CBL & Associates Properties (CBL) AI Stock Analysis

• Market Cap: $1.03B
• Dividend Yield: 7.47%
• Average Volume (3M): 116.27K
• Price to Earnings (P/E): 8.5
• Beta (1Y): 0.71
• 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: 142,439
• 30 Day Avg. Volume: 116,265
• 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: 2.89
• 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): 0.92
• Revenue Forecast (FY): $549.00M

• Rating: 71 Outperform
• Price Target: $36.00 ▲(7.62% Upside)

CBL & Associates Properties receives a strong overall score driven by attractive valuation metrics and positive technical indicators. While financial performance shows recovery, high leverage remains a concern. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a recovery trend, suggesting resilience in the business model and potential for long-term expansion.

Cash Generation

Improved cash generation enhances financial flexibility, allowing for reinvestment in growth opportunities and debt reduction.

Profitability

Improved profitability reflects better cost management and operational efficiency, supporting sustainable financial performance.

Negative Factors

High Leverage

High leverage poses financial risk, potentially limiting the company's ability to invest in growth and increasing vulnerability to economic downturns.

Declining Margins

Decreasing margins suggest operational challenges, which could impact profitability and competitiveness if not addressed.

Equity Buffer

A low equity buffer increases financial risk, reducing the company's ability to absorb losses and potentially impacting long-term stability.

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 retail space to tenants within its properties. The company earns rental income from long-term leases with a variety of retailers, which may include percentage rents based on sales, providing a performance-linked revenue stream. Additional revenue comes from property management fees and ancillary income sources, such as advertising and promotional events within its shopping centers. CBL also engages in development projects and property sales, which can provide one-time revenue boosts. The company's strategic partnerships with retailers and community engagement initiatives further enhance its ability to attract and retain tenants, positively impacting occupancy rates and overall revenue.

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: 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 33.45 is above the 20-day moving average (MA) of 31.46, above the 50-day MA of 30.15, and above the 200-day MA of 27.12, indicating a bullish trend. The MACD of 0.84 indicates Negative momentum. The RSI at 70.00 is Neutral, neither overbought nor oversold. The STOCH value of 74.43 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
GTY	79 Outperform	$1.64B	22.20	7.54%	6.83%	8.17%	9.96%
WSR	72 Outperform	$1.37B	15.64	10.34%	4.01%	4.44%	107.23%
CBL	71 Outperform	$1.03B	8.46	37.88%	7.47%	5.74%	294.33%
BFS	68 Neutral	$759.96M	27.04	11.88%	7.58%	5.75%	-37.69%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SITC	55 Neutral	$386.65M	13.35	2.46%	6.04%	-69.63%	-95.99%
ALX	53 Neutral	$1.08B	29.70	22.99%	8.48%	-7.52%	-22.75%

CBL & Associates Properties Corporate Events

CBL & Associates Reports Strong Q3 2025 Earnings

CBL & Associates Properties, Inc. is a real estate investment trust (REIT) primarily engaged in the ownership, development, acquisition, leasing, management, and operation of shopping malls and other properties across the southeastern and midwestern United States. The company operates through its subsidiary, CBL & Associates Limited Partnership.

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.

The most recent analyst rating on (CBL) stock is a Hold with a $32.00 price target. To see the full list of analyst forecasts on CBL & Associates Properties stock, see the CBL Stock Forecast page.