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CBL & Associates Properties, Inc.NYSE:CBL Stock Report

Market Cap US$1.7b
Share Price
n/a
1Y80.8%
7D-0.2%
1D0.9%
Portfolio Value
​
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CBL & Associates Properties, Inc.

NYSE:CBL Stock Report

Market Cap: US$1.7b

CBL & Associates Properties (CBL) Stock Overview

CBL & Associates Properties, Inc. is headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. More details

CBL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends4/6

Rewards

Price-To-Earnings ratio (7.9x) is below the US market (18.2x)

Earnings grew by 232.8% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 98.1% per year for the next 3 years

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Significant insider selling over the past 3 months


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CBL & Associates Properties, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for CBL & Associates Properties
Historical stock prices
Current Share PriceUS$54.34
52 Week HighUS$60.40
52 Week LowUS$28.04
Beta1.41
1 Month Change-1.81%
3 Month Change8.48%
1 Year Change80.83%
3 Year Change156.93%
5 Year Changen/a
Change since IPO81.13%

Recent News & Updates

Seeking Alpha • Sep 14

CBL & Associates Properties: This Cheap 4.6% Mall REIT Still Has Room To Run

Summary CBL & Associates Properties is rated 'Buy' with a $72/share price target, reflecting a 31.5% upside from current levels. CBL trades at a forward P/AFFO of 7.6x, a steep discount to peers, despite strong leasing spreads and a transformed balance sheet. Management raised full-year AFFO guidance to $7.15–$7.25/share, with dividend yield at 4.6% and a payout ratio of 35% (AFFO) or 81% (discretionary cash flow). Expiration of Section 382 restrictions in November 2026 could unlock tax-efficient capital returns, providing a potential catalyst for shareholder value. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Sep 14

CBL & Associates Properties: This Cheap 4.6% Mall REIT Still Has Room To Run

Summary CBL & Associates Properties is rated 'Buy' with a $72/share price target, reflecting a 31.5% upside from current levels. CBL trades at a forward P/AFFO of 7.6x, a steep discount to peers, despite strong leasing spreads and a transformed balance sheet. Management raised full-year AFFO guidance to $7.15–$7.25/share, with dividend yield at 4.6% and a payout ratio of 35% (AFFO) or 81% (discretionary cash flow). Expiration of Section 382 restrictions in November 2026 could unlock tax-efficient capital returns, providing a potential catalyst for shareholder value. Read the full article on Seeking Alpha
Analysis Article • Jun 19

CBL & Associates Properties (CBL) Stock Looks Cheap After CoolSprings Land Sale

CBL & Associates Properties (CBL) stock is back in focus after the company sold a 5.35 acre non income producing parcel at CoolSprings Galleria in Franklin, Tennessee, to rental housing specialist Greystar. See our latest analysis for CBL & Associates Properties. Set against this CoolSprings Galleria deal and a recent $400 million shelf registration filing, CBL & Associates Properties shows building momentum, with a 27.59% 90 day share price return and a 94.51% 1 year total shareholder return...
Seeking Alpha • Feb 09

CBL & Associates Properties: AFFO May Reach $7.20/Share In 2025

Summary CBL & Associates Properties is a retail REIT focused on Malls and Open air/Power centers. I expect Q4 2024 AFFO of $1.90/share, driven by lower occupancy and benefits from Fed rate cuts. AFFO in 2025 should benefit from the full-year effect of Fed rate cuts, deleveraging efforts, and potential additional buybacks. CBL remains a Buy thanks to its very low AFFO multiple and substantial discount to management's NAV estimates. High leverage and the impact tariffs may have on retailer margins are key risks to consider. Read the full article on Seeking Alpha
Seeking Alpha • Jan 31

