CBL CBL & Associates Properties, Inc. Common Stock
NYSE · Real Estate · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 7, 2026
$54.70
· of 52w range
· above low
· to high
$28.0452w low
$60.4052w high
Market Cap (MRQ)
$1.69B
P/E (TTM)
7.9
EPS (TTM)
$6.94
Revenue (TTM)
$588M
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52W Range
$28–$60
Analyst Rating
BUY
Price Target
$63
P/E
7.9
ROE
60.6%
Net Profit Margin
37.0%
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CBL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$54.70
Market Cap (MRQ)
$1.69B
P/E (TTM)
7.9
EPS (TTM)
$6.94
Revenue (TTM)
$588M
Div Yield
4.6%
ROE (TTM)
60.6%
Debt/Equity (MRQ)
4.6
52W Range
$28–$60
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About CBL & Associates Properties, Inc. Common Stock Company overview from Wikipedia
CBL & Associates Properties, Inc. (previously CBL & Associates, Inc.) is an American real estate investment trust that invests in shopping centers and shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. Its largest market is Chattanooga, Tennessee (6.8% of 2024 revenues). The company's name is based on the initials of its founder, Charles B. Lebovitz.
## History
In 1961, Moses Lebovitz, his son, Charles B. Lebovitz, and Jay Solomon founded Independent Enterprises. In 1970, the company merged with Arlen Realty & Development Corporation, which owned shopping centers on the East Coast of the United States. In 1978, Charles B. Lebovitz and five associates formed CBL & Associates, Inc.
In March 1979, the company built its first mall, the Plaza del Sol Mall in Del Rio, Texas. In 1987, the company built Hamilton Place in Chattanooga, its flagship mall. In 1993, CBL & Associates Properties, Inc. was formed as a REIT and acquired all of the assets of CBL & Associates, Inc. The company became a public company via an initial public offering.
In 1998, the company acquired five properties near Nashville, Tennessee for $247.4 million in cash and securities. In 2001, the company acquired a 23-property portfolio from Richard E. Jacobs for $1.3 billion. In March 2005, the company opened Imperial Valley Mall in El Centro, California, its first mall on the West Coast of the United States. In October 2005, the company acquired Oak Park Mall, Hickory Point Mall, and Eastland Mall for $516.9 million.
In 2007, the company acquired four malls in the St. Louis area from Westfield Group, for $1.03 billion. In January 2017, the company acquired five properties from Sears for $72.5 million in a leaseback transaction. In October 2017, the company rebranded itself as CBL Properties from "CBL & Associates Properties". In March 2019, the company settled a lawsuit that it overcharged tenants for electricity by setting aside a $90 million fund to be distributed to the plaintiffs. On November 1, 2020, CBL filed for Chapter 11 bankruptcy. It emerged from bankruptcy protection in November 2021.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorReal Estate
industryReal Estate
employees408
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$578M2017-12-31 → 2025-12-31
EPS$4.342017-12-31 → 2025-12-31
Net margin37.0%2017-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | CBL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 7.95Y avg ≈40.2 | ≈40.2 | 29.4 | Undervalued | |
| P/S (TTM) | 2.95Y avg ≈1.5 | ≈1.5 | 6.7 | Undervalued | |
| P/B (MRQ) | 4.05Y avg ≈2.3 | ≈2.3 | 2.0 | Overvalued | |
| EV / EBITDA | 9.8 | · | · | · | |
| Price / Cash Flow | 6.65Y avg ≈4.2 | ≈4.2 | 13.0 | Undervalued | |
| EV / Revenue | 2.8 | · | · | · | |
| Price / Tangible Book | 4.45Y avg ≈2.3 | ≈2.3 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | CBL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| EBITDA Margin | 28.6%5Y avg ≈33.8% | ≈33.8% | 40.4% | Weak | |
| Net Profit Margin (TTM) | 37.0%5Y avg ≈6.1% | ≈6.1% | 13.0% | Top tier | |
| ROA (TTM) | 8.3%5Y avg ≈1.3% | ≈1.3% | 3.3% | Top tier | |
| ROE (TTM) | 60.6%5Y avg ≈10.8% | ≈10.8% | 9.7% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | CBL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 4.6 | · | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | CBL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 12.2%5Y avg ≈6.0% | ≈6.0% | · | · | |
| Revenue CAGR 3Y | 0.90%5Y avg ≈0.59% | ≈0.59% | · | · | |
| Revenue CAGR 5Y | 0.09% | · | · | · | |
| EPS YoY | 132.1% | · | · | · | |
| Net Income YoY | 130.6% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | CBL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.25Y avg ≈0.2 | ≈0.2 | 0.1 | Top tier | |
