NYSE$CBL

CBL & Associates Properties Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

CBL & Associates Properties Inc reported its Q2 2025 financial results with total revenues of $140.9 million.

The company achieved net income of $2.2 million for the quarter ended June 30, 2025. Rental revenues increased year-over-year primarily due to property consolidations, offset by higher operating expenses and interest costs. Same-center NOI declined 0.5% while portfolio occupancy reached 88.8%.

  • Total revenues reached $140.9 million for the three months ended June 30, 2025.
  • Net income attributable to common shareholders was $2.6 million, or $0.08 per share.
  • Same-center NOI decreased 0.5% year-over-year amid higher property operating expenses.
  • Portfolio occupancy improved to 88.8% with malls, lifestyle centers and outlet centers at 87.3% same-center occupancy.

Headline financials

Total Revenue

$141M

Previous: $130M+8.7%
EPS (adj)

$0.08

Previous: $0.14-42.9%
Portfolio Occupancy

0.9%

Previous: 88.7%-99.0%
Same-Center Occupancy

0.9%

No prior period
Same-Center NOI Growth

-0.0%

No prior period
Capital Expenditures

-$6.16M

Previous: -$9.45M+34.8%
Net Income

$2.76M

Previous: $4.74M-41.8%
Operating Income

$4.06M

Previous: $4.98M-18.4%
Cash & Equivalents

$100M

Previous: $57.7M+73.9%

Revenue & EPS history

CBL & Associates · Revenue · Quarterly

$141M

Q2 2025+8.7%vs Q2 2024
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 company completed the WPG acquisition and increased its annualized dividend to $1.80 per share.

Tailwinds

  • Closed WPG acquisition adding four malls for $178.9 million.
  • 12.5% dividend increase authorized for Q3 2025.
  • New $78 million loan on Cross Creek Mall at 6.856% fixed rate.

Historical earnings impact

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

Avg. return before/after earnings

Based on 17 quarterly earnings reports

Historical avg

+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%
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2017
Q4 2016
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q3 2017
Q2 2017
Q1 2017
Q3 2016
Q2 2016
Q4 2015
Q1 2016
Q2 2015
Q3 2015
Q4 2014
Q1 2015
Q3 2014
Q2 2014
Q4 2013
Q1 2014
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2010
Q1 2011
Q4 2008
Q4 2010
Q3 2009
Q3 2010
Q2 2010
Q4 2009
Q2 2009

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro