CBL & ASSOCIATES PROPERTIES INC
For the period ended Dec 31, 2025. Filed Mar 3, 2026.
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FY2025 · Filed Mar 3, 2026
CBL$52.54+9.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Schedule III Real Estate and Accumulated Depreciation
le III
| Initial Cost (1) · Gross Carry Amounts at Close of Period | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description /Location · Encumbrances(2) · Land · BuildingsandImprovements · CostsCapitalizedSubsequent toAcquisition · Sales ofOutparcelLand · Fresh StartAdjustments · Land · BuildingsandImprovements · Total (3) · AccumulatedDepreciation(4) · Date ofConstruction / Acquisition | ||||||||||||
| OPERATING PROPERTIES | ||||||||||||
| Alamance Crossing WestBurlington, NC | $18,111 | $8,344 | $19,549 | $240 | $(3,962) | $(11,969) | $6,242 | $5,960 | $12,202 | $(1,776) | 2007 | |
| Arbor PlaceAtlanta (Douglasville), GA | 85,515 | 8,508 | 95,088 | 30,579 | — | (89,396) | 3,050 | 41,729 | 44,779 | (11,265) | 1998-1999 | |
| Ashland Town CenterAshland, KY | 26,400 | 9,237 | 27,235 | 358 | — | — | 9,237 | 27,593 | 36,830 | (528) | 2025 | |
| Brookfield SquareBrookfield, WI | — | 8,996 | 78,533 | 99,692 | (5,208) | (146,235) | 10,284 | 25,494 | 35,778 | (10,355) | 2001 | |
| CBL CenterChattanooga, TN | — | 1,332 | 24,675 | 3,051 | — | (17,030) | 3,081 | 8,947 | 12,028 | (2,391) | 2001 | |
| CBL Center IIChattanooga, TN | — | 22 | 13,648 | 1,796 | — | (9,880) | 965 | 4,621 | 5,586 | (943) | 2008 | |
| CherryVale MallRockford, IL | — | (5) | 11,892 | 64,117 | 56,438 | (1,667) | (113,543) | 5,360 | 11,877 | 17,237 | (5,810) | 2001 |
| CoolSprings CrossingNashville, TN | 17,331 | 2,803 | 14,985 | (2,802) | — | (10,291) | 2,969 | 1,726 | 4,695 | (846) | 1991-1993 | |
| CoolSprings GalleriaNashville, TN | 133,958 | 21,333 | 131,871 | 1,016 | — | — | 21,333 | 132,887 | 154,220 | (7,012) | 2024 | |
| Courtyard at Hickory HollowNashville, TN | 4,485 | 3,314 | 2,771 | 665 | (231) | (1,181) | 1,844 | 3,494 | 5,338 | (770) | 1998 | |
| Cross Creek MallFayetteville, NC | 77,603 | 19,155 | 104,378 | 35,354 | — | (49,534) | 4,372 | 104,981 | 109,353 | (24,391) | 2003 | |
| Dakota Square MallMinot, ND | — | 4,552 | 87,625 | 27,834 | — | (96,630) | 5,179 | 18,202 | 23,381 | (5,386) | 2012 | |
| East Towne MallMadison, WI | — | (5) | 4,496 | 63,867 | 64,356 | (909) | (123,012) | 4,413 | 4,385 | 8,798 | (3,155) | 2002 |
| Eastland MallBloomington, IL | — | 5,746 | 75,893 | (71,144) | (753) | (5,600) | 1,921 | 2,221 | 4,142 | (966) | 2005 | |
| Fayette MallLexington, KY | 101,683 | 25,205 | 84,256 | 114,030 | — | (87,361) | 11,203 | 124,927 | 136,130 | (24,281) | 2001 | |
| Frontier MallCheyenne, WY | — | (5) | 2,681 | 15,858 | 22,658 | (83) | (31,588) | 3,715 | 5,811 | 9,526 | (2,413) | 1984-1985 |
| Frontier SquareCheyenne, WY | 2,863 | 346 | 684 | 1,422 | (86) | 612 | 904 | 2,074 | 2,978 | (409) | 1985 | |
| Gunbarrel PointeChattanooga, TN | 16,358 | 4,170 | 10,874 | 5,798 | — | (5,974) | 8,099 | 6,769 | 14,868 | (1,493) | 2000 | |
| Hamilton CornerChattanooga, TN | 16,533 | 630 | 5,532 | 8,600 | — | (2,368) | 4,981 | 7,413 | 12,394 | (1,552) | 1986-1987 | |
| Hamilton CrossingChattanooga, TN | 11,615 | 4,014 | 5,906 | 7,883 | (1,370) | (5,550) | 5,300 | 5,583 | 10,883 | (1,348) | 1987 | |
| Initial Cost (1) · Gross Carry Amounts at Close of Period | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description /Location · Encumbrances(2) · Land · BuildingsandImprovements · CostsCapitalizedSubsequent toAcquisition · Sales ofOutparcelLand · Fresh StartAdjustments · Land · BuildingsandImprovements · Total (3) · AccumulatedDepreciation(4) · Date ofConstruction / Acquisition | ||||||||||||
| Hamilton PlaceChattanooga, TN | $86,636 | $3,532 | $42,619 | $56,138 | $(2,933) | $(35,984) | $9,091 | $54,281 | $63,372 | $(14,281) | 1986-1987 | |
| Hanes MallWinston-Salem, NC | — | (5) | 17,176 | 133,376 | 54,120 | (1,767) | (147,963) | 13,968 | 40,974 | 54,942 | (10,579) | 2001 |
| Harford AnnexBel Air, MD | 12,982 | 3,117 | 9,718 | 1,368 | — | (2,430) | 3,117 | 8,656 | 11,773 | (1,624) | 2003 | |
| Harford MallBel Air, MD | — | 8,699 | 45,704 | 17,944 | — | (65,736) | 4,582 | 2,029 | 6,611 | (1,069) | 2003 | |
| Jefferson MallLouisville, KY | 48,990 | 13,125 | 40,234 | 28,458 | (521) | (70,099) | 4,625 | 6,572 | 11,197 | (3,222) | 2001 | |
| Kirkwood MallBismarck, ND | — | (5) | 3,368 | 118,945 | 43,794 | (2,394) | (126,278) | 8,114 | 29,321 | 37,435 | (7,570) | 2012 |
| The Landing at Arbor PlaceAtlanta (Douglasville), GA | 5,682 | 7,238 | 14,330 | 2,804 | (2,242) | (18,627) | 1,587 | 1,916 | 3,503 | (526) | 1998-1999 | |
| Laurel Park PlaceLivonia, MI | — | 13,289 | 92,579 | (98,075) | — | (3,630) | 751 | 3,412 | 4,163 | (1,721) | 2005 | |
| Mall del NorteLaredo, TX | — | (5) | 21,734 | 142,049 | 59,937 | (149) | (148,232) | 13,875 | 61,464 | 75,339 | (15,805) | 2004 |
| Mayfaire Town CenterWilmington, NC | — | (5) | 26,333 | 101,087 | 31,893 | — | (107,804) | 7,165 | 44,344 | 51,509 | (11,779) | 2015 |
| Meridian MallLansing, MI | — | 2,797 | 103,678 | 67,092 | — | (150,764) | 9,487 | 13,316 | 22,803 | (4,905) | 1998 | |
| Mesa MallGrand Junction, CO | 30,128 | 8,210 | 35,503 | 115 | — | — | 8,210 | 35,618 | 43,828 | (660) | 2025 | |
| Mid Rivers MallSt. Peters, MO | — | 16,384 | 170,582 | (132,005) | (4,174) | (27,787) | 10,473 | 12,527 | 23,000 | (4,605) | 2007 | |
| Northgate MallChattanooga, TN | — | (5) | 2,330 | 8,960 | 24,933 | (492) | (23,815) | 3,413 | 8,503 | 11,916 | (2,312) | 2011 |
| Northpark MallJoplin, MO | — | 9,977 | 65,481 | 39,417 | — | (99,164) | 7,084 | 8,627 | 15,711 | (4,185) | 2004 | |
| Northwoods MallNorth Charleston, SC | 47,615 | 14,867 | 49,647 | 33,873 | (2,339) | (52,958) | 9,402 | 33,688 | 43,090 | (10,407) | 2001 | |
| Oak Park MallOverland Park, KS | 245,665 | 28,207 | 100,879 | 3,179 | — | — | 28,207 | 104,058 | 132,265 | (4,791) | 2024 | |
| Old Hickory MallJackson, TN | — | 15,527 | 29,413 | (32,387) | (362) | (9,431) | 800 | 1,960 | 2,760 | (829) | 2001 | |
| The Outlet Shoppes at GettysburgGettysburg, PA | 19,438 | 20,779 | 22,180 | (27,176) | (2,394) | (47) | 7,822 | 5,520 | 13,342 | (2,380) | 2012 | |
| The Outlet Shoppes at LaredoLaredo, TX | 31,380 | 11,000 | 97,353 | (62,761) | (2,394) | (26,318) | 3,741 | 13,139 | 16,880 | (2,780) | 2017 | |
| Initial Cost (1) · Gross Carry Amounts at Close of Period | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description /Location · Encumbrances(2) · Land · BuildingsandImprovements · CostsCapitalizedSubsequent toAcquisition · Sales ofOutparcelLand · Fresh StartAdjustments · Land · BuildingsandImprovements · Total (3) · AccumulatedDepreciation(4) · Date ofConstruction / Acquisition | ||||||||||||
| Paddock MallOcala, FL | $33,733 | $10,361 | $38,803 | $171 | $— | $— | $10,361 | $38,974 | $49,335 | $(731) | 2025 | |
| Parkdale Mall and CrossingBeaumont, TX | 49,075 | 22,060 | 29,842 | (4,786) | (874) | (21,766) | 11,364 | 13,112 | 24,476 | (5,698) | 2001 | |