| Revenue / Employee | ≈$1.4M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield4.6%
Payout Ratio56.7%
Annualized Payout≈$2.50
Growth Streak≈2
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 15, 2026 | $0.63 | USD | ≈4.4% |
| Jun 12, 2026 | $0.63 | USD | ≈4.3% |
| Apr 10, 2026 | $0.18 | USD | ≈4.5% |
| Mar 17, 2026 | $0.45 | USD | ≈4.7% |
| Nov 25, 2025 | $0.45 | USD | ≈7.6% |
| Sep 15, 2025 | $0.45 | USD | ≈7.8% |
| Jun 13, 2025 | $0.40 | USD | ≈9.8% |
| Mar 13, 2025 | $1.20 | USD | ≈9.1% |
| Nov 25, 2024 | $0.40 | USD | ≈5.2% |
| Sep 13, 2024 | $0.40 | USD | ≈6.2% |
| Jun 13, 2024 | $0.40 | USD | ≈7.1% |
| Mar 14, 2024 | $0.40 | USD | ≈6.9% |
| Dec 11, 2023 | $0.38 | USD | ≈6.4% |
| Sep 14, 2023 | $0.38 | USD | ≈16.6% |
| Jun 13, 2023 | $0.38 | USD | ≈15.0% |
| Mar 14, 2023 | $0.38 | USD | ≈13.5% |
| Dec 9, 2022 | $2.20 | USD | ≈11.0% |
| Nov 30, 2022 | $0.25 | USD | ≈2.5% |
| Sep 14, 2022 | $0.25 | USD | ≈1.7% |
| Jul 8, 2022 | $0.25 | USD | ≈0.97% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
235.5%
Next Report
Nov 04, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 12, 2026 | $1.89 | — | — |
| Dec. 31, 2024 | $1.22 | $0.36 | 235.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $578M | $516M | $535M | $563M | · | $576M | $769M | $859M | $927M | $1.03B | $1.06B | |
| SG&A Expense | $69M | $67M | $64M | $67M | · | $53M | $64M | $62M | $58M | $63M | $62M | |
| Operating Expenses | $442M | $384M | $440M | $516M | · | $687M | $854M | $775M | $695M | · | · | |
| Operating Income | · | · | · | · | · | · | · | · | $233M | $254M | $278M | |
| Interest Expense | · | · | $173M | $217M | · | $201M | $206M | $220M | $219M | $216M | $229M | |
| Other Non-op | $-2M | $-74M | $-92M | $-146M | · | $-225M | $-46M | $-183M | $-74M | · | · | |
| Pretax Income | · | · | · | · | · | · | · | · | $157M | · | · | |
| Income Tax | $475.0K | $1M | $894.0K | $3M | · | $17M | $3M | $-2M | $-2M | $-2M | $3M | |
| Net Income | $136M | $59M | $7M | $-93M | · | $-295M | $-109M | $-79M | $121M | $173M | $103M | |
| EPS (Basic) | $4.41 | $1.87 | $0.17 | $-3.20 | · | $-1.75 | · | $-0.72 | $0.44 | $0.75 | $0.34 | |
| EPS (Diluted) | $4.34 | $1.87 | $0.17 | $-3.20 | · | $-1.75 | · | · | $0.44 | $0.75 | $0.34 | |
| Shares (Basic) | 30,343,000 | 30,905,000 | 31,303,000 | 30,046,000 | · | 190,277 | · | · | · | · | · | |
| Shares (Diluted) | 30,841,000 | 30,962,000 | 31,303,000 | 30,046,000 | · | 190,277 | · | · | · | · | · | |
| EBITDA | $165M | $141M | · | $256M | · | $215M | · | $285M | $532M | $546M | $577M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $42M | $41M | $34M | $45M | $170M | $62M | $33M | $25M | $33M | $19M | $37M | |
| Total Assets | $2.73B | $2.75B | $2.41B | $2.68B | $2.95B | $4.44B | $4.62B | $5.34B | $5.70B | $6.10B | $6.48B | |
| Short-term Debt | · | · | · | $70M | · | · | · | · | · | · | · | |
| Total Liabilities | $2.36B | $2.43B | $2.08B | $2.31B | $2.54B | · | $3.76B | $4.31B | $4.46B | $4.75B | $5.06B | |
| Long-term Debt | $2.17B | $2.21B | $1.89B | $2.00B | $1.81B | $1.18B | $3.53B | $4.04B | $4.23B | $4.47B | $4.71B | |
| Total Debt | $2M | · | · | $70M | · | · | · | · | · | · | · | |
| Common Stock | $30.0K | $31.0K | $32.0K | $32.0K | $21.0K | $2M | $2M | $2M | $2M | $2M | $2M | |
| Paid-in Capital | $687M | $695M | $719M | $710M | $548M | $1.99B | $1.97B | $1.97B | $1.97B | $1.97B | $1.97B | |
| Retained Earnings | $-313M | $-372M | $-380M | $-339M | $-152M | $-1.46B | $-1.16B | $-1.01B | $-836M | $-742M | $-689M | |
| AOCI | $443.0K | $782.0K | $610.0K | $-1M | $-3.0K | $18.0K | · | · | · | · | $2M | |
| Stockholders' Equity | $375M | $324M | $339M | $371M | $396M | $532M | $806M | $964M | $1.14B | $1.23B | $1.28B | |
| Liabilities + Equity | $2.73B | $2.75B | $2.41B | $2.68B | $2.95B | $4.44B | $4.62B | $5.34B | $5.70B | $6.10B | $6.48B | |
| Shares Outstanding | 30,322,052 | 30,711,227 | 31,975,645 | 31,780,075 | 20,774,716 | 196,569,917 | 174,115,111 | 172,656,458 | 171,088,778 | 170,792,645 | 170,490,948 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $165M | $141M | $191M | $256M | · | $215M | $258M | $285M | $299M | $293M | $299M | |
| Stock-based Comp | $17M | $15M | $13M | $12M | · | $6M | $5M | $5M | $6M | · | · | |
| Deferred Tax | $11.0K | $-2M | $-1M | $1M | · | $15M | $3M | $-3M | $5M | $-907.0K | $-152.0K | |
| Amort. of Intangibles | $82M | $67M | $106M | $152M | · | $1M | $5M | $13M | $13M | $9M | $13M | |
| Other Non-cash | $-68M | $-11M | · | $32M | · | $193M | · | · | · | · | · | |
| Operating Cash Flow | $250M | $202M | $184M | $208M | · | $133M | $273M | $377M | $430M | · | · | |
