CBL & Associates Properties (CBL) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2024
Cover [Abstract]
Entity Central Index Key	0000910612
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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
Trading Symbol	CBL
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Real estate assets:
Land	[1]	$ 582,949	$ 585,191
Buildings and improvements	[1]	1,219,644	1,216,054
Real estate assets	[1]	1,802,593	1,801,245
Accumulated depreciation	[1]	(263,950)	(228,034)
Real estate investment property, net, before developments in progress	[1]	1,538,643	1,573,211
Developments in progress	[1]	8,905	8,900
Net investment in real estate assets	[1]	1,547,548	1,582,111
Cash and cash equivalents	[1]	57,679	34,188
Restricted cash	[1]	83,559	88,888
Available-for-sale securities - at fair value (amortized cost of $238,300 and $261,869 as of June, 2024 and December 31, 2023, respectively)	[1]	238,108	262,142
Receivables:
Tenant	[1]	38,213	43,436
Other	[1]	2,795	2,752
Investments in unconsolidated affiliates	[1]	82,553	76,458
In-place leases, net	[1]	127,818	157,639
Intangible lease assets and other assets	[1]	143,428	158,291
Total assets	[1]	2,321,701	2,405,905
LIABILITIES AND EQUITY
Mortgage and other indebtedness, net		1,853,341	1,888,803
Accounts payable and accrued liabilities		169,374	186,485
Total liabilities	[1]	2,022,715	2,075,288
Shareholders' equity:
Common stock, $.001 par value, 200,000,000 shares authorized, 31,551,142 and 31,975,645 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively (excluding 12,534 treasury shares as of June 30, 2024 and excluding 34 treasury shares as of December 31, 2023)		32	32
Additional paid-in capital		709,307	719,125
Accumulated other comprehensive income		643	610
Accumulated deficit		(401,193)	(380,446)
Total shareholders' equity		308,789	339,321
Noncontrolling interests		(9,803)	(8,704)
Total equity		298,986	330,617
Total liabilities, redeemable noncontrolling interests and equity		$ 2,321,701	$ 2,405,905
[1] As of June 30, 2024, includes $ 178,452 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 208,139 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, 2024	Dec. 31, 2023
Available-for-sale securities, amortized cost		$ 238,300	$ 261,869
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)		31,551,142	31,975,645
Common stock outstanding (shares)		31,551,142	31,975,645
Common stock, treasury shares		12,534	34
Variable interest asset entities	[1]	$ 2,321,701	$ 2,405,905
Variable interest liability entities	[1]	2,022,715	$ 2,075,288
Variable Interest Entity Primary Beneficiary
Variable interest asset entities		178,452
Variable Interest Entity Primary Beneficiary | Nonrecourse
Variable interest liability entities		$ 208,139
[1] As of June 30, 2024, includes $ 178,452 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 208,139 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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
REVENUES:
Rental revenues		$ 124,071	$ 124,842	$ 248,098	$ 255,166
Management, development and leasing fees		1,817	1,822	3,722	4,256
Other		3,777	3,203	6,962	6,804
Total revenues	[1],[2]	129,665	129,867	258,782	266,226
EXPENSES:
Property operating		(20,740)	(21,507)	(44,567)	(46,121)
Depreciation and amortization		(38,664)	(49,742)	(76,704)	(103,011)
Real estate taxes		(13,028)	(14,481)	(22,297)	(29,269)
Maintenance and repairs		(9,179)	(9,991)	(19,117)	(21,515)
General and administrative		(14,831)	(16,156)	(35,245)	(35,385)
Loss on impairment				(836)
Litigation settlement		72	74	140	118
Other		(127)		(127)	(198)
Total expenses		(96,497)	(111,803)	(198,753)	(235,381)
OTHER INCOME (EXPENSES):
Interest and other income		4,082	2,967	8,086	5,632
Interest expense		(39,407)	(44,173)	(79,219)	(87,697)
Gain on deconsolidation					28,151
(Loss) gain on sales of real estate assets		(50)	(114)	3,671	1,482
Income tax provision		(650)	(219)	(492)	(118)
Equity in earnings (losses) of unconsolidated affiliates		7,148	812	11,742	(444)
Total other expenses		(28,877)	(40,727)	(56,212)	(52,994)
Net income (loss)		4,291	(22,663)	3,817	(22,149)
Net (income) loss attributable to noncontrolling interests in:
Other consolidated subsidiaries		453	1,875	977	3,620
Net income (loss) attributable to the Company		4,744	(20,788)	4,794	(18,529)
Earnings allocable to unvested restricted stock		(260)	(281)	(519)	(561)
Net income (loss) attributable to common shareholders		$ 4,484	$ (21,069)	$ 4,275	$ (19,090)
Basic and diluted per share data attributable to common shareholders:
Basic earnings per share		$ 0.14	$ (0.67)	$ 0.14	$ (0.61)
Diluted earnings per share	[3]	$ 0.14	$ (0.67)	$ 0.14	$ (0.61)
Weighted-average basic shares		31,150	31,313	31,348	31,309
Weighted-average diluted shares	[3]	31,156	31,313	31,351	31,309
[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, 2024, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the three and six months ended June 30, 2024, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2024, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,183 and 31,371 , respectively, including 27 and 20 , respectively, contingently issuable shares related to unvested restricted stock awards. 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 been 31,407 and 31,384 , respectively, including 94 and 75 , respectively, contingently issuable shares related to PSUs and unvested restricted stock awards.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 4,291	$ (22,663)	$ 3,817	$ (22,149)
Other comprehensive income (loss):
Unrealized gain on interest rate swap	35	880	497	880
Unrealized (loss) gain on available-for-sale securities	(118)	(17)	(464)	513
Total other comprehensive (loss) income	(83)	863	33	1,393
Comprehensive income (loss)	4,208	(21,800)	3,850	(20,756)
Comprehensive loss attributable to noncontrolling interests in:
Other consolidated subsidiaries	453	1,875	977	3,620
Comprehensive income (loss) attributable to the Company	4,661	(19,925)	4,827	(17,136)
Earnings allocable to unvested restricted stock	(260)	(281)	(519)	(561)
Comprehensive income (loss) attributable to common shareholders	$ 4,401	$ (20,206)	$ 4,308	$ (17,697)

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, 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)
Amortization of deferred compensation	1,843		1,843			1,843
Compensation expense related to performance stock units	1,409		1,409			1,409
Distributions to noncontrolling interests	(3)						(3)
Ending 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)
Amortization of deferred compensation	1,797		1,797			1,797
Compensation expense related to performance stock units	1,410		1,410			1,410
Distributions to noncontrolling interests	(1,889)						(1,889)
Ending balance at Jun. 30, 2023	325,101	32	715,163	339	(381,509)	334,025	(8,924)
Beginning balance at Dec. 31, 2023	330,617	32	719,125	610	(380,446)	339,321	(8,704)
Net income (loss)	(474)				50	50	(524)
Other comprehensive income (loss)	116			116		116
Dividends declared - common stock	(12,870)				(12,870)	(12,870)
Issuance of share of common stock associated with performance stock units net of shares withheld for tax	(769)		(769)			(769)
Amortization of deferred compensation	2,012		2,012			2,012
Compensation expense related to performance stock units	1,667		1,667			1,667
Distributions to noncontrolling interests	(133)						(133)
Cancellation of shares of restricted common stock	(292)		(292)			(292)
Repurchases of common stock	(5,037)		(5,037)			(5,037)
Contributions from noncontrolling interests	13						13
Ending balance at Mar. 31, 2024	314,850	32	716,706	726	(393,266)	324,198	(9,348)
Net income (loss)	4,291				4,744	4,744	(453)
Other comprehensive income (loss)	(83)			(83)		(83)
Dividends declared - common stock	(12,671)				(12,671)	(12,671)
Amortization of deferred compensation	2,124		2,124			2,124
Compensation expense related to performance stock units	1,441		1,441			1,441
Distributions to noncontrolling interests	(2)						(2)
Repurchases of common stock	(10,964)		(10,964)			(10,964)
Ending balance at Jun. 30, 2024	$ 298,986	$ 32	$ 709,307	$ 643	$ (401,193)	$ 308,789	$ (9,803)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Parenthetical) - shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Issuance of restricted common stock (shares)		145,352	152,905
Issuance of common stock associated with performance stock units net of shares withheld for tax (shares)		164,837	133,221
Cancellation of restricted common stock (shares)		12,484
Repurchases of common stock (shares)	482,797	239,411

