CBL & Associates Properties (CBL) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Nov 5, 2026
Q3 2026 Revenue up 7% year over year to $149M · 8¢ of every $1 of revenue kept as net profit · operating margin 8.0%
CBL & Associates Properties made $149M in Q3 2026 (+7% Y/Y): Rental revenues $144M, Other $3.2M, Management, development and leasing fees $1.6M. Operating margin 8.0%, net earnings $11.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 5, 2026 (preliminary, from the earnings release).
Revenue$149M
Year over year+7%
Operating margin8.0%
Net earnings$11.8M
Operating cash flow—
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $148.7M in Q3 2026, up 7% year over year and up 2% from the previous quarter. Rental revenues was the largest line at 97% of revenue. Rental revenues added $9.1M year over year (up 7%), 96% of the total change. Other declined 1%.
Operating profit was $11.8M, a 8.0% margin (down 13.5 points year over year). Operating profit fell $18.0M even though revenue rose $9.4M versus Q3 2025, so costs grew faster than sales. Total costs grew 25% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+34%). Net earnings were $11.8M, down 84% year over year. The effective tax rate was 0.0%.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
8-K
Nov 5, 2026
$149M
+7%
8.0%
$11.8M
—
Q2 2026
10-Q
Aug 7, 2026
$146M
+4%
30.5%
$46.4M
$80.3M
Q1 2026
10-Q
May 8, 2026
$146M
+3%
23.8%
$46.5M
$52.9M
Q4 2025
10-K
Mar 3, 2026
$156M
+19%
32.4%
$49.0M
$80.2M
Q3 2025
10-Q
Nov 7, 2025
$139M
+11%
21.4%
$75.4M
$69.6M
Q2 2025
10-Q
Aug 6, 2025
$141M
+9%
25.2%
$2.8M
$68.3M
Q1 2025
10-Q
May 5, 2025
$142M
+10%
14.4%
$8.8M
$31.7M
Charts
Latest (Q3 2026): Y/Y +7%, Q/Q +2%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q2 2026): Net income $46.3M, Operating cash flow $80.3M.+17681.4% since FY2019: more shares outstanding (issuance, stock pay).Cash $42.3M, short-term investments —, long-term debt $2.2B at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
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💵Where each $1 goesinteractive
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🔄Rotation against the market and its industry (RRG)interactive
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 85 properties totaling 54.8 million square feet across 23 states, including 54 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 20 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com.
In its own words, from its 8-K, filed Aug 7, 2026.
CBL & Associates Properties against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +11%. Operating margin: 8.0% against the peers' median 15.9%.