| Investing Cash Flow | $-115M | $65M | $2M | $-157M | · | $-280M | $25M | $-27M | $-76M | · | · | |
| Net Debt Issued | · | · | · | · | · | · | · | $-17M | $-427M | · | · | |
| Stock Issued | · | · | · | · | · | $5.0K | $40.0K | $156.0K | $204.0K | · | · | |
| Stock Repurchased | $18M | $36M | $1M | · | · | · | · | · | · | · | · | |
| Net Stock Activity | $-18M | $-36M | · | · | · | $5.0K | · | · | · | · | · | |
| Dividends Paid | $77M | $50M | $118M | $24M | · | · | $26M | $138M | $181M | · | · | |
| Financing Cash Flow | $-135M | $-237M | $-204M | $-146M | · | $210M | $-296M | $-360M | $-351M | · | · | |
| Net Change in Cash | $-852.0K | $31M | $-19M | $-94M | · | $63M | $2M | $-11M | $3M | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | · | · | · | · | · | 25.1% | 24.7% | 26.3% | |
| Net Margin | 23.5% | 11.4% | · | -16.6% | · | -51.2% | · | -9.2% | 13.0% | 16.8% | 9.8% | |
| EBITDA Margin | 28.6% | 27.3% | · | 45.5% | · | 37.3% | · | 33.2% | 57.3% | 53.1% | 54.7% | |
| ROA | 5.0% | 2.3% | · | -3.3% | · | -6.5% | · | -1.4% | 2.1% | 2.8% | 1.6% | |
| ROE | 38.9% | 17.8% | · | -24.4% | · | -44.1% | · | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.0 | · | · | 0.2 | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | 1.1 | 1.2 | 1.2 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | · | 0.1 | · | 0.2 | 0.2 | 0.2 | 0.2 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $12.37 | $10.54 | · | $11.66 | $19.07 | $2.71 | · | · | · | · | · | |
| Revenue / Share | $18.75 | $16.65 | · | $18738.30 | · | · | · | · | · | · | · | |
| Cash Flow / Share | $8.10 | $6.53 | · | $6930.51 | · | · | · | · | · | · | · | |
| Cash / Share | $1.39 | $1.33 | · | $1.41 | $8.16 | $0.31 | · | · | · | · | · | |
| Dividend / Share | · | · | · | · | · | · | $0.07 | $0.68 | $995.00 | · | · | |
| Dividend Paid / Share | · | · | · | · | · | $0.00 | · | · | · | · | · | |
| EPS (TTM) | $4.34 | $1.87 | $0.17 | $-3.20 | · | $-1.75 | $0.45 | $0.45 | $0.44 | $0.75 | $0.34 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 12.2% | -3.7% | -4.9% | 20.3% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 0.90% | 3.3% | -2.4% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 0.09% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 132.1% | 1000.0% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 130.6% | 800.9% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $578M | $516M | $535M | $563M | $550M | $576M | $769M | $859M | $927M | $1.03B | $1.06B | |
| Net Income TTM | $136M | $59M | $7M | $-93M | $-122M | $-295M | $-109M | $-79M | $121M | $173M | $103M | |
| Market Cap | $1.12B | $903M | · | $733M | $648M | · | · | · | · | · | · | |
| Enterprise Value | $1.08B | · | · | $759M | · | · | · | · | · | · | · | |
| P/E | 8.5 | 15.7 | 143.6 | -7.2 | · | · | · | · | · | · | · | |
| P/S | 1.9 | 1.8 | · | 1.3 | 1.2 | · | · | · | · | · | · | |
| P/B | 3.0 | 2.8 | · | 2.0 | 1.6 | · | · | · | · | · | · | |
| P / Tangible Book | 3.0 | 2.8 | 2.3 | 2.0 | 1.6 | · | · | · | · | · | · | |
| P / Cash Flow | 4.5 | 4.5 | · | 3.5 | · | · | · | · | · | · | · | |
| EV / EBITDA | 6.6 | · | · | 3.0 | · | · | · | · | · | · | · | |
| EV / Revenue | 1.9 | · | · | 1.3 | · | · | · | · | · | · | · | |
| Dividend Yield | 6.9% | 5.6% | · | 3.2% | · | · | · | · | · | · | · | |
| Earnings Yield | 11.7% | 6.4% | 0.70% | -13.9% | · | · | · | · | · | · | · | |
| Payout Ratio | 56.7% | 85.4% | · | -25.5% | · | · | · | · | · | · | · | |
| Annual Payout | $77M | $50M | $118M | $24M | · | · | $26M | $138M | $181M | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $146M | $146M | $156M | $139M | $141M | $142M | $132M | $125M | $130M | $129M | $140M | $129M | $130M | $136M | $150M | $136M | |
| SG&A Expense | $15M | $19M | $15M | $18M | $15M | $21M | $17M | $15M | $15M | $20M | $14M | $14M | $16M | $19M | $16M | $15M | |
| Operating Expenses | $102M | $111M | $106M | $109M | $105M | $121M | $92M | $93M | $96M | $102M | $102M | $102M | $112M | $124M | $127M | $124M | |
| Interest Expense | · | · | · | · | · | · | · | $39M | $39M | $40M | · | $43M | $44M | $44M | · | $38M | |
| Other Non-op | $2M | $12M | $-2M | $45M | $-33M | $-12M | $-2M | $-16M | $-29M | $-27M | $-25M | $-14M | $-41M | $-12M | $-18M | $-30M | |
| Income Tax | $642.0K | $-1M | $529.0K | $48.0K | $369.0K | $-471.0K | $199.0K | $364.0K | $650.0K | $-158.0K | $-487.0K | $1M | $219.0K | $-101.0K | $328.0K | $2M | |
| Net Income | $46M | $46M | $49M | $75M | $3M | $9M | $38M | $16M | $5M | $50.0K | $12M | $13M | $-21M | $2M | $3M | $-14M | |