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024		Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 3,817		$ (22,149)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	76,704		103,011
Net amortization of deferred financing costs, discounts on available-for-sale securities and debt discounts	4,963		15,330
Net amortization of intangible lease assets and liabilities	6,148		10,715
Gain on sales of real estate assets	(3,671)		(1,482)
Gain on insurance proceeds			(49)
Gain on deconsolidation			(28,151)
Write-off of development projects	127		17
Share-based compensation expense	7,244		6,459
Loss on impairment	836
Equity in (earnings) losses of unconsolidated affiliates	(11,742)		444
Distributions of earnings from unconsolidated affiliates	9,734		6,550
Change in estimate of uncollectable revenues	2,344		1,451
Change in deferred tax accounts	213		(839)
Changes in:
Tenant and other receivables	2,667		5,091
Other assets	1,509		158
Accounts payable and accrued liabilities	(5,929)		(12,320)
Net cash provided by operating activities	94,964		84,236
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to real estate assets	(13,939)		(17,464)
Proceeds from sales of real estate assets	6,694		5,279
Purchases of available-for-sale securities	(128,769)		(99,933)
Redemptions of available-for-sale securities	154,036		142,793
Additional investments in and advances to unconsolidated affiliates	(4,798)		(8,242)
Distributions in excess of equity in earnings of unconsolidated affiliates	886		4,430
Changes in other assets	(1,228)		(1,191)
Net cash provided by investing activities	12,882		25,672
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on mortgage and other indebtedness	(46,958)		(39,903)
Additions to deferred financing costs			(593)
Repurchases of common stock	(16,001)
Contributions from noncontrolling interests	13
Payment of tax withholdings for restricted stock awards and performance stock units	(1,062)		(1,793)
Distributions to noncontrolling interests	(135)		(1,892)
Dividends paid to common shareholders	(25,541)		(94,083)
Net cash used in financing activities	(89,684)		(138,264)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	18,162		(28,356)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	123,076		141,949
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	141,238		113,593
Reconciliation from consolidated statements of cash flows to consolidated balance sheets:
Cash and cash equivalents	57,679	[1]	24,919
Restricted cash:
Restricted cash	43,116		47,650
Mortgage escrows	40,443		41,024
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	141,238		113,593
SUPPLEMENTAL INFORMATION
Cash paid for interest, net of amounts capitalized	$ 68,585		$ 66,561
[1] As of June 30, 2024, includes $ 178,452 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 208,139 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7 .

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 4,744	$ (20,788)	$ 4,794	$ (18,529)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2024
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, 2024, the Operating Partnership owned interests in the following properties: Malls (1) Outlet Centers (1) Lifestyle Centers (1)(2) Open-Air Centers (3) Other (3)(4) Total Consolidated Properties 40 2 4 21 4 71 Unconsolidated Properties (5) 6 3 1 8 1 19 Total 46 5 5 29 5 90 (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) Alamance Crossing is made up of Alamance Crossing East and Alamance Crossing West. Alamance Crossing East was deconsolidated and placed into receivership in connection with the foreclosure process. Alamance Crossing West remains consolidated. The Company views Alamance Crossing as one property and therefore only Alamance Crossing West is reflected in the total count. (3) Included in “All Other” for purposes of segment reporting. (4) CBL's two consolidated corporate office buildings are included in the Other category. (5) 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, 2024, 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 98.98 % limited partner interest for a combined interest held by CBL of 99.98 %. As of June 30, 2024, third parties owned a 0.02 % 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, 2024 are not necessarily indicative of the results to be obtained for the full fiscal year. Reclassifications The Company reclassified above market leases, net, of $ 118,673 and below market leases, net, of $ 80,408 from individual line items to intangible lease assets and other assets and accounts payable and accrued liabilities, respectively, on the condensed consolidated balance sheets at December 31, 2023 to conform with the current period presentation. For the six months ended June 30, 2023, the Company reclassified payments received on mortgage and other notes receivable of $ 35 from an individual line item on the condensed consolidated statement of cash flows to changes in other assets from investing activities on the condensed consolidated statement of cash flows to conform with the current period presentation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
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. Since adoption, there has been no impact on our condensed consolidated financial statements through the use of the expedient. Accounting Guidance Not Yet Adopted On November 27, 2023, the FASB issued ASU 2023-07, Segment Reporting , which amends the existing standard's disclosure requirements. Among other things, ASU 2023-07 will require companies to disclose significant segment expenses by reportable segment if they are regularly provided to the Chief Operating Decision Maker ("CODM") and disclosures of the CODM's title and position, as well as details of how the CODM uses the reported measures. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023 and for interim periods beginning after December 15, 2024. The adoption of ASU 2023-07 is not expected to have a material impact on the Company's condensed consolidated financial statements. 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, 2024
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, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Rental revenues $ 124,071 $ 124,842 $ 248,098 $ 255,166 Revenues from contracts with customers: Operating expense reimbursements 1,960 1,875 4,220 4,091 Management, development and leasing fees (1) 1,817 1,822 3,722 4,256 Marketing revenues (2) 563 575 967 1,220 4,340 4,272 8,909 9,567 Other revenues 1,254 753 1,775 1,493 Total revenues (3) $ 129,665 $ 129,867 $ 258,782 $ 266,226 (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 noncancelable 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, 2024, 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 $ 19,252 $ 42,865 $ 38,636 $ 100,753 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, 2024
Leases [Abstract]
Leases	Note 4 – Leases The components of rental revenues for the three and six months ended June 30, 2024 and 2023 are as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Fixed lease payments $ 97,833 $ 104,391 $ 196,137 $ 203,372 Variable lease payments 26,238 20,451 51,961 51,794 Total rental revenues $ 124,071 $ 124,842 $ 248,098 $ 255,166 The undiscounted future fixed lease payments to be received under the Company's operating leases as of June 30, 2024, are as follows: Years Ending December 31, Operating Leases 2024 (1) $ 199,753 2025 337,271 2026 258,598 2027 197,304 2028 144,582 2029 96,436 Thereafter 242,828 Total undiscounted lease payments $ 1,476,772 (1) Reflects rental payments for the period July 1, 2024 to December 31, 2024.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
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 Accounting Standards Codification ("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 $ 1,743,913 and $ 1,806,486 as of June 30, 2024 and December 31, 2023, 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, 2024. See Note 8 for more information. Fair Value Measurements at Reporting Date Using Asset Fair Value at June 30, 2024 Quoted Prices in Significant Significant Interest rate swap $ 835 $ — $ 835 $ — During the six months ended June 30, 2024, 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, 2024 and for the year ended December 31, 2023: U.S. Treasury securities June 30, 2024 December 31, 2023 Amortized cost (1) $ 238,300 $ 261,869 Allowance for credit losses (2) — — Total unrealized (loss) gain ( 192 ) 273 Fair value (3) $ 238,108 $ 262,142 (1) The U.S. Treasury securities held as of June 30, 2024 have maturities through May 2025 . (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, 2024, nor for the year ended December 31, 2023. (3) 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 2024 During the six months e nded June 30, 2024, the Company sold an outparcel for less than its carrying value and recorded impairment of $ 836 . Long-lived Assets Measured at Fair Value in 2023 During the six months ended June 30, 2023 , the Company recognized gain on deconsolidation of $ 28,151 when it 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 more information.

Dispositions and Held for Sale

Dispositions and Held for Sale	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Dispositions and Held for Sale	Note 6 – Dispositio ns and Held for Sale 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. 2024 Dispositions During the three and six months ended June 30, 2024, the Company realized a loss of $ 50 and a gain of $ 3,671 , respectively, related to the sale of an anchor parcel. Gross proceeds from sales of real estate assets was $ 7,745 . In addition, the Company recorded a loss on impairment related to an outparcel that was sold. See Note 5 for more information. Subsequent to June 30, 2024, Layton Hills Mall was sold. See Note 14 for more information. 2023 Dispositions During the three months ended June 30, 2023, the Company realized a gain of $ 114 , primarily related to the sale of a land 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. Held for Sale As of June 30, 2024 and 2023, there were no properties that met the criteria to be classified as held for sale.