| Parkway PlaceHuntsville, AL | — | 6,364 | 67,067 | 11,437 | — | (43,144) | 10,067 | 31,657 | 41,724 | (8,303) | 2010 | |
| Pearland OfficePearland, TX | — | (5) | — | 7,849 | 2,472 | — | (3,210) | — | 7,111 | 7,111 | (2,175) | 2009 |
| Pearland Town CenterPearland, TX | — | (5) | 16,300 | 108,615 | 25,879 | (857) | (106,531) | 16,896 | 26,510 | 43,406 | (8,199) | 2008 |
| The Plaza at FayetteLexington, KY | 23,108 | 9,531 | 27,646 | 2,609 | — | (28,520) | 2,527 | 8,739 | 11,266 | (4,326) | 2006 | |
| Post Oak MallCollege Station, TX | — | (5) | 3,936 | 48,948 | 17,732 | (327) | (52,738) | 6,028 | 11,523 | 17,551 | (3,960) | 1984-1985 |
| Richland MallWaco, TX | — | (5) | 9,874 | 34,793 | 25,490 | (1,225) | (44,167) | 8,793 | 15,972 | 24,765 | (5,159) | 2002 |
| The Shoppes at Hamilton PlaceChattanooga, TN | 18,905 | 5,837 | 16,326 | 1,506 | — | (10,827) | 5,062 | 7,780 | 12,842 | (2,352) | 2003 | |
| The Shoppes at St. Clair SquareFairview Heights, IL | 16,530 | 8,250 | 23,623 | 739 | (5,044) | (19,688) | 2,783 | 5,097 | 7,880 | (1,136) | 2007 | |
| South County CenterSt. Louis, MO | — | 15,754 | 159,249 | 4,604 | — | (160,681) | 12,871 | 6,055 | 18,926 | (3,415) | 2007 | |
| Southaven Towne CenterSouthaven, MS | — | (5) | 14,315 | 29,380 | 2,853 | — | (27,929) | 10,163 | 8,456 | 18,619 | (2,251) | 2005 |
| Southgate MallMissoula, MT | 19,739 | 7,680 | 18,393 | 148 | — | — | 7,680 | 18,541 | 26,221 | (451) | 2025 | |
| St. Clair SquareFairview Heights, IL | — | 11,027 | 75,620 | 36,121 | — | (82,113) | 8,150 | 32,505 | 40,655 | (8,545) | 1996 | |
| Stroud MallStroudsburg, PA | — | 14,711 | 23,936 | (24,097) | — | (5,698) | 2,942 | 5,910 | 8,852 | (2,736) | 1998 | |
| Sunrise CommonsBrownsville, TX | 8,508 | 1,013 | 7,525 | 1,946 | — | (2,845) | 3,504 | 4,135 | 7,639 | (915) | 2003 | |
| Sunrise MallBrownsville, TX | — | (5) | 11,156 | 59,047 | 18,397 | — | (45,064) | 14,999 | 28,537 | 43,536 | (12,086) | 2003 |
| The TerraceChattanooga, TN | 17,542 | 4,166 | 9,929 | 11,266 | — | (9,404) | 8,982 | 6,975 | 15,957 | (1,821) | 1997 | |
| Turtle Creek MallHattiesburg, MS | — | (5) | 2,345 | 26,418 | 19,063 | — | (26,937) | 3,977 | 16,912 | 20,889 | (6,438) | 1993-1995 |
| Valley View MallRoanoke, VA | — | (5) | 15,985 | 77,771 | 23,972 | — | (89,309) | 9,499 | 18,920 | 28,419 | (5,427) | 2003 |
| Initial Cost (1) · Gross Carry Amounts at Close of Period | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description /Location · Encumbrances(2) · Land · BuildingsandImprovements · CostsCapitalizedSubsequent toAcquisition · Sales ofOutparcelLand · Fresh StartAdjustments · Land · BuildingsandImprovements · Total (3) · AccumulatedDepreciation(4) · Date ofConstruction / Acquisition | ||||||||||||||
| Volusia MallDaytona Beach, FL | $33,165 | $2,526 | $120,242 | $22,168 | $(222) | $(128,334) | $10,856 | $5,524 | $16,380 | $(2,913) | 2004 | |||
| West County CenterDes Peres, MO | 140,024 | 11,634 | 96,736 | 2,587 | — | — | 11,634 | 99,323 | 110,957 | (7,632) | 2024 | |||
| West Towne CrossingMadison, WI | 19,905 | 1,784 | 2,955 | 7,777 | — | 4,227 | 5,831 | 10,912 | 16,743 | (1,846) | 1998 | |||
| West Towne MallMadison, WI | — | (5) | 8,912 | 83,084 | 49,764 | — | (84,533) | 14,623 | 42,604 | 57,227 | (12,322) | 2002 | ||
| WestGate CrossingSpartanburg, SC | 7,600 | 1,082 | 3,422 | 7,924 | — | (5,426) | 2,047 | 4,955 | 7,002 | (1,291) | 1997 | |||
