CBL & Associates Properties (CBL) AI Stock Analysis

• Market Cap: $917.79M
• Dividend Yield: 9.31%
• Average Volume (3M): 127.87K
• Price to Earnings (P/E): 14.2
• Beta (1Y): 0.78
• Revenue Growth: 2.20%
• EPS Growth: 128.61%
• Country: US
• Employees: 390
• Sector: Real Estate
• Sector Strength: 48
• Industry: REIT - Retail
• EPS (TTM): 0.08
• Shares Outstanding: 30,933,176
• 10 Day Avg. Volume: 164,628
• 30 Day Avg. Volume: 127,873
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.95
• Enterprise Value/Revenue: 5.01
• Enterprise Value/Gross Profit: 8.61
• Enterprise Value/Ebitda: 18.21
• 1Y Price Target: $28.00
• Price Target Upside: -7.56% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: $28.00 ▼(-7.56% Downside)

CBL's strong corporate event strategy, showing smart acquisitions and financial management, is the most significant factor supporting the stock score. Technical analysis further bolsters the score with positive momentum indicators. The stock's valuation is attractive, driven by a reasonable P/E ratio and high dividend yield. However, financial performance is mixed, with high leverage posing potential risks.

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 moderate revenue growth and stable cash flow generation. 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	539.45M	515.56M	535.29M	563.01M	576.88M	575.86M
Gross Profit	313.90M	340.41M	348.15M	371.28M	388.43M	387.98M
EBITDA	148.51M	368.92M	388.93M	398.01M	339.35M	310.67M
Net Income	65.53M	58.97M	6.55M	-93.48M	-622.17M	-295.08M
Balance Sheet
Total Assets	867.88M	2.75B	2.41B	2.68B	2.95B	4.44B
Cash, Cash Equivalents and Short-Term Investments	287.99M	283.94M	34.19M	337.14M	319.55M	294.85M
Total Debt	0.00	2.21B	1.97B	2.11B	2.36B	3.74B
Total Liabilities	758.22M	2.43B	2.08B	2.31B	2.54B	3.91B
Stockholders Equity	289.39M	323.55M	339.32M	370.54M	396.20M	531.84M
Cash Flow
Free Cash Flow	207.21M	202.22M	183.52M	208.23M	33.95M	133.37M
Operating Cash Flow	207.56M	202.22M	183.52M	208.23M	38.77M	133.37M
Investing Cash Flow	150.18M	65.01M	1.70M	-156.69M	87.33M	-280.40M
Financing Cash Flow	-294.13M	-236.50M	-204.09M	-145.80M	-158.41M	209.69M

CBL & Associates Properties Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.29
• 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 30.29 is above the 20-day moving average (MA) of 27.80, above the 50-day MA of 26.46, and above the 200-day MA of 26.56, indicating a bullish trend. The MACD of 0.91 indicates Negative momentum. The RSI at 74.60 is Negative, neither overbought nor oversold. The STOCH value of 95.18 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
CBL	72 Outperform	$917.79M	14.19	21.97%	9.31%	2.20%	128.61%
WSR	71 Outperform	$1.25B	18.79	7.97%	4.31%	4.04%	107.96%
Sector *	71 Outperform	¥233.75B	15.23	10.65%	3.48%	20.27%	28.19%
SITC	70 Outperform	$602.07M	1.70	25.89%	3.88%	-57.45%	-20.83%
AKR	68 Neutral	$2.52B	113.54	0.95%	4.10%	7.09%	2591.94%
BFS	65 Neutral	$807.27M	25.14	12.90%	7.16%	5.17%	-25.96%
WHLR	52 Neutral	$2.86M	―	8.94%	―	0.14%	99.35%

CBL & Associates Properties Corporate Events

CBL Properties Acquires Malls, Extends Loan Agreement

On July 29, 2025, CBL Properties acquired four enclosed regional malls from Washington Prime Group for $178.9 million, reinforcing its position as a leading owner and manager of enclosed malls in growing middle markets. This acquisition is part of CBL’s strategy to optimize its portfolio by redeploying proceeds from non-core asset sales into stable and growing assets, enhancing cash flow per share and financial stability. Concurrently, CBL modified and extended a $333 million loan with Beal Bank USA, increasing the principal to $443 million and extending the maturity profile, which reduces interest rate risk and supports the integration of the new properties.

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.