Unconsolidated Affiliates and N

Unconsolidated Affiliates and Noncontrolling Interests	6 Months Ended
	Jun. 30, 2024
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 2024 and 2023, 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, 2024, 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. 2024 Activity - Unconsolidated Affiliates Mall of South Carolina, LP and Mall of South Carolina Outparcel, LP Subsequent to June 30, 2024, the loans secured by Coastal Grand Mall and Coastal Grand Crossing entered maturity default. See Note 14 for more information. Vision-CBL Hamilton Place, LLC Subsequent to June 30, 2024, the loan secured by Hamilton Place Aloft Hotel was modified and extended. See Note 14 for more information. WestGate Mall CMBS, LLC In May 2024, the Company transferred title of the mall to the mortgage holder in satisfaction of the non-recourse debt secured by the property, which had a balance of $ 28,661 . 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 pla ced in receivership. As of June 30, 2024, the loan secured by Alamance Crossing East had an outstanding balance of $ 41,122 . Se e Note 5 for more information. CBL-TRS Med OFC Holding, LLC In June 2023, the Company and its joint venture partner in Friendly Center and The Shops at Friendly Center entered into a new 50/50 joint venture, CBL-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 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 $ 2,008,116 $ 2,010,269 Accumulated depreciation ( 913,330 ) ( 886,712 ) 1,094,786 1,123,557 Developments in progress 25,370 17,261 Net investment in real estate assets 1,120,156 1,140,818 Other assets 197,016 200,289 Total assets $ 1,317,172 $ 1,341,107 LIABILITIES: Mortgage and other indebtedness, net $ 1,321,646 $ 1,368,031 Other liabilities 43,680 45,577 Total liabilities 1,365,326 1,413,608 OWNERS' EQUITY (DEFICIT): The Company 13,759 12,290 Other investors ( 61,913 ) ( 84,791 ) Total owners' deficit ( 48,154 ) ( 72,501 ) Total liabilities and owners’ deficit $ 1,317,172 $ 1,341,107 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Total revenues $ 63,875 $ 62,943 $ 127,872 $ 123,476 Net income (1) $ 28,328 $ 11,092 $ 34,592 $ 20,273 (1) The Company's pro rata share of net income was $ 7,148 and $ 812 for the three months ended June 30, 2024 and 2023, respectively. The Company's pro rata share of net income (loss) was $ 11,742 and $( 444 ) for the six months ended June 30, 2024 and 2023, respectively. Variable Interest Entities The Operating Partnership and certain of its subsidiaries are VIEs primarily because the limited partners of these entities do not collectively possess substantive kick-out or participating rights. The Company consolidates the Operating Partnership because it 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, 2024, 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, 2024: Unconsolidated VIEs: Investment in Maximum Alamance Crossing CMBS, LLC (1) $ — $ — Ambassador Infrastructure, LLC (2) — 4,361 Atlanta Outlet JV, LLC — — BI Development, LLC 117 117 BI Development II, LLC 679 679 CBL-T/C, LLC — — CBL-TRS Med OFC Holding, LLC (3) 1,264 3,562 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 3,570 3,570 Vision - CBL Mayfaire TC Hotel, LLC 6,174 6,174 $ 11,804 $ 18,463 (1) During the year ended December 31, 2023, the property was placed into receivership. (2) The Operating P artnership has guaranteed all or a portion of the debt. 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, 2024
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. At June 30, 2024, all the Company's consolidated debt is non-recourse. The Company’s mortgage and other indebtedness, net, consisted of the following: June 30, 2024 December 31, 2023 Amount Weighted- (1) Amount Weighted- (1) Fixed-rate debt: Open-air centers and outparcels loan (2) $ 179,180 6.95 % $ 179,180 6.95 % Loans on operating properties 717,878 5.30 % 736,573 5.30 % Total fixed-rate debt 897,058 5.63 % 915,753 5.63 % Variable-rate debt: Secured term loan 787,590 8.19 % 799,914 8.21 % Open-air centers and outparcels loan (2) 179,180 9.43 % 179,180 9.44 % Loans on operating properties 33,180 8.83 % 33,780 8.84 % Recourse loan on an operating property — — 15,339 8.24 % Total variable-rate debt 999,950 8.44 % 1,028,213 8.44 % Total fixed-rate and variable-rate debt 1,897,008 7.11 % 1,943,966 7.12 % Unamortized deferred financing costs ( 10,952 ) ( 13,221 ) Debt discounts (3) ( 32,715 ) ( 41,942 ) Total mortgage and other indebtedness, net $ 1,853,341 $ 1,888,803 (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) In conjunction with fresh start accounting upon emergence from bankruptcy on November 1, 2021, 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, 2024 will be accreted over a weighted average period of 1.9 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 $ 1,367,368 at June 30, 2024. 2024 Loan Activity In February 2024, the Company redeemed U.S. Treasury securities and used the proceeds to pay off the $ 15,190 loan secured by Brookfield Square Anchor Redevelopment. In May 2024, the Company exercised the first one-year extension option on the loan secured by Fayette Mall. Scheduled Principal Payments As of June 30, 2024, 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: 2024 (1) $ 27,389 2025 1,042,967 2026 404,542 2027 359,255 2028 950 2029 1,007 Thereafter 60,898 Total mortgage and other indebtedness $ 1,897,008 (1) Reflects scheduled principal amortization for the period July 1, 2024 through December 31, 2024. The $ 27,389 of scheduled principal payments for the remainder of 2024 represents scheduled principal amortization, as all 2024 loan maturities have been addressed. 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, 2024 Maturity Date Pay fixed/Receive variable swap Intangible lease assets and other assets $ 32,000 1-month USD-SOFR CME $ 835 Jun-27 Three Months Ended June 30, Six Months Ended June 30, Hedging Instrument - Interest Rate Swap 2024 2023 2024 2023 Gain recognized in other comprehensive income (loss) (1) $ 35 $ 880 $ 497 $ 880 Gain recognized in earnings (1) $ 161 $ 95 $ 324 $ 95 (1) Gain reclassified from accumulated other comprehensive income into earnings shown in interest expense. 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 $ 502 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, 2024 , 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, 2024, 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, 2024
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 as follows: Three Months Ended June 30, 2024 Malls (1) All (2) Total Revenues (3) $ 108,211 $ 21,454 $ 129,665 Property operating expenses (4) ( 39,365 ) ( 3,582 ) ( 42,947 ) Interest expense ( 15,457 ) ( 23,950 ) ( 39,407 ) Loss on sales of real estate assets — ( 50 ) ( 50 ) Other expense — ( 127 ) ( 127 ) Segment profit (loss) $ 53,389 $ ( 6,255 ) 47,134 Depreciation and amortization ( 38,664 ) General and administrative expense ( 14,831 ) Litigation settlement 72 Interest and other income 4,082 Income tax provision ( 650 ) Equity in earnings of unconsolidated affiliates 7,148 Net income $ 4,291 Capital expenditures (5) $ 7,174 $ 2,272 $ 9,446 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 Six Months Ended June 30, 2024 Malls (1) All (2) Total Revenues (3) $ 217,787 $ 40,995 $ 258,782 Property operating expenses (4) ( 78,980 ) ( 7,001 ) ( 85,981 ) Interest expense ( 31,194 ) ( 48,025 ) ( 79,219 ) Gain on sales of real estate assets — 3,671 3,671 Other expense — ( 127 ) ( 127 ) Segment profit (loss) $ 107,613 $ ( 10,487 ) 97,126 Depreciation and amortization ( 76,704 ) General and administrative expense ( 35,245 ) Litigation settlement 140 Interest and other income 8,086 Loss on impairment ( 836 ) Income tax provision ( 492 ) Equity in earnings of unconsolidated affiliates 11,742 Net income $ 3,817 Capital expenditures (5) $ 11,669 $ 3,844 $ 15,513 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 Total assets Malls (1) All (2) Total June 30, 2024 $ 1,458,325 $ 863,376 $ 2,321,701 December 31, 2023 $ 1,546,610 $ 859,295 $ 2,405,905 (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, 2024
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, 2024 2023 2024 2023 Basic earnings per share Net income (loss) attributable to the Company $ 4,744 $ ( 20,788 ) $ 4,794 $ ( 18,529 ) Less: Earnings allocable to unvested restricted stock ( 260 ) ( 281 ) ( 519 ) ( 561 ) Net income (loss) attributable to common shareholders 4,484 ( 21,069 ) 4,275 ( 19,090 ) Weighted-average basic shares outstanding 31,150 31,313 31,348 31,309 Net income (loss) per share attributable to common shareholders $ 0.14 $ ( 0.67 ) $ 0.14 $ ( 0.61 ) Diluted earnings per share (1) Net income (loss) attributable to common shareholders $ 4,484 $ ( 21,069 ) $ 4,275 $ ( 19,090 ) Weighted-average diluted shares outstanding 31,156 31,313 31,351 31,309 Net income (loss) per share attributable to common shareholders $ 0.14 $ ( 0.67 ) $ 0.14 $ ( 0.61 ) (1) For the three and six months ended June 30, 2024, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the three and six months ended June 30, 2024, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2024, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,183 and 31,371 , respectively, including 27 and 20 , respectively, contingently issuable shares related to unvested restricted stock awards. 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 been 31,407 and 31,384 , respectively, including 94 and 75 , respectively, contingently issuable shares related to PSUs and unvested restricted stock awards.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Note 11 – Co ntingencies The Company is currently involved in 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, 2024 and December 31, 2023: As of June 30, 2024 Obligation Unconsolidated Affiliate Company's Outstanding Percentage Maximum Debt (1) June 30, 2024 December 31, 2023 West Melbourne I, LLC - Phase I 50 % $ 34,447 50 % $ 17,224 Feb-2025 (2) $ 172 $ 177 West Melbourne I, LLC - Phase II 50 % 10,696 50 % 5,348 Feb-2025 (2) 54 56 Port Orange I, LLC 50 % 45,848 50 % 22,924 Feb-2025 (2) 229 236 Ambassador Infrastructure, LLC 65 % 4,361 100 % 4,361 Mar-2025 44 57 CBL-TRS Med OFC Holding, LLC (3) 50 % 2,298 100 % 3,895 Jun-2030 19 19 Total guaranty liability $ 518 $ 545 (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, 2024 and 2023, the Company evaluated each guaranty, listed in the table above, 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, 2024 and 2023.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement, Noncash Expense [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 $ 2,089 and $ 4,077 for the three and six months ended June 30, 2024, respectively. The share-based compensation expense related to restricted stock awards was $ 1,797 and $ 3,640 for the three and six months ended June 30, 2023, respectively. Share-based compensation cost capitalized as part of real estate assets was $ 35 and $ 59 for the three and six months ended June 30, 2024, respectively. As of June 30, 2024, there was $ 12,838 of total unrecognized compensation cos t related to unvested restricted stock awards, which is expected to be recognized over a weighted-average period of 1.7 y ears. 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 unvested restricted stock awards as of June 30, 2024, and changes during the six months ended June 30, 2024, are presented below: Shares Weighted- Unvested at January 1, 2024 590,953 $ 27.02 Granted 145,352 $ 23.38 Vested ( 88,094 ) $ 26.24 Unvested at June 30, 2024 648,211 $ 26.31 The total grant-date fair value of restricted stock awards granted during the six months ended June 30, 2024 was $ 3,398 . The total fair value of restricted stock awards that vested during the six months ended June 30, 2024 was $ 2,096 . Performance Stock Unit Awards Compensation cost for the PSUs granted in February 2023 and February 2024 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. Share-based compensation expense related to the PSUs granted under the EIP was $ 1,441 and $ 3,108 for the th ree and six months ended June 30, 2024, respectively; and $ 1,410 and $ 2,819 for the three and six months ended June 30, 2023, respectively . The unrecognized compensation expense related to the PSUs was $ 13,816 as of June 30, 2024, which is expected to be recognized over a weighted-average period of 2.3 years assuming all PSUs are earned. A summary of the status of the Company’s outstanding PSU awards as of June 30, 2024, and changes during the six months ended June 30, 2024, are presented below: PSUs Weighted- Outstanding at January 1, 2024 563,581 $ 28.65 2024 PSUs granted 169,420 $ 24.30 Incremental PSUs granted (1) 23,148 $ 21.96 Outstanding at June 30, 2024 756,149 $ 27.47 (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, 2024 was $ 4,117 . The following table summarizes the assumptions used in the Monte Carlo simulation pricing model related to the PSUs granted in 2024: 2024 PSUs Grant date February 7, 2024 Fair value per share on valuation date (1) $ 24.30 Risk-free interest rate (2) 4.19 % Expected share price volatility (3) 40.00 % (1) The value of the 2024 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 2024 PSUs consists of 50,825 PSUs at a fair value of $ 29.38 per share (which relates to the relative TSR) and 118,595 PSUs at a fair value of $ 22.12 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 for the 2024 PSUs was based on the historical volatility of CBL's shares of common stock for a trading period equal to the time from the grant date to the end of the performance period. Since the performance period exceeds CBL's trading history, volatility indications of comparable public companies were also considered.