| Westmoreland CrossingGreensburg, PA | — | (5) | 2,898 | 21,167 | 9,614 | — | (23,389) | 3,119 | 7,171 | 10,290 | (5,361) | 2002 | ||
| Westmoreland MallGreensburg, PA | — | (5) | 4,621 | 84,215 | 35,788 | (1,240) | (107,620) | 6,389 | 9,375 | 15,764 | (5,234) | 2002 | ||
| York GalleriaYork, PA | — | 5,757 | 63,316 | 23,430 | — | (84,499) | 1,767 | 6,237 | 8,004 | (3,603) | 1995 | |||
| OUTPARCELS: | — | — | ||||||||||||
| Outparcel properties | 179,493 | 77,013 | 113,160 | 13,984 | (14,077) | 12,440 | 118,673 | 83,847 | 202,520 | (16,454) | Various | |||
| Developments in progress consisting of construction and development properties | — | — | — | 10,533 | — | — | — | 10,533 | 10,533 | — | Various | |||
| TOTAL OPERATING PROPERTIES | $1,608,298 | $701,357 | $3,830,739 | $881,576 | $(60,296) | $(3,121,302) | $601,553 | $1,630,521 | $2,232,074 | $(355,900) | ||||
| DISPOSITIONS: | ||||||||||||||
| 840 Greenbrier CircleChesapeake, VA | $— | $2,096 | $3,091 | $2,127 | $(5,688) | $(1,626) | $— | $— | $— | $— | 2007 | |||
| Annex at MonroevillePittsburgh, PA | — | — | 29,496 | 4,976 | (8,610) | (25,862) | — | — | — | — | 2004 | |||
| Imperial Valley MallEl Centro, CA | — | 35,378 | 71,753 | 34,944 | (50,056) | (92,019) | — | — | — | — | 2012 | |||
| Monroeville MallPittsburgh, PA | — | 22,911 | 177,214 | (100,405) | (63,096) | (36,624) | — | — | — | — | 2004 | |||
| The Promenade D'lbervilleD'lberville, MS | — | 16,278 | 48,806 | 28,766 | (40,337) | (53,513) | — | — | — | — | 2009 | |||
| Total Dispositions | $— | $76,663 | $330,360 | $(29,592) | $(167,787) | $(209,644) | $— | $— | $— | $— | ||||
(1)
Initial cost represents the total cost capitalized including carrying cost at the end of the first fiscal year in which the property opened or was acquired.
(2)
Encumbrances represent the outstanding balance of the mortgage and other indebtedness balance at December 31, 2025, excluding debt discounts, if applicable.
(3)
The aggregate cost of land and buildings and improvements for federal income tax purposes is approximately $6.982 billion.
(4)
Depreciation for all properties is computed over the useful life which is generally 30 years for buildings,10 -20 years for certain improvements and 5 -10 years for equipment and fixtures.
(5)
Encumbered by the secured term loan.
The changes in real estate assets and accumulated depreciation for the years ended December 31, 2025, 2024 and 2023 (in thousands):
| As of December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| REAL ESTATE ASSETS: | |||
| Balance at beginning of period | $2,099,202 | $1,810,145 | $1,800,888 |
| Additions during the period: | |||
| Additions and improvements | 57,776 | 43,514 | 42,267 |
| Acquisitions of real estate assets | 155,423 | 387,110 | — |
| Deductions during the period: | |||
| Disposals, deconsolidations and accumulated depreciation on impairments | (140,197) | (81,590) | (33,010) |
| Transfers from real estate assets | 59,870 | (59,977) | — |
| Balance at end of period | $2,232,074 | $2,099,202 | $1,810,145 |
| ACCUMULATED DEPRECIATION: | |||
| Balance at beginning of period | $283,785 | $228,034 | $136,901 |
| Depreciation expense | 95,958 | 87,063 | 104,153 |
| Transfers from real estate assets | 12,850 | (12,780) | — |
| Accumulated depreciation on real estate assets sold, retired, deconsolidated or impaired | (36,693) | (18,532) | (13,020) |
| Balance at end of period | $355,900 | $283,785 | $228,034 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.