Filing Flows › CBL & Associates Properties (CBL) › Q1 2025
CBL & Associates Properties (CBL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
CBL & Associates Properties (CBL) reported revenue of $142M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +8% from the quarter before. Operating margin was 14.4%, net earnings $8.8M (6.2% of revenue).
CBL & Associates Properties, Q1 2025: revenue $142M (+10% year over year), operating margin 14.4%, net earnings $8.8M, operating cash flow $31.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $142M | +8% | +10% |
| Operating profit | $20.4M | -48% | -24% |
| Net earnings | $8.8M | -77% | 176× |
| Operating cash flow | $31.7M | -31% | +3% |
What changed
Revenue was $141.8M in Q1 2025, up 10% year over year and up 8% from the previous quarter.
Operating profit was $20.4M, a 14.4% margin (down 6.4 points year over year). Operating profit fell $6.4M even though revenue rose $12.7M versus a year earlier, so costs grew faster than sales. Total costs grew 19% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $8.8M, up 17478% year over year ($8.4M including minority interests, which bore $402K of losses). The effective tax rate was -5.9%.
Operating cash flow was $31.7M (up 3% year over year), 378% of net income including minority interests. Non-cash charges added back $45.5M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $26.2M.
Questions
What was CBL & Associates Properties' revenue in the first quarter 2025?
CBL & Associates Properties (CBL) reported revenue of $142M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +8% from the quarter before.
Was CBL & Associates Properties profitable in the first quarter 2025?
Operating profit was $20.4M (14.4% of revenue) and net earnings $8.8M.