CBL & Associates Properties (CBL) 10-Q 9 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 02, 2023
Cover [Abstract]
Entity Central Index Key	0000910612
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	1-12494
Entity Registrant Name	CBL & ASSOCIATES PROPERTIES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	62-1545718
Entity Address, Address Line One	2030 Hamilton Place Blvd.
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Chattanooga
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37421
City Area Code	423
Local Phone Number	855-0001
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	true
Title of 12(b) Security	Common Stock, $0.001 par value, with associated Stock Purchase Rights
Trading Symbol	CBL
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		32,054,421

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Real estate assets:
Land	[1]	$ 589,557	$ 596,715
Buildings and improvements	[1]	1,200,096	1,198,597
Real estate assets	[1]	1,789,653	1,795,312
Accumulated depreciation	[1]	(183,529)	(136,901)
Real estate investment property, net, before developments in progress	[1]	1,606,124	1,658,411
Developments in progress	[1]	6,431	5,576
Net investment in real estate assets	[1]	1,612,555	1,663,987
Cash and cash equivalents	[1]	24,919	44,718
Restricted cash	[1]	88,674	97,231
Available-for-sale securities - at fair value (amortized cost of $255,412 and $293,476 as of June 30, 2023 and December 31, 2022, respectively)	[1]	254,872	292,422
Receivables:
Tenant	[1]	34,764	40,620
Other	[1]	3,318	3,876
Investments in unconsolidated affiliates	[1]	74,138	77,295
In-place leases, net	[1]	197,245	247,497
Above market leases, net	[1]	143,453	171,265
Intangible lease assets and other assets	[1]	41,474	39,332
Total assets	[1]	2,475,412	2,678,243
LIABILITIES AND EQUITY
Mortgage and other indebtedness, net		1,942,049	2,000,186
Below market leases, net		94,180	110,616
Accounts payable and accrued liabilities		114,082	200,312
Total liabilities	[1]	2,150,311	2,311,114
Shareholders' equity:
Common stock, $.001 par value, 200,000,000 shares authorized, 32,054,421 and 31,780,075 issued and outstanding as of June 30, 2023 and December 31, 2022, respectively (in each case, excluding 34 treasury shares)		32	32
Additional paid-in capital		715,163	710,497
Accumulated other comprehensive loss		339	(1,054)
Accumulated deficit		(381,509)	(338,934)
Total shareholders' equity		334,025	370,541
Noncontrolling interests		(8,924)	(3,412)
Total equity		325,101	367,129
Total liabilities, redeemable noncontrolling interests and equity		$ 2,475,412	$ 2,678,243
[1] As of June 30, 2023, includes $ 181,754 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 207,871 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7 .

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Available-for-sale securities, amortized cost		$ 255,412	$ 293,476
Common stock, par value (USD per share)		$ 0.001	$ 0.001
Common stock authorized (shares)		200,000,000	200,000,000
Common stock issued (shares)		32,054,421	31,780,075
Common stock outstanding (shares)		32,054,421	31,780,075
Variable interest asset entities	[1]	$ 2,475,412	$ 2,678,243
Variable interest liability entities	[1]	2,150,311	$ 2,311,114
Variable Interest Entity Primary Beneficiary
Variable interest asset entities		181,754
Variable Interest Entity Primary Beneficiary | Nonrecourse
Variable interest liability entities		$ 207,871
[1] As of June 30, 2023, includes $ 181,754 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 207,871 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7 .

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
REVENUES:
Rental revenues		$ 124,842	$ 131,832	$ 255,166	$ 267,164
Management, development and leasing fees		1,822	1,786	4,256	3,555
Other		3,203	3,400	6,804	6,401
Total revenues	[1],[2]	129,867	137,018	266,226	277,120
EXPENSES:
Property operating		(21,507)	(21,312)	(46,121)	(44,656)
Depreciation and amortization		(49,742)	(64,476)	(103,011)	(133,419)
Real estate taxes		(14,481)	(14,254)	(29,269)	(28,689)
Maintenance and repairs		(9,991)	(10,230)	(21,515)	(20,796)
General and administrative		(16,156)	(18,450)	(35,385)	(36,524)
Loss on impairment			(252)		(252)
Litigation settlement		74	65	118	146
Other			(834)	(198)	(834)
Total expenses		(111,803)	(129,743)	(235,381)	(265,024)
OTHER INCOME (EXPENSES):
Interest and other income		2,967	910	5,632	1,064
Interest expense		(44,173)	(55,117)	(87,697)	(145,776)
Gain on deconsolidation				28,151	36,250
(Loss) gain on sales of real estate assets		(114)	3	1,482	19
Reorganization items, net			613		(958)
Income tax (provision) benefit		(219)	472	(118)	(329)
Equity in earnings (losses) of unconsolidated affiliates		812	2,039	(444)	10,606
Total other expenses		(40,727)	(51,080)	(52,994)	(99,124)
Net loss		(22,663)	(43,805)	(22,149)	(87,028)
Net loss attributable to noncontrolling interests in:
Operating Partnership			44		59
Other consolidated subsidiaries		1,875	2,373	3,620	4,859
Net loss attributable to the Company		(20,788)	(41,388)	(18,529)	(82,110)
Dividends allocable to unvested restricted stock		(281)	(210)	(561)	(210)
Net loss attributable to common shareholders		$ (21,069)	$ (41,598)	$ (19,090)	$ (82,320)
Basic and diluted per share data attributable to common shareholders:
Basic earnings per share		$ (0.67)	$ (1.34)	$ (0.61)	$ (2.83)
Diluted earnings per share	[3]	$ (0.67)	$ (1.34)	$ (0.61)	$ (2.83)
Weighted-average basic shares		31,313	30,973	31,309	29,091
Weighted-average diluted shares outstanding	[3]	31,313	30,973	31,309	29,091
[1] Management, development and leasing fees are included in All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source for each of the above segments. Sales taxes are excluded from revenues. For the three and six months ended June 30, 2023, the computation of diluted EPS does not include contingently issuable shares related to PSUs and unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2023, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have included 94 and 75 contingently issuable shares, respectively, related to PSUs and unvested restricted stock awards. For the three and six months ended June 30, 2022, the computation of diluted EPS does not include contingently issuable shares related to PSUs and unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2022, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have included 187 and 177 contingently issuable shares, respectively, related to PSUs and unvested restricted stock awards.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (22,663)	$ (43,805)	$ (22,149)	$ (87,028)
Other comprehensive income (loss):
Unrealized gain on interest rate swap	880		880
Unrealized (loss) gain on available-for-sale securities	(17)	(33)	513	9
Total other comprehensive income (loss)	863	(33)	1,393	9
Comprehensive loss	(21,800)	(43,838)	(20,756)	(87,019)
Comprehensive loss attributable to noncontrolling interests in:
Operating Partnership		44		59
Other consolidated subsidiaries	1,875	2,373	3,620	4,859
Comprehensive loss attributable to the Company	(19,925)	(41,421)	(17,136)	(82,101)
Dividends allocable to unvested restricted stock	(281)	(210)	(561)	(210)
Comprehensive loss attributable to common shareholders	$ (20,206)	$ (41,631)	$ (17,697)	$ (82,311)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Total Shareholders' Equity	Noncontrolling Interests
Beginning balance at Dec. 31, 2021	$ 401,100	$ 21	$ 547,726	$ (3)	$ (151,545)	$ 396,199	$ 4,901
Net income (loss)	(43,223)				(40,722)	(40,722)	(2,501)
Other comprehensive income (loss)	42			42		42
Share-based compensation expense	2,743		2,743			2,743
Conversion of exchangeable notes into shares of common stock	152,538	11	152,527			152,538
Contributions from noncontrolling interests	143						143
Ending balance at Mar. 31, 2022	513,343	32	702,996	39	(192,267)	510,800	2,543
Beginning balance at Dec. 31, 2021	401,100	21	547,726	(3)	(151,545)	396,199	4,901
Ending balance at Jun. 30, 2022	461,625	32	705,884	6	(241,609)	464,313	(2,688)
Beginning balance at Mar. 31, 2022	513,343	32	702,996	39	(192,267)	510,800	2,543
Net income (loss)	(43,805)				(41,388)	(41,388)	(2,417)
Other comprehensive income (loss)	(33)			(33)		(33)
Dividends declared - common stock	(7,954)				(7,954)	(7,954)
Share-based compensation expense	2,818		2,818			2,818
Adjustment for noncontrolling interests			70			70	(70)
Distributions to noncontrolling interests	(2,744)						(2,744)
Ending balance at Jun. 30, 2022	461,625	32	705,884	6	(241,609)	464,313	(2,688)
Beginning balance at Dec. 31, 2022	367,129	32	710,497	(1,054)	(338,934)	370,541	(3,412)
Net income (loss)	514				2,259	2,259	(1,745)
Other comprehensive income (loss)	530			530		530
Dividends declared - common stock	(12,024)				(12,024)	(12,024)
Issuance of share of common stock associated with performance stock units net of shares withheld for tax	(1,793)		(1,793)			(1,793)
Distributions to noncontrolling interests	(3)						(3)
Amortization of deferred compensation	1,843		1,843			1,843
Compensation expense related to performance stock units	1,409		1,409			1,409
Ending balance at Mar. 31, 2023	357,605	32	711,956	(524)	(348,699)	362,765	(5,160)
Beginning balance at Dec. 31, 2022	367,129	32	710,497	(1,054)	(338,934)	370,541	(3,412)
Ending balance at Jun. 30, 2023	325,101	32	715,163	339	(381,509)	334,025	(8,924)
Beginning balance at Mar. 31, 2023	357,605	32	711,956	(524)	(348,699)	362,765	(5,160)
Net income (loss)	(22,663)				(20,788)	(20,788)	(1,875)
Other comprehensive income (loss)	863			863		863
Dividends declared - common stock	(12,022)				(12,022)	(12,022)
Distributions to noncontrolling interests	(1,889)						(1,889)
Amortization of deferred compensation	1,797		1,797			1,797
Compensation expense related to performance stock units	1,410		1,410			1,410
Ending balance at Jun. 30, 2023	$ 325,101	$ 32	$ 715,163	$ 339	$ (381,509)	$ 334,025	$ (8,924)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Parenthetical) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement Of Stockholders Equity [Abstract]
Conversion of exchangeable notes into shares of common stock (shares)		10,982,795
Issuance of common stock and restricted common stock (shares)	152,905
Issuance of common stock associated with performance stock units net of shares withheld for tax (shares)	133,221

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023		Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (22,149)		$ (87,028)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	103,011		133,419
Net amortization of deferred financing costs, discounts on available-for-sale securities and debt discounts	15,330		98,923
Net amortization of intangible lease assets and liabilities	10,715		11,078
Gain (loss) on sales of real estate assets	(1,482)		(19)
Gain on insurance proceeds	(49)		(803)
Gain on deconsolidation	(28,151)		(36,250)
Write-off of development projects	17		834
Share-based compensation expense	6,459		5,561
Loss on impairment			252
Equity in losses (earnings) of unconsolidated affiliates	444		(10,606)
Distributions of earnings from unconsolidated affiliates	6,550		12,583
Change in estimate of uncollectable revenues	1,451		(2,699)
Change in deferred tax accounts	(839)		(1,334)
Changes in:
Tenant and other receivables	5,091		937
Other assets	158		(513)
Accounts payable and accrued liabilities	(12,320)		(36,246)
Net cash provided by operating activities	84,236		88,089
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to real estate assets	(17,464)		(14,660)
Proceeds from sales of real estate assets	5,279		1,569
Purchases of available-for-sale securities	(99,933)		(299,993)
Redemptions of available-for-sale securities	142,793		299,934
Proceeds from insurance			743
Payments received on notes receivable	35		33
Additional investments in and advances to unconsolidated affiliates	(8,242)		(1,061)
Distributions in excess of equity in earnings of unconsolidated affiliates	4,430		17,059
Changes in other assets	(1,226)		(934)
Net cash provided by investing activities	25,672		2,690
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from mortgage and other indebtedness			425,000
Principal payments on mortgage and other indebtedness	(39,903)		(475,322)
Additions to deferred financing costs	(593)		(15,196)
Contributions from noncontrolling interests			143
Shares of common stock withheld for tax associated with performance stock units	(1,793)
Distributions to noncontrolling interests	(1,892)		(2,744)
Dividends paid to common shareholders	(94,083)
Net cash used in financing activities	(138,264)		(68,119)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(28,356)		22,660
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	141,949		236,198
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	113,593		258,858
Reconciliation from condensed consolidated statements of cash flows to condensed consolidated balance sheets:
Cash and cash equivalents	24,919	[1]	177,065
Restricted cash:
Restricted cash	47,650		47,155
Mortgage escrows	41,024		34,638
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	113,593		258,858
SUPPLEMENTAL INFORMATION:
Cash paid for interest, net of amounts capitalized	$ 66,561		64,626
Cash paid for reorganization items			$ 5,648
[1] As of June 30, 2023, includes $ 181,754 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 207,871 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7 .

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Basis of Presentation	N ote 1 – Organization and Basis of Presentation CBL & Associates Properties, Inc. (“CBL”), a Delaware corporation, is a self-managed, self-administered, fully-integrated real estate investment trust (“REIT”) that is engaged in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, outlet centers, lifestyle centers, open-air centers, office buildings and other properties, including single-tenant and multi-tenant parcels. Its properties are located in 22 states, but are primarily in the southeastern and midwestern United States. CBL conducts substantially all its business through CBL & Associates Limited Partnership (the “Operating Partnership”), which is a variable interest entity ("VIE"). The Operating Partnership consolidates the financial statements of all entities in which it has a controlling financial interest or where it is the primary beneficiary of a VIE. As of June 30, 2023, the Operating Partnership owned interests in the following properties: Malls (1) Outlet Centers (1) Lifestyle Centers (1) Open-Air Centers (2) Other (2)(3) Total Consolidated Properties 41 2 3 21 4 71 Unconsolidated Properties (4) 6 3 2 8 1 20 Total 47 5 5 29 5 91 (1) The Company has aggregated Malls, Outlet Centers and Lifestyle Centers into one reportable segment (the "Malls") because they have similar economic characteristics and they provide similar products and services to similar types of, and in many cases, the same tenants. (2) Included in “All Other” for purposes of segment reporting. (3) CBL's two consolidated corporate office buildings are included in the Other category. (4) The Operating Partnership accounts for these investments using the equity method. CBL is the 100 % owner of two qualified REIT subsidiaries, CBL Holdings I, Inc. and CBL Holdings II, Inc. As of June 30, 2023, CBL Holdings I, Inc., the sole general partner of the Operating Partnership, own ed a 1.00 % general partner interest in the Operating Partnership and CBL Holdings II, Inc. owned a 98.97 % limited partner interest for a combined interest held by CBL of 99.97 %. As of June 30, 2023, third parties owned a 0.03 % limit ed partner interest in the Operating Partnership. As used herein, the term "Company" includes CBL & Associates Properties, Inc. and its subsidiaries, including CBL & Associates Limited Partnership and its subsidiaries, unless the context indicates otherwise. The term "Operating Partnership" refers to CBL & Associates Limited Partnership and its subsidiaries. The Operating Partnership conducts the Company's property management and development activities through its wholly owned subsidiary, CBL & Associates Management, Inc. (the “Management Company"), to comply with certain requirements of the Internal Revenue Code. The accompanying condensed consolidated financial statements are unaudited; however, they have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in conjunction with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all the disclosures required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting solely of normal recurring matters) necessary for a fair presentation of the financial statements for these interim periods have been included. All intercompany transactions have been eliminated. The results for the interim period ended June 30, 2023 are not necessarily indicative of the results to be obtained for the full fiscal year. Reclassifications The Company reclassified restricted cash of $ 97,231 from intangible lease assets and other assets into an individual line item on the condensed consolidated balance sheets at December 31, 2022 to conform with the current period presentation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Acco unting Policies Accounting Guidance Adopted In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2020-04, "Reference Rate Reform," which provides temporary optional expedients and exceptions to the US GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates. Additional optional expedients, exceptions and clarifications were created in ASU 2021-01. The guidance is effective upon issuance and generally can be applied to any contract modifications or existing and new hedging relationships through December 31, 2024. The Company elected the expedients in conjunction with transitioning certain debt instruments to alternative benchmark indexes. During the six months ended June 30, 2023, there was no impact on our condensed consolidated financial statements at adoption through the use of the expedient. Accounts Receivable Receivables include amounts billed and currently due from tenants pursuant to lease agreements and receivables attributable to straight-line rents associated with those lease agreements. Individual leases where the collection of rents is in dispute are assessed for collectability based on management’s best estimate of collection considering the anticipated outcome of the dispute. Individual leases that are not in dispute are assessed for collectability and upon the determination that the collection of rents over the remaining lease term is not probable, accounts receivable are reduced as an adjustment to rental revenues. Revenue from leases where collection is deemed to be less than probable is recorded on a cash basis until collectability is determined to be probable. Further, management assesses whether operating lease receivables, at a portfolio level, are appropriately valued based upon an analysis of balances outstanding, historical collection levels and current economic trends. An allowance for the uncollectable portion of the portfolio is recorded as an adjustment to rental revenues. Management’s collection assessment took into consideration the type of retailer, billing disputes, lease negotiation status and executed deferral or abatement agreements, as well as recent rent collection experience and tenant bankruptcies based on the best information available to management at the time of evaluation.

Revenues

Revenues	6 Months Ended
	Jun. 30, 2023
Revenue From Contract With Customer [Abstract]
Revenues	Note 3 – Revenues Revenues The following table presents the Company's revenues disaggregated by revenue source for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Rental revenues $ 124,842 $ 131,832 $ 255,166 $ 267,164 Revenues from contracts with customers (Accounting Standards Codification ("ASC") 606): Operating expense reimbursements 1,875 1,929 4,091 4,118 Management, development and leasing fees (1) 1,822 1,786 4,256 3,555 Marketing revenues (2) 575 759 1,220 744 4,272 4,474 9,567 8,417 Other revenues 753 712 1,493 1,539 Total revenues (3) $ 129,867 $ 137,018 $ 266,226 $ 277,120 (1) Included in All Other segment. (2) Marketing revenues solely relate to the Malls segment for all periods presented. (3) Sales taxes are excluded from revenues. See Note 9 for information on the Company's segments. Revenues from Contracts with Customers Outstanding Performance Obligations The Company has outstanding performance obligations related to certain noncancellable contracts with customers for which it will receive fixed operating expense reimbursements for providing certain maintenance and other services as described above. As of June 30, 2023, the Company expects to recognize these amounts as revenue over the following periods: Performance obligation Less than 5 5 -20 Over 20 Total Fixed operating expense reimbursements $ 19,935 $ 43,837 $ 40,098 $ 103,870 The Company evaluates its performance obligations each period and makes adjustments to reflect any known additions or cancellations. Performance obligations related to variable consideration, which is based on sales, are constrained.

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	Note 4 – Leases The components of rental revenues for the three and six months ended June 30, 2023 and 2022 are as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Fixed lease payments $ 104,391 $ 96,733 $ 203,372 $ 192,381 Variable lease payments 20,451 35,099 51,794 74,783 Total rental revenues $ 124,842 $ 131,832 $ 255,166 $ 267,164 The undiscounted future fixed lease payments to be received under the Company's operating leases as of June 30, 2023, are as follows: Years Ending December 31, Operating Leases 2023 (1) $ 197,813 2024 331,796 2025 260,067 2026 200,163 2027 146,936 2028 99,404 Thereafter 235,181 Total undiscounted lease payments $ 1,471,360 (1) Reflects rental payments for the fiscal period July 1, 2023 to December 31, 2023.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 5 – Fair Va lue Measurements The Company has categorized its financial assets and financial liabilities that are recorded at fair value into a hierarchy in accordance with ASC 820, Fair Value Measurements and Disclosure , ("ASC 820") based on whether the inputs to valuation techniques are observable or unobservable. The fair value hierarchy contains three levels of inputs that may be used to measure fair value as follows: Level 1 – Inputs represent quoted prices in active markets for identical assets and liabilities as of the measurement date. Level 2 – Inputs, other than those included in Level 1, represent observable measurements for similar instruments in active markets, or identical or similar instruments in markets that are not active, and observable measurements or market data for instruments with substantially the full term of the asset or liability. Level 3 – Inputs represent unobservable measurements, supported by little, if any, market activity, and require considerable assumptions that are significant to the fair value of the asset or liability. Market valuations must often be determined using discounted cash flow methodologies, pricing models or similar techniques based on the Company’s assumptions and best judgment. The asset or liability's fair value within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Under ASC 820, fair value measurements are determined based on the assumptions that market participants would use in pricing the asset or liability in an orderly transaction at the measurement date and under current market conditions. Valuation techniques used maximize the use of observable inputs and minimize the use of unobservable inputs and consider assumptions such as inherent risk, transfer restrictions and risk of nonperformance. The carrying values of cash and cash equivalents, receivables, accounts payable and accrued liabilities are reasonable estimates of their fair values because of the short-term nature of these financial instruments. The estimated fair value of mortgage and other indebtedness was $ 1,848,797 and $ 1,833,992 as of June 30, 2023 and December 31, 2022, respectively. The fair value of mortgage and other indebtedness was calculated using Level 2 inputs by discounting future cash flows for mortgage and other indebtedness using estimated market rates at which similar loans would be made currently. Fair Value Measurements on a Recurring Basis The following table sets forth information regarding the Company's interest rate swap that was designated as a cash flow hedge of interest rate risk for the six months ended June 30, 2023. See Note 8 for additional information. Fair Value Measurements at Reporting Date Using Asset Fair Value at June 30, 2023 Quoted Prices in Significant Significant Interest rate swap $ 880 $ — $ 880 $ — During the three and six months ended June 30, 2023, the Company has continued to reinvest the cash from maturing U.S. Treasury securities into new U.S. Treasury securities. The Company designated the U.S. Treasury securities as available-for-sale (“AFS”). The table below sets forth information regarding the Company’s AFS securities that were measured at fair value for the six months ended June 30, 2023. Subsequent to June 30, 2023, the Company redeemed and purchased additional U.S. Treasury securities. See Note 14 for additional information. AFS Security (1) Amortized Allowance (2) Total unrealized loss Fair value as of June 30, 2023 (3) U.S. Treasury securities $ 255,412 $ — $ ( 540 ) $ 254,872 (1) The U.S. Treasury securities have maturities through April 2024. (2) U.S. Treasury securities have a long history with no credit losses. Additionally, the Company notes that U.S. Treasury securities are explicitly fully guaranteed by a sovereign entity that can print its own currency and that the sovereign entity’s currency is routinely held by central banks and other major financial institutions, is used in international commerce, and commonly viewed as a reserve currency, all of which qualitatively indicate that historical credit loss information should be minimally affected by current conditions and reasonable and supportable forecasts. Therefore, the Company did not record expected credit losses for its U.S. Treasury securities for the six months ended June 30, 2023. (3) The fair value was calculated using Level 1 inputs. The following table sets forth information regarding the Company’s AFS securities that were measured at fair value for the year ended December 31, 2022: AFS Security Amortized Allowance (1) Total unrealized loss Fair value as of December 31, 2022 (2) U.S. Treasury securities $ 293,476 $ — $ ( 1,054 ) $ 292,422 (1) U.S. Treasury securities have a long history with no credit losses. Additionally, the Company notes that U.S. Treasury securities are explicitly fully guaranteed by a sovereign entity that can print its own currency and that the sovereign entity’s currency is routinely held by central banks and other major financial institutions, is used in international commerce, and commonly viewed as a reserve currency, all of which qualitatively indicate that historical credit loss information should be minimally affected by current conditions and reasonable and supportable forecasts. Therefore, the Company did not record expected credit losses for its U.S. Treasury securities for the year ended December 31, 2022. (2) The fair value was calculated using Level 1 inputs. Fair Value Measurements on a Nonrecurring Basis The Company measures the fair value of certain long-lived assets on a nonrecurring basis, through quarterly impairment testing or when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. The Company’s evaluation of the recoverability of long-lived assets involves the comparison of undiscounted future cash flows expected to be generated by each property over the Company’s expected remaining holding period to the respective carrying amount. The determination of whether the carrying value is recoverable also requires management to make estimates related to probability weighted scenarios impacting undiscounted cash flow models. The Company considers both quantitative and qualitative factors in its impairment analysis of long-lived assets. Significant quantitative factors include historical and forecasted information for each property such as net operating income, occupancy statistics and sales levels. Significant qualitative factors used include market conditions, age and condition of the property and tenant mix. The quantitative and qualitative factors impact the selection of the terminal capitalization rate which is used in both an undiscounted and discounted cash flow model and the discount rate used in a discounted cash flow model. Due to the significant unobservable estimates and assumptions used in the valuation of long-lived assets that experience impairment, the Company classifies such long-lived assets under Level 3 in the fair value hierarchy. Level 3 inputs primarily consist of sales and market data, independent valuations and discounted cash flow models. Long-lived Assets Measured at Fair Value in 2023 During the six months ended June 30, 2 023, the Company adjusted the negative equity in Alamance Crossing East to zero upon deconsolidation, which represents the estimated fair value of the Company's investment in that property. See Note 7 for additional information. Long-lived Assets Measured at Fair Value in 2022 During the six months ended June 30, 2022, the Company adjusted the negative equity in Greenbrier Mall to zero upon deconsolidation, which represented the estimated fair value of the Company's investment in that property. During the three and six months ended June 30, 2022, the Company sold an outparcel at the Pavilion at Port Orange. Gross proceeds amounted to $ 1,660 and the transaction resulted in a loss on sale of $ 252 .

Dispositions

Dispositions	6 Months Ended
	Jun. 30, 2023
Discontinued Operations And Disposal Groups [Abstract]
Dispositions	Note 6 – Dispositio ns Dispositions Based on its analysis, the Company determined that the dispositions described below do not meet the criteria for classification as discontinued operations and are not considered to be significant disposals based on its quantitative and qualitative evaluation. Thus, the results of operations of the properties described below, as well as any related gains or losses, are included in net income (loss) for all periods presented, as applicable. 2023 Dispositions During the six months ended June 30, 2023, the Company deconsolidated Alamance Crossing East, which resulted in $ 28,151 of gain on deconsolidation. Alamance Crossing East was included in Malls for purposes of segment reporting. See Note 7 for additional information. During the three months ended June 30, 2023, the Company realized a loss of $ 114 , primarily related to the sale of one parcel. During the six months ended June 30, 2023, the Company realized a gain of $ 1,482 , primarily related to the sale of five land parcels. Gross proceeds from sales of real estate assets were $ 5,674 for the six months ended June 30, 2023. 2022 Dispositions During the six months ended June 30, 2022, the Company deconsolidated Greenbrier Mall. See Note 5 for additional information. Other than the deconsolidation of Greenbrier Mall, the Company had no significant dispositions during the three and six months ended June 30, 2022.

Unconsolidated Affiliates and N

Unconsolidated Affiliates and Noncontrolling Interests	6 Months Ended
	Jun. 30, 2023
Equity Method Investments And Joint Ventures [Abstract]
Unconsolidated Affiliates and Noncontrolling Interests	Note 7 – Unconsolidated Affilia tes and Noncontrolling Interests Unconsolidated Affiliates Although the Company had majority ownership of certain joint ventures during 2023 and 2022, it evaluated the investments and concluded that the other partners or owners in these joint ventures had substantive participating rights, such as approvals of: • the pro forma for the development and construction of the project and any material deviations or modifications thereto; • the site plan and any material deviations or modifications thereto; • the conceptual design of the project and the initial plans and specifications for the project and any material deviations or modifications thereto; • any acquisition/construction loans or any permanent financings/refinancings; • the annual operating budgets and any material deviations or modifications thereto; • the initial leasing plan and leasing parameters and any material deviations or modifications thereto; and • any material acquisitions or dispositions with respect to the project. As a result of the joint control over these joint ventures, the Company accounts for these investments using the equity method of accounting. At June 30, 2023, the Company had investments in 25 entities, which are accounted for using the equity method of accounting. The Company's ownership interest in these unconsolidated affiliates ranges from 33 % to 100 %. Of these entities, 17 are owned in 50/50 joint vent ures. 2023 Activity - Unconsolidated Affiliates Alamance Crossing CMBS, LLC In February 2023, the Company deconsolidated Alamance Crossing East as a result of the Company losing control when the property was placed in receivership. As of June 30, 2023, the loan secured by Alamance Crossing East had an outstanding balance of $ 41,122 . For the six months ended June 30, 2023, the Company recognized gain on deconsolidation of $ 28,151 . CBL-TRS Med OFC Holding, LLC In June 2023, the Company and its joint venture partner in Friendly Center and The Shops at Friendly entered into a new 50/50 joint venture, CBL-TRS Med OFC Holding, LLC, for the purpose of entering into a joint venture, CBL DMC I, LLC, with a third party to develop a medical office building on a parcel of land adjacent to those centers. CBL-TRS Med OFC Holding, LLC contributed the parcel of land valued at $ 2,600 to CBL DMC I, LLC in exchange for a 50 % interest in CBL DMC I, LLC. The unconsolidated affiliate is a VIE. CBL-TRS Joint Venture, LLC In April 2023, the Company and its joint venture partner entered into a new $ 148,000 loan secured by Friendly Center and The Shops at Friendly Center. Proceeds from the new loan were used to pay off two previous loans totaling $ 145,591 . The new loan bears a fixed interest rate of 6.44 % and matures in May 2028 . Louisville Outlet Shoppes, LLC In April 2023, the $ 7,247 loan secured by The Outlet Shoppes of the Bluegrass - Phase II, an unconsolidated affiliate, was paid off. West County Mall CMBS, LLC In March 2023, the loan secured by West County Mall was extended through December 2024, with one two-year conditional extension available upon meeting certain requirements. Condensed Combined Financial Statements - Unconsolidated Affiliates Condensed combined financial statement information of the unconsolidated affiliates is as follows: June 30, December 31, ASSETS: Investment in real estate assets $ 1,989,551 $ 1,971,348 Accumulated depreciation ( 859,514 ) ( 829,574 ) 1,130,037 1,141,774 Developments in progress 13,826 10,914 Net investment in real estate assets 1,143,863 1,152,688 Other assets 191,648 170,756 Total assets $ 1,335,511 $ 1,323,444 LIABILITIES: Mortgage and other indebtedness, net $ 1,345,090 $ 1,333,152 Other liabilities 42,266 33,419 Total liabilities 1,387,356 1,366,571 OWNERS' EQUITY (DEFICIT): The Company 12,347 3,123 Other investors ( 64,192 ) ( 46,250 ) Total owners' deficit ( 51,845 ) ( 43,127 ) Total liabilities and owners’ deficit $ 1,335,511 $ 1,323,444 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Total revenues $ 62,943 $ 65,551 $ 123,476 $ 129,288 Net income (1) $ 11,092 $ 12,384 $ 20,273 $ 33,062 (1) The Company's pro rata share of net income (loss) was $ 812 and $( 444 ) for the three and six months ended June 30, 2023, respectively. The Company's pro rata share of net income was $ 2,039 and $ 10,606 for the three and six months ended June 30, 2022, respectively. Variable Interest Entities The Operating Partnership and certain of its subsidiaries are deemed to have the characteristics of a VIE primarily because the limited partners of these entities do not collectively possess substantive kick-out or participating rights. The Company consolidates the Operating Partnership, which is a VIE, for which the Company is the primary beneficiary. The Company, through the Operating Partnership, consolidates all VIEs for which it is the primary beneficiary. Generally, a VIE is a legal entity in which the equity investors do not have the characteristics of a controlling financial interest or the equity investors lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. A limited partnership is considered a VIE when the majority of the limited partners unrelated to the general partner possess neither the right to remove the general partner without cause, nor certain rights to participate in the decisions that most significantly affect the financial results of the partnership. In determining whether the Company is the primary beneficiary of a VIE, the Company considers qualitative and quantitative factors, including, but not limited to: which activities most significantly impact the VIE’s economic performance and which party controls such activities; the amount and characteristics of the Company's investment; the obligation or likelihood for the Company or other investors to provide financial support; and the similarity with and significance to the Company's business activities and the business activities of the other investors. Consolidated VIEs As of June 30, 2023, the Company had investments in 10 consolidated VIEs with ownership interests ranging from 50 % to 92 %. Unconsolidated VIEs The table below lists the Company's unconsolidated VIEs as of June 30, 2023: Unconsolidated VIEs: Investment in Maximum Alamance Crossing CMBS, LLC (1) $ — $ — Ambassador Infrastructure, LLC (2) — 5,749 Atlanta Outlet JV, LLC (2) — 4,355 BI Development, LLC 105 105 BI Development II, LLC — — CBL-T/C, LLC — — CBL-TRS Med OFC Holding, LLC (3) 1,300 1,300 El Paso Outlet Center Holding, LLC — — Fremaux Town Center JV, LLC — — Louisville Outlet Shoppes, LLC — — Mall of South Carolina L.P. — — Vision - CBL Hamilton Place, LLC 2,210 2,210 Vision - CBL Mayfaire TC Hotel, LLC 1,800 1,800 $ 5,415 $ 15,519 (1) During the six months ended June 30, 2023, the property was placed into receivership. (2) The Operating P artnership has guaranteed all or a portion of the debt of each of these VIEs. See Note 11 for more information. (3) The Operating Partnership has guaranteed the construction debt of CBL DMC I, LLC, the joint venture in which CBL-TRS Med OFC Holding, LLC owns a 50 % interest. See Note 11 for more information.

Mortgage and Other Indebtedness

Mortgage and Other Indebtedness, Net	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Mortgage and Other Indebtedness, Net	Note 8 – Mortgage and O ther Indebtedness, Net CBL has no indebtedness. Either the Operating Partnership or one of its consolidated subsidiaries that it has a direct or indirect ownership interest in are the borrowers on all the Company's debt. CBL is a limited guarantor of the secured term loan for losses suffered solely by reason of fraud or willful misrepresentation by the Operating Partnership or its affiliates. The Company’s mortgage and other indebtedness, net, consisted of the following: June 30, 2023 December 31, 2022 Amount Weighted- (1) Amount Weighted- (1) Fixed-rate debt: Open-air centers and outparcels loan (2) $ 180,000 6.95 % $ 180,000 6.95 % Non-recourse loans on operating properties 783,501 5.29 % 843,634 4.90 % Total fixed-rate debt 963,501 5.60 % 1,023,634 5.26 % Variable-rate debt: Secured term loan (3) 813,038 7.92 % 829,452 6.87 % Open-air centers and outparcels loan (2) 180,000 9.26 % 180,000 8.22 % Non-recourse loans on operating properties 55,440 8.30 % 56,490 7.26 % Total variable-rate debt 1,048,478 8.17 % 1,065,942 7.12 % Total fixed-rate and variable-rate debt 2,011,979 6.94 % 2,089,576 6.21 % Unamortized deferred financing costs ( 15,407 ) ( 17,101 ) Debt discounts (4) ( 54,523 ) ( 72,289 ) Total mortgage and other indebtedness, net $ 1,942,049 $ 2,000,186 (1) Weighted-average interest rate excludes amortization of deferred financing costs. (2) The Operating Partnership has an interest rate swap on a notional amount of $ 32,000 related to the variable portion of the loan to effectively fix the interest rate at 7.3975 %. (3) The Operating Partnership provided a limited guaranty up to a maximum of $ 175,000 (the “Principal Liability Cap”). The Principal Liability Cap will be reduced by an amount equal to 100 % of the first $ 2,500 in principal amortization made by HoldCo I each calendar year and will be reduced further by 50 % of the principal amortization payments made by HoldCo I each calendar year in excess of the first $ 2,500 in principal amortization for such calendar year. As of June 30, 2023, the Principal Liability Cap had been reduced to $ 127,390 . The Principal Liability Cap is eliminated when the loan balance is reduced below $ 650,000 , or if at any time after November 1, 2023, the debt yield ratio is greater than 15.0 %. (4) In conjunction with fresh start accounting, the Company estimated the fair value of its mortgage notes with the assistance of a third-party valuation advisor. This resulted in recognizing debt discounts upon emerging from bankruptcy. The debt discounts are accreted over the term of the respective debt using the effective interest method. The remaining debt discounts at June 30, 2023 will be accreted over a weighted average period of 2.6 years. Non-recourse loans on operating properties, the open-air centers and outparcels loan and the secured term loan include loans that are secured by properties owned by the Company that have a carrying value of $ 1,530,211 at June 30, 2023. 2023 Loan Activity In February 2023, the Company exercised its first option to extend the loan secured by Fayette Mall through May 2024 . The interest rate remains fixed at 4.25 %. In March 2023, the secured term loan was amended to replace LIBOR with the secured overnight financing rate ("SOFR") for purposes of calculating interest. The transition to SOFR is effective as of June 30, 2023. As of the conversion date, the interest rate is SOFR plus the applicable margin ( 2.75 %) plus the SOFR adjustment ( 0.11448 %). In April 2023, the Company exercised its extension option on the loan secured by The Outlet Shoppes at Laredo for an extended maturity date of June 2024. In May 2023, the Operating Partnership entered into an interest rate swap with a notional amount of $ 32,000 to fix the interest rate at 7.3975 % on $ 32,000 of the variable rate portion of the open-air centers and outparcels loan. The swap has a maturity date of June 7, 2027 . The Company designated the swap as a cash flow hedge on its variable rate debt. In June 2023, the loan secured by Cross Creek Mall was modified for an extended maturity date of June 2025 . The interest rate is fixed at 8.19 %. Scheduled Principal Payments As of June 30, 2023, the scheduled principal amortization and balloon payments of the Company’s consolidated debt, excluding extensions available at the Company’s option, on all mortgage and other indebtedness, are as follows: 2023 (1) $ 39,522 2024 237,646 2025 908,717 2026 373,682 2027 360,896 2028 950 Thereafter 61,905 Total 1,983,318 Principal balance of a loan with a maturity date prior to June 30, 2023 (2) 28,661 Total mortgage and other indebtedness $ 2,011,979 (1) Reflects scheduled principal amortization and balloon payments for the fiscal period July 1, 2023 through December 31, 2023. (2) Represents the principal balance as of June 30, 2023 of the loan secured by WestGate M all, which is in maturity default. The Company is in discussions with the lender. The loan matured in July 2022 and had a balance of $ 28,661 as of June 30, 2023. Of the $ 39,522 of scheduled principal payments for the remainder of 2023, $ 17,790 relates to the maturing principal balance of one operating property loan. Interest Rate Hedge Instruments The Company may use derivative financial instruments, including interest rate swaps, caps, options, floors and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. The principal objective of such arrangements is to minimize the risks and/or costs associated with the Company’s operating and financial structure as well as to hedge specific anticipated transactions. The Company does not intend to utilize derivatives for speculative or other purposes other than interest rate risk management. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements are not able to perform under the agreements. To mitigate this risk, the Company only enters into derivative financial instruments with counterparties with high credit ratings and with major financial institutions with which the Company and its affiliates may also have other financial relationships. The Company does not anticipate that its counterparty will fail to meet their obligation. The Company records its derivative instruments in its condensed consolidated balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the derivative has been designated as a hedge and, if so, whether the hedge has met the criteria necessary to apply hedge accounting. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated as, and that qualify as, cash flow hedges is recorded in accumulated other comprehensive income (loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Such derivatives were used to hedge the variable cash flows associated with variable-rate debt. Instrument Type Location in the Condensed Consolidated Balance Sheet Notional Index Fair Value at June 30, 2023 Maturity Date Pay fixed/Receive variable swap Intangible lease assets and other assets $ 32,000 1-month USD-SOFR CME $ 880 Jun-27 Gain Recognized in Other Comprehensive Income (Loss) Gain Recognized in Earnings Three Months Ended June 30, Three Months Ended June 30, Hedging Instrument 2023 2022 Location of Gain Reclassified from Accumulated Other Comprehensive Income (Loss) into Earnings 2023 2022 Interest rate swap $ 880 $ — Interest Expense $ 95 $ — Gain Recognized in Other Comprehensive Income (Loss) Gain Recognized in Earnings Six Months Ended June 30, Six Months Ended June 30, Hedging Instrument 2023 2022 Location of Gain Reclassified from Accumulated Other Comprehensive Income (Loss) into Earnings 2023 2022 Interest rate swap $ 880 $ — Interest Expense $ 95 $ — Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next twelve months, the Company estimates that $ 600 will be reclassified from other comprehensive income (loss) as a decrease to interest expense. The Company has an agreement with each derivative counterparty that contains a provision where if the Company either defaults or is capable of being declared in default on any of its indebtedness, then the Company could also be declared in default on its derivative obligations. As of June 30, 2023, the Company did no t have any derivatives with a fair value in a net liability position including accrued interest but excluding any adjustment for nonperformance risk. As of June 30, 2023, the Company has posted $ 1,920 of cash collateral related to the interest rate swap. The Company is not in breach of any agreement provisions.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Note 9 – Segm ent Information The Company measures performance and allocates resources according to property type, which is determined based on certain criteria such as type of tenants, capital requirements, economic risks, leasing terms, and short and long-term returns on capital. Rental income and tenant reimbursements from tenant leases provide the majority of revenues from all segments. Information on the Company’s segments is presented as follows: Three Months Ended June 30, 2023 Malls (1) All (2) Total Revenues (3) $ 110,622 $ 19,245 $ 129,867 Property operating expenses (4) ( 41,668 ) ( 4,311 ) ( 45,979 ) Interest expense ( 19,968 ) ( 24,205 ) ( 44,173 ) Loss on sales of real estate assets — ( 114 ) ( 114 ) Segment profit (loss) $ 48,986 $ ( 9,385 ) 39,601 Depreciation and amortization ( 49,742 ) General and administrative expense ( 16,156 ) Litigation settlement 74 Interest and other income 2,967 Income tax provision ( 219 ) Equity in earnings of unconsolidated affiliates 812 Net loss $ ( 22,663 ) Capital expenditures (5) $ 4,977 $ 3,527 $ 8,504 Three Months Ended June 30, 2022 Malls (1) All (2) Total Revenues (3) $ 117,191 $ 19,827 $ 137,018 Property operating expenses (4) ( 40,708 ) ( 5,088 ) ( 45,796 ) Interest expense ( 38,691 ) ( 16,426 ) ( 55,117 ) Gain on sales of real estate assets — 3 3 Other expense — ( 834 ) ( 834 ) Segment profit (loss) $ 37,792 $ ( 2,518 ) 35,274 Depreciation and amortization ( 64,476 ) General and administrative expense ( 18,450 ) Litigation settlement 65 Interest and other income 910 Reorganization items, net 613 Loss on impairment ( 252 ) Income tax benefit 472 Equity in earnings of unconsolidated affiliates 2,039 Net loss $ ( 43,805 ) Capital expenditures (5) $ 6,367 $ 1,351 $ 7,718 Six Months Ended June 30, 2023 Malls (1) All (2) Total Revenues (3) $ 226,505 $ 39,721 $ 266,226 Property operating expenses (4) ( 88,539 ) ( 8,366 ) ( 96,905 ) Interest expense ( 40,451 ) ( 47,246 ) ( 87,697 ) Gain on sales of real estate assets — 1,482 1,482 Other expense — ( 198 ) ( 198 ) Segment profit (loss) $ 97,515 $ ( 14,607 ) 82,908 Depreciation and amortization ( 103,011 ) General and administrative expense ( 35,385 ) Litigation settlement 118 Interest and other income 5,632 Gain on deconsolidation 28,151 Income tax provision ( 118 ) Equity in losses of unconsolidated affiliates ( 444 ) Net loss $ ( 22,149 ) Capital expenditures (5) $ 9,410 $ 6,629 $ 16,039 Six Months Ended June 30, 2022 Malls (1) All (2) Total Revenues (3) $ 238,619 $ 38,501 $ 277,120 Property operating expenses (4) ( 85,392 ) ( 8,749 ) ( 94,141 ) Interest expense ( 109,850 ) ( 35,926 ) ( 145,776 ) Gain on sales of real estate assets — 19 19 Other expense — ( 834 ) ( 834 ) Segment profit (loss) $ 43,377 $ ( 6,989 ) 36,388 Depreciation and amortization ( 133,419 ) General and administrative expense ( 36,524 ) Litigation settlement 146 Interest and other income 1,064 Reorganization items, net ( 958 ) Loss on impairment ( 252 ) Gain on deconsolidation 36,250 Income tax provision ( 329 ) Equity in earnings of unconsolidated affiliates 10,606 Net loss $ ( 87,028 ) Capital expenditures (5) $ 10,327 $ 3,221 $ 13,548 Total assets Malls (1) All (2) Total June 30, 2023 $ 1,580,656 $ 894,756 $ 2,475,412 December 31, 2022 $ 1,695,813 $ 982,430 $ 2,678,243 (1) The Malls category includes malls, lifestyle centers and outlet centers. (2) The All Other category includes open-air centers, outparcels, office buildings, corporate-level debt and the Management Company. (3) Management, development and leasing fees are included in All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source for each of the above segments. (4) Property operating expenses include property operating, real estate taxes and maintenance and repairs. (5) Includes additions to and acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings per Share	Note 10 – Earnings per Sh are Earnings per share ("EPS") is calculated under the two-class method. Under the two-class method, all earnings (distributed and undistributed) are allocated to common stock and participating securities. The Company grants restricted stock awards to certain employees under its share-based compensation program, which entitle recipients to receive nonforfeitable dividends during the vesting period on a basis equivalent to the dividends paid to holders of common stock. These unvested restricted stock awards meet the definition of participating securities based on their respective rights to receive nonforfeitable dividends. Diluted EPS incorporates the potential impact of contingently issuable shares. Diluted EPS is calculated under both the two-class and treasury stock methods, and the more dilutive amount is reported. Performance stock units ("PSUs") and unvested restricted stock awards are contingently issuable common shares and are included in diluted EPS if the effect is dilutive. The following table presents the calculation of basic and diluted EPS (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Basic earnings per share Net loss attributable to the Company $ ( 20,788 ) $ ( 41,388 ) $ ( 18,529 ) $ ( 82,110 ) Less: Dividends allocable to unvested restricted stock ( 281 ) ( 210 ) ( 561 ) ( 210 ) Net loss attributable to common shareholders ( 21,069 ) ( 41,598 ) ( 19,090 ) ( 82,320 ) Weighted-average basic shares outstanding 31,313 30,973 31,309 29,091 Net loss per share attributable to common shareholders $ ( 0.67 ) $ ( 1.34 ) $ ( 0.61 ) $ ( 2.83 ) Diluted earnings per share (1) Net loss attributable to common shareholders $ ( 21,069 ) $ ( 41,598 ) $ ( 19,090 ) $ ( 82,320 ) Weighted-average diluted shares outstanding 31,313 30,973 31,309 29,091 Net loss per share attributable to common shareholders $ ( 0.67 ) $ ( 1.34 ) $ ( 0.61 ) $ ( 2.83 ) (1) For the three and six months ended June 30, 2023, the computation of diluted EPS does not include contingently issuable shares related to PSUs and unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2023, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have included 94 and 75 contingently issuable shares, respectively, related to PSUs and unvested restricted stock awards. For the three and six months ended June 30, 2022, the computation of diluted EPS does not include contingently issuable shares related to PSUs and unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2022, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have included 187 and 177 contingently issuable shares, respectively, related to PSUs and unvested restricted stock awards.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments And Contingencies Disclosure [Abstract]
Contingencies	Note 11 – Co ntingencies Securities Litigation The Company and certain of its officers and directors were named as defendants in three putative securities class action lawsuits (collectively, the “Securities Class Action Litigation”), each filed in the United States District Court for the Eastern District of Tennessee, on behalf of all persons who purchased or otherwise acquired the Company’s securities during a specified period of time. Those cases were consolidated on July 17, 2019, under the caption In re CBL & Associates Properties, Inc. Securities Litigation, 1:19-cv-00149-JRG-CHS, and a consolidated amended complaint was filed on November 5, 2019, seeking to represent a class of purchasers from July 29, 2014 through March 26, 2019. The operative complaint filed in the Securities Class Action Litigation alleges violations of the securities laws, including, among other things, that the defendants made certain materially false and misleading statements and omissions regarding the Company’s contingent liabilities, business, operations, and prospects during the period of time specified above. The plaintiffs seek compensatory damages and attorneys’ fees and costs, among other relief, but have not specified the amount of damages sought. On May 3, 2022, the court dismissed the Company from the Securities Class Action Litigation but declined to dismiss the individual defendants. The court also lifted the stay of the proceedings and, on June 9, 2022, entered a scheduling order. Plaintiffs’ motion for class certification, which was opposed, was fully briefed and pending as of December 31, 2022. Following mediation on January 31, 2023, before a private mediator, the parties reached an agreement in principle to resolve the Securities Class Action Litigation, subject to documentation and court approval. On April 19, 2023, plaintiffs submitted the settlement to the court as part of an Unopposed Motion for Preliminary Approval of Class Action Settlement. On April 24, 2023, the court entered an order preliminarily approving the proposed settlement, subject to a final fairness hearing in August 2023. The settlement is expected to be fully funded by directors and officers liability insurance, subject to the terms and conditions thereof, with no contribution expected from the Company or the individual defendants. By agreeing to resolve the matter, neither the Company nor any of the individual defendants are admitting any liability or wrongdoing, and they have expressly denied both. Rather, defendants entered into the settlement to eliminate the risks, costs, and distractions associated with further litigation of this matter. The outcome of these legal proceedings cannot be predicted with certainty. On January 12, 2023, a purported shareholder filed a putative class action lawsuit captioned John Haynes v. Charles B. Lebovitz, et al. , C.A. No. 2023-0033-NAC, in the Delaware Court of Chancery (the “Delaware Action”), naming the Company and certain directors as defendants. The Delaware Action alleged a claim against the Company for violation of Delaware General Corporation Law § 213(a) due to an improper record date for the 2022 annual meeting, and a claim for breach of fiduciary duty against the director defendants. The Delaware Action sought, among other things, a declaration that the directors breached their fiduciary duties, an equitable accounting, unspecified monetary relief, and attorneys’ fees. Defendants denied that any such relief was warranted, and on February 15, 2023, the Delaware Action was voluntarily dismissed. The Company is currently involved in certain other litigation that arises in the ordinary course of business, most of which is expected to be covered by liability insurance. Management makes assumptions and estimates concerning the likelihood and amount of any potential loss relating to these matters using the latest information available. The Company records a liability for litigation if an unfavorable outcome is probable and the amount of loss or range of loss can be reasonably estimated. If an unfavorable outcome is probable and a reasonable estimate of the loss is a range, the Company accrues the best estimate within the range. If no amount within the range is a better estimate than any other amount, the Company accrues the minimum amount within the range. If an unfavorable outcome is probable but the amount of the loss cannot be reasonably estimated, the Company discloses the nature of the litigation and indicates that an estimate of the loss or range of loss cannot be made. If an unfavorable outcome is reasonably possible and the estimated loss is material, the Company discloses the nature and estimate of the possible loss of the litigation. Based on current expectations, such matters, both individually and in the aggregate, are not expected to have a material adverse effect on the liquidity, results of operations, business or financial condition of the Company. Environmental Contingencies The Company evaluates potential loss contingencies related to environmental matters using the same criteria described above related to litigation matters. Based on current information, an unfavorable outcome concerning such environmental matters, both individually and in the aggregate, is considered to be reasonably possible. However, the Company believes its maximum potential exposure to loss would not be material to its results of operations or financial condition. The Company has a master insurance policy that provides coverage through 2027 for certain environmental claims up to $ 40,000 per occurrence and up to $ 40,000 in the aggregate, subject to deductibles and certain exclusions. At certain locations, individual policies are in place. Guarantees The Operating Partnership may guarantee the debt of a joint venture primarily because it allows the joint venture to obtain funding at a lower cost than could be obtained otherwise. This results in a higher return for the joint venture on its investment, and a higher return on the Operating Partnership's investment in the joint venture. The Operating Partnership may receive a fee from the joint venture for providing the guaranty. Additionally, when the Operating Partnership issues a guaranty, the terms of the joint venture agreement typically provide that the Operating Partnership may receive indemnification from the joint venture partner or have the ability to increase its ownership interest. The guarantees expire upon repayment of the debt, unless noted otherwise. The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022: As of June 30, 2023 Obligation Unconsolidated Affiliate Company's Outstanding Percentage Maximum Debt (1) June 30, 2023 December 31, 2022 West Melbourne I, LLC - Phase I 50 % $ 36,159 50 % $ 18,080 Feb-2025 (2) $ 181 $ 185 West Melbourne I, LLC - Phase II 50 % 11,484 50 % 5,742 Feb-2025 (2) 57 59 Port Orange I, LLC 50 % 48,348 50 % 24,174 Feb-2025 (2) 242 247 Ambassador Infrastructure, LLC 65 % 5,749 100 % 5,749 Mar-2025 57 70 CBL-TRS Med OFC Holding, LLC (3) 50 % — 100 % 3,895 Jun-2030 19 — Atlanta Outlet JV, LLC 50 % 4,355 100 % 4,355 Nov-2023 — — Total guaranty liability $ 556 $ 561 (1) Excludes any extension options. (2) These loans have a one-year extension option at the joint venture’s election. (3) The Operating Partnership has guaranteed the construction debt of CBL DMC I, LLC, a joint venture in which CBL-TRS Med OFC Holding, LLC owns a 50 % interest. For the three and six months ended June 30, 2023 and 2022, the Company evaluated each guaranty, listed in the table above, individually by evaluating the debt service ratio, cash flow forecasts and the performance of each loan, where applicable. The result of the analysis was that each loan is current and performing. The Company did not record a credit loss related to the guarantees listed in the table above for the three or six months ended June 30, 2023 and 2022.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2023
Share Based Compensation [Abstract]
Share-Based Compensation	Note 12 – Share-B ased Compensation Restricted Stock Awards Compensation expense is recognized on a straight-line basis over the requisite service period. The share-based compensation expense related to restricted stock a wards granted under the CBL & Associates Properties, Inc. 2021 Equity Incentive Plan ("EIP") was $ 1,797 and $ 3,640 for the three and six months ended June 30, 2023, respectively. The share-based compensation expense related to the restricted stock awards was $ 1,696 and $ 3,318 for the three and six months ended June 30, 2022, respectively. As of June 30, 2023, there was $ 16,530 of total unrecognized compensation cos t related to unvested restricted stock awards, which is expected to be recognized over a weighted-average period of 2.4 years. Share-based compensation cost resulting from share-based awards is recorded at the Management Company, which is a taxable entity. A summary of the status of the Company’s nonvested restricted stock awards as of June 30, 2023, and changes during the six months ended June 30, 2023, are presented below: Shares Weighted- Nonvested at January 1, 2023 662,875 $ 27.42 Granted 356,278 $ 26.21 Vested ( 265,341 ) $ 26.25 Forfeited ( 12,780 ) $ 26.13 Nonvested at June 30, 2023 741,032 $ 27.28 The total grant-date fair value of restricted stock awards granted during the six months ended June 30, 2023 was $ 9,336 . The total fair value of restricted stock awards that vested during the six months ended June 30, 2023 was $ 6,755 . Performance Stock Awards In February 2023, the compensation committee of the board of directors established a long-term incentive program (“LTIP”) under the EIP and approved 2023 LTIP awards consisting of both a PSU component ( 55 % - 60 % of the LTIP award) and a restricted stock award component ( 40 % - 45 % of the LTIP award). The amount of common stock that may be issued for the PSU component upon the conclusion of the applicable three-year performance period will be determined by two measures: (i) a portion ( 40 %) of the number of shares issued will be determined based on the Company’s achievement of specified levels of long-term relative Total Stockholder Return (“ TSR ”) performance (stock price appreciation plus aggregate dividends) versus the Retail Sector Component (excluding companies comprising the Free-Standing Subsector) of the Financial Times Stock Exchange ("FTSE") National Association of Real Estate Investment Trusts ("NAREIT") All Equity REIT Index, provided that at least a “Threshold” level must be attained for any shares to be received, and (ii) a portion ( 60 %) of such number of shares issued will be determined based on the Company’s absolute TSR performance over such period, provided again that at least a “Threshold” level must be attained for any shares to be received. The restricted stock award component consists of time-vesting restricted stock, of which a third of the award vests equally over the three-year performance period. Compensation cost for the PSUs granted in February 2023 is recognized on a straight-line basis over the service period since it is longer than the performance period. The resulting expense is recorded regardless of whether any PSU awards are earned as long as the required service period is met. For the PSUs granted in February 2022, each quarter, management assesses the probability that the measures associated with the Company's outstanding PSU awards will be attained. The Company begins recognizing compensation expense on a straight-line basis over the remaining service period once the PSU award measures are deemed probable of achievement. See Note 16 to the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 for a description of the PSUs granted in February 2022 . Share-based compensation expense related to the 2022 and 2023 PSUs granted under the EIP was $ 1,410 and $ 2,819 for the th ree and six months ended June 30, 2023, respectively; and $ 1,122 and $ 2,243 for the three and six months ended June 30, 2022, respectively. The unrecognized compensation expense related to the 2022 and 2023 PSUs was $ 15,626 as of June 30, 2023, which is expected to be recognized over a weighted-average period of 2.8 years. A summary of the status of the Company’s outstanding 2022 and 2023 PSU awards as of June 30, 2023, and changes during the six months ended June 30, 2023, are presented below: PSUs Weighted- Outstanding at January 1, 2023 607,128 $ 24.69 2023 PSUs granted 157,789 $ 38.79 Incremental PSUs granted (1) 22,621 $ 23.81 Forfeited ( 51,019 ) $ 24.87 Outstanding at June 30, 2023 736,519 $ 27.82 (1) PSUs granted shall be adjusted as if the shares of common stock represented by such PSUs had received any applicable stock or cash dividends declared. As for stock dividends, a number of PSUs shall be added to the target amount corresponding to the number of shares of common stock that would have been payable per such stock dividend on the then outstanding number of PSUs under the agreement as if common stock had been issued for such PSUs. As to cash dividends, a number of PSUs shall be added to the target amount corresponding to the number of shares of common stock that could have been acquired by the cash dividend payable on the then outstanding number of PSUs under the agreement as if common stock had been issued for such PSUs, and the calculation of the number of shares of common stock that could have been acquired shall be based on the closing price of the common stock on the record date for the cash dividend at issue. The total grant-date fair value of PSU awards granted during the six months ended June 30, 2023 w as $ 6,120 . The following table summarizes the assumptions used in the Monte Carlo simulation pricing model related to the PSUs granted in 2023: 2023 PSUs Grant date February 17, 2023 Fair value per share on valuation date (1) $ 38.79 Risk-free interest rate (2) 4.37 % Expected share price volatility (3) 62.50 % (1) The value of the PSU awards is estimated on the date of grant using a Monte Carlo simulation model. The valuation consists of computing the fair value using CBL's simulated stock price as well as TSR over a three-year performance period. The award is modeled as a contingent claim in that the expected return on the underlying shares is risk-free and the rate of discounting the payoff of the award is also risk-free. The weighted-average fair value per share related to the 2023 PSUs consists of 63,114 shares at a fair value of $ 40.64 per share (which relates to the relative TSR) and 94,675 shares at a fair value of $ 37.55 per share (which relates to absolute TSR). (2) The risk-free interest rate was based on the yield curve on zero-coupon U.S. Treasury securities in effect as of the valuation date, which is the grant date listed above. (3) The computation of expected volatility was based on the historical volatility of CBL's shares of common stock based on annualized daily total continuous returns over a three-year period and implied volatility data based on the trailing month average of daily implied volatilities implied by stock call option contracts that were both closest to the terms shown and closest to the money.

Noncash Investing and Financing

Noncash Investing and Financing Activities	6 Months Ended
	Jun. 30, 2023
Supplemental Cash Flow Information [Abstract]
Noncash Investing and Financing Activities	Note 13 – Noncash Investin g and Financing Activities The Company’s noncash investing and financing activities were as follows: Six Months Ended June 30, 2023 2022 Additions to real estate assets accrued but not yet paid $ 8,595 $ 10,195 Accrued dividends and distributions payable — 7,956 Deconsolidation upon loss of control (1) : Decrease in real estate assets ( 9,015 ) ( 18,810 ) Decrease in mortgage and other indebtedness 37,693 56,226 Decrease in operating assets and liabilities 3,352 5,686 Decrease in intangible lease and other assets ( 3,879 ) ( 6,852 ) (1) See Note 7 for additional information.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 14 – Sub sequent Events In July 2023, the Company redeemed $ 102,950 in U.S. Treasury securities and purchased $ 102,968 in new U.S. Treasury securities with maturities through July 2024 .

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Accounting Guidance Adopted	Accounting Guidance Adopted In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2020-04, "Reference Rate Reform," which provides temporary optional expedients and exceptions to the US GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates. Additional optional expedients, exceptions and clarifications were created in ASU 2021-01. The guidance is effective upon issuance and generally can be applied to any contract modifications or existing and new hedging relationships through December 31, 2024. The Company elected the expedients in conjunction with transitioning certain debt instruments to alternative benchmark indexes. During the six months ended June 30, 2023, there was no impact on our condensed consolidated financial statements at adoption through the use of the expedient.
Accounts Receivable	Accounts Receivable Receivables include amounts billed and currently due from tenants pursuant to lease agreements and receivables attributable to straight-line rents associated with those lease agreements. Individual leases where the collection of rents is in dispute are assessed for collectability based on management’s best estimate of collection considering the anticipated outcome of the dispute. Individual leases that are not in dispute are assessed for collectability and upon the determination that the collection of rents over the remaining lease term is not probable, accounts receivable are reduced as an adjustment to rental revenues. Revenue from leases where collection is deemed to be less than probable is recorded on a cash basis until collectability is determined to be probable. Further, management assesses whether operating lease receivables, at a portfolio level, are appropriately valued based upon an analysis of balances outstanding, historical collection levels and current economic trends. An allowance for the uncollectable portion of the portfolio is recorded as an adjustment to rental revenues. Management’s collection assessment took into consideration the type of retailer, billing disputes, lease negotiation status and executed deferral or abatement agreements, as well as recent rent collection experience and tenant bankruptcies based on the best information available to management at the time of evaluation.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2023
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Properties Owned by Operating Partnership	As of June 30, 2023, the Operating Partnership owned interests in the following properties: Malls (1) Outlet Centers (1) Lifestyle Centers (1) Open-Air Centers (2) Other (2)(3) Total Consolidated Properties 41 2 3 21 4 71 Unconsolidated Properties (4) 6 3 2 8 1 20 Total 47 5 5 29 5 91 (1) The Company has aggregated Malls, Outlet Centers and Lifestyle Centers into one reportable segment (the "Malls") because they have similar economic characteristics and they provide similar products and services to similar types of, and in many cases, the same tenants. (2) Included in “All Other” for purposes of segment reporting. (3) CBL's two consolidated corporate office buildings are included in the Other category. (4) The Operating Partnership accounts for these investments using the equity method.

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue From Contract With Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents the Company's revenues disaggregated by revenue source for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Rental revenues $ 124,842 $ 131,832 $ 255,166 $ 267,164 Revenues from contracts with customers (Accounting Standards Codification ("ASC") 606): Operating expense reimbursements 1,875 1,929 4,091 4,118 Management, development and leasing fees (1) 1,822 1,786 4,256 3,555 Marketing revenues (2) 575 759 1,220 744 4,272 4,474 9,567 8,417 Other revenues 753 712 1,493 1,539 Total revenues (3) $ 129,867 $ 137,018 $ 266,226 $ 277,120 (1) Included in All Other segment. (2) Marketing revenues solely relate to the Malls segment for all periods presented. (3) Sales taxes are excluded from revenues.
Schedule of Expected Recognition of Remaining Performance Obligation	As of June 30, 2023, the Company expects to recognize these amounts as revenue over the following periods: Performance obligation Less than 5 5 -20 Over 20 Total Fixed operating expense reimbursements $ 19,935 $ 43,837 $ 40,098 $ 103,870

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of Components of Lease Revenue	The components of rental revenues for the three and six months ended June 30, 2023 and 2022 are as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Fixed lease payments $ 104,391 $ 96,733 $ 203,372 $ 192,381 Variable lease payments 20,451 35,099 51,794 74,783 Total rental revenues $ 124,842 $ 131,832 $ 255,166 $ 267,164
Schedule of Undiscounted Future Lease Payments to be Received	The undiscounted future fixed lease payments to be received under the Company's operating leases as of June 30, 2023, are as follows: Years Ending December 31, Operating Leases 2023 (1) $ 197,813 2024 331,796 2025 260,067 2026 200,163 2027 146,936 2028 99,404 Thereafter 235,181 Total undiscounted lease payments $ 1,471,360 (1) Reflects rental payments for the fiscal period July 1, 2023 to December 31, 2023.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Interest Rate Swap Designated as Cash Flow Hedges of Interest Rate Risk	The following table sets forth information regarding the Company's interest rate swap that was designated as a cash flow hedge of interest rate risk for the six months ended June 30, 2023. See Note 8 for additional information. Fair Value Measurements at Reporting Date Using Asset Fair Value at June 30, 2023 Quoted Prices in Significant Significant Interest rate swap $ 880 $ — $ 880 $ —
Schedule of Debt Securities, Available-for-sale Measured at Fair Value	The table below sets forth information regarding the Company’s AFS securities that were measured at fair value for the six months ended June 30, 2023. Subsequent to June 30, 2023, the Company redeemed and purchased additional U.S. Treasury securities. See Note 14 for additional information. AFS Security (1) Amortized Allowance (2) Total unrealized loss Fair value as of June 30, 2023 (3) U.S. Treasury securities $ 255,412 $ — $ ( 540 ) $ 254,872 (1) The U.S. Treasury securities have maturities through April 2024. (2) U.S. Treasury securities have a long history with no credit losses. Additionally, the Company notes that U.S. Treasury securities are explicitly fully guaranteed by a sovereign entity that can print its own currency and that the sovereign entity’s currency is routinely held by central banks and other major financial institutions, is used in international commerce, and commonly viewed as a reserve currency, all of which qualitatively indicate that historical credit loss information should be minimally affected by current conditions and reasonable and supportable forecasts. Therefore, the Company did not record expected credit losses for its U.S. Treasury securities for the six months ended June 30, 2023. (3) The fair value was calculated using Level 1 inputs. The following table sets forth information regarding the Company’s AFS securities that were measured at fair value for the year ended December 31, 2022: AFS Security Amortized Allowance (1) Total unrealized loss Fair value as of December 31, 2022 (2) U.S. Treasury securities $ 293,476 $ — $ ( 1,054 ) $ 292,422 (1) U.S. Treasury securities have a long history with no credit losses. Additionally, the Company notes that U.S. Treasury securities are explicitly fully guaranteed by a sovereign entity that can print its own currency and that the sovereign entity’s currency is routinely held by central banks and other major financial institutions, is used in international commerce, and commonly viewed as a reserve currency, all of which qualitatively indicate that historical credit loss information should be minimally affected by current conditions and reasonable and supportable forecasts. Therefore, the Company did not record expected credit losses for its U.S. Treasury securities for the year ended December 31, 2022. (2) The fair value was calculated using Level 1 inputs.

Unconsolidated Affiliates and_2

Unconsolidated Affiliates and Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 30, 2023
Equity Method Investments And Joint Ventures [Abstract]
Schedule of Condensed Combined Financial Statement Information - Unconsolidated Affiliates	Condensed combined financial statement information of the unconsolidated affiliates is as follows: June 30, December 31, ASSETS: Investment in real estate assets $ 1,989,551 $ 1,971,348 Accumulated depreciation ( 859,514 ) ( 829,574 ) 1,130,037 1,141,774 Developments in progress 13,826 10,914 Net investment in real estate assets 1,143,863 1,152,688 Other assets 191,648 170,756 Total assets $ 1,335,511 $ 1,323,444 LIABILITIES: Mortgage and other indebtedness, net $ 1,345,090 $ 1,333,152 Other liabilities 42,266 33,419 Total liabilities 1,387,356 1,366,571 OWNERS' EQUITY (DEFICIT): The Company 12,347 3,123 Other investors ( 64,192 ) ( 46,250 ) Total owners' deficit ( 51,845 ) ( 43,127 ) Total liabilities and owners’ deficit $ 1,335,511 $ 1,323,444 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Total revenues $ 62,943 $ 65,551 $ 123,476 $ 129,288 Net income (1) $ 11,092 $ 12,384 $ 20,273 $ 33,062 (1) The Company's pro rata share of net income (loss) was $ 812 and $( 444 ) for the three and six months ended June 30, 2023, respectively. The Company's pro rata share of net income was $ 2,039 and $ 10,606 for the three and six months ended June 30, 2022, respectively.
Schedule of Variable Interest Entities	The table below lists the Company's unconsolidated VIEs as of June 30, 2023: Unconsolidated VIEs: Investment in Maximum Alamance Crossing CMBS, LLC (1) $ — $ — Ambassador Infrastructure, LLC (2) — 5,749 Atlanta Outlet JV, LLC (2) — 4,355 BI Development, LLC 105 105 BI Development II, LLC — — CBL-T/C, LLC — — CBL-TRS Med OFC Holding, LLC (3) 1,300 1,300 El Paso Outlet Center Holding, LLC — — Fremaux Town Center JV, LLC — — Louisville Outlet Shoppes, LLC — — Mall of South Carolina L.P. — — Vision - CBL Hamilton Place, LLC 2,210 2,210 Vision - CBL Mayfaire TC Hotel, LLC 1,800 1,800 $ 5,415 $ 15,519 (1) During the six months ended June 30, 2023, the property was placed into receivership. (2) The Operating P artnership has guaranteed all or a portion of the debt of each of these VIEs. See Note 11 for more information. (3) The Operating Partnership has guaranteed the construction debt of CBL DMC I, LLC, the joint venture in which CBL-TRS Med OFC Holding, LLC owns a 50 % interest. See Note 11 for more information.

Mortgage and Other Indebtedne_2

Mortgage and Other Indebtedness, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Pre-Emergence Net Mortgage Notes Payable	The Company’s mortgage and other indebtedness, net, consisted of the following: June 30, 2023 December 31, 2022 Amount Weighted- (1) Amount Weighted- (1) Fixed-rate debt: Open-air centers and outparcels loan (2) $ 180,000 6.95 % $ 180,000 6.95 % Non-recourse loans on operating properties 783,501 5.29 % 843,634 4.90 % Total fixed-rate debt 963,501 5.60 % 1,023,634 5.26 % Variable-rate debt: Secured term loan (3) 813,038 7.92 % 829,452 6.87 % Open-air centers and outparcels loan (2) 180,000 9.26 % 180,000 8.22 % Non-recourse loans on operating properties 55,440 8.30 % 56,490 7.26 % Total variable-rate debt 1,048,478 8.17 % 1,065,942 7.12 % Total fixed-rate and variable-rate debt 2,011,979 6.94 % 2,089,576 6.21 % Unamortized deferred financing costs ( 15,407 ) ( 17,101 ) Debt discounts (4) ( 54,523 ) ( 72,289 ) Total mortgage and other indebtedness, net $ 1,942,049 $ 2,000,186 (1) Weighted-average interest rate excludes amortization of deferred financing costs. (2) The Operating Partnership has an interest rate swap on a notional amount of $ 32,000 related to the variable portion of the loan to effectively fix the interest rate at 7.3975 %. (3) The Operating Partnership provided a limited guaranty up to a maximum of $ 175,000 (the “Principal Liability Cap”). The Principal Liability Cap will be reduced by an amount equal to 100 % of the first $ 2,500 in principal amortization made by HoldCo I each calendar year and will be reduced further by 50 % of the principal amortization payments made by HoldCo I each calendar year in excess of the first $ 2,500 in principal amortization for such calendar year. As of June 30, 2023, the Principal Liability Cap had been reduced to $ 127,390 . The Principal Liability Cap is eliminated when the loan balance is reduced below $ 650,000 , or if at any time after November 1, 2023, the debt yield ratio is greater than 15.0 %. (4) In conjunction with fresh start accounting, the Company estimated the fair value of its mortgage notes with the assistance of a third-party valuation advisor. This resulted in recognizing debt discounts upon emerging from bankruptcy. The debt discounts are accreted over the term of the respective debt using the effective interest method. The remaining debt discounts at June 30, 2023 will be accreted over a weighted average period of 2.6 years.
Schedule of Pre-Emergence Principal Payments	As of June 30, 2023, the scheduled principal amortization and balloon payments of the Company’s consolidated debt, excluding extensions available at the Company’s option, on all mortgage and other indebtedness, are as follows: 2023 (1) $ 39,522 2024 237,646 2025 908,717 2026 373,682 2027 360,896 2028 950 Thereafter 61,905 Total 1,983,318 Principal balance of a loan with a maturity date prior to June 30, 2023 (2) 28,661 Total mortgage and other indebtedness $ 2,011,979 (1) Reflects scheduled principal amortization and balloon payments for the fiscal period July 1, 2023 through December 31, 2023. (2) Represents the principal balance as of June 30, 2023 of the loan secured by WestGate M all, which is in maturity default. The Company is in discussions with the lender. The loan matured in July 2022 and had a balance of $ 28,661 as of June 30, 2023.
Schedule of Effective Portion of Changes In The Fair Value of Derivatives Designated As, and That Qualify As, Cash Flow Hedges	The effective portion of changes in the fair value of derivatives designated as, and that qualify as, cash flow hedges is recorded in accumulated other comprehensive income (loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Such derivatives were used to hedge the variable cash flows associated with variable-rate debt. Instrument Type Location in the Condensed Consolidated Balance Sheet Notional Index Fair Value at June 30, 2023 Maturity Date Pay fixed/Receive variable swap Intangible lease assets and other assets $ 32,000 1-month USD-SOFR CME $ 880 Jun-27 Gain Recognized in Other Comprehensive Income (Loss) Gain Recognized in Earnings Three Months Ended June 30, Three Months Ended June 30, Hedging Instrument 2023 2022 Location of Gain Reclassified from Accumulated Other Comprehensive Income (Loss) into Earnings 2023 2022 Interest rate swap $ 880 $ — Interest Expense $ 95 $ — Gain Recognized in Other Comprehensive Income (Loss) Gain Recognized in Earnings Six Months Ended June 30, Six Months Ended June 30, Hedging Instrument 2023 2022 Location of Gain Reclassified from Accumulated Other Comprehensive Income (Loss) into Earnings 2023 2022 Interest rate swap $ 880 $ — Interest Expense $ 95 $ —

