CBLNYSEReal Estate Investment TrustsFiscal year ends December 31
CBL & ASSOCIATES PROPERTIES INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$48.13−1.34 (-2.71%)
Close on Oct 19, 2026
- Market cap
- $1.49B
- P/E (TTM)
- 7.0
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
79.6%
25M of 31M shares
Institutional holders
228
54 new, 18 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
2 buys · 15 sales
Net sold $54.33M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Mitchell R. Julis | 7,416,294 | 24.00% | 13D (active) amendment | May 22, 2026 |
| OCM Xb CBL-E Holdings, LLC | 2,517,577 | 8.21% | 13G (passive) amendment | Dec 31, 2025 |
| Amster Howard | 2,406,467 | 7.80% | 13D (active) amendment | Aug 27, 2026 |
| BlackRock, Inc. | 1,553,993 | 5.10% | 13G (passive) | Dec 31, 2025 |
| Joshua S. Friedman | 0 | 19.70% | 13D (active) amendment | Oct 6, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CBL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Canyon Capital Advisors LLC | 7,416,294 | 23.97% | $393.73M | −1,050,000 | 44.64% |
| BlackRock, Inc. | 2,050,037 | 6.63% | $108.84M | +262,415 | 0.00% |
| Vanguard Portfolio Management LLC | 890,529 | 2.88% | $47.28M | +99,077 | 0.00% |
| Vanguard Capital Management LLC | 787,562 | 2.55% | $41.81M | +113,229 | 0.00% |
| State Street Corp | 654,178 | 2.11% | $34.73M | +13,924 | 0.00% |
| Taconic Capital Advisors LP | 598,332 | 1.93% | $31.77M | −10,000 | 14.97% |
| Geode Capital Management, LLC | 570,758 | 1.84% | $30.31M | +77,333 | 0.00% |
| Charles Schwab Investment Management Inc | 453,581 | 1.47% | $24.08M | +111,352 | 0.00% |
| Lsv Asset Management | 452,163 | 1.46% | $24.01K | +375,863 | 0.04% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 421,998 | 1.36% | $22.40M | +16,166 | 0.03% |
| Arrowstreet Capital, Limited Partnership | 412,531 | 1.33% | $21.90M | −1,589 | 0.01% |
| Prudential Financial Inc | 387,577 | 1.25% | $20.58M | +272,422 | 0.02% |
| Aqr Capital Management LLC | 365,726 | 1.18% | $19.42M | +41,063 | 0.01% |
| First Manhattan Co. LLC. | 354,379 | 1.15% | $18.81M | −12,000 | 0.05% |
| JPMorgan Chase & Co | 341,247 | 1.10% | $18.18M | +183,569 | 0.00% |
| Renaissance Technologies LLC | 313,827 | 1.01% | $16.66M | −5,367 | 0.02% |
| Marshall Wace, Llp | 305,205 | 0.99% | $16.20M | New | 0.01% |
| Allianz Asset Management GmbH | 284,890 | 0.92% | $11.91M | +25,309 | 0.01% |
| Nuveen, LLC | 252,372 | 0.82% | $13.40M | +192,370 | 0.00% |
| Mackenzie Financial Corp | 251,699 | 0.81% | $13.36M | New | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 228 | 25M | 79.6% | 54 / 96 | 47 / 18 | 5M | 4M |
| Q1 2026 | 196 | 24M | 77.2% | 25 / 88 | 51 / 18 | 3M | 1M |
| Q4 2025 | 191 | 24M | 77.9% | 28 / 76 | 56 / 12 | 1M | 1M |
| Q3 2025 | 178 | 24M | 77.9% | 26 / 62 | 57 / 10 | 2M | 2M |
| Q2 2025 | 163 | 24M | 78.5% | 21 / 52 | 66 / 21 | 1M | 1M |
| Q1 2025 | 164 | 24M | 78.6% | 23 / 53 | 52 / 12 | 2M | 2M |
| Q4 2024 | 155 | 24M | 78.2% | 25 / 57 | 49 / 16 | 2M | 4M |
| Q3 2024 | 146 | 26M | 82.6% | 39 / 37 | 41 / 3 | 3M | 2M |
| Q2 2024 | 112 | 26M | 85.4% | 12 / 38 | 36 / 13 | 1M | 1M |
| Q1 2024 | 115 | 26M | 85.0% | 17 / 31 | 35 / 10 | 1M | 1M |
