CBL & Associates Properties (CBL) AI Stock Analysis

• Market Cap: $938.82M
• Dividend Yield: 9.27%
• Average Volume (3M): 97.18K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 0.83
• Revenue Growth: 2.20%
• EPS Growth: 128.61%
• Country: US
• Employees: 390
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.08
• Shares Outstanding: 30,933,176
• 10 Day Avg. Volume: 73,646
• 30 Day Avg. Volume: 97,183
• 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: 2.88
• Enterprise Value/Revenue: 5.01
• Enterprise Value/Gross Profit: 8.61
• Enterprise Value/Ebitda: 18.21
• 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: 65 Neutral
• Price Target: $32.00 ▲(9.93% Upside)

CBL's overall stock score is driven by its strong dividend yield and reasonable valuation, which are attractive to income-focused investors. However, the company's high leverage and recent technical indicators suggest caution. The mixed financial performance, with strong cash conversion but compressed EBIT margins, further tempers the score.

CBL & Associates Properties Business Overview & Revenue Model

Company Description

CBL & Associates Properties, Inc. is a real estate investment trust (REIT) based in the United States, primarily focused on the ownership, development, and management of retail properties. The company operates a diverse portfolio that includes regional malls, open-air shopping centers, and mixed-use properties across various markets. CBL aims to enhance the shopping experience through strategic tenant relationships and innovative property management, catering to both consumers and retailers.

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. 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: 29.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• 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 29.11 is below the 20-day moving average (MA) of 29.47, below the 50-day MA of 30.21, and above the 200-day MA of 27.12, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 62.52 is Neutral, neither overbought nor oversold. The STOCH value of 91.73 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	79 Outperform	$1.57B	21.24	7.54%	6.83%	8.17%	9.96%
WSR	72 Outperform	$1.34B	15.42	10.34%	4.04%	4.44%	107.23%
SITC	67 Neutral	$388.09M	1.10	2.46%	5.96%	-69.63%	-95.99%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
CBL	65 Neutral	$938.82M	14.52	21.97%	9.27%	2.20%	128.61%
BFS	65 Neutral	$723.69M	22.54	12.90%	7.93%	5.17%	-25.96%
ALX	60 Neutral	$1.19B	32.60	22.99%	8.07%	-7.52%	-22.75%

CBL & Associates Properties Corporate Events

CBL & Associates Properties Reports Q2 2025 Earnings

CBL & Associates Properties, Inc. is a real estate investment trust (REIT) that specializes in owning, developing, and managing shopping malls, outlet centers, lifestyle centers, and other properties across the southeastern and midwestern United States.