Filing Flows › CBL & Associates Properties (CBL) › Q1 2026
CBL & Associates Properties (CBL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
CBL & Associates Properties (CBL) reported revenue of $146M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -7% from the quarter before. Operating margin was 23.8%, net earnings $46.5M (31.8% of revenue).
CBL & Associates Properties, Q1 2026: revenue $146M (+3% year over year), operating margin 23.8%, net earnings $46.5M, operating cash flow $52.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $146M | -7% | +3% |
| Operating profit | $34.7M | -32% | +70% |
| Net earnings | $46.5M | -5% | +429% |
| Operating cash flow | $52.9M | -34% | +67% |
What changed
Revenue was $146.0M in Q1 2026, up 3% year over year and down 7% from the previous quarter.
Operating profit was $34.7M, a 23.8% margin (up 9.3 points year over year). Of the extra revenue versus Q1 2025, 339% reached operating profit, above the 14% margin then. Total costs fell 8% while revenue rose 3%. Net earnings were $46.5M, up 429% year over year. The effective tax rate was -2.7%. Non-operating items added $10.5M, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $52.9M (up 67% year over year), 114% of net earnings. Non-cash charges added back $38.1M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $33.9M.
Questions
What was CBL & Associates Properties' revenue in the first quarter 2026?
CBL & Associates Properties (CBL) reported revenue of $146M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -7% from the quarter before.
Was CBL & Associates Properties profitable in the first quarter 2026?
Operating profit was $34.7M (23.8% of revenue) and net earnings $46.5M.