← CBL & ASSOCIATES PROPERTIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.0b |
$927.3m
-9.82%
|
$25.3m
-97.28%
|
$25.2m
-0.28%
|
$18.5m
-26.40%
|
$13.8m
-25.81%
|
$17.9m
+29.77%
|
$535.3m
+2898.80%
|
$515.6m
-3.68%
|
$578.4m
+12.18%
|
$588.1m
+1.69%
|
|
| Rental revenues | — | $343.5m | $311.8m | $277.5m | $554.1m | $450.9m | $542.2m | $514.0m | $493.9m | $559.0m | — | |
| Gains (Losses) on Sales of Investment Real Estate | $29.6m | $93.8m | $19.0m | $16.3m | $4.7m | $12.2m | $5.3m | $5.1m | $16.7m | $74.2m | — | |
| General and Administrative Expense | $63.3m | $58.5m | $61.5m | $64.2m | $53.4m | $43.2m | $67.2m | $64.1m | $67.3m | $69.0m | $66.5m | |
| Amortization of Intangible Assets | $8.7m | $13.3m | $13.3m | $4.5m | $1.5m | $1.2m | $152.2m | $106.0m | $67.0m | $81.9m | — | |
| Operating Lease, Lease Income | — | — | — | $736.9m | $554.1m | $450.9m | $542.2m | $514.0m | $493.9m | $559.0m | — | |
| Operating expenses: | ||||||||||||
| Operating Income (Loss) | $253.6m |
$232.6m
-8.31%
|
— | — | — | — | — | — | — | — | $161.7m | |
| Interest Expense, Debt | — | — | — | — | $30.1m | — | — | — | — | — | $170.4m | |
| Investment Income, Net | $1.5m | $1.7m | $1.9m | $2.8m | $6.4m | $2.1m | $4.9m | $13.2m | $15.7m | $13.2m | — | |
| Gain (Loss) on Investments | $7.5m | ($6.2m) | $0 | $67.2m | — | $55.1m | $36.2m | $47.9m | ($1.5m) | $33.9m | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | $61.8m | ($7.9m) | ($932k) | $304k | $2.3m | $553k | $0 | — | |
| Income (Loss) from Equity Method Investments | $117.5m | $22.9m | $14.7m | $4.9m | ($14.9m) | ($10.8m) | $19.8m | $11.9m | $22.9m | $53.3m | — | |
| Interest and Other Income | $1.5m | $1.7m | $1.9m | $2.8m | $6.4m | $2.1m | $4.9m | $13.2m | $15.7m | $13.2m | — | |
| Other Income | — | — | — | $22.5m | $15.0m | $11.5m | $13.6m | $13.4m | $14.1m | $14.3m | — | |
| Interest Expense (non-operating) | $216.3m | $218.7m | $220.0m | $206.3m | $200.7m | $72.4m | $217.3m | $172.9m | $154.5m | $176.0m | $170.4m | |
| Total other income (expenses), net | — | ($73.6m) | ($183.0m) | ($46.5m) | ($224.7m) | ($450.1m) | ($146.5m) | ($92.5m) | ($74.3m) | ($2.0m) | — | |
| Real Estate Tax Expense | — | — | — | $75.5m | $69.7m | $50.8m | $57.1m | $54.8m | $47.4m | $57.5m | — | |
| Income tax provision | $2.1m | $1.9m | $1.6m | ($3.2m) | ($16.8m) | ($1.1m) | ($3.1m) | ($894k) | ($1.1m) | ($475k) | — | |
| Current Income Tax Expense (Benefit) | ($1.2m) | ($6.5m) | $1.4m | $485k | $2.3m | $1.1m | $2.0m | $2.2m | $2.7m | $464k | ($11k) | |
| Net Income (Loss) Attributable to Parent | $172.9m |
$120.9m
-30.04%
|
($78.6m)
-164.96%
|
($108.8m)
-38.45%
|
($295.1m)
-171.27%
|
($470.6m)
-59.49%
|
($93.5m)
+80.14%
|
$6.5m
+107.00%
|
$59.0m
+800.86%
|
$136.0m
+130.57%
|
$213.9m
+57.29%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $128.0m |
$76.0m
-40.58%
|
($123.5m)
-262.34%
|
($153.7m)
-24.47%
|
($332.5m)
-116.37%
|
($470.6m)
-41.54%
|
($96.0m)
+79.60%
|
$5.4m
+105.66%
|
$57.8m
+963.21%
|
$133.9m
+131.77%
|
$213.9m
+59.74%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | $739k | ($20.7m) | ($13.3m) | ($6.0m) | — | — | — | $213.9m | |
| Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable | — | — | — | ($23.7m) | ($19.8m) | ($2.5m) | ($34k) | $2k | $4k | $21k | — | |