| Q4 2023 | 110 | 26M | 84.4% | 20 / 41 | 26 / 5 | 1M | 0M |
| Q3 2023 | 96 | 25M | 82.1% | 8 / 32 | 32 / 13 | 0M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CBL | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Real Estate Index Fund | 589,375 | 1.90% | $34.60M | 0.05% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 588,809 | 1.90% | $31.26M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 481,659 | 1.56% | $25.57M | 0.03% | Jun 30, 2026 |
| Global X SuperDividend U.S. ETF | 418,264 | 1.35% | $24.56M | 3.13% | Jul 31, 2026 |
| Fidelity Small Cap Index Fund | 206,361 | 0.67% | $12.12M | 0.04% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 181,307 | 0.59% | $9.63M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 175,695 | 0.57% | $9.33M | 0.06% | Jun 30, 2026 |
| Nuveen Quant Small Cap Equity Fund | 165,820 | 0.54% | $9.74M | 0.24% | Jul 31, 2026 |
| Pacer US Small Cap Cash Cows 100 ETF | 132,499 | 0.43% | $7.78M | 0.21% | Jul 31, 2026 |
| First Trust Small Cap Growth AlphaDEX Fund | 132,238 | 0.43% | $7.76M | 0.60% | Jul 31, 2026 |
| Schwab Small-Cap Equity Fund | 117,917 | 0.38% | $6.92M | 1.05% | Jul 31, 2026 |
| Schwab U.S. REIT ETF | 108,896 | 0.35% | $5.24M | 0.05% | May 31, 2026 |
| Vanguard Real Estate Ii Index Fund | 103,487 | 0.33% | $6.08M | 0.06% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 93,755 | 0.30% | $4.51M | 0.03% | May 31, 2026 |
| Dfa Real Estate Securities Portfolio | 83,810 | 0.27% | $4.92M | 0.07% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Stephen D. Lebovitz | CEO, Director | 507,288 | 1.64% | Sep 17, 2026 |
| Jennifer Cope | EVP Ops Services & Risk Mgmt | 24,009 | 0.08% | Sep 25, 2026 |
| Joseph Khalili | EVP Financial Planning & Anlys | 23,948 | 0.08% | Sep 23, 2026 |
| Jeffery V. Curry | Chief Legal Officer & Sec. | 143,018 | 0.46% | Sep 10, 2026 |
| Benjamin W. Jaenicke | EVP - Chief Financial Officer | 128,639 | 0.42% | Sep 3, 2026 |
| Kathryn A. Reinsmidt | EVP - Chief Operating Officer | 138,539 | 0.45% | Aug 20, 2026 |
| Howard B. Grody | Exec VP-Leasing | 76,331 | 0.25% | Jun 22, 2026 |
| Andrew Franklin Cobb | Exec VP-Accounting | 59,673 | 0.19% | May 18, 2026 |
| Michael I. Lebovitz | President | 110,848 | 0.36% | Feb 18, 2026 |
| Alan L. Lebovitz | Executive VP - Management | 86,414 | 0.28% | Feb 13, 2026 |
| David Michael Fields | Director | 18,522 | 0.06% | Jun 9, 2026 |
| David J. Contis | Director | 117,170 | 0.38% | Feb 13, 2026 |
| Michael A. Torres | Director | 16,578 | 0.05% | Dec 17, 2025 |
| Marjorie L. Bowen | Director | 33,440 | 0.11% | Dec 17, 2025 |
| Robert G. Gifford | Director | 20,754 | 0.07% | Dec 17, 2025 |
| Jeffrey Kivitz | Director | 17,606 | 0.06% | Dec 17, 2025 |
| Mitchell R. Julis | – | 7,416,294 | 23.97% | May 26, 2026 |
| Capital Advisors Llc Canyon | – | 8,466,294 | 27.36% | May 26, 2026 |
| Joshua S. Friedman | – | 8,396,293 | 27.13% | May 26, 2026 |
| Oaktree Capital Holdings, LLC | 10% owner | – | – | Dec 9, 2024 |
| Oaktree Capital Group Holdings GP, LLC | 10% owner | 398,396 | 1.29% | Dec 9, 2024 |
| OCM Xb CBL-E Holdings, LLC | 10% owner | 2,983,967 | 9.64% | Dec 9, 2024 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jennifer Cope EVP Ops Services & Risk Mgmt | Sep 24, 2026 | Sale | −6,763 | $52.00 | $351.68K | 24,009 |
