CBL closes Harford Mall land sale to SJC Ventures, has over $30M of mixed-use, multi-family land deals in process
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 106 properties totaling 65.7 million square feet across 25 states, including 64 high quality enclosed, outlet and open-air retail centers and 8 properties managed for third parties. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $515.56M | $535.29M | $563.01M | $576.88M | $575.86M | $768.70M | $858.56M | $927.25M |
| Cost of Revenue | $175.15M | $187.14M | $191.73M | $188.45M | $187.88M | $108.91M | $252.61M | $260.55M |
| Gross Profit | $340.41M | $348.15M | $371.28M | $388.43M | $387.98M | $659.79M | $605.95M | $666.70M |
| Gross Margin | 66.03% | 65.04% | 65.95% | 67.33% | 67.37% | 85.83% | 70.58% | 71.90% |
| Operating Expenses | $208.07M | $254.79M | $324.36M | $52.34M | $269.41M | $792.25M | $704.20M | $434.14M |
| Operating Income | $132.34M | $93.36M | $46.92M | $336.09M | $118.57M | $-132.46M | $-98.26M | $232.56M |
| Operating Margin | 25.67% | 17.44% | 8.33% | 58.26% | 20.59% | -17.23% | -11.44% | 25.08% |
| Net Income | $58.97M | $6.55M | $-93.48M | $-622.17M | $-295.08M | $-108.78M | $-78.57M | $120.94M |
| Net Margin | 11.44% | 1.22% | -16.60% | -107.85% | -51.24% | -14.15% | -9.15% | 13.04% |
| EPS (Basic) | $1.87 | $0.17 | $-3.20 | $-29.95 | $-1.76 | $-0.78 | $-0.83 | $0.52 |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |