CBL Stock Analysis: CBL & Associates Properties | NYSE
REIT - Retail | NYSE, USA | Market Cap: 1.693m USD | 12M Return: 76.3% | US1248308785 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 14.7M
Rev. Trend: 72.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 4.9 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
CBL & Associates Properties, Inc. (CBL) is a Chattanooga, TN-based real estate company that owns and manages a national portfolio of market-dominant retail properties concentrated in dynamic and growing communities. Its owned and managed portfolio consists of 85 properties totaling 54.8 million square feet across 23 states, including 54 high-quality enclosed malls, outlet centers, and lifestyle retail centers, as well as more than 20 open-air centers and other assets. CBL focuses on active management, aggressive leasing, and profitable reinvestment to strengthen its company and portfolio. The company was established in 1978 and is incorporated in Delaware.
As a real estate investment trust (REIT) focused on retail properties, CBL operates within the mall and shopping center sector, a segment of the real estate industry that has faced significant headwinds from the rise of e-commerce and changing consumer shopping habits. The companys emphasis on market-dominant properties in smaller, growing markets represents a strategy of targeting regional retail hubs that are less directly competitive with larger, higher-tier malls.
- Mall occupancy gains drive base rent growth
- Anchor tenant closures pressure leasing demand and rental income
- Rising interest rates increase refinancing costs on property debt
| Net Income: 216.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 2.77 > 1.0 |
| NWC/Revenue: 45.29% < 20% (prev 51.29%; Δ -6.01% < -1%) |
| CFO/TA 0.11 > 3% & CFO 282.9m > Net Income 216.4m |
| Net Debt (1.81b) to EBITDA (577.8m): 3.14 < 3 |
| Current Ratio: 2.47 > 1.5 & < 3 |
| Outstanding Shares: last quarter (30.9m) vs 12m ago 0.63% < -2% |
| Gross Margin: 24.91% > 18% (prev 8.89%; Δ 16.02% > 0.5%) |
| Asset Turnover: 22.45% > 50% (prev 20.72%; Δ 1.72% > 0%) |
| Interest Coverage Ratio: 2.49 > 6 (EBIT TTM 423.5m / Interest Expense TTM 170.4m) |
| A: 0.10 (Total Current Assets 447.3m - Total Current Liabilities 181.0m) / Total Assets 2.64b |
| B: -0.10 (Retained Earnings -258.7m / Total Assets 2.64b) |
| C: 0.16 (EBIT TTM 423.5m / Avg Total Assets 2.62b) |
| D: 0.19 (Book Value of Equity 427.4m / Total Liabilities 2.21b) |
| Altman-Z'' = 1.63 = BB |
| DSRI: 1.08 (Receivables 43.5m/37.1m, Revenue 588.1m/539.5m) |
| GMI: 0.36 (GM 8.89% / 24.91%) |
| AQI: 0.57 (AQ_t 0.12 / AQ_t-1 0.21) |
| SGI: 1.09 (Revenue 588.1m / 539.5m) |
| TATA: -0.03 (NI 216.4m - CFO 282.9m) / TA 2.64b) |
| Beneish M = -3.74 (Cap -4..+1) = AAA |
As of October 12, 2026, the stock is trading at USD 48.51 with a total of 307,764 shares traded. Over the past week, the price has changed by -11.32%, over one month by -11.20%, over three months by -5.97% and over the past year by +76.27%.
Current recommended Stop Loss: 45.00 (which is 7.2% or 2 ATR below the current price).
CBL & Associates Properties has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy CBL.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 63 | 29.9% |
P/E Trailing = 7.8818
P/S = 2.8778
P/B = 3.907
Revenue TTM = 588.1m USD
EBIT TTM = 423.5m USD
EBITDA TTM = 577.8m USD
Long Term Debt = 2.03b USD (from longTermDebt, last quarter)
Short Term Debt = 532.0m USD (from shortTermDebt, two quarters ago)
Debt = 2.11b USD (from shortLongTermDebtTotal, last quarter) + Leases 80.4m
Net Debt = 1.81b USD (calculated: Debt 2.11b - CCE 302.4m)
Enterprise Value = 3.50b USD (1.69b + Debt 2.11b - CCE 302.4m)
Interest Coverage Ratio = 2.49 (Ebit TTM 423.5m / Interest Expense TTM 170.4m)
EV/FCF = 12.39x (Enterprise Value 3.50b / FCF TTM 282.9m)
FCF Yield = 8.07% (FCF TTM 282.9m / Enterprise Value 3.50b)
FCF Margin = 48.10% (FCF TTM 282.9m / Revenue TTM 588.1m)
Net Margin = 36.79% (Net Income TTM 216.4m / Revenue TTM 588.1m)
Gross Margin = 24.91% ((Revenue TTM 588.1m - Cost of Revenue TTM 441.6m) / Revenue TTM)
Gross Margin QoQ = 65.39% (prev 10.37%)
Tobins Q-Ratio = 1.33 (Enterprise Value 3.50b / Total Assets 2.64b)
Interest Expense / Debt = 8.06% (Interest Expense 170.4m / Debt 2.11b)
Taxrate = 1.44% (642k / 44.7m)
NOPAT = 417.4m (EBIT 423.5m * (1 - 1.44%))
Current Ratio = 2.47 (Total Current Assets 447.3m / Total Current Liabilities 181.0m)
Debt / Equity = 4.95 (Debt 2.11b / totalStockholderEquity, last quarter 427.4m)
Debt / EBITDA = 3.14 (Net Debt 1.81b / EBITDA 577.8m)
Debt / FCF = 6.40 (Net Debt 1.81b / FCF TTM 282.9m)
Total Stockholder Equity = 387.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.26% (Net Income 216.4m / Total Assets 2.64b)
RoE = 55.78% (Net Income TTM 216.4m / Total Stockholder Equity 387.9m)
RoCE = 17.49% (EBIT 423.5m / Capital Employed (Equity 387.9m + L.T.Debt 2.03b))
RoIC = 17.20% (NOPAT 417.4m / Invested Capital 2.43b)
WACC = 7.38% (E(1.69b)/V(3.81b) * Re(6.67%) + D(2.11b)/V(3.81b) * Rd(8.06%) * (1-Tc(0.01)))
Discount Rate = 6.67% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -38.55 | Cagr: -0.86%
[DCF] Terminal Value 77.97% ; FCFF base≈252.6m ; Y1≈289.6m ; Y5≈426.2m
[DCF] Fair Price = 148.7 (EV 6.41b - Net Debt 1.81b = Equity 4.60b / Shares 30.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 72.65 | Revenue CAGR: 3.68% | SUE: 0.68 | # QB: 0
EPS current Year (2026-12-31): EPS=3.24 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+0.0% | GrowthRev=+0.0%