CBL Properties reported its financial results for the fourth quarter (Q4) and full year (FY) ended December 31, 2025. For Q4 2025, net income attributable to common shareholders was USD 1.56 million, while funds from operations (FFO), a key industry metric, stood at USD 1.91 million. For FY 2025, net income attributable to common shareholders reached USD 4.34 million, and FFO was USD 6.74 million. Total revenues for Q4 2025 amounted to USD 166.61 million, with total expenses at USD 50.01 million. The company’s total portfolio same-center net operating income (NOI) for Q4 2025 was USD 116.61 million, reflecting a 3.3 percentage point increase compared to the prior year period. CBL Properties highlighted its continued focus on strengthening its portfolio through active management, leasing, and strategic reinvestment, noting progress in improving occupancy and rent levels. The company’s portfolio comprises 88 properties totaling 53.9 million square feet across 22 states, including 55 enclosed malls, outlet centers, and lifestyle retail centers, as well as more than 25 open-air centers and other assets.

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