Filing Flows › CBL & Associates Properties (CBL) › Q2 2025
CBL & Associates Properties (CBL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
CBL & Associates Properties (CBL) reported revenue of $141M for the second quarter 2025 (Q2 2025), +9% from a year earlier and -0.6% from the quarter before. Operating margin was 25.2%, net earnings $2.8M (2.0% of revenue).
CBL & Associates Properties, Q2 2025: revenue $141M (+9% year over year), operating margin 25.2%, net earnings $2.8M, operating cash flow $68.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $141M | -0.6% | +9% |
| Operating profit | $35.5M | +74% | +7% |
| Net earnings | $2.8M | -69% | -42% |
| Operating cash flow | $68.3M | +115% | +6% |
What changed
Revenue was $140.9M in Q2 2025, up 9% year over year and down 1% from the previous quarter.
Operating profit was $35.5M, a 25.2% margin (down 0.4 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, below the 26% margin then. Total costs grew 9% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+10%). Net earnings were $2.8M, down 42% year over year ($2.2M including minority interests, which bore $601K of losses). The effective tax rate was 14.6%.
Operating cash flow was $68.3M (up 6% year over year), 3163% of net income including minority interests. Non-cash charges added back $39.7M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items added $22.1M.
Questions
What was CBL & Associates Properties' revenue in the second quarter 2025?
CBL & Associates Properties (CBL) reported revenue of $141M for the second quarter 2025 (Q2 2025), +9% from a year earlier and -0.6% from the quarter before.
Was CBL & Associates Properties profitable in the second quarter 2025?
Operating profit was $35.5M (25.2% of revenue) and net earnings $2.8M.