CBL & Associates Properties Inc (CBL) - Net Assets
Based on the latest financial reports, CBL & Associates Properties Inc (CBL) has net assets worth $340.56 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.73 Billion) and total liabilities ($2.39 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of CBL & Associates Properties Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $340.56 Million |
| % of Total Assets | 12.47% |
| Annual Growth Rate | 1.19% |
| 5-Year Change | -41.41% |
| 10-Year Change | -78.04% |
| Growth Volatility | 35.76 |
CBL & Associates Properties Inc - Net Assets Trend (1993–2024)
This chart illustrates how CBL & Associates Properties Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is CBL & Associates Properties Inc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for CBL & Associates Properties Inc (1993–2024)
The table below shows the annual net assets of CBL & Associates Properties Inc from 1993 to 2024. For live valuation and market cap data, see CBL & Associates Properties Inc (CBL) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $312.86 Million | -5.37% |
| 2023-12-31 | $330.62 Million | -9.95% |
| 2022-12-31 | $367.13 Million | -8.47% |
| 2021-12-31 | $401.10 Million | -24.89% |
| 2020-12-31 | $534.03 Million | +142.07% |
| 2019-12-31 | $220.61 Million | -66.69% |
| 2018-12-31 | $662.37 Million | -0.55% |
| 2017-12-31 | $666.01 Million | -11.86% |
| 2016-12-31 | $755.61 Million | -46.97% |
| 2015-12-31 | $1.42 Billion | -10.24% |
| 2014-12-31 | $1.59 Billion | -0.44% |
| 2013-12-31 | $1.59 Billion | -19.68% |
| 2012-12-31 | $1.99 Billion | +3.05% |
| 2011-12-31 | $1.93 Billion | +35.63% |
| 2009-12-31 | $1.42 Billion | -11.70% |
| 2008-12-31 | $1.61 Billion | -12.61% |
| 2007-12-31 | $1.84 Billion | +69.69% |
| 2006-12-31 | $1.08 Billion | +0.31% |
| 2005-12-31 | $1.08 Billion | +2.60% |
| 2004-12-31 | $1.05 Billion | +25.90% |
| 2003-12-31 | $837.30 Million | +12.97% |
| 2002-12-31 | $741.19 Million | +41.97% |
| 2001-12-31 | $522.09 Million | +20.07% |
| 2000-12-31 | $434.82 Million | +3.56% |
| 1999-12-31 | $419.89 Million | +0.99% |
| 1998-12-31 | $415.78 Million | +25.67% |
| 1997-12-31 | $330.85 Million | +21.28% |
| 1996-12-31 | $272.80 Million | +0.70% |
| 1995-12-31 | $270.90 Million | +29.43% |
| 1994-12-31 | $209.30 Million | -3.46% |
| 1993-12-31 | $216.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CBL & Associates Properties Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 36893300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $31.00K | 0.01% |
| Other Comprehensive Income | $782.00K | 0.24% |
| Other Components | $694.57 Million | 214.67% |
| Total Equity | $323.55 Million | 100.00% |
CBL & Associates Properties Inc Competitors by Market Cap
The table below lists competitors of CBL & Associates Properties Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Appian Corp
NASDAQ:APPN
|
$993.78 Million |
|
Verve Therapeutics Inc
NASDAQ:VERV
|
$994.04 Million |
|
Far Eastern Department Stores Ltd
TW:2903
|
$994.18 Million |
|
Univest Corporation Pennsylvania
NASDAQ:UVSP
|
$994.94 Million |
|
AcadeMedia AB (publ)
ST:ACAD
|
$993.50 Million |
|
Beijing Asiacom Information Technology Co.Ltd
SHE:301085
|
$993.37 Million |
|
Dongfeng Electronic Technology Co Ltd
SHG:600081
|
$992.95 Million |
|
Guangdong LingXiao Pump Industry Co Ltd
SHE:002884
|
$992.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CBL & Associates Properties Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 339,321,000 to 323,546,000, a change of -15,775,000 (-4.6%).
- Net income of 58,970,000 contributed positively to equity growth.
- Dividend payments of 50,357,000 reduced retained earnings.
- Share repurchases of 36,458,000 reduced equity.
- Other comprehensive income increased equity by 172,000.