CBL & Associates Properties: Our 'Long-Term Commercial Property Recovery' Theme

Summary CBL & Associates Properties, Inc. is a promising investment in the "long-term commercial property recovery" theme, with a focus on fundamentally sound real estate. CBL has successfully reduced leverage, invested in top properties, and returned capital to shareholders post-bankruptcy, owning a diverse portfolio of 87 properties. At $28 per share, CBL trades at a significant discount to its fair value of $40-45, with low downside risk and substantial cash reserves. Strong cash flow, ongoing debt reduction, strategic reinvestment, and share repurchases position CBL for potential growth despite challenges in the mall business. Read the full article on Seeking Alpha
Seeking Alpha • Nov 13

CBL & Associates Properties Vs. SITE Centers: Which Is The Better REIT For 2025

Summary CBL & Associates Properties and SITE Centers are REITs focused on retail real estate, with reported occupancy rates indicating poor competitive dynamics. CBL funds a greater proportion of its capital structure with debt, but both companies have significant floating rate debt exposure. CBL is more attractively valued on an enterprise-level and AFFO multiple basis, but also reports higher administrative expenses. SITC's low gearing may hurt returns if the US economy continues to do well and operational performance improves. Key risks to consider include declining occupancy, tighter than expected Fed policy, and tenant sales growth running below inflation at CBL. Read the full article on Seeking Alpha
Seeking Alpha • Aug 11

CBL & Associates: 41% Variable-Rate Debt Set To Boost Cash Flows In 2025

Summary CBL & Associates Properties is a retail REIT, deriving a majority of its net operating income from enclosed malls. The REIT has marginally outperformed the Vanguard Real Estate Index Fund ETF in 2024. I expect the outperformance to continue thanks to CBL's 73% debt-funded capital structure, with a boost of 10% to adjusted FFO likely if the Fed cuts rates. Q2 2024 performance was mixed, with higher adjusted FFO and net operating income offset by lower occupancy. High leverage, together with occupancy and tenant sales performance lagging quality peers, presents key risks to the investment case. Read the full article on Seeking Alpha

Shareholder Returns

CBLUS Retail REITsUS Market
7D-0.2%-2.2%-0.1%
1Y80.8%5.7%11.9%

Return vs Industry: CBL exceeded the US Retail REITs industry which returned 5.7% over the past year.

Return vs Market: CBL exceeded the US Market which returned 11.9% over the past year.

Price Volatility

Is CBL's price volatile compared to industry and market?
CBL volatility
CBL Average Weekly Movement4.2%
Retail REITs Industry Average Movement2.5%
Market Average Movement6.8%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.9%

Stable Share Price: CBL has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: CBL's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1978454Stephen Lebovitzwww.cblproperties.com

CBL & Associates Properties, Inc. is headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 85 properties totaling 54.8 million square feet across 23 states, including 54 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 20 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties.

CBL & Associates Properties, Inc. Fundamentals Summary

How do CBL & Associates Properties's earnings and revenue compare to its market cap?
CBL fundamental statistics
Market capUS$1.68b
Earnings (TTM)US$213.86m
Revenue (TTM)US$588.15m
7.9x
P/E Ratio
2.9x
P/S Ratio

Is CBL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CBL income statement (TTM)
RevenueUS$588.15m
Cost of RevenueUS$205.62m
Gross ProfitUS$382.53m
Other ExpensesUS$168.67m
EarningsUS$213.86m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)6.91
Gross Margin65.04%
Net Profit Margin36.36%
Debt/Equity Ratio481.7%

How did CBL perform over the long term?

See historical performance and comparison

Dividends

4.9%
Current Dividend Yield
13%
Payout Ratio

Does CBL pay a reliable dividends?

See CBL dividend history and benchmarks
When do you need to buy CBL by to receive an upcoming dividend?
CBL & Associates Properties dividend dates
Ex Dividend DateSep 15 2026
Dividend Pay DateSep 30 2026
Days until Ex dividend6 days
Days until Dividend pay date9 days

Does CBL pay a reliable dividends?

See CBL dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 07:34
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CBL & Associates Properties, Inc. is covered by 22 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ross SmotrichBarclays
Craig SchmidtBofA Global Research
Michael GormanBrean Capital Historical (Janney Montgomery)