Cbl & Associates Properties Inc.
- CBL ยท NYSE
- Real Estate Investment Trusts
- Chattanooga, TN
- 500 employees
- CIK 0000910612
Updated from SEC filings through
Top things to know
Revenue, FY2025$578M+12.2% vs FY2024Employees500As of December 31, 2025
Next earningsNovember 6, 2026Estimated from past filings
Latest 8-KResults of operations and financial conditionFiled November 5, 2026 Executives
-
Stephen D. Lebovitz CEO 4, 2026-09-17 - Benjamin W. Jaenicke EVP - Chief Financial Officer 4, 2026-09-03
- Jeffery V. Curry Chief Legal Officer & Sec. 4, 2026-09-10
- Kathryn A. Reinsmidt EVP - Chief Operating Officer 4, 2026-08-20
- Michael I. Lebovitz President 4, 2026-02-18
- Jennifer Cope EVP Ops Services & Risk Mgmt 4, 2026-09-25
What leadership is saying
“CBL delivered another quarter of excellent operating results, with third quarter same-center NOI growing by 3.8%”
Earnings press release (8-K Ex. 99.1), filed November 5, 2026
Cbl & Associates Properties Inc is a U.S. public company in real estate investment trusts (SIC 6798), headquartered in Chattanooga, TN. It trades as CBL on NYSE. Revenue was $578M in the fiscal year ending December 31, 2025, +12.2% from the year before. It reported about 500 employees. Stephen D. Lebovitz is CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $578M 10-K, 2026-03-03 | $516M 10-K, 2026-03-03 | $535M 10-K, 2026-03-03 | $563M 10-K, 2025-03-03 | $576M 10-K, 2023-03-01 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | $69.0M 10-K, 2026-03-03 | $67.3M 10-K, 2026-03-03 | $64.1M 10-K, 2026-03-03 | $67.2M 10-K, 2025-03-03 | $53.4M 10-K, 2023-03-01 |
| Net income | $136M 10-K, 2026-03-03 | $59.0M 10-K, 2026-03-03 | $6.5M 10-K, 2026-03-03 | -$93.5M 10-K, 2025-03-03 | -$295M 10-K, 2023-03-01 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Stephen D. Lebovitz Chief Executive Officer at CBL Properties | CEO | 4, 2026-09-17 |
| Benjamin W. Jaenicke Executive Vice President - Chief Financial Officer at CBL Properties | EVP - Chief Financial Officer | 4, 2026-09-03 |
| Jeffery V. Curry | Chief Legal Officer & Sec. | 4, 2026-09-10 |
| Kathryn A. Reinsmidt | EVP - Chief Operating Officer | 4, 2026-08-20 |
| Michael I. Lebovitz | President | 4, 2026-02-18 |
| Jennifer Cope | EVP Ops Services & Risk Mgmt | 4, 2026-09-25 |
| Joseph Khalili | EVP Financial Planning & Anlys | 4, 2026-09-23 |
| Howard B. Grody Leasing at CBL Properties | Exec VP-Leasing | 4, 2026-06-22 |
| Andrew Franklin Cobb | Exec VP-Accounting | 4, 2026-05-18 |
| Alan L. Lebovitz | Executive VP - Management | 4, 2026-02-13 |
 David J. Contis | Board member (per proxy) bio: Chairman of the Board | DEF 14A, 2026-04-22 |
| Marjorie L. Bowen | Board member (per proxy) bio: Director | DEF 14A, 2026-04-22 |
What Cbl & Associates Properties Inc does
We are a self-managed, self-administered, fully integrated real estate investment trust ("REIT"). We own, develop, acquire, lease, manage, and operate regional shopping malls, outlet centers, lifestyle centers, open-air centers and other properties. At December 31, 2025, our properties are located in 22 states, but are primarily in the southeastern and midwestern United States. We have elected to be taxed as a REIT for federal income tax purposes.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 30.9 million (as of November 3, 2026) | 10-Q, November 9, 2026 |
|---|---|---|
| Public float | $468M (as of June 30, 2025) | 10-K, March 3, 2026 |
| Latest proxy statement | Meeting May 21, 2026 (filed April 22, 2026) | DEF 14A, April 22, 2026 |
| Auditor | Deloitte & Touche LLP (Atlanta, Georgia) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| September 24, 2026 | Jennifer Cope EVP Ops Services & Risk Mgmt | Sale | 6,763 | $352K | Form 4, September 25, 2026 |
| September 22, 2026 | Joseph Khalili EVP Financial Planning & Anlys | Sale | 6,763 | $367K | Form 4, September 23, 2026 |
| September 16, 2026 | Stephen D. Lebovitz CEO | Sale | 50,000 | $2.6M | Form 4, September 17, 2026 |
