Quarterly ResultMay 8, 2026, 12:46 PM
CBL Properties Q1 Net Income $45.40M, EPS $1.50; Deconsolidation Gain
AI Summary
CBL & Associates Properties reported a significant increase in net income attributable to common shareholders to $45.40 million, or $1.50 per basic share, for Q1 2026, up from $8.21 million, or $0.27 per basic share, in Q1 2025. This improvement was largely driven by a $35.33 million gain on the deconsolidation of Jefferson Mall, which entered receivership. The company also acquired Gateway Mall for $43.76 million and saw total revenues rise to $145.97 million.
Key Highlights
- Net income attributable to common shareholders increased to $45.40 million from $8.21 million YoY.
- Basic earnings per share rose to $1.50 from $0.27 year-over-year.
- Total revenues for the quarter increased to $145.97 million from $141.77 million.
- Recognized a $35.33 million gain on deconsolidation of Jefferson Mall due to receivership.
- Acquired Gateway Mall in Lincoln, NE, for approximately $43.76 million.
- Net cash provided by operating activities was $52.92 million, up from $31.68 million YoY.
- Declared common stock dividends of $19.34 million for the quarter.
Price Impact
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