CBL Stock Analysis: CBL & Associates Properties | NYSE
REIT - Retail | NYSE, USA | Market Cap: 1.764m USD | 12M Return: 87.2% | US1248308785 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.5M
Rev. Trend: 72.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 4.7 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: 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 August 27, 2026, the stock is trading at USD 55.10 with a total of 151,214 shares traded. Over the past week, the price has changed by -3.33%, over one month by -5.67%, over three months by +18.25% and over the past year by +87.20%.
Current recommended Stop Loss: 52.80 (which is 4.2% or 1.4 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 | 63 | 14.3% |
P/E Trailing = 8.2133
P/S = 2.9988
P/B = 4.1017
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 = 3.58b USD (1.76b + Debt 2.11b - CCE 302.4m)
Interest Coverage Ratio = 2.49 (Ebit TTM 423.5m / Interest Expense TTM 170.4m)
EV/FCF = 12.64x (Enterprise Value 3.58b / FCF TTM 282.9m)
FCF Yield = 7.91% (FCF TTM 282.9m / Enterprise Value 3.58b)
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 = 1.36 (Enterprise Value 3.58b / 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 = 7.44% (E(1.76b)/V(3.88b) * Re(6.83%) + D(2.11b)/V(3.88b) * Rd(8.06%) * (1-Tc(0.01)))
Discount Rate = 6.83% (= 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%