| EPS (Basic) | $1.50 | $1.50 | $1.62 | $2.44 | $0.08 | $0.27 | $1.22 | $0.52 | $0.14 | $-0.01 | $0.37 | $0.41 | $-0.67 | $0.06 | $0.06 | $-0.47 | |
| EPS (Diluted) | $1.47 | $1.48 | $1.61 | $2.38 | $0.08 | $0.27 | $1.22 | $0.52 | $0.14 | $-0.01 | $0.37 | $0.41 | $-0.67 | $0.06 | $0.06 | $-0.47 | |
| Shares (Basic) | 30,221,000 | 30,184,000 | · | 30,406,000 | 30,456,000 | 30,419,000 | · | 30,756,000 | 31,150,000 | 31,546,000 | · | 31,305 | 31,313 | 31,304 | · | 30,973 | |
| Shares (Diluted) | 30,936,000 | 30,680,000 | · | 31,313,000 | 30,742,000 | 30,709,000 | · | 30,756,000 | 31,156,000 | 31,546,000 | · | 31,305 | 31,313 | 31,369 | · | 30,973 | |
| EBITDA | $36M | $38M | · | $40M | $40M | $46M | · | $32M | $39M | $38M | · | $45M | $50M | $53M | · | $61M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $101M | $123M | $42M | $53M | $100M | $30M | $41M | $65M | $58M | $60M | $34M | $35M | $25M | $23M | $45M | $86M | |
| Total Assets | $2.64B | $2.65B | $2.73B | $2.73B | $2.60B | $2.62B | $2.75B | $2.25B | $2.32B | $2.34B | · | $2.44B | $2.48B | $2.52B | · | $2.73B | |
| Total Liabilities | $2.21B | $2.26B | $2.36B | $2.39B | $2.33B | $2.34B | $2.43B | $1.95B | $2.02B | $2.03B | · | $2.11B | $2.15B | $2.16B | · | $2.29B | |
| Long-term Debt | $2.03B | $2.08B | $2.17B | $2.18B | $2.14B | $2.15B | $2.21B | $1.78B | $1.85B | $1.86B | · | $1.90B | $1.94B | $1.95B | · | $2.02B | |
| Total Debt | $1.96B | $2.10B | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $31.0K | $31.0K | $30.0K | $31.0K | $31.0K | $31.0K | $31.0K | $31.0K | $32.0K | $32.0K | · | $32.0K | $32.0K | $32.0K | · | $32.0K | |
| Paid-in Capital | $686M | $684M | $687M | $699M | $699M | $695M | $695M | $705M | $709M | $717M | · | $718M | $715M | $712M | · | $709M | |
| Retained Earnings | $-259M | $-286M | $-313M | $-348M | $-410M | $-400M | $-372M | $-398M | $-401M | $-393M | · | $-380M | $-382M | $-349M | · | $-264M | |
| AOCI | $-48.0K | $100.0K | $443.0K | $406.0K | $-12.0K | $307.0K | $782.0K | $645.0K | $643.0K | $726.0K | · | $957.0K | $339.0K | $-524.0K | · | $274.0K | |
| Stockholders' Equity | $427M | $398M | $375M | $351M | $289M | $295M | $324M | $308M | $309M | $324M | · | $338M | $334M | $363M | · | $445M | |
| Liabilities + Equity | $2.64B | $2.65B | $2.73B | $2.73B | $2.60B | $2.62B | $2.75B | $2.25B | $2.32B | $2.34B | · | $2.44B | $2.48B | $2.52B | · | $2.73B | |
| Shares Outstanding | 30,942,757 | 30,944,758 | 30,322,052 | 30,784,118 | 30,935,677 | 30,935,677 | 30,711,227 | 31,249,272 | 31,551,142 | 32,033,939 | · | 32,014,631 | 32,054,421 | 32,060,922 | · | 31,834,178 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $36M | $38M | $40M | $40M | $40M | $46M | $32M | $32M | $39M | $38M | $42M | $45M | $50M | $53M | $62M | $61M | |
| Stock-based Comp | $2M | $2M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Deferred Tax | $-827.0K | $3M | $-264.0K | $-1M | $-1M | $3M | $-548.0K | $-1M | $-1M | $1M | $365.0K | $-809.0K | $-1M | $225.0K | $2M | $358.0K | |
| Other Non-cash | · | $-37M | · | · | · | $-29M | · | · | · | $-12M | · | · | · | $-26M | · | · | |
| Operating Cash Flow | $80M | $53M | $80M | $70M | $68M | $32M | $46M | $61M | $64M | $31M | $49M | $50M | $51M | $33M | $54M | $66M | |
| Investing Cash Flow | $-32M | $83M | $-41M | $-172M | $47M | $51M | $7M | $45M | $-14M | $27M | $-16M | $-8M | $-4M | $30M | $-265M | $105M | |
| Stock Repurchased | $0 | $1M | $14M | $4M | $0 | $0 | $13M | $8M | $11M | $5M | $283.0K | · | · | · | · | · | |
| Net Stock Activity | · | $-1M | · | · | · | · | · | · | · | $-5M | · | · | · | · | · | · | |
| Dividends Paid | $25M | $14M | $14M | $14M | $12M | $37M | $12M | $13M | $13M | $13M | $12M | $12M | $12M | $82M | $8M | · | |
| Financing Cash Flow | $-59M | $-76M | $-48M | $60M | $-34M | $-114M | $-41M | $-106M | $-36M | $-53M | $-30M | $-36M | $-28M | $-110M | $-32M | $-45M | |
| Net Change in Cash | $-10M | $60M | $-9M | $-43M | $81M | $-31M | $12M | $230.0K | $14M | $4M | $3M | $6M | $19M | $-47M | $-27M | $-90M |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 31.7% | 31.9% | · | 54.2% | 2.0% | 6.2% | · | 13.0% | 3.7% | 0.04% | · | 10.2% | -16.0% | 1.7% | · | -10.5% | |
| EBITDA Margin | 24.8% | 26.1% | · | 28.6% | 28.2% | 32.1% | · | 25.8% | 29.8% | 29.5% | · | 34.9% | 38.3% | 39.1% | · | 44.8% | |
| ROA | 1.8% | 1.8% | · | 3.0% | 0.11% | 0.35% | · | 0.69% | 0.20% | 0.00% | · | 0.51% | -0.79% | 0.08% | · | -0.41% | |
| ROE | 13.0% | 13.4% | · | 22.9% | 0.92% | 2.8% | · | 5.0% | 1.5% | 0.01% | · | 3.4% | -5.2% | 0.52% | · | -3.2% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.6 | 5.3 | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.0 | 0.1 | · | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $13.81 | $12.86 | · | $11.42 | $9.35 | $9.54 | · | $9.87 | $9.79 | $10.12 | · | $10.57 | $10.42 | $11.31 | · | $13.99 | |