| Joseph Khalili EVP Financial Planning & Anlys | Sep 22, 2026 | Sale | −6,763 | $54.21 | $366.62K | 23,948 |
| Stephen D. Lebovitz CEO, Director | Sep 16, 2026 | Sale | −6,867 | $53.47 | $367.18K | 507,019 |
| Stephen D. Lebovitz CEO, Director | Sep 16, 2026 | Sale | −43,133 | $52.73 | $2.27M | 513,886 |
| Jeffery V. Curry Chief Legal Officer & Sec. | Sep 9, 2026 | Gift | −1,800 | – | – | 143,018 |
| Jeffery V. Curry Chief Legal Officer & Sec. | Sep 3, 2026 | Sale | −681 | $55.10 | $37.52K | 144,818 |
| Benjamin W. Jaenicke EVP - Chief Financial Officer | Sep 1, 2026 | Tax withholding | −1,968 | $54.37 | $107.00K | 128,639 |
| Kathryn A. Reinsmidt EVP - Chief Operating Officer | Aug 18, 2026 | Sale | −17,515 | $57.10 | $1.00M | 138,539 |
| Howard B. Grody Exec VP-Leasing | Jun 18, 2026 | Sale | −1,000 | $47.92 | $47.92K | 76,311 |
| Howard B. Grody Exec VP-Leasing | Jun 18, 2026 | Sale | −4,728 | $48.06 | $227.23K | 77,311 |
| David Michael Fields Director | Jun 5, 2026 | Sale | −3,592 | $47.97 | $172.31K | 18,522 |
| Benjamin W. Jaenicke EVP - Chief Financial Officer | Jun 2, 2026 | Sale | −5,974 | $48.45 | $289.44K | 131,133 |
| Benjamin W. Jaenicke EVP - Chief Financial Officer | Jun 2, 2026 | Sale | −526 | $48.57 | $25.55K | 130,607 |
| Mitchell R. Julis – | May 22, 2026 | Sale | −1,050,000 | $46.44 | $48.76M | 7,416,294 |
| Andrew Franklin Cobb Exec VP-Accounting | May 14, 2026 | Sale | −8,099 | $45.80 | $370.93K | 59,673 |
| Andrew Franklin Cobb Exec VP-Accounting | May 14, 2026 | Sale | −51 | $46.31 | $2.36K | 59,622 |
| Jeffery V. Curry Chief Legal Officer & Sec. | Apr 8, 2026 | Gift | −2,476 | – | – | 145,499 |
| Jeffery V. Curry Chief Legal Officer & Sec. | Apr 6, 2026 | Gift | −3,000 | – | – | 147,975 |
| Kathryn A. Reinsmidt EVP - Chief Operating Officer | Feb 17, 2026 | Tax withholding | −1,146 | $35.59 | $40.79K | 157,569 |
| Kathryn A. Reinsmidt EVP - Chief Operating Officer | Feb 17, 2026 | Tax withholding | −1,515 | $36.13 | $54.74K | 156,054 |
| Andrew Franklin Cobb Exec VP-Accounting | Feb 17, 2026 | Tax withholding | −471 | $36.13 | $17.02K | 67,772 |
| Andrew Franklin Cobb Exec VP-Accounting | Feb 17, 2026 | Tax withholding | −409 | $35.59 | $14.56K | 68,243 |
| Michael I. Lebovitz President | Feb 17, 2026 | Tax withholding | −1,515 | $36.13 | $54.74K | 110,542 |
| Michael I. Lebovitz President | Feb 17, 2026 | Tax withholding | −1,146 | $35.59 | $40.79K | 112,057 |
| Joseph Khalili EVP Financial Planning & Anlys | Feb 17, 2026 | Tax withholding | −216 | $35.59 | $7.69K | 30,899 |
| Joseph Khalili EVP Financial Planning & Anlys | Feb 17, 2026 | Tax withholding | −188 | $36.13 | $6.79K | 30,711 |
| Stephen D. Lebovitz CEO, Director | Feb 17, 2026 | Tax withholding | −3,634 | $36.13 | $131.30K | 557,019 |
| Stephen D. Lebovitz CEO, Director | Feb 17, 2026 | Tax withholding | −1,985 | $35.59 | $70.65K | 560,653 |
| Jennifer Cope EVP Ops Services & Risk Mgmt | Feb 17, 2026 | Tax withholding | −216 | $35.59 | $7.69K | 30,960 |
| Jennifer Cope EVP Ops Services & Risk Mgmt | Feb 17, 2026 | Tax withholding | −188 | $36.13 | $6.79K | 30,772 |
