CBL & Associates Properties (CBL) AI Stock Analysis

• Market Cap: $800.92M
• Dividend Yield: 6.18%
• Average Volume (3M): 147.51K
• Price to Earnings (P/E): 12.0
• Beta (1Y): 0.72
• Revenue Growth: 0.03%
• EPS Growth: 1997.67%
• Country: US
• Employees: 390
• Sector: Real Estate
• Sector Strength: 56
• Industry: REIT - Retail
• EPS (TTM): 0.27
• Shares Outstanding: 30,935,677
• 10 Day Avg. Volume: 182,350
• 30 Day Avg. Volume: 147,509
• PEG Ratio: 4.68
• Price to Book (P/B): 6.45
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 18.64
• Enterprise Value/Market Cap: 10.87
• Enterprise Value/Revenue: 4.16
• Enterprise Value/Gross Profit: 32.24
• Enterprise Value/Ebitda: 6.63
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: $28.00 ▲(8.15%Upside)

CBL & Associates Properties has a solid valuation with a low P/E ratio and high dividend yield, making it attractive for value and income investors. Technical indicators suggest positive short-term momentum. Financial performance shows strengths in profitability and cash flow, but high leverage remains a concern.

CBL & Associates Properties Business Overview & Revenue Model

Company Description

CBL & Associates Properties, Inc. is a real estate investment trust (REIT) that specializes in the ownership, development, and management of retail properties. The company primarily focuses on regional shopping malls, outlet centers, and community centers across the United States. CBL's portfolio includes a mix of retail spaces, entertainment venues, and lifestyle centers, catering to a diverse range of consumers and tenants.

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 exhibits moderate revenue growth and stable cash flow generation, with strong EBITDA margins. However, high leverage as indicated by the elevated debt-to-equity ratio poses potential risks. The financial health profile is mixed, with strengths in cash conversion and profitability, but debt management needs improvement.

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	528.21M	515.56M	535.29M	563.01M	576.88M	575.86M
Gross Profit	270.03M	340.41M	348.15M	371.28M	388.43M	387.98M
EBITDA	315.68M	368.92M	388.93M	398.01M	339.35M	310.67M
Net Income	67.71M	58.97M	6.55M	-93.48M	-622.17M	-295.08M
Balance Sheet
Total Assets	2.62B	2.75B	2.41B	2.68B	2.95B	4.44B
Cash, Cash Equivalents and Short-Term Investments	276.11M	283.94M	34.19M	337.14M	319.55M	294.85M
Total Debt	2.15B	2.21B	1.97B	2.11B	2.36B	3.74B
Total Liabilities	2.34B	2.43B	2.08B	2.31B	2.54B	3.91B
Stockholders Equity	295.03M	323.55M	339.32M	370.54M	396.20M	531.84M
Cash Flow
Free Cash Flow	203.16M	202.22M	183.52M	208.23M	33.95M	133.37M
Operating Cash Flow	203.52M	202.22M	183.52M	208.23M	38.77M	133.37M
Investing Cash Flow	89.65M	65.01M	1.70M	-156.69M	87.33M	-280.40M
Financing Cash Flow	-296.92M	-236.50M	-204.09M	-145.80M	-158.41M	209.69M

CBL & Associates Properties Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 25.89
• 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 Neutral. The current price of 25.89 is above the 20-day moving average (MA) of 25.14, above the 50-day MA of 24.51, and below the 200-day MA of 26.05, indicating a neutral trend. The MACD of 0.28 indicates Negative momentum. The RSI at 53.14 is Neutral, neither overbought nor oversold. The STOCH value of 65.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CBL.

CBL & Associates Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CBL	72 Outperform	$800.92M	12.04	21.87%	6.18%	0.03%	1997.67%
SITC	72 Outperform	$683.36M	1.26	42.15%	3.42%	-42.71%	152.66%
WSR	70 Outperform	$1.27B	20.72	7.33%	4.31%	4.39%	24.45%
AKR	65 Neutral	$2.49B	112.86	0.92%	4.28%	2.62%	84.20%
BFS	64 Neutral	$825.99M	23.14	13.86%	6.92%	5.00%	-14.72%
Sector *	63 Neutral	$6.90B	18.98	-1.16%	7.10%	4.71%	-24.99%
WHLR	48 Neutral	$6.77M	―	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.