CBL & Associates Properties (CBL) AI Stock Analysis

• Market Cap: $768.44M
• Dividend Yield: 6.44%
• Average Volume (3M): 118.33K
• Price to Earnings (P/E): 11.5
• Beta (1Y): 0.75
• Revenue Growth: 0.03%
• EPS Growth: 1997.67%
• Country: US
• Employees: 390
• Sector: Real Estate
• Sector Strength: 62
• Industry: REIT - Retail
• EPS (TTM): 0.27
• Shares Outstanding: 30,935,677
• 10 Day Avg. Volume: 128,565
• 30 Day Avg. Volume: 118,329
• PEG Ratio: 0.79
• Price to Book (P/B): 2.51
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 3.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: $28.00 ▲(9.37%Upside)

CBL's overall stock score is supported by a strong valuation with an attractive P/E ratio and high dividend yield, making it appealing for income-focused investors. The financial performance is mixed, with strong cash conversion but concerns over high leverage. Technical analysis indicates a neutral to slightly positive trend. The absence of earnings call and corporate events data limits further insight.

CBL & Associates Properties Business Overview & Revenue Model

Company Description

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 106 properties totaling 65.7 million square feet across 25 states, including 64 high quality enclosed, outlet and open-air retail centers and 8 properties managed for third parties. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties.

How the Company Makes Money

CBL & Associates Properties generates revenue primarily through leasing space in its retail properties to a wide array of tenants, including national retail chains, local businesses, entertainment venues, and restaurants. The company's primary revenue streams come from tenant lease agreements, which typically include base rent and additional fees for common area maintenance and other services. Additionally, CBL may earn revenue through percentage rents, where tenants pay a portion of their sales above a certain threshold. The company may also engage in property development and redevelopment projects, potentially leading to increased rental income or property sales. Significant partnerships with key retailers and strategic property locations are crucial factors that contribute to CBL's earnings.

CBL & Associates Properties Financial Statement Overview

Summary

CBL & Associates Properties shows a mix of strengths and weaknesses across its financial statements. The income statement indicates improving profitability and operational efficiency, though revenue growth is a concern. The balance sheet reflects a reduced leverage risk but highlights a low equity ratio. The cash flow statement is strong, showing efficient cash generation and liquidity. While the company is on a recovery trajectory, maintaining revenue growth and improving equity financing are key areas for improvement.

Income Statement

The company shows a mixed income statement performance. The gross profit margin is solid at around 53.6% for TTM, indicating efficiency in generating profit over costs. The net profit margin is relatively low at 11.3% TTM, though it marks a significant recovery from previous losses, demonstrating improved profitability. Revenue growth is slightly negative, indicating a challenge in maintaining top-line growth. The EBIT and EBITDA margins are healthy at 48.1% and 38.4% TTM respectively, showing operational efficiency and strong earnings before interest and taxes.

Balance Sheet

The balance sheet reveals some concerns despite certain strengths. The debt-to-equity ratio has improved significantly due to zero reported total debt in TTM, indicating a strengthened capital structure and reduced leverage risk. The return on equity is moderate at 17.98% TTM, reflecting a reasonable return on invested capital. However, the equity ratio is relatively low at 6.12% TTM, suggesting a weak proportion of equity financing compared to assets.

Cash Flow

The cash flow statement presents a favorable outlook. The operating cash flow to net income ratio is strong, highlighting efficient cash generation relative to net income. Free cash flow has grown, and the free cash flow to net income ratio is robust, indicating the company's ability to generate cash beyond its earnings. These metrics point towards strong liquidity and financial health.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
528.21M	515.56M	535.29M	563.01M	576.88M	575.86M
	Gross Profit
315.17M	340.41M	348.15M	470.88M	180.35M	491.80M
	EBIT
286.29M	273.16M	284.08M	71.66M	127.27M	110.69M
	EBITDA
294.74M	368.92M	283.86M	327.97M	339.35M	310.67M
	Net Income Common Stockholders
67.13M	58.97M	6.55M	-99.52M	-622.17M	-335.53M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
281.96M	283.94M	34.19M	337.14M	319.55M	294.85M
	Total Assets
2.52B	2.75B	2.41B	2.68B	2.95B	4.44B
	Total Debt
2.05B	2.21B	1.97B	2.11B	2.36B	3.74B
	Net Debt
2.03B	2.17B	1.94B	2.07B	2.19B	3.68B
	Total Liabilities
2.16B	2.43B	2.08B	2.31B	2.54B	3.91B
	Stockholders Equity
362.76M	323.55M	339.32M	370.54M	396.20M	531.84M
Cash Flow		Free Cash Flow
203.51M	202.22M	183.52M	204.00M	33.95M	132.10M
	Operating Cash Flow
202.67M	202.22M	183.52M	208.23M	38.77M	133.37M
	Investing Cash Flow
39.08M	65.01M	1.70M	-156.69M	87.33M	-280.40M
	Financing Cash Flow
-183.14M	-236.50M	-204.09M	-145.80M	-158.41M	209.70M

CBL & Associates Properties Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 25.60
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBL, the sentiment is Positive. The current price of 25.6 is above the 20-day moving average (MA) of 25.11, above the 50-day MA of 24.53, and below the 200-day MA of 26.37, indicating a neutral trend. The MACD of 0.11 indicates Negative momentum. The RSI at 58.25 is Neutral, neither overbought nor oversold. The STOCH value of 69.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CBL.

CBL & Associates Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WSR	70 Outperform	$1.25B	20.27	7.33%	4.13%	4.39%	24.45%
BFS	67 Neutral	$826.72M	23.16	13.86%	6.87%	5.00%	-14.72%
CBL	66 Neutral	$768.44M	11.55	21.87%	6.44%	0.03%	1997.67%
AKR	64 Neutral	$2.55B	115.64	0.92%	3.97%	2.62%	84.20%
SITC	63 Neutral	$611.51M	1.13	42.15%	10.02%	-42.71%	152.66%
Sector *	61 Neutral	$2.83B	10.91	0.42%	8438.90%	5.74%	-20.95%
WHLR	52 Neutral	$2.72M	―	4.42%	―	1.47%	99.15%

CBL & Associates Properties Corporate Events

CBL & Associates Holds Annual Shareholder Meeting

On May 22, 2025, CBL & Associates Properties, Inc. conducted its annual shareholder meeting, where several key decisions were made. Shareholders elected directors for a one-year term, ratified Deloitte & Touche, LLP as the independent accountants for the fiscal year ending December 31, 2025, and approved the executive compensation program. These decisions are pivotal for the company’s governance and financial oversight, potentially impacting its operational strategies and stakeholder confidence.