| Benjamin W. Jaenicke EVP - Chief Financial Officer | Feb 17, 2026 | Tax withholding | −2,191 | $35.59 | $77.98K | 140,528 |
| Benjamin W. Jaenicke EVP - Chief Financial Officer | Feb 17, 2026 | Tax withholding | −3,421 | $36.13 | $123.60K | 137,107 |
| Howard B. Grody Exec VP-Leasing | Feb 17, 2026 | Tax withholding | −409 | $35.59 | $14.56K | 82,510 |
| Howard B. Grody Exec VP-Leasing | Feb 17, 2026 | Tax withholding | −471 | $36.13 | $17.02K | 82,039 |
| Jeffery V. Curry Chief Legal Officer & Sec. | Feb 17, 2026 | Tax withholding | −1,146 | $35.59 | $40.79K | 152,490 |
| Jeffery V. Curry Chief Legal Officer & Sec. | Feb 17, 2026 | Tax withholding | −1,515 | $36.13 | $54.74K | 150,975 |
| Stephen D. Lebovitz CEO, Director | Feb 11, 2026 | Award | +103,271 | – | – | 485,715 |
| Stephen D. Lebovitz CEO, Director | Feb 11, 2026 | Award | +126,832 | – | – | 612,547 |
| Stephen D. Lebovitz CEO, Director | Feb 11, 2026 | Tax withholding | −49,909 | $36.05 | $1.80M | 562,638 |
| Stephen D. Lebovitz CEO, Director | Feb 11, 2026 | Award | +12,955 | – | – | 382,444 |
| Stephen D. Lebovitz CEO, Director | Feb 11, 2026 | Tax withholding | −2,755 | $36.55 | $100.70K | 369,489 |
| Alan L. Lebovitz Executive VP - Management | Feb 11, 2026 | Award | +10,571 | – | – | 86,125 |
| Alan L. Lebovitz Executive VP - Management | Feb 11, 2026 | Award | +21,605 | – | – | 75,554 |
| Alan L. Lebovitz Executive VP - Management | Feb 11, 2026 | Award | +4,310 | – | – | 53,949 |
| Joseph Khalili EVP Financial Planning & Anlys | Feb 11, 2026 | Award | +8,644 | – | – | 28,101 |
| Joseph Khalili EVP Financial Planning & Anlys | Feb 11, 2026 | Award | +4,228 | – | – | 32,329 |
| Joseph Khalili EVP Financial Planning & Anlys | Feb 11, 2026 | Tax withholding | −1,214 | $36.05 | $43.76K | 31,115 |
| Joseph Khalili EVP Financial Planning & Anlys | Feb 11, 2026 | Award | +2,279 | – | – | 19,457 |
| Joseph Khalili EVP Financial Planning & Anlys | Feb 11, 2026 | Tax withholding | −263 | $36.55 | $9.61K | 17,178 |
| Jennifer Cope EVP Ops Services & Risk Mgmt | Feb 11, 2026 | Tax withholding | −1,215 | $36.05 | $43.80K | 31,176 |
| Jennifer Cope EVP Ops Services & Risk Mgmt | Feb 11, 2026 | Tax withholding | −263 | $36.55 | $9.61K | 17,240 |
| Jennifer Cope EVP Ops Services & Risk Mgmt | Feb 11, 2026 | Award | +2,279 | – | – | 19,519 |
| Jennifer Cope EVP Ops Services & Risk Mgmt | Feb 11, 2026 | Award | +8,644 | – | – | 28,163 |
| Jennifer Cope EVP Ops Services & Risk Mgmt | Feb 11, 2026 | Award | +4,228 | – | – | 32,391 |
| Benjamin W. Jaenicke EVP - Chief Financial Officer | Feb 11, 2026 | Award | +14,293 | – | – | 64,941 |
| Benjamin W. Jaenicke EVP - Chief Financial Officer | Feb 11, 2026 | Award | +77,778 | – | – | 142,719 |
| Benjamin W. Jaenicke EVP - Chief Financial Officer | Feb 11, 2026 | Tax withholding | −1,982 | $36.55 | $72.44K | 50,648 |
| Andrew Franklin Cobb Exec VP-Accounting | Feb 11, 2026 | Award | +21,605 | – | – | 62,336 |
| Andrew Franklin Cobb Exec VP-Accounting | Feb 11, 2026 | Award | +10,571 | – | – | 72,907 |
| Andrew Franklin Cobb Exec VP-Accounting | Feb 11, 2026 | Tax withholding | −4,255 | $36.05 | $153.39K | 68,652 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Capital Advisors LLC Canyon IA to Funds Owning > 20% of Stock | Oct 6, 2026 | 1,307,500 | $68.24M | Oct 6, 2026 | Bankruptcy Restructure |
