CBL & Associates Properties | 10-Q: FY2025 Q2 Revenue: USD 140.91 M

LB filings
2025.08.06 19:05
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Revenue: As of FY2025 Q2, the actual value is USD 140.91 M.

EPS: As of FY2025 Q2, the actual value is USD 0.08.

EBIT: As of FY2025 Q2, the actual value is USD 35.55 M.

Segment Revenue

  • Malls: Revenue for the three months ended June 30, 2025, was $114.2 million, compared to $120.9 million for the same period in 2024.
  • Outlet Centers: Revenue for the three months ended June 30, 2025, was $8.5 million, compared to $8.3 million for the same period in 2024.
  • Lifestyle Centers: Revenue for the three months ended June 30, 2025, was $12.7 million, compared to $11.8 million for the same period in 2024.
  • Open-Air Centers: Revenue for the three months ended June 30, 2025, was $18.3 million, compared to $18.3 million for the same period in 2024.

Operational Metrics

  • Net Income: For the three months ended June 30, 2025, net income was $2.2 million, compared to $4.3 million for the same period in 2024.
  • Operating Expenses: Total operating expenses for the three months ended June 30, 2025, were $105.4 million, compared to $96.5 million for the same period in 2024.

Cash Flow

  • Net Cash Provided by Operating Activities: For the six months ended June 30, 2025, net cash provided by operating activities was $99.9 million, compared to $95.0 million for the same period in 2024.
  • Net Cash Provided by Investing Activities: For the six months ended June 30, 2025, net cash provided by investing activities was $98.1 million, compared to $12.9 million for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company is focused on improving occupancy, driving rent growth, and transforming property offerings to include a mix of retail, service, dining, entertainment, and non-retail uses. This strategy is supported by reducing overall debt, extending debt maturity schedules, and lowering borrowing costs.
  • Non-Core Business: The company completed the acquisition of four enclosed malls for $178.9 million, representing progress in portfolio optimization by investing in stable, market-dominant malls that generate immediate accretion to free cash flow.
  • Priority: The company aims to enhance shareholder returns, supported by the incremental cash flow growth from acquisitions, and has authorized a 12.5% increase in the regular common dividend to an annualized rate of $1.80 per share.
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