| Revenue / Share | $4.73 | $4.76 | · | $4.45 | $4.58 | $4.62 | · | $4067.14 | $4161.80 | $4092.98 | · | $4131.96 | $4147.38 | $4346.93 | · | $4399.96 | |
| Cash Flow / Share | · | $1.72 | · | · | · | $1.03 | · | · | · | $974.39 | · | · | · | $1057.57 | · | · | |
| Cash / Share | $3.27 | $3.97 | · | $1.71 | $3.24 | $0.96 | · | $2.08 | $1.83 | $1.88 | · | $1.08 | $0.78 | $0.70 | · | $2.69 | |
| Dividend Paid / Share | · | · | $0.45 | $0.45 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.38 | $0.38 | $0.38 | $0.38 | $0.25 | $0.25 | |
| EPS (TTM) | $6.94 | $5.55 | · | $3.95 | $2.09 | $2.15 | · | $1.02 | $0.91 | $0.10 | · | $-0.14 | $-1.02 | $-1.69 | · | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $588M | $583M | · | $554M | $539M | $528M | · | $524M | $528M | $528M | · | $545M | $552M | $559M | · | · | |
| Net Income TTM | $217M | $174M | · | $125M | $66M | $68M | · | $33M | $30M | $4M | · | $-2M | $-30M | $-51M | · | · | |
| Market Cap | $1.64B | $1.19B | · | $941M | $785M | $822M | · | $787M | $738M | $734M | · | $672M | $706M | $822M | · | $815M | |
| Enterprise Value | $3.50B | $3.17B | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P/E | 7.6 | 6.9 | · | 7.7 | 12.1 | 12.4 | · | 24.7 | 25.7 | 229.1 | · | -149.9 | -21.6 | -15.2 | · | · | |
| P/S | 2.8 | 2.0 | · | 1.7 | 1.5 | 1.6 | · | 1.5 | 1.4 | 1.4 | · | 1.2 | 1.3 | 1.5 | · | · | |
| P/B | 3.8 | 3.0 | · | 2.7 | 2.7 | 2.8 | · | 2.6 | 2.4 | 2.3 | · | 2.0 | 2.1 | 2.3 | · | 1.8 | |
| P / Tangible Book | 3.8 | 3.0 | · | 2.7 | 2.7 | 2.8 | · | 2.6 | 2.4 | 2.3 | · | 2.0 | 2.1 | 2.3 | · | 1.8 | |
| P / Cash Flow | · | 22.5 | · | · | · | 26.0 | · | · | · | 23.9 | · | · | · | 24.8 | · | · | |
| EV / Revenue | 6.0 | 5.4 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend Yield | 4.0% | 4.5% | · | 8.0% | 9.5% | 9.1% | · | 6.4% | 6.7% | 6.7% | · | 17.0% | · | · | · | 3.2% | |
| Earnings Yield | 13.1% | 14.4% | · | 12.9% | 8.2% | 8.1% | · | 4.0% | 3.9% | 0.44% | · | -0.67% | -4.6% | -6.6% | · | · | |
| Payout Ratio | · | 29.9% | · | · | · | 422.4% | · | · | · | 25740.0% | · | · | · | 3632.5% | · | · | |
| Annual Payout | $66M | $54M | · | $76M | $74M | $75M | · | $50M | $50M | $49M | · | $114M | · | · | · | $26M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $578M | $516M | $535M | $563M | · |
| Net Income | $136M | $59M | $7M | $-93M | · |
| Diluted EPS | $4.34 | $1.87 | $0.17 | $-3.20 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | · | · | 0.2 | · |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 239 filers · $1.3B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
239
Value held
$1.3B
New positions
55
Exited positions
18
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 55 (+26 vs prior Q) | 18 (-1 vs prior Q) | 90 (+5 vs prior Q) | 45 (-4 vs prior Q) | +1.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| CANYON CAPITAL ADVISORS LLC | $393,731,048 | 7,416,294 | 30.08% | Shares |
| BlackRock, Inc. | $108,836,475 | 2,050,037 | 8.31% | Shares |
| VANGUARD GROUP INC | $62,592,752 | 1,691,696 | 4.78% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $47,278,185 | 890,529 | 3.61% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $41,811,667 | 787,562 | 3.19% | Shares |
| STATE STREET CORP | $34,730,310 | 654,178 | 2.65% | Shares |
| Taconic Capital Advisors LP | $31,765,445 | 598,332 | 2.43% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $30,306,441 | 570,758 | 2.32% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $24,080,615 | 453,581 | 1.84% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $22,403,874 | 421,998 | 1.71% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $21,901,271 | 412,531 | 1.67% | Shares |
| PRUDENTIAL FINANCIAL INC | $20,576,463 | 387,577 | 1.57% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $19,416,374 | 365,726 | 1.48% | Shares |
| FIRST MANHATTAN CO. LLC. | $18,813,981 | 354,379 | 1.44% | Shares |
| JPMORGAN CHASE & CO | $18,178,229 | 341,247 | 1.39% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $16,661,075 | 313,827 | 1.27% | Shares |
| MARSHALL WACE, LLP | $16,203,333 | 305,205 | 1.24% | Shares |
| Nuveen, LLC | $13,398,384 | 252,372 | 1.02% | Shares |
| Allianz Asset Management GmbH | $13,385,794 | 252,134 | 1.02% | Shares |
| MACKENZIE FINANCIAL CORP | $13,362,700 | 251,699 | 1.02% | Shares |
| FIRST TRUST ADVISORS LP | $13,114,504 | 247,024 | 1.00% | Shares |
| CITADEL ADVISORS LLC | $11,309,975 | 213,034 | 0.86% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $11,306,871 | 212,972 | 0.86% | Shares |
| TUDOR INVESTMENT CORP ET AL | $10,995,258 | 207,106 | 0.84% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $10,569,582 | 199,088 | 0.81% | Shares |
| Bank of New York Mellon Corp | $10,001,616 | 188,390 | 0.76% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $9,932,980 | 187,097 | 0.76% | Shares |
| GOLDMAN SACHS GROUP INC | $9,623,146 | 181,261 | 0.74% | Shares |
| MORGAN STANLEY | $9,587,875 | 180,596 | 0.73% | Shares |
| NORTHERN TRUST CORP | $9,287,352 | 174,936 | 0.71% | Shares |
| Alpha Wave Global, LP | $8,493,126 | 159,976 | 0.65% | Shares |
| Beverly Hills Private Wealth, LLC | $8,076,287 | 152,124 | 0.62% | Shares |
| TWO SIGMA INVESTMENTS, LP | $6,812,296 | 128,316 | 0.52% | Shares |
| REDWOOD CAPITAL MANAGEMENT, LLC | $6,244,074 | 117,613 | 0.48% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $6,220,237 | 117,164 | 0.48% | Shares |
| Qube Research & Technologies Ltd | $6,031,449 | 113,608 | 0.46% | Shares |
| Arbiter Partners Capital Management LLC | $5,799,764 | 109,244 | 0.44% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $5,734,145 | 108,008 | 0.44% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $5,680,099 | 106,990 | 0.43% | Shares |
| D. E. Shaw & Co., Inc. | $5,648,033 | 106,386 | 0.43% | Shares |
| AMERIPRISE FINANCIAL INC | $5,499,166 | 103,582 | 0.42% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $5,244,974 | 98,794 | 0.40% | Shares |
| BANK OF AMERICA CORP /DE/ | $5,031,180 | 94,767 | 0.38% | Shares |
| Caption Management, LLC | $4,615,910 | 86,945 | 0.35% | Shares |
| Beacon Pointe Advisors, LLC | $4,608,425 | 86,804 | 0.35% | Shares |
| WELLS FARGO & COMPANY/MN | $4,399,144 | 82,862 | 0.34% | Shares |
| Man Group plc | $4,350,088 | 81,938 | 0.33% | Shares |
| MILLENNIUM MANAGEMENT LLC | $4,192,570 | 78,971 | 0.32% | Shares |
| HSBC HOLDINGS PLC | $4,089,833 | 77,123 | 0.31% | Shares |
| Point72 Asset Management, L.P. | $4,086,072 | 76,965 | 0.31% | Shares |
Activists & 5%+ owners 12 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| AMSTER LIMITED PARTNERSHIP, Amster Howard, HOWARD AMSTER 2005 CHARITABLE REMAINDER UNITRUST U/A DTD 01/11/2005, HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 05/20/2019, HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #7 U/A DTD 05/20/2019, HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 08/10/2021, HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 11/23/2021, HOWARD AMSTER 2022 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 03/09/2022, HOWARD AMSTER FOUNDATION, LAUGHLIN HOLDINGS LLC, NEWAX INC., PLEASANT LAKE APARTMENTS CORP, PLEASANT LAKE APARTMENTS LIMITED PARTNERSHIP, PLEASANT LAKE SKOIEN INVESTMENTS LLC, RAMAT SECURITIES LTD | Aug. 28, 2026 | 7.80% | Amendment | · | SEC |
| Canyon Capital Advisors LLC, Mitchell R. Julis, Joshua S. Friedman ×6 filings | May 26, 2026 | 24.00% | Amendment | · | SEC |
| HOWARD AMSTER, PLEASANT LAKE KOIEN INVESTMENTS LLC, PLEASANT LAKE APTS. LIMITED PARTNERSHIP, HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 05/20/2019, HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #7 U/A DTD 05/20/2019, AMSTER LIMITED PARTNERSHIP, HOWARD AMSTER 2021 CHARITABLE REMAINDER TRUST #1 U/A DTD 08/10/2021, LAUGHLIN HOLDINGS LLC, RAMAT SECURITIES LTD LLC, HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 11/23/2021, PLEASANT LAKE APARTMENTS CORP., HOWARD AMSTER 2022 CHARITABLE REMAINDER UNITRUST #1 U/A 03/09/2022, HOWARD M. AMSTER FOUNDATION, HOWARD M AMSTER 2005 CHARITABLE REMAINDER UNITRUST U/A DTD 01/11/2005, NewAx Inc., SAMUEL J HELLER TRUST U/A DTD 08/07/2002 ×2 filings | Oct. 22, 2024 | · | Initial filing | · | SEC |
| Strategic Value Partners, LLC, Victor Khosla, SVP Capital Solutions LLC, Strategic Value Capital Solutions Offshore Fund, L.P., Strategic Value Capital Solutions Fund, L.P., Strategic Value Sullivan Offshore Fund, L.P., SVP Special Situations III-A LLC, Strategic Value Opportunities Fund, L.P., Strategic Value Special Situations Offshore Fund IV, L.P., Strategic Value Special Situations Fund IV, L.P., SVP Special Situations IV LLC, Strategic Value Special Situations Offshore Fund V, L.P., Strategic Value Special Situations Fund V, L.P., SVP Special Situations V LLC, Strategic Value Excelsior Fund, L.P., SVP Excelsior Management LLC ×5 filings | Oct. 1, 2024 | · | Initial filing | · | SEC |