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Information on Reportable Segments	Information on the Company’s segments is presented as follows: Three Months Ended June 30, 2023 Malls (1) All (2) Total Revenues (3) $ 110,622 $ 19,245 $ 129,867 Property operating expenses (4) ( 41,668 ) ( 4,311 ) ( 45,979 ) Interest expense ( 19,968 ) ( 24,205 ) ( 44,173 ) Loss on sales of real estate assets — ( 114 ) ( 114 ) Segment profit (loss) $ 48,986 $ ( 9,385 ) 39,601 Depreciation and amortization ( 49,742 ) General and administrative expense ( 16,156 ) Litigation settlement 74 Interest and other income 2,967 Income tax provision ( 219 ) Equity in earnings of unconsolidated affiliates 812 Net loss $ ( 22,663 ) Capital expenditures (5) $ 4,977 $ 3,527 $ 8,504 Three Months Ended June 30, 2022 Malls (1) All (2) Total Revenues (3) $ 117,191 $ 19,827 $ 137,018 Property operating expenses (4) ( 40,708 ) ( 5,088 ) ( 45,796 ) Interest expense ( 38,691 ) ( 16,426 ) ( 55,117 ) Gain on sales of real estate assets — 3 3 Other expense — ( 834 ) ( 834 ) Segment profit (loss) $ 37,792 $ ( 2,518 ) 35,274 Depreciation and amortization ( 64,476 ) General and administrative expense ( 18,450 ) Litigation settlement 65 Interest and other income 910 Reorganization items, net 613 Loss on impairment ( 252 ) Income tax benefit 472 Equity in earnings of unconsolidated affiliates 2,039 Net loss $ ( 43,805 ) Capital expenditures (5) $ 6,367 $ 1,351 $ 7,718 Six Months Ended June 30, 2023 Malls (1) All (2) Total Revenues (3) $ 226,505 $ 39,721 $ 266,226 Property operating expenses (4) ( 88,539 ) ( 8,366 ) ( 96,905 ) Interest expense ( 40,451 ) ( 47,246 ) ( 87,697 ) Gain on sales of real estate assets — 1,482 1,482 Other expense — ( 198 ) ( 198 ) Segment profit (loss) $ 97,515 $ ( 14,607 ) 82,908 Depreciation and amortization ( 103,011 ) General and administrative expense ( 35,385 ) Litigation settlement 118 Interest and other income 5,632 Gain on deconsolidation 28,151 Income tax provision ( 118 ) Equity in losses of unconsolidated affiliates ( 444 ) Net loss $ ( 22,149 ) Capital expenditures (5) $ 9,410 $ 6,629 $ 16,039 Six Months Ended June 30, 2022 Malls (1) All (2) Total Revenues (3) $ 238,619 $ 38,501 $ 277,120 Property operating expenses (4) ( 85,392 ) ( 8,749 ) ( 94,141 ) Interest expense ( 109,850 ) ( 35,926 ) ( 145,776 ) Gain on sales of real estate assets — 19 19 Other expense — ( 834 ) ( 834 ) Segment profit (loss) $ 43,377 $ ( 6,989 ) 36,388 Depreciation and amortization ( 133,419 ) General and administrative expense ( 36,524 ) Litigation settlement 146 Interest and other income 1,064 Reorganization items, net ( 958 ) Loss on impairment ( 252 ) Gain on deconsolidation 36,250 Income tax provision ( 329 ) Equity in earnings of unconsolidated affiliates 10,606 Net loss $ ( 87,028 ) Capital expenditures (5) $ 10,327 $ 3,221 $ 13,548 Total assets Malls (1) All (2) Total June 30, 2023 $ 1,580,656 $ 894,756 $ 2,475,412 December 31, 2022 $ 1,695,813 $ 982,430 $ 2,678,243 (1) The Malls category includes malls, lifestyle centers and outlet centers. (2) The All Other category includes open-air centers, outparcels, office buildings, corporate-level debt and the Management Company. (3) Management, development and leasing fees are included in All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source for each of the above segments. (4) Property operating expenses include property operating, real estate taxes and maintenance and repairs. (5) Includes additions to and acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category.

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Summary of Basic and Diluted EPS	The following table presents the calculation of basic and diluted EPS (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Basic earnings per share Net loss attributable to the Company $ ( 20,788 ) $ ( 41,388 ) $ ( 18,529 ) $ ( 82,110 ) Less: Dividends allocable to unvested restricted stock ( 281 ) ( 210 ) ( 561 ) ( 210 ) Net loss attributable to common shareholders ( 21,069 ) ( 41,598 ) ( 19,090 ) ( 82,320 ) Weighted-average basic shares outstanding 31,313 30,973 31,309 29,091 Net loss per share attributable to common shareholders $ ( 0.67 ) $ ( 1.34 ) $ ( 0.61 ) $ ( 2.83 ) Diluted earnings per share (1) Net loss attributable to common shareholders $ ( 21,069 ) $ ( 41,598 ) $ ( 19,090 ) $ ( 82,320 ) Weighted-average diluted shares outstanding 31,313 30,973 31,309 29,091 Net loss per share attributable to common shareholders $ ( 0.67 ) $ ( 1.34 ) $ ( 0.61 ) $ ( 2.83 ) (1) For the three and six months ended June 30, 2023, the computation of diluted EPS does not include contingently issuable shares related to PSUs and unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2023, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have included 94 and 75 contingently issuable shares, respectively, related to PSUs and unvested restricted stock awards. For the three and six months ended June 30, 2022, the computation of diluted EPS does not include contingently issuable shares related to PSUs and unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2022, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have included 187 and 177 contingently issuable shares, respectively, related to PSUs and unvested restricted stock awards.

Contingencies (Tables)

Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments And Contingencies Disclosure [Abstract]
Schedule of Guarantees	The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022: As of June 30, 2023 Obligation Unconsolidated Affiliate Company's Outstanding Percentage Maximum Debt (1) June 30, 2023 December 31, 2022 West Melbourne I, LLC - Phase I 50 % $ 36,159 50 % $ 18,080 Feb-2025 (2) $ 181 $ 185 West Melbourne I, LLC - Phase II 50 % 11,484 50 % 5,742 Feb-2025 (2) 57 59 Port Orange I, LLC 50 % 48,348 50 % 24,174 Feb-2025 (2) 242 247 Ambassador Infrastructure, LLC 65 % 5,749 100 % 5,749 Mar-2025 57 70 CBL-TRS Med OFC Holding, LLC (3) 50 % — 100 % 3,895 Jun-2030 19 — Atlanta Outlet JV, LLC 50 % 4,355 100 % 4,355 Nov-2023 — — Total guaranty liability $ 556 $ 561 (1) Excludes any extension options. (2) These loans have a one-year extension option at the joint venture’s election. (3) The Operating Partnership has guaranteed the construction debt of CBL DMC I, LLC, a joint venture in which CBL-TRS Med OFC Holding, LLC owns a 50 % interest.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Share Based Compensation [Abstract]
Schedule of Company Stock Awards	A summary of the status of the Company’s nonvested restricted stock awards as of June 30, 2023, and changes during the six months ended June 30, 2023, are presented below: Shares Weighted- Nonvested at January 1, 2023 662,875 $ 27.42 Granted 356,278 $ 26.21 Vested ( 265,341 ) $ 26.25 Forfeited ( 12,780 ) $ 26.13 Nonvested at June 30, 2023 741,032 $ 27.28
Schedule of PSU Activity	A summary of the status of the Company’s outstanding 2022 and 2023 PSU awards as of June 30, 2023, and changes during the six months ended June 30, 2023, are presented below: PSUs Weighted- Outstanding at January 1, 2023 607,128 $ 24.69 2023 PSUs granted 157,789 $ 38.79 Incremental PSUs granted (1) 22,621 $ 23.81 Forfeited ( 51,019 ) $ 24.87 Outstanding at June 30, 2023 736,519 $ 27.82 (1) PSUs granted shall be adjusted as if the shares of common stock represented by such PSUs had received any applicable stock or cash dividends declared. As for stock dividends, a number of PSUs shall be added to the target amount corresponding to the number of shares of common stock that would have been payable per such stock dividend on the then outstanding number of PSUs under the agreement as if common stock had been issued for such PSUs. As to cash dividends, a number of PSUs shall be added to the target amount corresponding to the number of shares of common stock that could have been acquired by the cash dividend payable on the then outstanding number of PSUs under the agreement as if common stock had been issued for such PSUs, and the calculation of the number of shares of common stock that could have been acquired shall be based on the closing price of the common stock on the record date for the cash dividend at issue.
Schedule of Assumptions used in the Monte Carlo Simulation Pricing Models	The following table summarizes the assumptions used in the Monte Carlo simulation pricing model related to the PSUs granted in 2023: 2023 PSUs Grant date February 17, 2023 Fair value per share on valuation date (1) $ 38.79 Risk-free interest rate (2) 4.37 % Expected share price volatility (3) 62.50 % (1) The value of the PSU awards is estimated on the date of grant using a Monte Carlo simulation model. The valuation consists of computing the fair value using CBL's simulated stock price as well as TSR over a three-year performance period. The award is modeled as a contingent claim in that the expected return on the underlying shares is risk-free and the rate of discounting the payoff of the award is also risk-free. The weighted-average fair value per share related to the 2023 PSUs consists of 63,114 shares at a fair value of $ 40.64 per share (which relates to the relative TSR) and 94,675 shares at a fair value of $ 37.55 per share (which relates to absolute TSR). (2) The risk-free interest rate was based on the yield curve on zero-coupon U.S. Treasury securities in effect as of the valuation date, which is the grant date listed above. (3) The computation of expected volatility was based on the historical volatility of CBL's shares of common stock based on annualized daily total continuous returns over a three-year period and implied volatility data based on the trailing month average of daily implied volatilities implied by stock call option contracts that were both closest to the terms shown and closest to the money.

Noncash Investing and Financi_2

Noncash Investing and Financing Activities (Tables)	6 Months Ended
	Jun. 30, 2023
Supplemental Cash Flow Information [Abstract]
Schedule of Noncash Investing and Financing Activities	The Company’s noncash investing and financing activities were as follows: Six Months Ended June 30, 2023 2022 Additions to real estate assets accrued but not yet paid $ 8,595 $ 10,195 Accrued dividends and distributions payable — 7,956 Deconsolidation upon loss of control (1) : Decrease in real estate assets ( 9,015 ) ( 18,810 ) Decrease in mortgage and other indebtedness 37,693 56,226 Decrease in operating assets and liabilities 3,352 5,686 Decrease in intangible lease and other assets ( 3,879 ) ( 6,852 ) (1) See Note 7 for additional information.

Organization and Basis of Pre_3

Organization and Basis of Presentation - Narrative (Details) $ in Thousands		6 Months Ended
		Jun. 30, 2023 USD ($) State Subsidiary	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of states in which entity operates | State		22
Reclassified restricted cash		$ 47,650	$ 97,231	$ 47,155
Other	[1]	$ 3,318	$ 3,876
Consolidated Properties | CBL Holdings
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership interest in qualified subsidiaries (as a percent)		100%
Subsidiaries
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of wholly owned subsidiaries | Subsidiary		2
Combined ownership by the subsidiaries in operating partnership (as a percent)		99.97%
Non-controlling limited partner interest ownership of CBL's related parties in the Operating Partnership (as a percent)		0.03%
Subsidiaries | CBL Associates Properties Inc
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership of the sole general partner in partnership (as a percent)		1%
Limited partnership interest owned by CBL Holdings II, Inc. in the operating partnership (as a percent)		98.97%
[1] As of June 30, 2023, includes $ 181,754 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 207,871 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7 .

Organization and Basis of Pre_4

Organization and Basis of Presentation - Properties Owned by Operating Partnership (Details)	6 Months Ended
	Jun. 30, 2023 Office_building Lifestyle_center Property Outlet_center OpenAir_center Other_property Mall Segment
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Malls | Mall	47
Outlet Centers | Outlet_center	5
Lifestyle Centers | Lifestyle_center	5
Open-Air Centers | OpenAir_center	29
Other | Other_property	5
Total Properties | Property	91
Malls
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of reportable segments | Segment	1
Consolidated Properties
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Malls | Mall	41
Outlet Centers | Outlet_center	2
Lifestyle Centers | Lifestyle_center	3
Open-Air Centers | OpenAir_center	21
Other | Other_property	4
Total Properties | Property	71
Consolidated Properties | Subsidiaries
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Office Buildings | Office_building	2
Unconsolidated Properties
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Malls | Mall	6
Outlet Centers | Outlet_center	3
Lifestyle Centers | Lifestyle_center	2
Open-Air Centers | OpenAir_center	8
Other | Other_property	1
Total Properties | Property	20

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation Of Revenue [Line Items]
Rental revenues		$ 124,842	$ 131,832	$ 255,166	$ 267,164
Revenues from contracts with customers (Accounting Standards Codification ("ASC") 606):		4,272	4,474	9,567	8,417
Total revenues	[1],[2]	129,867	137,018	266,226	277,120
Operating expense reimbursements
Disaggregation Of Revenue [Line Items]
Revenues from contracts with customers (Accounting Standards Codification ("ASC") 606):		1,875	1,929	4,091	4,118
Management, development and leasing fees
Disaggregation Of Revenue [Line Items]
Revenues from contracts with customers (Accounting Standards Codification ("ASC") 606):	[3]	1,822	1,786	4,256	3,555
Marketing revenues
Disaggregation Of Revenue [Line Items]
Revenues from contracts with customers (Accounting Standards Codification ("ASC") 606):	[4]	575	759	1,220	744
Other revenues
Disaggregation Of Revenue [Line Items]
Total revenues		$ 753	$ 712	$ 1,493	$ 1,539
[1] Management, development and leasing fees are included in All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source for each of the above segments. Sales taxes are excluded from revenues. Included in All Other segment. Marketing revenues solely relate to the Malls segment for all periods presented.

Revenues - Remaining Performanc

Revenues - Remaining Performance Obligations (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 103,870
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-04-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 19,935
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2028-04-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 43,837
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2043-04-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 40,098
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	20 years

Revenues - Remaining Performa_2

Revenues - Remaining Performance Obligations (Details 1) $ in Thousands	Jun. 30, 2023 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 103,870

Leases - Components of Rental R

Leases - Components of Rental Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Fixed lease payments	$ 104,391	$ 96,733	$ 203,372	$ 192,381
Variable lease payments	20,451	35,099	51,794	74,783
Total rental revenues	$ 124,842	$ 131,832	$ 255,166	$ 267,164

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments to be Received (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Operating Leases
2023	$ 197,813	[1]
2024	331,796
2025	260,067
2026	200,163
2027	146,936
2028	99,404
Thereafter	235,181
Total undiscounted lease payments	$ 1,471,360
[1] Reflects rental payments for the fiscal period July 1, 2023 to December 31, 2023.

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Interest Rate Swap Designated as Cash Flow Hedges of Interest Rate Risk (Details) - Interest Rate Swap $ in Thousands	Jun. 30, 2023 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value, Asset	$ 880
Significant Other Observable Inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value, Asset	$ 880

Fair Value Measurements - Debt

Fair Value Measurements - Debt Securities, Available-for-sale Measured at Fair Value (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value of mortgage and other indebtedness		$ 1,848,797	$ 1,833,992
Available-for-sale securities, amortized cost		255,412	293,476
Available-For-Sale Securities Held, Fair Value	[1]	254,872	292,422
U.S Treasury Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities, amortized cost		255,412	293,476
Available-For-Sale Securities Held, unrealized losses		(540)	(1,054)
Available-For-Sale Securities Held, Fair Value		$ 254,872	$ 292,422
[1] As of June 30, 2023, includes $ 181,754 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 207,871 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7 .

