of $45.4M and diluted EPS of $1.50.

For the quarter ended March 31, 2026, CBL reported total revenues of $146.0 million versus $141.8 million a year ago. Net income attributable to common shareholders was $45.4 million compared with $8.2 million, aided by a $35.3 million gain on deconsolidation and $1.4 million of gains on real-estate sales. Diluted EPS was $1.50 versus $0.27. Rental revenues were $141.4 million.

  • Total revenues of $146.0M (+3% YoY).
  • Net income to common shareholders of $45.4M including deconsolidation gain.
  • Diluted EPS of $1.50 vs. $0.27 prior year.
  • Rental revenue remained core at $141.4M.
  • Equity in earnings of unconsolidated affiliates contributed $10.3M.

Headline financials

Total Revenue

$146M

Previous: $142M+3.0%
EPS (adj)

$1.50

Previous: $0.27+455.6%
Capital Expenditures

-$43.8M

Previous: -$6.16M-610.6%
Net Income

$46.5M

Previous: $8.79M+428.9%

Revenue & EPS history

CBL & Associates · Revenue · Quarterly

$146M

Q1 2026+3%vs Q1 2025
Beat estimate in 4 of 7 quarters(57%)
ActualEstimate

Revenue by segment

CBL & Associates · $133M total across 2 segments · Q1 2023

  • Rental Revenues
    $130M-3.7%
  • Mgmt/Dev/Leasing Fees
    $2.43M+37.6%

Forward guidance

The REIT discusses leasing trends and capital recycling but does not provide formal FFO or EPS guidance ranges in this 10-Q.

Tailwinds

  • Higher NOI and transactional gains boosted earnings.
  • Occupancy and rental revenue trends stable to improving.

Headwinds

  • Gain on deconsolidation is non-recurring.
  • Interest expense of $39.9M remains a headwind.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.3%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-1.4%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+7.0%

Q1 2022

Best reaction

-4.7%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026+0.1%+4.1%+10.1%
Q4 2025-3.6%+1.6%+1.5%
Q3 2025+4.2%+4.2%+13.6%
Q1 2025+0.1%-2.0%-4.1%
Q4 2024+0.2%+0.2%-14.6%
Q3 2024-0.1%-1.2%+11.6%
Q2 2024+2.1%+3.0%+2.9%
Q1 2024-1.2%-1.1%+1.8%
Q4 2023-4.7%-2.7%-5.6%
Q3 2023+1.5%+6.8%+9.1%
Q2 2023+3.0%+0.8%-1.1%
Q1 2023-1.1%-5.1%+2.0%
Q4 2022-2.6%-4.6%-9.1%
Q3 2022-0.1%-1.7%-13.7%
Q2 2022-0.5%-2.9%-6.4%
Q1 2022+7.0%+2.0%+0.1%
Q4 2021+1.3%-0.9%-10.5%
Q3 2021-1.1%-4.9%-11.9%
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