| OCM Xb CBL-E Holdings, LLC, Oaktree Fund GP, LLC, Oaktree Fund GP I, L.P., Oaktree Capital I, L.P., OCM Holdings I, LLC, Oaktree Holdings, LLC, Oaktree Capital Group, LLC, Oaktree Capital Group Holdings GP, LLC, Brookfield Asset Management Inc., BAM Partners Trust | April 22, 2022 | · | Initial filing | Passive investment | SEC |
| Oaktree Value Opportunities Fund Holdings, L.P., Oaktree Value Opportunities Fund GP, L.P., Oaktree Value Opportunities Fund GP Ltd., OCM Xb CBL-E Holdings, LLC, Oaktree Fund GP, LLC, Oaktree Fund GP I, L.P., Oaktree Capital I, L.P., OCM Holdings I, LLC, Oaktree Holdings, LLC, Oaktree Capital Management, L.P., Oaktree Capital Management GP, LLC, Atlas OCM Holdings, LLC, Oaktree Capital Group, LLC, Oaktree Capital Group Holdings GP, LLC, Wells Street Global Partners LP, Brookfield Public Securities Group LLC, Brookfield Public Securities Group Holdings LLC, Brookfield US Inc., Brookfield US Holdings Inc., Brookfield Holdings Canada Inc., Brookfield Asset Management Inc., BAM Partners Trust ×2 filings | Feb. 11, 2022 | · | Initial filing | Passive investment | SEC |
| Exeter Capital Investors, L.P. I.R.S. I.D. No., Exeter Capital GP LLC I.R.S. I.D. No., WEM Exeter LLC I.R.S. I.D. No., Michael L. Ashner I.R.S. I.D. No. ×6 filings | Aug. 27, 2021 | · | Initial filing | · | SEC |
| JACOBS REALTY INVESTORS LIMITED PARTNERSHIP ×2 filings | Aug. 8, 2012 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Aug. 6, 2004 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Jan. 9, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | June 24, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Feb. 15, 2001 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 52 insiders · 26 officers · 26 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Stephen D Lebovitz | CEO | Sept. 16, 2026 S | 507,019 | 0 | 2 | $-2,641,581 |
| Benjamin W Jaenicke | EVP - Chief Financial Officer | Sept. 1, 2026 F | 128,639 | 0 | 2 | $-314,983 |
| Farzana K Mitchell | Exec VP - CFO | Dec. 31, 2022 D | 25,846 | 0 | 0 | $0 |
| Michael I Lebovitz | President | Feb. 17, 2026 F | 110,542 | 0 | 0 | $0 |
| CBL & ASSOCIATES PROPERTIES INC | President and Secretary | Nov. 6, 2002 A | 111,276 | 0 | 0 | $0 |
| Kathryn A. Reinsmidt | EVP - Chief Operating Officer | Aug. 18, 2026 S | 138,539 | 0 | 1 | $-1,000,106 |
| Augustus N Stephas | Exec VP & COO | Feb. 22, 2018 F | 153,014 | 0 | 0 | $0 |
| Jennifer Cope | EVP Ops Services & Risk Mgmt | Sept. 24, 2026 S | 24,009 | 0 | 1 | $-351,676 |
| Joseph Khalili | EVP Financial Planning & Anlys | Sept. 22, 2026 S | 23,948 | 0 | 1 | $-366,622 |
| Jeffery V. Curry | Chief Legal Officer & Sec. | Sept. 9, 2026 G | 143,018 | 0 | 2 | $-204,173 |
| Howard B. Grody | Exec VP-Leasing | June 18, 2026 S | 76,311 | 0 | 2 | $-275,148 |
| Andrew Franklin Cobb | Exec VP-Accounting | May 14, 2026 S | 59,622 | 0 | 4 | $-582,499 |
| Alan L. Lebovitz | Executive VP - Management | Feb. 11, 2026 A | 86,125 | 0 | 0 | $0 |
| Charles B Lebovitz | Chairman-Emeritus | March 13, 2023 S | 84,708 | 0 | 0 | $0 |
| Michael C. Harrison Jr. | Executive VP - Operations | Feb. 17, 2021 F | 28,025 | 0 | 0 | $0 |
| Ben S Landress | Exec VP - Management | Feb. 14, 2019 A | 268,760 | 0 | 0 | $0 |
| John N Foy | Vice Chairman | Dec. 12, 2012 F | 964,650 | 0 | 0 | $0 |
| Charles W A Willett JR | Sr VP - Real Estate Finance | May 7, 2012 M | 43,097 | 0 | 0 | $0 |
| Mark D Mancuso | SVP-Community Center Dev | March 26, 2012 M | 39,200 | 0 | 0 | $0 |
| Jerry L Sink | Sr VP - Mall Management | March 26, 2012 M | 32,991 | 0 | 0 | $0 |
| Victoria S Berghel | SVP and General Counsel | Jan. 17, 2012 J | 14,504 | 0 | 0 | $0 |
| Timothy S. Lowe | Senior VP, Development | Dec. 2, 2008 J | 546 | 0 | 0 | $0 |
| Charles H May II | Senior VP - Development | Dec. 2, 2008 J | 8,629 | 0 | 0 | $0 |
| Ronald L Fullam | Sr VP - Development | Dec. 2, 2008 J | 41,145 | 0 | 0 | $0 |
| Eric P Snyder | Sr VP and Director of Leasing | Feb. 6, 2008 A | 447,692 | 0 | 0 | $0 |
| Ronald S Gimple | Sr VP and General Counsel | May 19, 2005 A | 9,015 | 0 | 0 | $0 |
| David Michael Fields | Director | June 5, 2026 S | 18,522 | 0 | 1 | $-172,308 |
| David J Contis | Director | Feb. 11, 2026 A | 117,170 | 0 | 0 | $0 |
| Jeffrey Kivitz | Director | Dec. 15, 2025 A | 17,606 | 0 | 0 | $0 |
| Robert G Gifford | Director | Dec. 15, 2025 A | 20,754 | 0 | 0 | $0 |
| Marjorie L. Bowen | Director | Dec. 15, 2025 A | 33,440 | 0 | 0 | $0 |
| Michael A Torres | Director | Dec. 15, 2025 A | 12,578 | 2 | 0 | $127,375 |
| Kaj Vazales | Director | Jan. 26, 2023 D | 3,143 | 0 | 0 | $0 |
| Jonathan M Heller | Director | Jan. 25, 2023 D | 47,489 | 0 | 0 | $0 |
| Matthew Dominski | Director | Aug. 25, 2021 S | 0 | 0 | 0 | $0 |