| September 3, 2026 | Jeffery V. Curry Chief Legal Officer & Sec. | Sale | 681 | $38K | Form 4, September 8, 2026 |
| August 18, 2026 | Kathryn A. Reinsmidt EVP - Chief Operating Officer | Sale | 17,515 | $1.0M | Form 4, August 20, 2026 |
| June 18, 2026 | Howard B. Grody Exec VP-Leasing | Sale | 5,728 | $275K | Form 4, June 22, 2026 |
| June 5, 2026 | David Michael Fields Director | Sale | 3,592 | $172K | Form 4, June 9, 2026 |
| June 2, 2026 | Benjamin W. Jaenicke EVP - Chief Financial Officer | Sale | 6,500 | $315K | Form 4, June 3, 2026 |
Recent 8-K events
- 8-K filed 2026-11-05
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-11-04
- Item 8.01 Other events
- 8-K filed 2026-08-07
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-26
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-08
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-04-02
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 8.01 Other events
- 8-K filed 2026-03-19
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 8.01 Other events
- 8-K filed 2026-02-17
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-02-13
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-11-07
- Item 2.02 Results of operations and financial condition (earnings release)
Frequently asked questions about Cbl & Associates Properties Inc
- What does Cbl & Associates Properties Inc do?
- In its own words, from Item 1 of its 10-K: "We are a self-managed, self-administered, fully integrated real estate investment trust ("REIT"). We own, develop, acquire, lease, manage, and operate regional shopping malls, outlet centers, lifestyle centers, open-air centers and other properties. At December 31, 2025, our properties are located in 22 states, but are primarily in the southeastern and midwestern United States. We have elected to be taxed as a REIT for federal income tax purposes."
- What is Cbl & Associates Properties Inc's revenue?
- $578M for the fiscal year ending December 31, 2025, from its 10-K filed March 3, 2026.
- Is Cbl & Associates Properties Inc profitable?
- Cbl & Associates Properties Inc reported net income of $136M for the fiscal year ending December 31, 2025.
- How many employees does Cbl & Associates Properties Inc have?
- About 500 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Cbl & Associates Properties Inc?
- Stephen D. Lebovitz, CEO, as named in a 4 filed September 17, 2026.
- Who is the CFO of Cbl & Associates Properties Inc?
- Benjamin W. Jaenicke, EVP - Chief Financial Officer, as named in a 4 filed September 3, 2026.
- Where is Cbl & Associates Properties Inc headquartered?
- Chattanooga, TN.
- What is Cbl & Associates Properties Inc's stock ticker?
- CBL on NYSE.
- What industry is Cbl & Associates Properties Inc in?
- Real Estate Investment Trusts, SIC code 6798.
- What is Cbl & Associates Properties Inc's website?
- cblproperties.com.
- When does Cbl & Associates Properties Inc report earnings next?
- November 6, 2026. This is an estimate from past filing dates, not a confirmed date.
- Is Cbl & Associates Properties Inc a public company?
- Yes. Cbl & Associates Properties Inc files with the SEC under CIK 0000910612 and trades as CBL.
- Who audits Cbl & Associates Properties Inc?
- Deloitte & Touche LLP, Atlanta, Georgia, as named in its latest annual report (10-K).
- How many shares of Cbl & Associates Properties Inc are outstanding?
- 30.9 million shares as of November 3, 2026, from its 10-Q filed November 9, 2026.
- What is Cbl & Associates Properties Inc's public float?
- $468M as of June 30, 2025, as reported on the cover of its 10-K filed March 3, 2026.
- When is Cbl & Associates Properties Inc's annual shareholder meeting?
- May 21, 2026, per its proxy statement (DEF 14A) filed April 22, 2026.
- Have Cbl & Associates Properties Inc insiders traded stock recently?
- Since August 27, 2025, officers and directors reported 13 open-market sales worth about $6.1M and 1 purchase worth about $127K on Forms 4 and 5. The most recent: Jennifer Cope (EVP Ops Services & Risk Mgmt) sold 6,763 shares on September 24, 2026.