CBL & Associates Properties (CBL) AI Stock Analysis

• Market Cap: $1.15B
• Dividend Yield: 6.63%
• Average Volume (3M): 113.06K
• Price to Earnings (P/E): 9.5
• Beta (1Y): 0.68
• Revenue Growth: 5.74%
• EPS Growth: 294.33%
• Country: US
• Employees: 390
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 2.38
• Shares Outstanding: 30,682,617
• 10 Day Avg. Volume: 127,481
• 30 Day Avg. Volume: 113,057
• PEG Ratio: 0.02
• Price to Book (P/B): 2.81
• Price to Sales (P/S): 1.76
• P/FCF Ratio: 4.49
• Enterprise Value/Market Cap: 2.57
• Enterprise Value/Revenue: 5.36
• Enterprise Value/Gross Profit: 8.33
• Enterprise Value/Ebitda: 6.58
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: $39.00 ▲(16.59% Upside)

CBL & Associates Properties receives a strong overall score due to its attractive valuation and positive corporate event in the form of a stock buyback program. While technical indicators show bullish momentum, caution is advised due to overbought signals. Financial performance is improving, but high leverage remains a concern.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a recovery trend, showcasing the company's ability to adapt to market changes and sustain its business model.

Cash Flow Generation

Improved cash generation enhances financial flexibility, allowing the company to invest in growth opportunities and manage debt effectively.

Stock Buyback Program

The buyback program reflects management's confidence in the company's value and aims to enhance shareholder returns, indicating a positive outlook.

Negative Factors

High Leverage

High leverage poses financial risk, potentially limiting the company's ability to invest in growth and affecting long-term financial stability.

Declining Gross Profit Margin

A declining gross profit margin suggests potential operational challenges, which could impact profitability if not addressed.

Operational Challenges

Decreasing EBIT and EBITDA margins indicate operational inefficiencies, which may hinder the company's ability to maintain profitability.

CBL & Associates Properties Business Overview & Revenue Model

Company Description

CBL & Associates Properties, Inc. is a publicly traded real estate investment trust (REIT) that focuses on the ownership, development, and management of retail properties across the United States. Established in 1988, CBL specializes in shopping centers, including enclosed malls and open-air shopping destinations. The company aims to enhance the value of its properties through strategic leasing and the development of innovative retail concepts, catering to evolving consumer preferences and market trends.

How the Company Makes Money

CBL generates revenue primarily through leasing retail space within its shopping centers to various tenants, including national retailers, regional businesses, and restaurants. The company earns rental income from both fixed lease agreements and percentage leases, where tenants pay a base rent plus a percentage of their sales. Additionally, CBL benefits from ancillary income sources, such as common area maintenance fees, signage fees, and advertising revenues. The company's strategic partnerships with retailers and its focus on property management and redevelopment initiatives further enhance its earnings potential. Moreover, CBL may engage in property sales or joint ventures, contributing to its overall financial performance.

CBL & Associates Properties Financial Statement Overview

Summary

CBL & Associates Properties shows moderate revenue growth and stable cash flow generation, which are positive signs. The company maintains strong EBITDA margins, though EBIT margins have compressed. High leverage is a concern, as reflected in the elevated debt-to-equity ratio, posing potential risks. Overall, CBL exhibits a mixed financial health profile with notable strengths in cash conversion and profitability, but needs to manage debt levels carefully.

Income Statement

The gross profit margin for TTM is approximately 51.1%, indicating a healthy markup on revenue. The net profit margin stands at 12.8%, showcasing a decent profitability level. Revenue growth rate from 2024 to TTM is 2.45%, reflecting moderate growth. However, EBIT margin has decreased from 52.9% in 2024 to 32.3% in TTM, suggesting increased operational costs. EBITDA margin remains strong at 57.7% in TTM.

Balance Sheet

The debt-to-equity ratio is significantly high at 7.29, indicating a leveraged position that could pose financial risk. Return on equity (ROE) for TTM is 22.95%, showing efficient use of equity. However, the equity ratio is relatively low at 11.2%, suggesting heavy reliance on debt.

Cash Flow

Free cash flow growth rate from 2024 to TTM is modest at 0.47%, indicating stable cash generation. The operating cash flow to net income ratio is 3.0, suggesting strong cash conversion. Free cash flow to net income ratio is exceptionally high at 3.0, indicating robust cash flow relative to profit.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	553.64M	515.56M	535.29M	563.01M	576.88M	575.86M
Gross Profit	355.97M	340.41M	348.15M	371.28M	388.43M	387.98M
EBITDA	450.84M	368.92M	388.93M	398.01M	339.35M	97.00M
Net Income	123.79M	58.97M	6.55M	-93.48M	-622.17M	-295.08M
Balance Sheet
Total Assets	2.73B	2.75B	2.41B	2.68B	2.95B	4.44B
Cash, Cash Equivalents and Short-Term Investments	313.02M	283.94M	296.33M	337.14M	319.55M	61.78M
Total Debt	2.18B	2.21B	1.97B	2.11B	2.36B	3.74B
Total Liabilities	2.39B	2.43B	2.08B	2.31B	2.54B	3.91B
Stockholders Equity	351.44M	323.55M	339.32M	370.54M	396.20M	531.84M
Cash Flow
Free Cash Flow	215.72M	202.22M	183.52M	208.23M	38.77M	-69.37M
Operating Cash Flow	215.72M	202.22M	183.52M	208.23M	38.77M	-69.37M
Investing Cash Flow	-66.34M	65.01M	1.70M	-156.69M	87.33M	-290.33M
Financing Cash Flow	-128.88M	-236.50M	-204.09M	-145.80M	-158.41M	209.00M

CBL & Associates Properties Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 33.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 33.45 is below the 20-day moving average (MA) of 34.73, above the 50-day MA of 31.82, and above the 200-day MA of 27.59, indicating a bullish trend. The MACD of 1.65 indicates Negative momentum. The RSI at 82.01 is Negative, neither overbought nor oversold. The STOCH value of 89.22 is Negative, 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
GTY	78 Outperform	$1.64B	22.25	7.54%	6.57%	8.17%	9.96%
CBL	73 Outperform	$1.15B	9.50	37.88%	6.63%	5.74%	294.33%
WSR	73 Outperform	$1.39B	15.91	10.34%	3.93%	4.44%	107.23%
BFS	68 Neutral	$772.89M	27.50	11.88%	7.89%	5.75%	-37.69%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ALX	55 Neutral	$1.11B	30.35	22.99%	8.24%	-7.52%	-22.75%
SITC	55 Neutral	$331.04M	11.60	2.46%	―	-69.63%	-95.99%

CBL & Associates Properties Corporate Events

CBL Properties Launches New $25 Million Stock Buyback

On November 5, 2025, CBL Properties announced the authorization of a new stock repurchase program by its Board of Directors, allowing the company to buy back up to $25 million of its common stock. This new program replaces the previous one from May 1, 2025, under which 248,590 shares were acquired for $7.3 million. The initiative is part of CBL’s strategy to maximize shareholder returns and reflects confidence in the company’s value. The repurchase program is flexible, allowing purchases based on market conditions and can be suspended or discontinued at any time, with purchases allowed through November 5, 2026.