- Other factors increased equity by 11,898,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $58.97 Million | +18.23% |
| Dividends Paid | $50.36 Million | -15.56% |
| Share Repurchases | $36.46 Million | -11.27% |
| Other Comprehensive Income | $172.00K | +0.05% |
| Other Changes | $11.90 Million | +3.68% |
| Total Change | $- | -4.65% |
Book Value vs Market Value Analysis
This analysis compares CBL & Associates Properties Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.22x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.11x to 4.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $7.23 | $44.14 | x |
| 1994-12-31 | $6.28 | $44.14 | x |
| 1995-12-31 | $7.59 | $44.14 | x |
| 1996-12-31 | $6.50 | $44.14 | x |
| 1997-12-31 | $7.22 | $44.14 | x |
| 1998-12-31 | $9.07 | $44.14 | x |
| 1999-12-31 | $8.27 | $44.14 | x |
| 2000-12-31 | $8.56 | $44.14 | x |
| 2001-12-31 | $10.11 | $44.14 | x |
| 2002-12-31 | $24.43 | $44.14 | x |
| 2003-12-31 | $13.42 | $44.14 | x |
| 2004-12-31 | $16.47 | $44.14 | x |
| 2005-12-31 | $16.67 | $44.14 | x |
| 2006-12-31 | $16.62 | $44.14 | x |
| 2007-12-31 | $13.97 | $44.14 | x |
| 2008-12-31 | $12.00 | $44.14 | x |
| 2009-12-31 | $10.51 | $44.14 | x |
| 2010-12-31 | $9.39 | $44.14 | x |
| 2011-12-31 | $8.52 | $44.14 | x |
| 2012-12-31 | $8.58 | $44.14 | x |
| 2013-12-31 | $8.41 | $44.14 | x |
| 2014-12-31 | $8.26 | $44.14 | x |
| 2015-12-31 | $7.54 | $44.14 | x |
| 2016-12-31 | $35.73 | $44.14 | x |
| 2017-12-31 | $33.35 | $44.14 | x |
| 2018-12-31 | $30.96 | $44.14 | x |
| 2019-12-31 | $26.65 | $44.14 | x |
| 2020-12-31 | $2.80 | $44.14 | x |
| 2021-12-31 | $0.00 | $44.14 | x |
| 2022-12-31 | $12.33 | $44.14 | x |
| 2023-12-31 | $10.84 | $44.14 | x |
| 2024-12-31 | $10.45 | $44.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CBL & Associates Properties Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.44%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 8.49x
- Recent ROE (18.23%) is above the historical average (-7.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 10.83% | 11.72% | 0.17x | 5.49x | $9.02 Million |
| 2007 | 9.68% | 8.57% | 0.13x | 8.80x | $-2.91 Million |
| 2008 | 3.98% | 2.78% | 0.14x | 10.12x | $-47.78 Million |
| 2009 | -1.34% | -1.38% | 0.14x | 6.91x | $-126.78 Million |
| 2010 | 4.78% | 5.80% | 2.16x | 0.38x | $-67.88 Million |
| 2011 | 10.60% | 12.55% | 0.16x | 5.32x | $7.61 Million |
| 2012 | 9.90% | 12.72% | 0.15x | 5.34x | $-1.27 Million |
| 2013 | 6.06% | 8.09% | 0.16x | 4.83x | $-55.29 Million |
| 2014 | 15.58% | 20.66% | 0.16x | 4.69x | $78.49 Million |
| 2015 | 8.04% | 9.80% | 0.16x | 5.04x | $-25.13 Million |
| 2016 | 2.10% | 12.45% | 1.36x | 0.12x | $-482.47 Million |
| 2017 | 2.12% | 13.04% | 1.39x | 0.12x | $-449.54 Million |
| 2018 | -1.47% | -9.15% | 1.29x | 0.12x | $-612.65 Million |
| 2019 | -2.35% | -14.15% | 3.46x | 0.05x | $-571.01 Million |
| 2020 | -55.48% | -51.24% | 0.13x | 8.36x | $-348.27 Million |
| 2021 | -157.04% | -107.85% | 0.20x | 7.44x | $-661.79 Million |
| 2022 | -25.23% | -16.60% | 0.21x | 7.23x | $-130.54 Million |
| 2023 | 1.93% | 1.22% | 0.22x | 7.09x | $-27.39 Million |
| 2024 | 18.23% | 11.44% | 0.19x | 8.49x | $26.62 Million |
Industry Comparison
This section compares CBL & Associates Properties Inc's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $1,262,885,783
- Average return on equity (ROE) among peers: 7.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CBL & Associates Properties Inc (CBL) | $340.56 Million | 10.83% | 7.02x | $993.50 Million |
| Agree Realty Corporation (ADC) | $30.31 Million | 12.32% | 3.00x | $9.19 Billion |
| Acadia Realty Trust (AKR) | $2.22 Billion | 2.77% | 0.79x | $2.90 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $987.20 Million | 6.55% | 0.68x | $1.52 Billion |
| Alexanders Inc (ALX) | $68.67 Million | 34.35% | 8.68x | $1.16 Billion |
| Saul Centers Inc (BFS) | $293.21 Million | 9.12% | 3.07x | $835.15 Million |
| Brixmor Property (BRX) | $2.28 Billion | -5.38% | 3.22x | $8.61 Billion |
| Curbline Properties Corp. (CURB) | $1.91 Billion | 2.08% | 0.29x | $2.82 Billion |
| Essential Properties Realty Trust Inc (EPRT) | $3.57 Billion | 5.68% | 0.62x | $6.59 Billion |
| Four Corners Property Trust Inc (FCPT) | $9.00 Million | 0.36% | 0.33x | $2.77 Billion |
About CBL & Associates Properties Inc
CBL & Associates Properties, Inc. owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's owned and managed portfolio is comprised of 88 properties totaling 53.9 million square feet across 22 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 open-air centers and other … Read more