Fair Value Measurements - Long-

Fair Value Measurements - Long-Lived Assets Measured at Fair Value (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2023
Outparcel at Pavilion at Port Orange
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Proceeds from sale of real estate	$ 1,660,000
Loss from sales of real estate assets		$ (252,000)
Greenbrier Mall
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0
Alamance Crossing East
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value			$ 0

Dispositions - Summary (Details

Dispositions - Summary (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($) LandParcel	Jun. 30, 2023 USD ($) LandParcel	Jun. 30, 2022 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on sales of real estate assets	$ (114)	$ 1,482	$ 19
Alamance Crossing East
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on sales of real estate assets		28,151
Land Parcel Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on sales of real estate assets		$ 1,482
Number of stores sold (land parcel) | LandParcel	1	5
Proceeds from sale of real estate		$ 5,674

Unconsolidated Affiliates and_3

Unconsolidated Affiliates and Noncontrolling Interests - Narrative (Details) $ in Thousands	1 Months Ended		6 Months Ended
	May 31, 2023	Apr. 30, 2023 USD ($)	Jun. 30, 2023 USD ($) Entity	Jun. 30, 2022 USD ($)	Feb. 28, 2023
Schedule Of Equity Method Investments [Line Items]
Number of entities - equity method of accounting (entity) | Entity			25
Number of 50/50 joint ventures | Entity			17
Fair value carrying amount			$ 1,983,318
Debt instrument, maturity date	Jun. 07, 2027
Loan, fixed interest rate	7.3975%		7.3975%		4.25%
Gain on deconsolidation			$ 28,151	$ 36,250
Alamance Crossing CMBS, LLC
Schedule Of Equity Method Investments [Line Items]
Loan outstanding balance			41,122
Gain on deconsolidation			$ 28,151
CBL-TRS Joint Venture, LLC
Schedule Of Equity Method Investments [Line Items]
Fair value carrying amount		$ 148,000
Debt instrument face amount		$ 145,591
Debt instrument, maturity date		May 31, 2028
Loan, fixed interest rate		6.44%
Louisville Outlet Shoppes, LLC
Schedule Of Equity Method Investments [Line Items]
Debt instrument face amount		$ 7,247
CBL-TRS Med OFC Holding, LLC
Schedule Of Equity Method Investments [Line Items]
Ownership interest in joint venture (as a percent)			50%
Minimum
Schedule Of Equity Method Investments [Line Items]
Ownership in variable interest entity (as a percent)			50%
Minimum | Unconsolidated Affiliates
Schedule Of Equity Method Investments [Line Items]
Ownership interest in joint venture (as a percent)			33%
Maximum
Schedule Of Equity Method Investments [Line Items]
Ownership in variable interest entity (as a percent)			92%
Maximum | Unconsolidated Affiliates
Schedule Of Equity Method Investments [Line Items]
Ownership interest in joint venture (as a percent)			100%
CBL DMC I, LLC | CBL-TRS Med OFC Holding, LLC
Schedule Of Equity Method Investments [Line Items]
Ownership interest in joint venture (as a percent)			50%
Land contribution valuation amount			$ 2,600

Unconsolidated Affiliates and_4

Unconsolidated Affiliates and Noncontrolling Interests -Summarized Financial Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
ASSETS:
Investment in real estate assets	[1]	$ 1,789,653		$ 1,789,653			$ 1,795,312
Accumulated depreciation	[1]	(183,529)		(183,529)			(136,901)
Net investment in real estate assets	[1]	1,612,555		1,612,555			1,663,987
Developments in progress	[1]	6,431		6,431			5,576
Total assets	[1]	2,475,412		2,475,412			2,678,243
LIABILITIES:
Mortgage and other indebtedness, net		1,942,049		1,942,049			2,000,186
Total liabilities	[1]	2,150,311		2,150,311			2,311,114
OWNERS' EQUITY (DEFICIT):
The Company		334,025		334,025			370,541
Noncontrolling interests		(8,924)		(8,924)			(3,412)
Total equity		325,101	$ 461,625	325,101	$ 461,625	$ 357,605	367,129	$ 513,343	$ 401,100
Total liabilities, redeemable noncontrolling interests and equity		2,475,412		2,475,412			2,678,243
Total revenues	[2],[3]	129,867	137,018	266,226	277,120
Net income		(22,663)	(43,805)	(22,149)	(87,028)
BI Development II, LLC
ASSETS:
Investment in real estate assets		1,989,551		1,989,551			1,971,348
Accumulated depreciation		(859,514)		(859,514)			(829,574)
Net investment in real estate assets		1,130,037		1,130,037			1,141,774
Developments in progress		13,826		13,826			10,914
Net investment in real estate assets		1,143,863		1,143,863			1,152,688
Other assets		191,648		191,648			170,756
Total assets		1,335,511		1,335,511			1,323,444
LIABILITIES:
Mortgage and other indebtedness, net		1,345,090		1,345,090			1,333,152
Other liabilities		42,266		42,266			33,419
Total liabilities		1,387,356		1,387,356			1,366,571
OWNERS' EQUITY (DEFICIT):
The Company		12,347		12,347			3,123
Noncontrolling interests		(64,192)		(64,192)			(46,250)
Total equity		(51,845)		(51,845)			(43,127)
Total liabilities, redeemable noncontrolling interests and equity		1,335,511		1,335,511			$ 1,323,444
Total revenues		62,943	65,551	123,476	129,288
Net income	[4]	$ 11,092	$ 12,384	$ 20,273	$ 33,062
[1] As of June 30, 2023, includes $ 181,754 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 207,871 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7 . Management, development and leasing fees are included in All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source for each of the above segments. Sales taxes are excluded from revenues. The Company's pro rata share of net income (loss) was $ 812 and $( 444 ) for the three and six months ended June 30, 2023, respectively. The Company's pro rata share of net income was $ 2,039 and $ 10,606 for the three and six months ended June 30, 2022, respectively.

Unconsolidated Affiliates and_5

Unconsolidated Affiliates and Noncontrolling Interests - Summarized Financial Information (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Schedule Of Equity Method Investments [Line Items]
Equity in earnings (losses) of unconsolidated affiliates	$ 812	$ 2,039	$ (444)	$ 10,606
B I Development I I L L C [Member]
Schedule Of Equity Method Investments [Line Items]
Equity in earnings (losses) of unconsolidated affiliates	$ 812	$ 2,039	$ (444)	$ 10,606

Unconsolidated Affiliates and_6

Unconsolidated Affiliates and Noncontrolling Interests - Variable Interest Entities (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities	[1]	$ 2,475,412	$ 2,678,243
BI Development II, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		1,335,511	$ 1,323,444
Unconsolidated VIEs
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		5,415
Maximum Risk of Loss, Unconsolidated		15,519
Unconsolidated VIEs | Ambassador Infrastructure, LLC
Schedule Of Equity Method Investments [Line Items]
Maximum Risk of Loss, Unconsolidated	[2]	5,749
Unconsolidated VIEs | Atlanta Outlet JV, LLC
Schedule Of Equity Method Investments [Line Items]
Maximum Risk of Loss, Unconsolidated	[2]	4,355
Unconsolidated VIEs | BI Development, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		105
Maximum Risk of Loss, Unconsolidated		105
Unconsolidated VIEs | CBL-TRS Med OFC Holding, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities	[3]	1,300
Maximum Risk of Loss, Unconsolidated	[3]	1,300
Unconsolidated VIEs | Vision-CBL Hamilton Place, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		2,210
Maximum Risk of Loss, Unconsolidated		2,210
Unconsolidated VIEs | Vision - CBL Mayfaire TC Hotel, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		1,800
Maximum Risk of Loss, Unconsolidated		$ 1,800
[1] As of June 30, 2023, includes $ 181,754 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 207,871 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7 . The Operating P artnership has guaranteed all or a portion of the debt of each of these VIEs. See Note 11 for more information. The Operating Partnership has guaranteed the construction debt of CBL DMC I, LLC, the joint venture in which CBL-TRS Med OFC Holding, LLC owns a 50 % interest. See Note 11 for more information.

Unconsolidated Affiliates and_7

Unconsolidated Affiliates and Noncontrolling Interests - Variable Interest Entities (Parenthetical) (Details) - CBL-TRS Med OFC Holding, LLC	Jun. 30, 2023
Schedule Of Equity Method Investments [Line Items]
Ownership interest in joint venture (as a percent)	50%
CBL DMC I, LLC
Schedule Of Equity Method Investments [Line Items]
Ownership interest in joint venture (as a percent)	50%
Unconsolidated VIEs | CBL DMC I, LLC
Schedule Of Equity Method Investments [Line Items]
Ownership interest in joint venture (as a percent)	50%

Mortgage and Other Indebtedne_3

Mortgage and Other Indebtedness, Net - Debt of Operating Partnership (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2023	May 31, 2023	Feb. 28, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Mortgage notes payable		$ 963,501			$ 1,023,634
Mortgage and other indebtedness, variable-rate debt		1,048,478			1,065,942
Total fixed-rate and variable-rate debt		2,011,979			2,089,576
Unamortized deferred financing costs		(15,407)			(17,101)
Debt discounts	[1]	(54,523)			(72,289)
Total mortgage and other indebtedness, net		$ 1,942,049			$ 2,000,186
Weighted average interest rate (as a percent)	[2]	6.94%			6.21%
Notional amount of the swap		$ 32,000	$ 32,000
Interest rate percentage		7.3975%	7.3975%	4.25%
Fair value carrying amount		$ 1,983,318
First Year | Exit Credit Agreement
Debt Instrument [Line Items]
Principal liability cap reduction percentage		50%
Principal amortization payments		$ 2,500
Minimum
Debt Instrument [Line Items]
Debt yield ratio		15%
Five Mortgage Notes Payable
Debt Instrument [Line Items]
Remaining debt discount amortization period		2 years 7 months 6 days
Fixed Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	5.60%			5.26%
Variable Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	8.17%			7.12%
Non-Recourse Loans on Operating Properties
Debt Instrument [Line Items]
Mortgage notes payable		$ 783,501			$ 843,634
Mortgage and other indebtedness, variable-rate debt		$ 55,440			$ 56,490
Non-Recourse Loans on Operating Properties | Fixed Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	5.29%			4.90%
Non-Recourse Loans on Operating Properties | Variable Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	8.30%			7.26%
Secured Term Loan
Debt Instrument [Line Items]
Mortgage and other indebtedness, variable-rate debt	[3]	$ 813,038			$ 829,452
Secured Term Loan | Variable Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2],[3]	7.92%			6.87%
Open-Air Centers and Outparcels Loan
Debt Instrument [Line Items]
Mortgage notes payable	[4]	$ 180,000			$ 180,000
Mortgage and other indebtedness, variable-rate debt	[4]	$ 180,000			$ 180,000
Open-Air Centers and Outparcels Loan | Fixed Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2],[4]	9.26%			8.22%
Open-Air Centers and Outparcels Loan | Variable Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2],[4]	6.95%			6.95%
Senior Secured Term Loan | Exit Credit Agreement
Debt Instrument [Line Items]
Limited guaranty eliminated loan balance reduced amount		$ 650,000
Senior Secured Term Loan | First Year | Exit Credit Agreement
Debt Instrument [Line Items]
Principal liability cap reduction percentage		100%
Senior Secured Term Loan | Maximum | Exit Credit Agreement
Debt Instrument [Line Items]
Undiscounted maximum exposure		$ 175,000
[1] In conjunction with fresh start accounting, the Company estimated the fair value of its mortgage notes with the assistance of a third-party valuation advisor. This resulted in recognizing debt discounts upon emerging from bankruptcy. The debt discounts are accreted over the term of the respective debt using the effective interest method. The remaining debt discounts at June 30, 2023 will be accreted over a weighted average period of 2.6 years. Weighted-average interest rate excludes amortization of deferred financing costs. The Operating Partnership provided a limited guaranty up to a maximum of $ 175,000 (the “Principal Liability Cap”). The Principal Liability Cap will be reduced by an amount equal to 100 % of the first $ 2,500 in principal amortization made by HoldCo I each calendar year and will be reduced further by 50 % of the principal amortization payments made by HoldCo I each calendar year in excess of the first $ 2,500 in principal amortization for such calendar year. As of June 30, 2023, the Principal Liability Cap had been reduced to $ 127,390 . The Principal Liability Cap is eliminated when the loan balance is reduced below $ 650,000 , or if at any time after November 1, 2023, the debt yield ratio is greater than 15.0 %. The Operating Partnership has an interest rate swap on a notional amount of $ 32,000 related to the variable portion of the loan to effectively fix the interest rate at 7.3975 %.

Mortgage and Other Indebtedne_4

Mortgage and Other Indebtedness, Net - Narrative (Details)		1 Months Ended			3 Months Ended	6 Months Ended	12 Months Ended
		Jun. 30, 2023 USD ($) $ / shares shares	May 31, 2023 USD ($)	Feb. 28, 2023	Mar. 31, 2023	Jun. 30, 2023 USD ($) Loan $ / shares shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) $ / shares shares
Debt Instrument [Line Items]
Mortgage and other indebtedness, net		$ 1,942,049,000				$ 1,942,049,000		$ 2,000,186,000
Interest rate percentage		7.3975%	7.3975%	4.25%		7.3975%
Debt instrument, maturity date			Jun. 07, 2027
Debt instrument extented maturity date				May 31, 2024
Fair value net liability		$ 0				$ 0
Fair value carrying amount		1,983,318,000				1,983,318,000
Notional amount of the swap		$ 32,000,000	$ 32,000,000			$ 32,000,000
Common stock, par value (USD per share) | $ / shares		$ 0.001				$ 0.001		$ 0.001
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year	[1]	$ 39,522,000				$ 39,522,000
Common stock issued (shares) | shares		32,054,421				32,054,421		31,780,075
Exit Credit Agreement | First Year
Debt Instrument [Line Items]
Principal liability cap reduction percentage						50%
Principal amortization payments						$ 2,500,000
Interest Rate Swap
Debt Instrument [Line Items]
Cash collateral		$ 1,920,000				$ 1,920,000
SOFR
Debt Instrument [Line Items]
Debt Instrument Adjustments to Basis Spread On Variable Rate					0.11448%
Loan, basis spread rate						2.75%
Operating Property Loan
Debt Instrument [Line Items]
Number of operating property loans (loan) | Loan						1
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year		$ 17,790,000				$ 17,790,000
Five Mortgage Notes Payable
Debt Instrument [Line Items]
Remaining debt discount amortization period						2 years 7 months 6 days
Scenario Forecast
Debt Instrument [Line Items]
Gain recognized in other comprehensive income (loss)							$ 600,000
Cross Creek Mall
Debt Instrument [Line Items]
Interest rate percentage		8.19%				8.19%
Debt instrument, maturity date		Jun. 30, 2025
Non-Recourse Loans on Operating Properties, Open-Air Centers and Outparcels Loan and Secured Term Loan
Debt Instrument [Line Items]
Mortgage and other indebtedness, net		$ 1,530,211,000				$ 1,530,211,000
Senior Secured Term Loan | Exit Credit Agreement
Debt Instrument [Line Items]
Principal liability cap		127,390,000				127,390,000
Limited guaranty eliminated loan balance reduced amount						$ 650,000,000
Senior Secured Term Loan | Exit Credit Agreement | First Year
Debt Instrument [Line Items]
Principal liability cap reduction percentage						100%
Senior Secured Term Loan | Exit Credit Agreement | Maximum
Debt Instrument [Line Items]
Undiscounted maximum exposure		$ 175,000,000				$ 175,000,000
[1] Reflects scheduled principal amortization and balloon payments for the fiscal period July 1, 2023 through December 31, 2023.