| Jennifer Cope Officer | Sep 24, 2026 | 6,763 | $364.32K | Sep 24, 2026 | 1,891 shares were acquired on the date indicated through an equity award of restricted stock under the Issuer's registered 2021 Equity Incentive Plan. |
| Joseph Khalili Officer | Sep 22, 2026 | 6,763 | $364.32K | Sep 22, 2026 | 944 shares were acquired on the date indicated through an equity award of restricted stock under the Issuer's registered 2021 Equity Incentive Plan. |
| Stephen D. Lebovitz Officer, Director | Sep 16, 2026 | 50,000 | $2.72M | Sep 16, 2026 | 50,000 shares were acquired through an equity award of performance stock units on the date indicated under the Issuer's registered 2021 Equity Incentive Plan. |
| Kathryn A. Reinsmidt Officer | Aug 18, 2026 | 17,515 | $1.02M | Aug 18, 2026 | 3,448 shares were acquired on the date indicated through an equity award under the Issuer's registered 2021 Equity Incentive Plan. |
| Howard B. Grody Officer | Jun 18, 2026 | 5,728 | $275.75K | Jun 18, 2026 | 4,728 shares were acquired on the date indicated through an equity award under the Issuer's registered 2021 Equity Incentive Plan. |
| David Michael Fields Director | Jun 5, 2026 | 3,592 | $170.55K | Jun 5, 2026 | 187 shares were acquired on the date indicated through an equity award under the Issuer's registered 2021 Equity Incentive Plan. |
| Benjamin W. Jaenicke Officer | Jun 2, 2026 | 6,500 | $314.34K | Jun 2, 2026 | 5,364 shares were acquired on the date indicated through an equity award under the Issuer's registered 2021 Equity Incentive Plan. |
| Capital Advisors Llc Canyon IA to Funds Owning > 25% of Stock | May 22, 2026 | 1,050,000 | $48.76M | May 22, 2026 | Bankruptcy Restructure |
| Andrew Franklin Cobb Officer | May 14, 2026 | 8,150 | $379.55K | May 14, 2026 | 4,217 shares were acquired on the date indicated through equity awards under the Issuer's registered 2021 Equity Incentive Plan |
| Andrew Franklin Cobb Officer | Oct 9, 2025 | 7,368 | $214.85K | Oct 9, 2025 | 156 shares are New Common Stock received on 11/1/2021 under the Issuer's Chapter 11 reorganization, in exchange for old Common Stock acquired through multiple DRIP reinvestments and vesting of equity |
| Jeffery V. Curry Officer | Sep 22, 2025 | 5,000 | $151.75K | Sep 22, 2025 | 235 shares are new Common Stock received on 11/1/2021 under the Issuer's Chapter 11 reorganization, in exchange for old Common Stock acquired through multiple DRIP reinvestments and vesting of equity |
| Benjamin W. Jaenicke Officer | Aug 27, 2025 | 5,000 | $155.75K | Aug 27, 2025 | 5,000 shares were acquired on the date indicated through an equity award under the Issuer's registered 2021 Equity Incentive Plan. |
| David J. Contis Director | Mar 7, 2025 | 5,215 | $156.61K | Mar 7, 2025 | 5,215 shares were acquired on the date indicated through a director equity award under the Issuer's registered 2021 Equity Incentive Plan. |
| Franklin Cobb Andrew Exec. VP-Accounting | Jan 10, 2025 | 6,800 | $200.46K | Jan 10, 2025 | 4,728 shares were acquired on the date indicated through an equity award under the Issuer's registered 2021 Equity Incentive Plan. |