CBL Stock Analysis: CBL & Associates Properties | NYSE
REIT - Retail | NYSE, USA | Market Cap: 1.615m USD | 12M Return: 108% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 17.9M
Qual. Beats: 3
Rev. Trend: 47.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 4.6 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. is a U.S. real estate company that owns and manages a national portfolio of market-dominant retail properties spanning 23 states. Its holdings include 88 properties totaling 55.6 million square feet, with a mix of 56 enclosed malls, outlet centers, and lifestyle retail centers alongside more than 25 open-air centers and other assets. The company is headquartered in Chattanooga, TN, and was incorporated in Delaware in 1978. Traded on the NYSE under the ticker CBL, it operates in the Real Estate sector with a small-cap market capitalization.
As a retail-focused REIT, CBLs business model centers on generating rental income from leasing space to retailers, complemented by common area maintenance charges and percentage-based rent tied to tenant sales. Mall and lifestyle center operators in this segment have faced structural challenges in recent years due to the ongoing shift toward e-commerce, though properties in secondary and tertiary markets with limited nearby competition have historically maintained more resilient occupancy and foot traffic.
- Anchor tenant bankruptcies pressure mall occupancy and rental income
- Interest rate hikes compress REIT valuations across the sector
- E-commerce competition erodes mall foot traffic and lease spreads
| Net Income: 173.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 2.50 > 1.0 |
| NWC/Revenue: -47.77% < 20% (prev 41.60%; Δ -89.37% < -1%) |
| CFO/TA 0.10 > 3% & CFO 270.9m > Net Income 173.7m |
| Net Debt (1.88b) to EBITDA (501.8m): 3.74 < 3 |
| Current Ratio: 0.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (30.7m) vs 12m ago -0.09% < -2% |
| Gross Margin: 10.85% > 18% (prev 8.49%; Δ 2.37% > 0.5%) |
| Asset Turnover: 22.11% > 50% (prev 20.13%; Δ 1.98% > 0%) |
| Interest Coverage Ratio: 2.00 > 6 (EBIT TTM 344.1m / Interest Expense TTM 171.6m) |
| A: -0.11 (Total Current Assets 253.8m - Total Current Liabilities 532.0m) / Total Assets 2.65b |
| B: -0.11 (Retained Earnings -285.8m / Total Assets 2.65b) |
| C: 0.13 (EBIT TTM 344.1m / Avg Total Assets 2.63b) |
| D: 0.18 (Book Value of Equity 398.0m / Total Liabilities 2.26b) |
| Altman-Z'' = 0.02 = B |
| DSRI: 0.92 (Receivables 41.0m/40.5m, Revenue 582.6m/528.2m) |
| GMI: 0.78 (GM 8.49% / 10.85%) |
| AQI: 0.81 (AQ_t 0.19 / AQ_t-1 0.24) |
| SGI: 1.10 (Revenue 582.6m / 528.2m) |
| TATA: -0.04 (NI 173.7m - CFO 270.9m) / TA 2.65b) |
| Beneish M = -3.33 (Cap -4..+1) = AA |
As of July 13, 2026, the stock is trading at USD 52.37 with a total of 141,713 shares traded. Over the past week, the price has changed by -0.49%, over one month by +5.37%, over three months by +26.64% and over the past year by +107.97%.
Current recommended Stop Loss: 50.10 (which is 4.3% or 1.3 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: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 60 | 14.6% |
P/E Trailing = 9.353
P/S = 2.7722
P/B = 4.058
Revenue TTM = 582.6m USD
EBIT TTM = 344.1m USD
EBITDA TTM = 501.8m USD
Long Term Debt = 2.08b USD (from longTermDebt, last quarter)
Short Term Debt = 532.0m USD (from shortTermDebt, last quarter)
Debt = 2.16b USD (from shortLongTermDebtTotal, last quarter) + Leases 80.4m
Net Debt = 1.88b USD (calculated: Debt 2.16b - CCE 283.0m)
Enterprise Value = 3.49b USD (1.62b + Debt 2.16b - CCE 283.0m)
Interest Coverage Ratio = 2.00 (Ebit TTM 344.1m / Interest Expense TTM 171.6m)
EV/FCF = 12.89x (Enterprise Value 3.49b / FCF TTM 270.9m)
FCF Yield = 7.76% (FCF TTM 270.9m / Enterprise Value 3.49b)
FCF Margin = 46.50% (FCF TTM 270.9m / Revenue TTM 582.6m)
Net Margin = 29.81% (Net Income TTM 173.7m / Revenue TTM 582.6m)
Gross Margin = 10.85% ((Revenue TTM 582.6m - Cost of Revenue TTM 519.3m) / Revenue TTM)
Gross Margin QoQ = 10.37% (prev 16.65%)
Tobins Q-Ratio = 1.32 (Enterprise Value 3.49b / Total Assets 2.65b)
Interest Expense / Debt = 7.95% (Interest Expense 171.6m / Debt 2.16b)
Taxrate = 0.35% (475k / 135.0m)
NOPAT = 342.9m (EBIT 344.1m * (1 - 0.35%))
Current Ratio = 0.48 (Total Current Assets 253.8m / Total Current Liabilities 532.0m)
Debt / Equity = 5.42 (Debt 2.16b / totalStockholderEquity, last quarter 398.0m)
Debt / EBITDA = 3.74 (Net Debt 1.88b / EBITDA 501.8m)
Debt / FCF = 6.92 (Net Debt 1.88b / FCF TTM 270.9m)
Total Stockholder Equity = 353.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.59% (Net Income 173.7m / Total Assets 2.65b)
RoE = 49.14% (Net Income TTM 173.7m / Total Stockholder Equity 353.4m)
RoCE = 14.15% (EBIT 344.1m / Capital Employed (Equity 353.4m + L.T.Debt 2.08b))
RoIC = 13.11% (NOPAT 342.9m / Invested Capital 2.62b)
WACC = 7.77% (E(1.62b)/V(3.77b) * Re(7.57%) + D(2.16b)/V(3.77b) * Rd(7.95%) * (1-Tc(0.00)))
Discount Rate = 7.57% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -42.22 | Cagr: -0.87%
[DCF] Terminal Value 77.97% ; FCFF base≈243.8m ; Y1≈279.5m ; Y5≈411.3m
[DCF] Fair Price = 139.4 (EV 6.19b - Net Debt 1.88b = Equity 4.31b / Shares 30.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.71 | # QB: 3
Revenue Correlation: 47.73 | Revenue CAGR: 2.05% | SUE: 0.67 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=3.24 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+0.0% | GrowthRev=+0.0%