Mortgage and Other Indebtedne_5

Mortgage and Other Indebtedness, Net- Scheduled Principal Payments (Details) $ in Thousands		1 Months Ended	6 Months Ended
		May 31, 2023	Jun. 30, 2023 USD ($) Loan	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
2023	[1]		$ 39,522
2024			237,646
2025			908,717
2026			373,682
2027			360,896
2028			950
Thereafter			61,905
Total			1,983,318
Mortgage and other indebtedness, net			1,942,049	$ 2,000,186
Debt instrument, maturity date		Jun. 07, 2027
Westgate Mall
Debt Instrument [Line Items]
Mortgage and other indebtedness, net			$ 28,661
Debt instrument, maturity date			Jul. 31, 2022
Mortgages
Debt Instrument [Line Items]
Total mortgage and other indebtedness			$ 2,011,979
Operating Property Loan
Debt Instrument [Line Items]
2023			$ 17,790
Number of operating property loans (loan) | Loan			1
Operating Property Loan | Mortgages
Debt Instrument [Line Items]
Principal balance of a loan with a maturity date prior to June 30, 2023	[2]		$ 28,661
[1] Reflects scheduled principal amortization and balloon payments for the fiscal period July 1, 2023 through December 31, 2023. Represents the principal balance as of June 30, 2023 of the loan secured by WestGate M all, which is in maturity default. The Company is in discussions with the lender. The loan matured in July 2022 and had a balance of $ 28,661 as of June 30, 2023.

Mortgage and Other Indebtedne_6

Mortgage and Other Indebtedness, Net - Schedule of Effective Portion of Changes In The Fair Value of Derivatives Designated As, and That Qualify As, Cash Flow Hedges (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	6 Months Ended
	May 31, 2023	Jun. 30, 2023	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 32,000	$ 32,000	$ 32,000
Debt instrument, maturity date	Jun. 07, 2027
Pay fixed/Receive variable swap | Cash Flow Hedging | Intangible Lease Assets And Other Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount		32,000	$ 32,000
Debt instrument, maturity date			Jun. 07, 2027
Pay fixed/Receive variable swap | Cash Flow Hedging | 1-month USD-SOFR CME | Intangible Lease Assets And Other Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value		880	$ 880
Interest Rate Swap | Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain recognized in other comprehensive income (loss)		880	880
Interest Rate Swap | Cash Flow Hedging | Interest Expense | Gain Reclassified from Accumulated Other Comprehensive Income (Loss) into Earnings
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain recognized in earnings		$ 95	$ 95

Segment Information - Summary (

Segment Information - Summary (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total revenues	[1],[2]	$ 129,867	$ 137,018	$ 266,226	$ 277,120
Property operating expenses	[3]	(45,979)	(45,796)	(96,905)	(94,141)
Interest expense		(44,173)	(55,117)	(87,697)	(145,776)
Gain (loss) on sales of real estate assets		(114)	3	1,482	19
Other expense			(834)	(198)	(834)
Segment profit (loss)		39,601	35,274	82,908	36,388
Depreciation and amortization		(49,742)	(64,476)	(103,011)	(133,419)
General and administrative expense		(16,156)	(18,450)	(35,385)	(36,524)
Litigation settlement		74	65	118	146
Interest and other income		2,967	910	5,632	1,064
Gain on deconsolidation				(28,151)	(36,250)
Reorganization items, net			613		(958)
Loss on impairment			(252)		(252)
Income tax benefit (provision)		(219)	472	(118)	(329)
Equity in earnings (losses) of unconsolidated affiliates		812	2,039	(444)	10,606
Net loss		(22,663)	(43,805)	(22,149)	(87,028)
Capital expenditures	[4]	8,504	7,718	16,039	13,548
Total assets	[5]	2,475,412		2,475,412		$ 2,678,243
Malls
Segment Reporting Information [Line Items]
Total revenues	[1],[6]	110,622	117,191	226,505	238,619
Property operating expenses	[3],[6]	(41,668)	(40,708)	(88,539)	(85,392)
Interest expense	[6]	(19,968)	(38,691)	(40,451)	(109,850)
Segment profit (loss)	[6]	48,986	37,792	97,515	43,377
Capital expenditures	[4],[6]	4,977	6,367	9,410	10,327
Total assets	[6]	1,580,656		1,580,656		1,695,813
All Other
Segment Reporting Information [Line Items]
Total revenues	[1],[7]	19,245	19,827	39,721	38,501
Property operating expenses	[3],[7]	(4,311)	(5,088)	(8,366)	(8,749)
Interest expense	[7]	(24,205)	(16,426)	(47,246)	(35,926)
Gain (loss) on sales of real estate assets	[7]	(114)	3	1,482	19
Other expense	[7]		(834)	(198)	(834)
Segment profit (loss)	[7]	(9,385)	(2,518)	(14,607)	(6,989)
Capital expenditures	[4],[7]	3,527	$ 1,351	6,629	$ 3,221
Total assets	[7]	$ 894,756		$ 894,756		$ 982,430
[1] Management, development and leasing fees are included in All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source for each of the above segments. Sales taxes are excluded from revenues. Property operating expenses include property operating, real estate taxes and maintenance and repairs. Includes additions to and acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category. As of June 30, 2023, includes $ 181,754 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 207,871 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7 . The Malls category includes malls, lifestyle centers and outlet centers. The All Other category includes open-air centers, outparcels, office buildings, corporate-level debt and the Management Company.

Earnings per Share - Summary of

Earnings per Share - Summary of Calculation of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Basic earnings per share
Net loss attributable to the Company		$ (20,788)	$ (41,388)	$ (18,529)	$ (82,110)
Less: Dividends allocable to unvested restricted stock		(281)	(210)	(561)	(210)
Net loss attributable to common shareholders		$ (21,069)	$ (41,598)	$ (19,090)	$ (82,320)
Weighted-average basic shares outstanding		31,313	30,973	31,309	29,091
Net loss per share attributable to common shareholders		$ (0.67)	$ (1.34)	$ (0.61)	$ (2.83)
Diluted earnings per share
Net loss attributable to common shareholders	[1]	$ (21,069)	$ (41,598)	$ (19,090)	$ (82,320)
Weighted-average diluted shares outstanding	[1]	31,313	30,973	31,309	29,091
Net loss per share attributable to common shareholders	[1]	$ (0.67)	$ (1.34)	$ (0.61)	$ (2.83)
[1] For the three and six months ended June 30, 2023, the computation of diluted EPS does not include contingently issuable shares related to PSUs and unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2023, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have included 94 and 75 contingently issuable shares, respectively, related to PSUs and unvested restricted stock awards. For the three and six months ended June 30, 2022, the computation of diluted EPS does not include contingently issuable shares related to PSUs and unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2022, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have included 187 and 177 contingently issuable shares, respectively, related to PSUs and unvested restricted stock awards.

Earnings per Share - Summary _2

Earnings per Share - Summary of Calculation of Basic and Diluted EPS (Parenthetical) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Performance Stock Units (“PSUs”) and Nonvested Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of EPS (shares)	94	187	75	177

Contingencies - Environmental C

Contingencies - Environmental Contingencies (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Commitments And Contingencies Disclosure [Abstract]
Environmental liability insurance, maximum coverage per incident (up to)	$ 40,000
Environmental liability insurance, maximum coverage amount	$ 40,000

Contingencies - Guarantees (Det

Contingencies - Guarantees (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Guarantor Obligations [Line Items]
Obligation Recorded to Reflect Guaranty	$ 556	$ 561
Ambassador Infrastructure, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	65%
Outstanding Balance	$ 5,749
Percentage Guaranteed by the Operating Partnership (as a percent)	100%
Maximum Guaranteed Amount	$ 5,749
Obligation Recorded to Reflect Guaranty	$ 57	70
West Melbourne I, LLC - Phase I
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50%
Outstanding Balance	$ 36,159
Percentage Guaranteed by the Operating Partnership (as a percent)	50%
Maximum Guaranteed Amount	$ 18,080
Obligation Recorded to Reflect Guaranty	$ 181	185
West Melbourne I, LLC - Phase II
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50%
Outstanding Balance	$ 11,484
Percentage Guaranteed by the Operating Partnership (as a percent)	50%
Maximum Guaranteed Amount	$ 5,742
Obligation Recorded to Reflect Guaranty	$ 57	59
Port Orange I, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50%
Outstanding Balance	$ 48,348
Percentage Guaranteed by the Operating Partnership (as a percent)	50%
Maximum Guaranteed Amount	$ 24,174
Obligation Recorded to Reflect Guaranty	$ 242	$ 247
CBL-TRS Med OFC Holding, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50%
Percentage Guaranteed by the Operating Partnership (as a percent)	100%
Maximum Guaranteed Amount	$ 3,895
Obligation Recorded to Reflect Guaranty	$ 19
CBL-TRS Med OFC Holding, LLC | CBL DMC I, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50%
Atlanta Outlet Outparcels, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50%
Outstanding Balance	$ 4,355
Percentage Guaranteed by the Operating Partnership (as a percent)	100%
Maximum Guaranteed Amount	$ 4,355
West Melbourne I LLC Phase I, West Melbourne I LLC Phase II and Port Orange I, LLC
Guarantor Obligations [Line Items]
Option extension term of debt instrument	1 year

Share-Based Compensation - Summ

Share-Based Compensation - Summary (Details) - USD ($) $ / shares in Units, $ in Thousands				1 Months Ended	3 Months Ended			6 Months Ended
		Feb. 17, 2023		Feb. 28, 2023	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation cost						$ 2,818	$ 2,743
Weighted-Average Grant Date Fair Value
Weighted average grant-date fair value, granted								$ 6,120
Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation cost					$ 1,797	1,696		$ 3,640	$ 3,318
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested, beginning of period (shares)								662,875
Granted (shares)								356,278
Vested (shares)								(265,341)
Forfeited (shares)								(12,780)
Nonvested, end of period (shares)					741,032			741,032
Weighted-Average Grant Date Fair Value
Weighted average grant-date fair value, nonvested, beginning of period (USD per share)								$ 27.42
Weighted average grant-date fair value, granted (USD per share)								26.21
Weighted average grant-date fair value, vested (USD per share)								26.25
Weighted average grant-date fair value, forfeited (USD per share)								26.13
Weighted average grant-date fair value, nonvested, ending of period (USD per share)					$ 27.28			$ 27.28
Unrecognized compensation cost related to nonvested stock awards					$ 16,530			$ 16,530
Compensation cost to be recognized over a weighted-average period								2 years 4 months 24 days
Weighted average grant-date fair value, granted								$ 9,336
Total fair value of shares vested								$ 6,755
RSU component award vesting performance period				3 years
Granted (shares)								356,278
weighted-average grant date fair value					$ 27.28			$ 27.28
Restricted Stock Awards | Minimum
Weighted-Average Grant Date Fair Value
Component percentage in long-term incentive program				40%
Restricted Stock Awards | Maximum
Weighted-Average Grant Date Fair Value
Component percentage in long-term incentive program				45%
Performance Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation cost					$ 1,410	$ 1,122		$ 2,819	$ 2,243
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested, beginning of period (shares)								607,128
Granted (shares)								157,789
Forfeited (shares)								(51,019)
Nonvested, end of period (shares)					736,519			736,519
Weighted-Average Grant Date Fair Value
Weighted average grant-date fair value, nonvested, beginning of period (USD per share)								$ 24.69
Weighted average grant-date fair value, granted (USD per share)								38.79
Weighted average grant-date fair value, forfeited (USD per share)								24.87
Weighted average grant-date fair value, nonvested, ending of period (USD per share)		$ 38.79	[1]		$ 27.82			$ 27.82
Unrecognized compensation cost related to nonvested stock awards					$ 15,626			$ 15,626
Compensation cost to be recognized over a weighted-average period								2 years 9 months 18 days
Pecentage of shares issued based on achievement of long term relative TSR performance				40%
Percentage of shares issued based on achievement of TSR performance				60%
PSU component performance period				3 years
Performance period		3 years
Granted (shares)								157,789
Incremental granted (shares)	[2]							22,621
Weighted average incremental grant-date fair value, granted (USD per share)	[2]							23.81
weighted-average grant date fair value		$ 38.79	[1]		$ 27.82			$ 27.82
Risk-free interest rate (as a percent)	[3]	4.37%
Expected share price volatility (as a percent)	[4]	62.50%
Performance Stock Awards | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (shares)		63,114
Weighted-Average Grant Date Fair Value
Weighted average grant-date fair value, nonvested, ending of period (USD per share)		$ 40.64
Granted (shares)		63,114
weighted-average grant date fair value		$ 40.64
Performance Stock Awards | Officer
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (shares)		94,675
Weighted-Average Grant Date Fair Value
Weighted average grant-date fair value, nonvested, ending of period (USD per share)		$ 37.55
Granted (shares)		94,675
weighted-average grant date fair value		$ 37.55
Performance Stock Awards | Minimum
Weighted-Average Grant Date Fair Value
Component percentage in long-term incentive program				55%
Performance Stock Awards | Maximum
Weighted-Average Grant Date Fair Value
Component percentage in long-term incentive program				60%
[1] The value of the PSU awards is estimated on the date of grant using a Monte Carlo simulation model. The valuation consists of computing the fair value using CBL's simulated stock price as well as TSR over a three-year performance period. The award is modeled as a contingent claim in that the expected return on the underlying shares is risk-free and the rate of discounting the payoff of the award is also risk-free. The weighted-average fair value per share related to the 2023 PSUs consists of 63,114 shares at a fair value of $ 40.64 per share (which relates to the relative TSR) and 94,675 shares at a fair value of $ 37.55 per share (which relates to absolute TSR). PSUs granted shall be adjusted as if the shares of common stock represented by such PSUs had received any applicable stock or cash dividends declared. As for stock dividends, a number of PSUs shall be added to the target amount corresponding to the number of shares of common stock that would have been payable per such stock dividend on the then outstanding number of PSUs under the agreement as if common stock had been issued for such PSUs. As to cash dividends, a number of PSUs shall be added to the target amount corresponding to the number of shares of common stock that could have been acquired by the cash dividend payable on the then outstanding number of PSUs under the agreement as if common stock had been issued for such PSUs, and the calculation of the number of shares of common stock that could have been acquired shall be based on the closing price of the common stock on the record date for the cash dividend at issue. The risk-free interest rate was based on the yield curve on zero-coupon U.S. Treasury securities in effect as of the valuation date, which is the grant date listed above. The computation of expected volatility was based on the historical volatility of CBL's shares of common stock based on annualized daily total continuous returns over a three-year period and implied volatility data based on the trailing month average of daily implied volatilities implied by stock call option contracts that were both closest to the terms shown and closest to the money.

Noncash Investing and Financi_3

Noncash Investing and Financing Activities - Summary (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Other Significant Noncash Transactions [Line Items]
Additions to real estate assets accrued but not yet paid	$ 8,595	$ 10,195
Accrued dividends and distributions payable		7,956
Deconsolidation Upon Loss of Control
Other Significant Noncash Transactions [Line Items]
Decrease in real estate assets	(9,015)	(18,810)
Decrease in mortgage and other indebtedness	37,693	56,226
Decrease in operating assets and liabilities	3,352	5,686
Decrease in intangible lease and other assets	$ (3,879)	$ (6,852)

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended
	Jul. 31, 2023	May 31, 2023
Subsequent Event [Line Items]
Debt instrument, maturity date		Jun. 07, 2027
Subsequent Event | U.S Treasury Securities
Subsequent Event [Line Items]
U.S. treasury securities redeemed	$ 102,950
Purchases of U.S. treasury securities	$ 102,968
Debt instrument, maturity date	Jul. 31, 2024