| Earnings Per Share, Basic | $0.75 | $0.44 | ($0.72) | ($0.89) | ($1.75) | ($2.39) | ($3.20) | $0.17 | $1.87 | $4.41 | $7.07 | |
| Earnings Per Share, Diluted | $0.75 | $0.44 | — | — | ($1.75) | — | ($3.20) | $0.17 | $1.87 | $4.34 | $6.94 | |
| Common Stock, Dividends, Per Share, Declared | $0.75 | $0.44 | $0.72 | $75.00 | $1.75 | $2.39 | $3.20 | $0.17 | $1.87 | $4.41 | — | |
| Weighted-average basic shares | $370.5m | $370.4m | $372.1m | — | $190k | — | $30k | $31k | $30.9m | $30.3m | — | |
| Weighted-average diluted shares | $370.7m | $370.4m | $372.1m | — | $190k | — | $30k | $31k | $31.0m | $30.8m | — | |
| Weighted Average Number of Shares Outstanding, Basic | $370.5m | $370.4m | $372.1m | — | $190k | — | 30k | 31k | 30.9m | 30.3m | 30.2m | |
| Weighted Average Number of Shares Outstanding, Diluted | $370.7m | $370.4m | $372.1m | — | $190k | — | 30k | 31k | 31.0m | 30.8m | 30.9m | |
| Additional Financial Items | ||||||||||||
| Cost of Property Repairs and Maintenance | — | — | — | $46.3m | $34.1m | $32.5m | $42.5m | $41.3m | $37.7m | $45.0m | — | |
| Other General Expense | $20.3m | $5.2m | $787k | $91k | $953k | $745k | $834k | $221k | $230k | $57k | — | |
| Management, development and leasing fees | $29.9m | $24.0m | $21.1m | $9.3m | $6.8m | $5.6m | $7.2m | $7.9m | $7.6m | $5.1m | — | |
| Other | $20.3m | $5.2m | ($787k) | ($91k) | ($953k) | ($745k) | ($834k) | ($221k) | ($230k) | ($57k) | — | |
| Property operating | $275.5m | $256.1m | ($244.0m) | ($108.9m) | ($84.1m) | ($72.7m) | ($92.1m) | ($91.0m) | ($90.1m) | ($101.9m) | — | |
| Depreciation and amortization | $292.7m | $299.1m | ($285.4m) | ($257.7m) | ($215.0m) | ($158.6m) | ($256.3m) | ($190.5m) | ($140.6m) | ($165.2m) | $154.3m | |
| Real estate taxes | $180.2m | $167.8m | ($164.6m) | ($75.5m) | ($69.7m) | ($50.8m) | ($57.1m) | ($54.8m) | ($47.4m) | ($57.5m) | — | |
| Maintenance and repairs | $107.2m | $97.2m | ($96.6m) | ($46.3m) | ($34.1m) | ($32.5m) | ($42.5m) | ($41.3m) | ($37.7m) | ($45.0m) | — | |
| Loss on impairment | $116.8m | $71.4m | ($174.5m) | ($239.5m) | ($213.4m) | ($146.8m) | ($252k) | — | ($1.5m) | ($3.2m) | — | |
| Litigation settlement | — | — | — | ($61.8m) | $7.9m | $932k | $304k | $2.3m | $553k | $0 | — | |
| (Loss) gain on extinguishment of debt | $0 | $30.9m | $0 | $71.7m | $32.5m | — | $7.3m | $3.3m | ($819k) | ($217k) | — | |
| Gain on deconsolidation | $7.5m | ($6.2m) | $0 | $67.2m | — | $55.1m | $36.2m | $47.9m | ($1.5m) | $33.9m | — | |
| Gain on consolidation | — | — | — | — | — | — | — | — | $26.7m | $0 | — | |
| Equity in earnings of unconsolidated affiliates | $117.5m | $22.9m | $14.7m | $4.9m | ($14.9m) | ($10.8m) | $19.8m | $11.9m | $22.9m | $53.3m | — | |
| Operating Partnership | ($21.5m) | ($12.7m) | $19.7m | $23.7m | $19.8m | $2.5m | $34k | ($2k) | ($4k) | ($21k) | — | |
| Other consolidated subsidiaries | — | — | — | ($739k) | $20.7m | $13.3m | $6.0m | $3.3m | $1.9m | $1.5m | — | |
| Dividends allocable to unvested restricted stock | — | — | — | — | — | — | ($3) | ($1) | ($1) | ($2) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $195.5m | $157.0m | — | ($131.7m) | ($335.5m) | ($486.4m) | ($99.5m) | $3.2m | — | — | — | |
| Total expenses | — | ($694.7m) | ($774.8m) | ($853.9m) | ($686.7m) | ($504.3m) | ($516.0m) | ($439.6m) | ($384.1m) | ($441.8m) | $220.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.