Noncash Investing and Financing

Noncash Investing and Financing Activities	6 Months Ended
	Jun. 30, 2024
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, 2024 2023 Additions to real estate assets accrued but not yet paid $ 10,339 $ 8,595 Deconsolidation upon loss of control (1) : Decrease in real estate assets — ( 9,015 ) Decrease in mortgage and other indebtedness — 37,693 Decrease in operating assets and liabilities — 3,352 Decrease in intangible lease and other assets — ( 3,879 ) (1) See Note 5 for more information.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 14 – Sub sequent Events In July 2024, the Company redeemed $108,265 in U.S. Treasury securities and purchased $108,264 in new U.S. Treasury securities with maturities through June 2025. In July 2024, the loan secured by Hamilton Place Aloft Hotel was modified and extended. The modified loan bears a fixed interest rate of 7.2 % and matures in June 2029 . In August 2024, the Company was notified by the lender that the loans secured by Coastal Grand Mall and Coastal Grand Crossing were in maturity default. The Company is in discussions with the lender regarding a loan modification/extension. In August 2024, the Company sold Layton Hills Mall. Proceeds from the sale were used to pay down $35,785 on the secured term loan. In August 2024, the share repurchase program was extended through December 31, 2024.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Accounting Guidance Adopted and Not Yet 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. Since adoption, there has been no impact on our condensed consolidated financial statements through the use of the expedient. Accounting Guidance Not Yet Adopted On November 27, 2023, the FASB issued ASU 2023-07, Segment Reporting , which amends the existing standard's disclosure requirements. Among other things, ASU 2023-07 will require companies to disclose significant segment expenses by reportable segment if they are regularly provided to the Chief Operating Decision Maker ("CODM") and disclosures of the CODM's title and position, as well as details of how the CODM uses the reported measures. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023 and for interim periods beginning after December 15, 2024. The adoption of ASU 2023-07 is not expected to have a material impact on the Company's condensed consolidated financial statements.
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, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Properties Owned by Operating Partnership	As of June 30, 2024, the Operating Partnership owned interests in the following properties: Malls (1) Outlet Centers (1) Lifestyle Centers (1)(2) Open-Air Centers (3) Other (3)(4) Total Consolidated Properties 40 2 4 21 4 71 Unconsolidated Properties (5) 6 3 1 8 1 19 Total 46 5 5 29 5 90 (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) Alamance Crossing is made up of Alamance Crossing East and Alamance Crossing West. Alamance Crossing East was deconsolidated and placed into receivership in connection with the foreclosure process. Alamance Crossing West remains consolidated. The Company views Alamance Crossing as one property and therefore only Alamance Crossing West is reflected in the total count. (3) Included in “All Other” for purposes of segment reporting. (4) CBL's two consolidated corporate office buildings are included in the Other category. (5) The Operating Partnership accounts for these investments using the equity method.

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Rental revenues $ 124,071 $ 124,842 $ 248,098 $ 255,166 Revenues from contracts with customers: Operating expense reimbursements 1,960 1,875 4,220 4,091 Management, development and leasing fees (1) 1,817 1,822 3,722 4,256 Marketing revenues (2) 563 575 967 1,220 4,340 4,272 8,909 9,567 Other revenues 1,254 753 1,775 1,493 Total revenues (3) $ 129,665 $ 129,867 $ 258,782 $ 266,226 (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, 2024, 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 $ 19,252 $ 42,865 $ 38,636 $ 100,753

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Components of Lease Revenue	The components of rental revenues for the three and six months ended June 30, 2024 and 2023 are as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Fixed lease payments $ 97,833 $ 104,391 $ 196,137 $ 203,372 Variable lease payments 26,238 20,451 51,961 51,794 Total rental revenues $ 124,071 $ 124,842 $ 248,098 $ 255,166
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, 2024, are as follows: Years Ending December 31, Operating Leases 2024 (1) $ 199,753 2025 337,271 2026 258,598 2027 197,304 2028 144,582 2029 96,436 Thereafter 242,828 Total undiscounted lease payments $ 1,476,772 (1) Reflects rental payments for the period July 1, 2024 to December 31, 2024.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024. See Note 8 for more information. Fair Value Measurements at Reporting Date Using Asset Fair Value at June 30, 2024 Quoted Prices in Significant Significant Interest rate swap $ 835 $ — $ 835 $ —
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, 2024 and for the year ended December 31, 2023: U.S. Treasury securities June 30, 2024 December 31, 2023 Amortized cost (1) $ 238,300 $ 261,869 Allowance for credit losses (2) — — Total unrealized (loss) gain ( 192 ) 273 Fair value (3) $ 238,108 $ 262,142 (1) The U.S. Treasury securities held as of June 30, 2024 have maturities through May 2025 . (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, 2024, nor for the year ended December 31, 2023. (3) Fair value was calculated using Level 1 inputs.

Unconsolidated Affiliates and_2

Unconsolidated Affiliates and Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 30, 2024
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 $ 2,008,116 $ 2,010,269 Accumulated depreciation ( 913,330 ) ( 886,712 ) 1,094,786 1,123,557 Developments in progress 25,370 17,261 Net investment in real estate assets 1,120,156 1,140,818 Other assets 197,016 200,289 Total assets $ 1,317,172 $ 1,341,107 LIABILITIES: Mortgage and other indebtedness, net $ 1,321,646 $ 1,368,031 Other liabilities 43,680 45,577 Total liabilities 1,365,326 1,413,608 OWNERS' EQUITY (DEFICIT): The Company 13,759 12,290 Other investors ( 61,913 ) ( 84,791 ) Total owners' deficit ( 48,154 ) ( 72,501 ) Total liabilities and owners’ deficit $ 1,317,172 $ 1,341,107 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Total revenues $ 63,875 $ 62,943 $ 127,872 $ 123,476 Net income (1) $ 28,328 $ 11,092 $ 34,592 $ 20,273 (1) The Company's pro rata share of net income was $ 7,148 and $ 812 for the three months ended June 30, 2024 and 2023, respectively. The Company's pro rata share of net income (loss) was $ 11,742 and $( 444 ) for the six months ended June 30, 2024 and 2023, respectively.
Schedule of Variable Interest Entities	The table below lists the Company's unconsolidated VIEs as of June 30, 2024: Unconsolidated VIEs: Investment in Maximum Alamance Crossing CMBS, LLC (1) $ — $ — Ambassador Infrastructure, LLC (2) — 4,361 Atlanta Outlet JV, LLC — — BI Development, LLC 117 117 BI Development II, LLC 679 679 CBL-T/C, LLC — — CBL-TRS Med OFC Holding, LLC (3) 1,264 3,562 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 3,570 3,570 Vision - CBL Mayfaire TC Hotel, LLC 6,174 6,174 $ 11,804 $ 18,463 (1) During the year ended December 31, 2023, the property was placed into receivership. (2) The Operating P artnership has guaranteed all or a portion of the debt. 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, 2024
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, 2024 December 31, 2023 Amount Weighted- (1) Amount Weighted- (1) Fixed-rate debt: Open-air centers and outparcels loan (2) $ 179,180 6.95 % $ 179,180 6.95 % Loans on operating properties 717,878 5.30 % 736,573 5.30 % Total fixed-rate debt 897,058 5.63 % 915,753 5.63 % Variable-rate debt: Secured term loan 787,590 8.19 % 799,914 8.21 % Open-air centers and outparcels loan (2) 179,180 9.43 % 179,180 9.44 % Loans on operating properties 33,180 8.83 % 33,780 8.84 % Recourse loan on an operating property — — 15,339 8.24 % Total variable-rate debt 999,950 8.44 % 1,028,213 8.44 % Total fixed-rate and variable-rate debt 1,897,008 7.11 % 1,943,966 7.12 % Unamortized deferred financing costs ( 10,952 ) ( 13,221 ) Debt discounts (3) ( 32,715 ) ( 41,942 ) Total mortgage and other indebtedness, net $ 1,853,341 $ 1,888,803 (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) In conjunction with fresh start accounting upon emergence from bankruptcy on November 1, 2021, 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, 2024 will be accreted over a weighted average period of 1.9 years.
Schedule of Pre-Emergence Principal Payments	As of June 30, 2024, 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: 2024 (1) $ 27,389 2025 1,042,967 2026 404,542 2027 359,255 2028 950 2029 1,007 Thereafter 60,898 Total mortgage and other indebtedness $ 1,897,008 Reflects scheduled principal amortization for the period July 1, 2024 through December 31, 2024.
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, 2024 Maturity Date Pay fixed/Receive variable swap Intangible lease assets and other assets $ 32,000 1-month USD-SOFR CME $ 835 Jun-27 Three Months Ended June 30, Six Months Ended June 30, Hedging Instrument - Interest Rate Swap 2024 2023 2024 2023 Gain recognized in other comprehensive income (loss) (1) $ 35 $ 880 $ 497 $ 880 Gain recognized in earnings (1) $ 161 $ 95 $ 324 $ 95 (1) Gain reclassified from accumulated other comprehensive income into earnings shown in interest expense.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Information on Reportable Segments	Information on the Company’s segments is as follows: Three Months Ended June 30, 2024 Malls (1) All (2) Total Revenues (3) $ 108,211 $ 21,454 $ 129,665 Property operating expenses (4) ( 39,365 ) ( 3,582 ) ( 42,947 ) Interest expense ( 15,457 ) ( 23,950 ) ( 39,407 ) Loss on sales of real estate assets — ( 50 ) ( 50 ) Other expense — ( 127 ) ( 127 ) Segment profit (loss) $ 53,389 $ ( 6,255 ) 47,134 Depreciation and amortization ( 38,664 ) General and administrative expense ( 14,831 ) Litigation settlement 72 Interest and other income 4,082 Income tax provision ( 650 ) Equity in earnings of unconsolidated affiliates 7,148 Net income $ 4,291 Capital expenditures (5) $ 7,174 $ 2,272 $ 9,446 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 Six Months Ended June 30, 2024 Malls (1) All (2) Total Revenues (3) $ 217,787 $ 40,995 $ 258,782 Property operating expenses (4) ( 78,980 ) ( 7,001 ) ( 85,981 ) Interest expense ( 31,194 ) ( 48,025 ) ( 79,219 ) Gain on sales of real estate assets — 3,671 3,671 Other expense — ( 127 ) ( 127 ) Segment profit (loss) $ 107,613 $ ( 10,487 ) 97,126 Depreciation and amortization ( 76,704 ) General and administrative expense ( 35,245 ) Litigation settlement 140 Interest and other income 8,086 Loss on impairment ( 836 ) Income tax provision ( 492 ) Equity in earnings of unconsolidated affiliates 11,742 Net income $ 3,817 Capital expenditures (5) $ 11,669 $ 3,844 $ 15,513 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 Total assets Malls (1) All (2) Total June 30, 2024 $ 1,458,325 $ 863,376 $ 2,321,701 December 31, 2023 $ 1,546,610 $ 859,295 $ 2,405,905 (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, 2024
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, 2024 2023 2024 2023 Basic earnings per share Net income (loss) attributable to the Company $ 4,744 $ ( 20,788 ) $ 4,794 $ ( 18,529 ) Less: Earnings allocable to unvested restricted stock ( 260 ) ( 281 ) ( 519 ) ( 561 ) Net income (loss) attributable to common shareholders 4,484 ( 21,069 ) 4,275 ( 19,090 ) Weighted-average basic shares outstanding 31,150 31,313 31,348 31,309 Net income (loss) per share attributable to common shareholders $ 0.14 $ ( 0.67 ) $ 0.14 $ ( 0.61 ) Diluted earnings per share (1) Net income (loss) attributable to common shareholders $ 4,484 $ ( 21,069 ) $ 4,275 $ ( 19,090 ) Weighted-average diluted shares outstanding 31,156 31,313 31,351 31,309 Net income (loss) per share attributable to common shareholders $ 0.14 $ ( 0.67 ) $ 0.14 $ ( 0.61 ) (1) For the three and six months ended June 30, 2024, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the three and six months ended June 30, 2024, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2024, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,183 and 31,371 , respectively, including 27 and 20 , respectively, contingently issuable shares related to unvested restricted stock awards. 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 been 31,407 and 31,384 , respectively, including 94 and 75 , respectively, contingently issuable shares related to PSUs and unvested restricted stock awards.

Contingencies (Tables)

Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 and December 31, 2023: As of June 30, 2024 Obligation Unconsolidated Affiliate Company's Outstanding Percentage Maximum Debt (1) June 30, 2024 December 31, 2023 West Melbourne I, LLC - Phase I 50 % $ 34,447 50 % $ 17,224 Feb-2025 (2) $ 172 $ 177 West Melbourne I, LLC - Phase II 50 % 10,696 50 % 5,348 Feb-2025 (2) 54 56 Port Orange I, LLC 50 % 45,848 50 % 22,924 Feb-2025 (2) 229 236 Ambassador Infrastructure, LLC 65 % 4,361 100 % 4,361 Mar-2025 44 57 CBL-TRS Med OFC Holding, LLC (3) 50 % 2,298 100 % 3,895 Jun-2030 19 19 Total guaranty liability $ 518 $ 545 (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, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Company Stock Awards	A summary of the status of the Company’s unvested restricted stock awards as of June 30, 2024, and changes during the six months ended June 30, 2024, are presented below: Shares Weighted- Unvested at January 1, 2024 590,953 $ 27.02 Granted 145,352 $ 23.38 Vested ( 88,094 ) $ 26.24 Unvested at June 30, 2024 648,211 $ 26.31
Schedule of PSU Activity	A summary of the status of the Company’s outstanding PSU awards as of June 30, 2024, and changes during the six months ended June 30, 2024, are presented below: PSUs Weighted- Outstanding at January 1, 2024 563,581 $ 28.65 2024 PSUs granted 169,420 $ 24.30 Incremental PSUs granted (1) 23,148 $ 21.96 Outstanding at June 30, 2024 756,149 $ 27.47 (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 2024: 2024 PSUs Grant date February 7, 2024 Fair value per share on valuation date (1) $ 24.30 Risk-free interest rate (2) 4.19 % Expected share price volatility (3) 40.00 % (1) The value of the 2024 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 2024 PSUs consists of 50,825 PSUs at a fair value of $ 29.38 per share (which relates to the relative TSR) and 118,595 PSUs at a fair value of $ 22.12 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 for the 2024 PSUs was based on the historical volatility of CBL's shares of common stock for a trading period equal to the time from the grant date to the end of the performance period. Since the performance period exceeds CBL's trading history, volatility indications of comparable public companies were also considered.

Noncash Investing and Financi_2

Noncash Investing and Financing Activities (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 2023 Additions to real estate assets accrued but not yet paid $ 10,339 $ 8,595 Deconsolidation upon loss of control (1) : Decrease in real estate assets — ( 9,015 ) Decrease in mortgage and other indebtedness — 37,693 Decrease in operating assets and liabilities — 3,352 Decrease in intangible lease and other assets — ( 3,879 ) (1) See Note 5 for more information.

Organization and Basis of Pre_3

Organization and Basis of Presentation - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) Subsidiary State	Dec. 31, 2023 USD ($)
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of states in which entity operates | State	22
Above market leases, net		$ 118,673
Below market leases, net		$ 80,408
Payments received on mortgage and other notes receivable	$ 35
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)	99.98%
Non-controlling limited partner interest ownership of CBL's related parties in the Operating Partnership (as a percent)	0.02%
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)	98.98%

Organization and Basis of Pre_4

Organization and Basis of Presentation - Properties Owned by Operating Partnership (Details)	6 Months Ended
	Jun. 30, 2024 Mall Outlet_center Other_property Lifestyle_center OpenAir_center Property Segment Office_building
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Malls | Mall	46
Outlet Centers | Outlet_center	5
Lifestyle Centers | Lifestyle_center	5
Open-Air Centers | OpenAir_center	29
Other | Other_property	5
Total Properties | Property	90
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	40
Outlet Centers | Outlet_center	2
Lifestyle Centers | Lifestyle_center	4
Open-Air Centers | OpenAir_center	21
Other | Other_property	4
Total Properties | Property	71
Consolidated Properties | CBL & Associates Limited Partnership
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	1
Open-Air Centers | OpenAir_center	8
Other | Other_property	1
Total Properties | Property	19

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation Of Revenue [Line Items]
Rental revenues		$ 124,071	$ 124,842	$ 248,098	$ 255,166
Revenues from contracts with customers:		4,340	4,272	8,909	9,567
Total revenues	[1],[2]	129,665	129,867	258,782	266,226
Operating expense reimbursements
Disaggregation Of Revenue [Line Items]
Revenues from contracts with customers:		1,960	1,875	4,220	4,091
Management, development and leasing fees
Disaggregation Of Revenue [Line Items]
Revenues from contracts with customers:	[3]	1,817	1,822	3,722	4,256
Marketing revenues
Disaggregation Of Revenue [Line Items]
Revenues from contracts with customers:	[4]	563	575	967	1,220
Other revenues
Disaggregation Of Revenue [Line Items]
Total revenues		$ 1,254	$ 753	$ 1,775	$ 1,493
[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, 2024 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 100,753
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 19,252
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2029-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 42,865
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2044-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 38,636
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, 2024 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 100,753

Leases - Components of Rental R

Leases - Components of Rental Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Fixed lease payments	$ 97,833	$ 104,391	$ 196,137	$ 203,372
Variable lease payments	26,238	20,451	51,961	51,794
Total rental revenues	$ 124,071	$ 124,842	$ 248,098	$ 255,166

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments to be Received (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Operating Leases
2024	$ 199,753	[1]
2025	337,271
2026	258,598
2027	197,304
2028	144,582
2029	96,436
Thereafter	242,828
Total undiscounted lease payments	$ 1,476,772
[1] Reflects rental payments for the period July 1, 2024 to December 31, 2024.

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, 2024 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value, Asset	$ 835
Significant Other Observable Inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value, Asset	$ 835

Fair Value Measurements - Debt

Fair Value Measurements - Debt Securities, Available-for-sale Measured at Fair Value (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value of mortgage and other indebtedness		$ 1,743,913	$ 1,806,486
Available-for-sale securities, amortized cost		238,300	261,869
Available-For-Sale Securities Held, Fair Value	[1]	238,108	262,142
U.S Treasury Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities, amortized cost		238,300	261,869
Available-For-Sale Securities Held, unrealized (loss) gain		(192)	273
Available-For-Sale Securities Held, Fair Value		$ 238,108	$ 262,142
U.S. Treasury securities, maturity date		May 30, 2025
[1] As of June 30, 2024, includes $ 178,452 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 208,139 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 ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Loss on impairment	$ 836
Gain on deconsolidation		$ 28,151
Alamance Crossing East
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value		0
Gain on deconsolidation		$ 28,151

Dispositions and Held for Sale

Dispositions and Held for Sale - Summary (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) Property	Jun. 30, 2023 USD ($) Property	Jun. 30, 2024 USD ($) Property	Jun. 30, 2023 USD ($) Property LandParcel
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on sales of real estate assets			$ 3,671	$ 1,482
Properties held for sale | Property	0	0	0	0
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		$ 114		$ 1,482
Number of stores sold (land parcel) | LandParcel				5
Proceeds from sale of real estate				$ 5,674
Outparcel Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on sales of real estate assets	$ (50)		$ 3,671
Proceeds from sale of real estate			$ 7,745

Unconsolidated Affiliates and_3

Unconsolidated Affiliates and Noncontrolling Interests - Narrative (Details) $ in Thousands	1 Months Ended	6 Months Ended
	Apr. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) Entity	May 31, 2024 USD ($)	Jun. 30, 2023 USD ($)
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
Loan, fixed interest rate		7.3975%
Alamance Crossing CMBS, LLC
Schedule Of Equity Method Investments [Line Items]
Loan outstanding balance		$ 41,122
CBL-TRS Joint Venture, LLC
Schedule Of Equity Method Investments [Line Items]
Fair value carrying amount	$ 148,000
Debt instrument face amount	$ 145,591
Loan, fixed interest rate	6.44%
Debt instrument, maturity date	May 31, 2028
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%
WestGate Mall CMBS, LLC
Schedule Of Equity Method Investments [Line Items]
Fair value carrying amount			$ 28,661
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%		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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
ASSETS:
Investment in real estate assets	[1]	$ 1,802,593		$ 1,802,593			$ 1,801,245
Accumulated depreciation	[1]	(263,950)		(263,950)			(228,034)
Net investment in real estate assets	[1]	1,547,548		1,547,548			1,582,111
Developments in progress	[1]	8,905		8,905			8,900
Total assets	[1]	2,321,701		2,321,701			2,405,905
LIABILITIES:
Mortgage and other indebtedness, net		1,853,341		1,853,341			1,888,803
Total liabilities	[1]	2,022,715		2,022,715			2,075,288
OWNERS' EQUITY (DEFICIT):
The Company		308,789		308,789			339,321
Noncontrolling interests		(9,803)		(9,803)			(8,704)
Total equity		298,986	$ 325,101	298,986	$ 325,101	$ 314,850	330,617	$ 357,605	$ 367,129
Total liabilities, redeemable noncontrolling interests and equity		2,321,701		2,321,701			2,405,905
Total revenues	[2],[3]	129,665	129,867	258,782	266,226
Net income		4,291	(22,663)	3,817	(22,149)
BI Development II, LLC
ASSETS:
Investment in real estate assets		2,008,116		2,008,116			2,010,269
Accumulated depreciation		(913,330)		(913,330)			(886,712)
Net investment in real estate assets		1,094,786		1,094,786			1,123,557
Developments in progress		25,370		25,370			17,261
Net investment in real estate assets		1,120,156		1,120,156			1,140,818
Other assets		197,016		197,016			200,289
Total assets		1,317,172		1,317,172			1,341,107
LIABILITIES:
Mortgage and other indebtedness, net		1,321,646		1,321,646			1,368,031
Other liabilities		43,680		43,680			45,577
Total liabilities		1,365,326		1,365,326			1,413,608
OWNERS' EQUITY (DEFICIT):
The Company		13,759		13,759			12,290
Noncontrolling interests		(61,913)		(61,913)			(84,791)
Total equity		(48,154)		(48,154)			(72,501)
Total liabilities, redeemable noncontrolling interests and equity		1,317,172		1,317,172			$ 1,341,107
Total revenues		63,875	62,943	127,872	123,476
Net income	[4]	$ 28,328	$ 11,092	$ 34,592	$ 20,273
[1] As of June 30, 2024, includes $ 178,452 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 208,139 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 was $ 7,148 and $ 812 for the three months ended June 30, 2024 and 2023, respectively. The Company's pro rata share of net income (loss) was $ 11,742 and $( 444 ) for the six months ended June 30, 2024 and 2023, 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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule Of Equity Method Investments [Line Items]
Equity in earnings (losses) of unconsolidated affiliates	$ 7,148	$ 812	$ 11,742	$ (444)
BI Development II, LLC
Schedule Of Equity Method Investments [Line Items]
Equity in earnings (losses) of unconsolidated affiliates	$ 7,148	$ 812	$ 11,742	$ (444)

Unconsolidated Affiliates and_6

Unconsolidated Affiliates and Noncontrolling Interests - Variable Interest Entities (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities	[1]	$ 2,321,701	$ 2,405,905
BI Development II, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		1,317,172	$ 1,341,107
Unconsolidated VIEs
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		11,804
Maximum Risk of Loss, Unconsolidated		18,463
Unconsolidated VIEs | Ambassador Infrastructure, LLC
Schedule Of Equity Method Investments [Line Items]
Maximum Risk of Loss, Unconsolidated	[2]	4,361
Unconsolidated VIEs | BI Development, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		117
Maximum Risk of Loss, Unconsolidated		117
Unconsolidated VIEs | BI Development II, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		679
Maximum Risk of Loss, Unconsolidated		679
Unconsolidated VIEs | CBL-TRS Med OFC Holding, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities	[3]	1,264
Maximum Risk of Loss, Unconsolidated	[3]	3,562
Unconsolidated VIEs | Vision-CBL Hamilton Place, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		3,570
Maximum Risk of Loss, Unconsolidated		3,570
Unconsolidated VIEs | Vision - CBL Mayfaire TC Hotel, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		6,174
Maximum Risk of Loss, Unconsolidated		$ 6,174
[1] As of June 30, 2024, includes $ 178,452 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 208,139 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. 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, 2024	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%	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		Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Mortgage notes payable		$ 897,058	$ 915,753
Mortgage and other indebtedness, variable-rate debt		999,950	1,028,213
Total fixed-rate and variable-rate debt		1,897,008	1,943,966
Unamortized deferred financing costs		(10,952)	(13,221)
Debt discounts	[1]	(32,715)	(41,942)
Total mortgage and other indebtedness, net		$ 1,853,341	$ 1,888,803
Weighted average interest rate (as a percent)	[2]	7.11%	7.12%
Notional amount of the swap		$ 32,000
Interest rate percentage		7.3975%
Five Mortgage Notes Payable
Debt Instrument [Line Items]
Remaining debt discount amortization period		1 year 10 months 24 days
Fixed Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	5.63%	5.63%
Variable Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	8.44%	8.44%
Loans on Operating Properties
Debt Instrument [Line Items]
Mortgage notes payable		$ 717,878	$ 736,573
Mortgage and other indebtedness, variable-rate debt		$ 33,180	$ 33,780
Loans on Operating Properties | Fixed Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	5.30%	5.30%
Loans on Operating Properties | Variable Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	8.83%	8.84%
Secured Term Loan
Debt Instrument [Line Items]
Mortgage and other indebtedness, variable-rate debt		$ 787,590	$ 799,914
Secured Term Loan | Variable Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	8.19%	8.21%
Open-Air Centers and Outparcels Loan
Debt Instrument [Line Items]
Mortgage notes payable	[3]	$ 179,180	$ 179,180
Mortgage and other indebtedness, variable-rate debt	[3]	$ 179,180	$ 179,180
Open-Air Centers and Outparcels Loan | Fixed Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2],[3]	9.43%	9.44%
Open-Air Centers and Outparcels Loan | Variable Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2],[3]	6.95%	6.95%
Recourse Loans on an Operating Property
Debt Instrument [Line Items]
Mortgage and other indebtedness, variable-rate debt			$ 15,339
Weighted average interest rate (as a percent)	[2]		8.24%
[1] In conjunction with fresh start accounting upon emergence from bankruptcy on November 1, 2021, 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, 2024 will be accreted over a weighted average period of 1.9 years. Weighted-average interest rate excludes amortization of deferred financing costs. 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) - USD ($)		1 Months Ended		12 Months Ended
		May 31, 2024	Feb. 29, 2024	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Mortgage and other indebtedness, net					$ 1,853,341,000	$ 1,888,803,000
Fair value net liability					0
Long-Term Debt, Maturity, Remainder of Fiscal Year	[1]				27,389,000
Interest Rate Swap
Debt Instrument [Line Items]
Cash collateral					1,920,000
Scenario Forecast
Debt Instrument [Line Items]
Gain recognized in other comprehensive income (loss)				$ 502,000
Fayette Mall
Debt Instrument [Line Items]
Option extension term of debt instrument		1 year
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					$ 1,367,368,000
Brookfield Square Anchor Redevelopment loan | U.S. Treasury Securities
Debt Instrument [Line Items]
Loan amount paid			$ 15,190,000
[1] Reflects scheduled principal amortization for the period July 1, 2024 through December 31, 2024.

Mortgage and Other Indebtedne_5

Mortgage and Other Indebtedness, Net- Scheduled Principal Payments (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Debt Instrument [Line Items]
2024	$ 27,389	[1]
2025	1,042,967
2026	404,542
2027	359,255
2028	950
2029	1,007
Thereafter	60,898
Mortgages
Debt Instrument [Line Items]
Total mortgage and other indebtedness	$ 1,897,008
[1] Reflects scheduled principal amortization for the period July 1, 2024 through December 31, 2024.

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		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount		$ 32,000		$ 32,000
Pay fixed or Receive Variable Swap | Cash Flow Hedging | Intangible Lease Assets And Other Assets
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount		32,000		$ 32,000
Debt instrument, maturity date				Jun. 07, 2027
Pay fixed or Receive Variable Swap | Cash Flow Hedging | Intangible Lease Assets And Other Assets | 1-month USD-SOFR CME
Derivatives, Fair Value [Line Items]
Fair Value		835		$ 835
Interest Rate Swap | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Gain recognized in other comprehensive income (loss)	[1]	35	$ 880	497	$ 880
Gain recognized in earnings	[1]	$ 161	$ 95	$ 324	$ 95
[1] Gain reclassified from accumulated other comprehensive income into earnings shown in interest expense.

