CBLCBL & ASSOCIATES PROPERTIES INC
Real Estate Investment Trusts
- Revenue
- $16M
- 13% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $1.9B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear184% of net incomeCash flow under 80% of net income
- Dilutive SBCFired103% of revenueOver 10% of revenue
- Payouts exceed cash flowClear38% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $18M | $19M | $19M | $16M | 13% |
| Net income | −$93M | $7M | $59M | $136M | 131% |
| Operating cash flow | $208M | $184M | $202M | $250M | 23% |
| Stock-based comp | $12M | $13M | $15M | $17M | 12% |
| Buybacks | — | $1M | $36M | $18M | 50% |
| Dividends | $24M | $118M | $50M | $77M | 53% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $72M · 6
- Net
- −$72M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $5M | $10M | 170 | 96 |
| FY2024 | $4M | $9M | 124 | 9387 |
| FY2023 | $5M | $6M | 96 | 89 |
| FY2022 | $11M | $8M | 85 | 80 |
| FY2021 | $10M | $11M | 104 | 107 |