Company data sheet · CBL & Associates Properties
CBL & Associates Properties: five lost years, and the economy wasn't the reason.
- Industry
- Real Estate Investment Trusts
- Headquarters
- United States
- Ticker
- CBL (NYSE)
- Sources
- SEC filings (1995–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to five straight losses. CBL & Associates Properties earned $0.4 billion in 2015–2017. Then it lost money every year from 2018 to 2022: $1 billion in all. 2023 was its first profit in six years: $0 billion.
- It wasn't the cycle. The losses began in 2018, a year the US economy grew 3.0%. When a company falls while its economy grows, look inside the company first.
- Left behind by its peers. From 2016 to 2025, its revenue shrank 44% in US dollars; the median among 258 large financial companies grew 76%. It outgrew only 4% of them.
- Still smaller than it was. Revenue reached $0.6 billion in 2025, 44% below its 2016 peak of $1 billion.
- Leaders came and went. CBL & Associates Properties filed 37 leadership changes since 2016, more than 94% of large financial companies (the median is 14). The day after each, its shares moved a median 0.1 points against its sector. The news was rarely news.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $1 billion | $0.2 billion | |
| 2017 | $0.9 billion | $0.1 billion | |
| 2018 | $0.9 billion | −$0.1 billion | |
| 2019 | $0.8 billion | −$0.1 billion | |
| 2020 | $0.6 billion | −$0.3 billion | |
| 2021 | $0.5 billion | −$0.5 billion | |
| 2022 | $0.6 billion | −$0.1 billion | |
| 2023 | $0.5 billion | $0 billion | |
| 2024 | $0.5 billion | $0.1 billion | |
| 2025 | $0.6 billion | $0.1 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 73 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (17 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 448 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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