Segment Information - Summary (

Segment Information - Summary (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total revenues	[1],[2]	$ 129,665	$ 129,867	$ 258,782	$ 266,226
Property operating expenses	[3]	(42,947)	(45,979)	(85,981)	(96,905)
Interest expense		(39,407)	(44,173)	(79,219)	(87,697)
Gain (loss) on sales of real estate assets		(50)	(114)	3,671	1,482
Other expense		(127)		(127)	(198)
Segment profit (loss)		47,134	39,601	97,126	82,908
Depreciation and amortization		(38,664)	(49,742)	(76,704)	(103,011)
General and administrative expense		(14,831)	(16,156)	(35,245)	(35,385)
Litigation settlement		72	74	140	118
Interest and other income		4,082	2,967	8,086	5,632
Gain on deconsolidation					28,151
Loss on impairment				(836)
Income tax provision		(650)	(219)	(492)	(118)
Equity in earnings (losses) of unconsolidated affiliates		7,148	812	11,742	(444)
Net income (loss)		4,291	(22,663)	3,817	(22,149)
Capital expenditures	[4]	9,446	8,504	15,513	16,039
Total assets	[5]	2,321,701		2,321,701		$ 2,405,905
Malls
Segment Reporting Information [Line Items]
Total revenues	[1],[6]	108,211	110,622	217,787	226,505
Property operating expenses	[3],[6]	(39,365)	(41,668)	(78,980)	(88,539)
Interest expense	[6]	(15,457)	(19,968)	(31,194)	(40,451)
Segment profit (loss)	[6]	53,389	48,986	107,613	97,515
Capital expenditures	[4],[6]	7,174	4,977	11,669	9,410
Total assets	[6]	1,458,325		1,458,325		1,546,610
All Other
Segment Reporting Information [Line Items]
Total revenues	[1],[7]	21,454	19,245	40,995	39,721
Property operating expenses	[3],[7]	(3,582)	(4,311)	(7,001)	(8,366)
Interest expense	[7]	(23,950)	(24,205)	(48,025)	(47,246)
Gain (loss) on sales of real estate assets	[7]	(50)	(114)	3,671	1,482
Other expense	[7]	(127)		(127)	(198)
Segment profit (loss)	[7]	(6,255)	(9,385)	(10,487)	(14,607)
Capital expenditures	[4],[7]	2,272	$ 3,527	3,844	$ 6,629
Total assets	[7]	$ 863,376		$ 863,376		$ 859,295
[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, 2024, includes $ 178,452 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $ 208,139 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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Basic earnings per share
Net income (loss) attributable to the Company		$ 4,744	$ (20,788)	$ 4,794	$ (18,529)
Less: Earnings allocable to unvested restricted stock		(260)	(281)	(519)	(561)
Net income (loss) attributable to common shareholders		$ 4,484	$ (21,069)	$ 4,275	$ (19,090)
Weighted-average basic shares outstanding		31,150	31,313	31,348	31,309
Net income (loss) per share attributable to common shareholders		$ 0.14	$ (0.67)	$ 0.14	$ (0.61)
Diluted earnings per share
Net income (loss) attributable to common shareholders	[1]	$ 4,484	$ (21,069)	$ 4,275	$ (19,090)
Weighted-average diluted shares	[1]	31,156	31,313	31,351	31,309
Net income (loss) per share attributable to common shareholders	[1]	$ 0.14	$ (0.67)	$ 0.14	$ (0.61)
[1] For the three and six months ended June 30, 2024, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the three and six months ended June 30, 2024, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2024, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,183 and 31,371 , respectively, including 27 and 20 , respectively, contingently issuable shares related to unvested restricted stock awards. 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 been 31,407 and 31,384 , respectively, including 94 and 75 , respectively, contingently issuable shares 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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average common and potential dilutive common shares outstanding, diluted	[1]	31,156	31,313	31,351	31,309
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)		27	94	20	75
Weighted-average common and potential dilutive common shares outstanding, diluted		31,183	31,407	31,371	31,384
[1] For the three and six months ended June 30, 2024, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the three and six months ended June 30, 2024, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2024, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,183 and 31,371 , respectively, including 27 and 20 , respectively, contingently issuable shares related to unvested restricted stock awards. 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 been 31,407 and 31,384 , respectively, including 94 and 75 , respectively, contingently issuable shares related to PSUs and unvested restricted stock awards.

Contingencies - Environmental C

Contingencies - Environmental Contingencies (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Environmental liability insurance, maximum coverage per incident (up to)	$ 40,000
Environmental liability insurance, annual coverage limit (up to)	$ 40,000

Contingencies - Guarantees (Det

Contingencies - Guarantees (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Guarantor Obligations [Line Items]
Obligation recorded to reflect guaranty	$ 518	$ 545
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
Ambassador Infrastructure, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	65%
Outstanding Balance	$ 4,361
Percentage Guaranteed by the Operating Partnership (as a percent)	100%
Maximum Guaranteed Amount	$ 4,361
Obligation recorded to reflect guaranty	$ 44	57
West Melbourne I, LLC - Phase I
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50%
Outstanding Balance	$ 34,447
Percentage Guaranteed by the Operating Partnership (as a percent)	50%
Maximum Guaranteed Amount	$ 17,224
Obligation recorded to reflect guaranty	$ 172	177
West Melbourne I, LLC - Phase II
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50%
Outstanding Balance	$ 10,696
Percentage Guaranteed by the Operating Partnership (as a percent)	50%
Maximum Guaranteed Amount	$ 5,348
Obligation recorded to reflect guaranty	$ 54	56
Port Orange I, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50%
Outstanding Balance	$ 45,848
Percentage Guaranteed by the Operating Partnership (as a percent)	50%
Maximum Guaranteed Amount	$ 22,924
Obligation recorded to reflect guaranty	$ 229	236
CBL-TRS Med OFC Holding, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50%
Outstanding Balance	$ 2,298
Percentage Guaranteed by the Operating Partnership (as a percent)	100%
Maximum Guaranteed Amount	$ 3,895
Obligation recorded to reflect guaranty	$ 19	$ 19
CBL-TRS Med OFC Holding, LLC | CBL DMC I, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50%		50%

Share-Based Compensation - Summ

Share-Based Compensation - Summary (Details) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended		6 Months Ended
		Feb. 07, 2024		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Weighted-Average Grant Date Fair Value
Weighted average grant-date fair value, granted						$ 4,117
Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation cost				$ 2,089	$ 1,797	$ 4,077	$ 3,640
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested, beginning of period (shares)						590,953
Granted (shares)						145,352
Vested (shares)						(88,094)
Unvested, end of period (shares)				648,211		648,211
Weighted-Average Grant Date Fair Value
Weighted average grant-date fair value, unvested, beginning of period (USD per share)						$ 27.02
Weighted average grant-date fair value, granted (USD per share)						23.38
Weighted average grant-date fair value, vested (USD per share)						26.24
Weighted average grant-date fair value, unvested, ending of period (USD per share)				$ 26.31		$ 26.31
Unrecognized compensation cost related to nonvested stock awards				$ 12,838		$ 12,838
Compensation cost to be recognized over a weighted-average period						1 year 8 months 12 days
Weighted average grant-date fair value, granted						$ 3,398
Total fair value of shares vested						$ 2,096
Granted (shares)						145,352
weighted-average grant date fair value				$ 26.31		$ 26.31
Share-based compensation cost capitalized as part of real estate assets				$ 35		$ 59
Performance Stock Unit Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation cost				$ 1,441	$ 1,410	$ 3,108	$ 2,819
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested, beginning of period (shares)						563,581
Granted (shares)						169,420
Unvested, end of period (shares)				756,149		756,149
Weighted-Average Grant Date Fair Value
Weighted average grant-date fair value, unvested, beginning of period (USD per share)						$ 28.65
Weighted average grant-date fair value, granted (USD per share)						24.3
Weighted average grant-date fair value, unvested, ending of period (USD per share)		$ 24.3	[1]	$ 27.47		$ 27.47
Unrecognized compensation cost related to nonvested stock awards				$ 13,816		$ 13,816
Compensation cost to be recognized over a weighted-average period						2 years 3 months 18 days
Performance period		3 years
Granted (shares)						169,420
Incremental granted (shares)	[2]					23,148
Weighted average incremental grant-date fair value, granted (USD per share)	[2]					21.96
weighted-average grant date fair value		$ 24.3	[1]	$ 27.47		$ 27.47
Risk-free interest rate (as a percent)	[3]	4.19%
Expected share price volatility (as a percent)	[4]	40%
Performance Stock Unit 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)		50,825
Weighted-Average Grant Date Fair Value
Weighted average grant-date fair value, unvested, ending of period (USD per share)		$ 29.38
Granted (shares)		50,825
weighted-average grant date fair value		$ 29.38
Performance Stock Unit Awards | Officer
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (shares)		118,595
Weighted-Average Grant Date Fair Value
Weighted average grant-date fair value, unvested, ending of period (USD per share)		$ 22.12
Granted (shares)		118,595
weighted-average grant date fair value		$ 22.12
[1] The value of the 2024 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 2024 PSUs consists of 50,825 PSUs at a fair value of $ 29.38 per share (which relates to the relative TSR) and 118,595 PSUs at a fair value of $ 22.12 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 for the 2024 PSUs was based on the historical volatility of CBL's shares of common stock for a trading period equal to the time from the grant date to the end of the performance period. Since the performance period exceeds CBL's trading history, volatility indications of comparable public companies were also considered.

Noncash Investing and Financi_3

Noncash Investing and Financing Activities - Summary (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Other Significant Noncash Transactions [Line Items]
Additions to real estate assets accrued but not yet paid	$ 10,339	$ 8,595
Deconsolidation Upon Loss of Control
Other Significant Noncash Transactions [Line Items]
Decrease in real estate assets		(9,015)
Decrease in mortgage and other indebtedness		37,693
Decrease in operating assets and liabilities		3,352
Decrease in intangible lease and other assets		$ (3,879)

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details)	1 Months Ended
	Jul. 31, 2024	Jun. 30, 2024
Subsequent Event [Line Items]
Interest rate percentage		7.3975%
Subsequent Event | Hamilton Place Aloft Hotel
Subsequent Event [Line Items]
Debt instrument, maturity date	Jun. 30, 2029
Interest rate percentage	7.20%