| ASHNER MICHAEL L | Director | March 19, 2020 P | 15,250,000 | 0 | 0 | $0 |
| Kathleen M. Nelson | Director | Jan. 6, 2020 A | 187,085 | 0 | 0 | $0 |
| Richard J Lieb | Director | Jan. 6, 2020 A | 168,663 | 0 | 0 | $0 |
| John D Griffith | Director | Jan. 6, 2020 A | 184,238 | 0 | 0 | $0 |
| Carolyn Tiffany | Director | Jan. 6, 2020 A | 33,091 | 0 | 0 | $0 |
| Larry A. Chapman | Director | Jan. 6, 2019 A | 180,551 | 0 | 0 | $0 |
| Gary L Bryenton | Director | Jan. 3, 2019 A | 96,308 | 0 | 0 | $0 |
| Gary J Nay | Director | Jan. 2, 2019 A | 89,897 | 0 | 0 | $0 |
| Thomas J Derosa | Director | Jan. 2, 2015 A | 15,761 | 0 | 0 | $0 |
| Winston W Walker | Director | Jan. 7, 2014 A | 65,586 | 0 | 0 | $0 |
| Leo Fields | Director | Jan. 3, 2011 A | 6,770 | 0 | 0 | $0 |
| Claude M Ballard | Director | Jan. 4, 2010 A | 65,750 | 0 | 0 | $0 |
| Martin J Cleary | Director | April 15, 2009 J | 4,273 | 0 | 0 | $0 |
| SVP Excelsior Management LLC | 10% owner | July 29, 2024 S | 125,270 | 0 | 0 | $0 |
| CBL & ASSOCIATES INC | · | Nov. 1, 2021 A | 1,139 | 0 | 0 | $0 |
| Robert Stephen Tingle | · | Nov. 18, 2008 P | 243 | 0 | 0 | $0 |
| William J Poorvu | · | July 16, 2004 A | 6,072 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 32 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| DIV · Global X Funds | 3.13% | 418,264 NS | July 31, 2026 | N-PORT |
| BLDG · Cambria ETF Trust | 1.42% | 16,311 NS | July 31, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.60% | 132,238 NS | July 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.28% | 65,725 NS | July 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.24% | 63,583 SH | Sept. 11, 2026 | Daily |
| CALF · Pacer Funds Trust | 0.21% | 132,499 NS | July 31, 2026 | N-PORT |
| ROSC · Lattice Strategies Trust | 0.19% | 1,977 NS | July 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.13% | 57,114 NS | July 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.13% | 6,301 | Oct. 1, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.12% | 11,979 NS | July 31, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 8,854 NS | July 31, 2026 | N-PORT |
| USRT · iShares Trust | 0.09% | 69,859 SH | Sept. 11, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 0.07% | 21,254 NS | July 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.07% | 14,749 NS | July 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.07% | 175,695 SH | Sept. 11, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.06% | 20,071 SH | Aug. 19, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 0.06% | 14,621 NS | July 31, 2026 | N-PORT |
| DFGR · Dimensional ETF Trust | 0.05% | 29,668 NS | July 31, 2026 | N-PORT |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.04% | 587,508 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.04% | 18,875 | Oct. 1, 2026 | Daily |
| IWM · iShares Trust | 0.04% | 505,159 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.04% | 8,945 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 107,952 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 1,255 SH | Sept. 9, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 181,257 SH | Aug. 19, 2026 | Daily |
| TILT · FlexShares Trust | 0.00% | 1,580 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 27,142 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 4,982 SH | Sept. 9, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 588,809 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,653 SH | Aug. 19, 2026 | Daily |
| ISCB · iShares Trust | · | 866 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 4,267 SH | Sept. 11, 2026 | Daily |
CBL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 6 analysts
BUY
Median target
$63.00
+15.2%
2 33.3%
Strong Buy
3 50.0%
Buy
1 16.7%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-09-28Mean target $63.00 +15.2%
← Below all targets
Current price $54.70
Low$60.00
Mean$63.00
High$66.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CBL | $1.12B | 8.5 | 12.2% | 23.5% | 38.9% | · |
| UE | $2.42B | 25.9 | 6.1% | 19.8% | 6.8% | · |
| IVT | $2.19B | 19.9 | 9.2% | 37.2% | 6.2% | · |
| NTST | $1.64B | 220.5 | 19.8% | 3.6% | 0.50% | · |
| GTY | $1.64B | 20.3 | 9.0% | 35.7% | 7.7% | · |
| ALX | $1.11B | 39.6 | -5.8% | 13.2% | 22.2% | · |
| BFS | $774M | 28.9 | 7.8% | 12.9% | 11.7% | · |
| FVR | $326M | -67.1 | · | -5.7% | -1.1% | · |
| SITC | · | 1.9 | -55.4% | 143.8% | 41.8% | · |
| RPT | $126M | -46.1 | 65.7% | 9.6% | 0.55% | · |
| SPG | · | 13.1 | 6.7% | 84.3% | 131.6% | · |
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Source: SEC 10-Q filed Aug 7, 2026