CBL - CBL & Associates Properties Inc Stock Price, Fair Value and News

22.07USD+0.25 (+1.15%)Delayed as of 22 Apr 2024, 12:48 pm ET

Market Summary

USD22.07+0.25

Delayedas of 22 Apr 2024, 12:48 pm

1.15%

CBL Alerts

1 major insider sales recently.

CBL Stock Price

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CBL RSI Chart

CBL Valuation

Market Cap

704.2M

Price/Earnings (Trailing)

107.58

Price/Sales (Trailing)

1.32

Price/Free Cashflow

3.84

CBL Price/Sales (Trailing)

CBL Profitability

Return on Equity

1.93%

Return on Assets

0.27%

Free Cashflow Yield

26.06%

CBL Fundamentals

CBL Revenue

Revenue (TTM)

535.3M

Rev. Growth (Yr)

-6.62%

Rev. Growth (Qtr)

8.01%

CBL Earnings

Earnings (TTM)

6.5M

Earnings Growth (Yr)

304.28%

Earnings Growth (Qtr)

-10.93%

Breaking Down CBL Revenue

52 Week Range

20.6425.06

(Low)(High)

Last 7 days

-0.4%

Last 30 days

-3.8%

Last 90 days

-11.3%

Trailing 12 Months

-13.7%

How does CBL drawdown profile look like?

CBL Financial Health

Debt/Equity

5.57

Debt/Cashflow

0.1

CBL Investor Care

Dividend Yield

0.33%

Dividend/Share (TTM)

0.08

Shares Dilution (1Y)

0.52%

Diluted EPS (TTM)

0.17

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	559.3M	552.1M	545.2M	535.3M
2022	580.4M	567.1M	522.2M	563.0M
2021	541.5M	553.8M	574.3M	601.2M
2020	738.2M	669.1M	611.7M	575.9M
2019	836.4M	815.2M	795.5M	768.7M
2018	909.4M	894.8M	877.0M	858.6M
2017	1.0B	977.5M	950.4M	927.3M
2016	1.1B	1.1B	1.0B	1.0B
2015	1.1B	1.1B	1.1B	1.1B
2014	1.1B	1.1B	1.1B	1.1B
2013	1.0B	1.0B	1.0B	1.1B
2012	1.0B	1.0B	997.1M	1.0B
2011	1.0B	1.0B	1.0B	1.0B
2010	1.1B	1.1B	1.1B	1.0B
2009	0	1.1B	1.1B	1.1B
2008	0	0	0	1.1B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of CBL & Associates Properties Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 22, 2024	lebovitz stephen d	sold	-60,683	22.2773	-2,724	ceo
Mar 21, 2024	lebovitz stephen d	sold	-167,692	22.6214	-7,413	ceo
Mar 13, 2024	lebovitz stephen d	sold	-612,068	22.6692	-27,000	ceo
Mar 12, 2024	lebovitz stephen d	sold	-99,052	22.7655	-4,351	ceo
Mar 11, 2024	lebovitz stephen d	sold	-232,548	23.0086	-10,107	ceo
Mar 08, 2024	lebovitz stephen d	sold	-349,552	23.3035	-15,000	ceo
Mar 07, 2024	jaenicke benjamin w	sold	-152,942	23.2682	-6,573	evp - chief financial officer
Mar 07, 2024	lebovitz stephen d	sold	-20,948	23.4583	-893	ceo
Feb 29, 2024	lebovitz stephen d	sold	-94,781	23.6304	-4,011	ceo
Feb 28, 2024	lebovitz stephen d	sold	-877,121	23.5437	-37,255	ceo

Which funds bought or sold CBL recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 16, 2024	Moisand Fitzgerald Tamayo, LLC	sold off	-100	-98.00	-	-%
Apr 15, 2024	Sound Income Strategies, LLC	unchanged	-	-147	2,222	-%
Apr 05, 2024	CWM, LLC	added	34.48	1,000	6,000	-%
Apr 05, 2024	NBC SECURITIES, INC.	reduced	-4.1	-26,000	235,000	0.02%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	added	477	41,030	48,205	-%
Mar 11, 2024	VANGUARD GROUP INC	reduced	-1.98	5,437,460	44,027,100	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	60.52	2,575,390	5,540,990	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.4	44,898	326,764	-%
Feb 16, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	added	34.4	8,518	24,518	-%
Feb 15, 2024	Farther Finance Advisors, LLC	new	-	366	366	-%

Are Funds Buying or Selling CBL?

Are funds buying CBL calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CBL

No. of Funds

CBL Alerts

1 major insider sales recently.

Unveiling CBL & Associates Properties Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.63%	1,802,911	SC 13G/A
Feb 06, 2024	cetus capital vi, l.p.	1.70%	543,773	SC 13G/A
Jan 29, 2024	blackrock inc.	6.2%	1,993,143	SC 13G/A
Mar 14, 2023	amster howard	7.26%	2,327,601	SC 13D
Feb 09, 2023	vanguard group inc	5.29%	1,684,067	SC 13G
Feb 03, 2023	blackrock inc.	5.6%	1,775,328	SC 13G
Feb 01, 2023	cetus capital vi, l.p.	2.70%	860,800	SC 13G/A
Sep 01, 2022	strategic value partners, llc	10.2%	3,243,989	SC 13D
May 18, 2022	strategic value partners, llc	10.2%	3,243,989	SC 13G/A
Apr 22, 2022	oaktree capital group, llc	12.5%	3,983,967	SC 13D/A

Recent SEC filings of CBL & Associates Properties Inc

View All Filings

Date Filed	Form Type	Document
Mar 25, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 13, 2024	4	Insider Trading
Mar 11, 2024	4	Insider Trading
Mar 11, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Feb 29, 2024	10-K	Annual Report
Feb 29, 2024	144	Notice of Insider Sale Intent
Feb 29, 2024	4	Insider Trading
Feb 26, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to CBL & Associates Properties Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	79.9B	11.1B	-11.94%	-16.63%	58.47	7.17	4.04%	-19.43%
CCI	41.4B	7.0B	-8.87%	-24.96%	27.55	5.92	-0.07%	-10.36%
AVB	26.2B	2.8B	0.30%	6.36%	28.18	9.45	6.73%	-18.30%
ARE	19.9B	2.9B	-8.38%	-6.65%	191.73	6.89	11.46%	-80.13%
AMH	12.8B	1.6B	-2.62%	6.17%	29.55	7.95	7.80%	39.39%
REG	10.8B	1.3B	-3.14%	-3.60%	29.55	8.15	8.04%	-24.50%
BXP	9.4B	3.3B	-6.63%	15.11%	49.67	2.89	5.31%	-77.32%
MID-CAP
FRT	8.3B	1.1B	-1.33%	2.80%	34.93	7.31	5.38%	-38.52%
MAC	3.3B	884.1M	-10.11%	54.70%	-12.03	3.73	2.90%	-314.82%
SLG	3.2B	899.4M	-6.40%	107.66%	-5.69	3.57	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	-2.46%	15.40%	19.75	2.9	4.38%	15.77%
AIV	1.1B	198.2M	1.56%	-2.62%	-7.2	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-9.30%	1.07%	13.28	1.76	25.53%	134.62%
NYMT	635.9M	258.7M	-4.65%	-31.33%	-13.07	2.46	0.11%	83.70%
IVR	399.3M	277.9M	-12.53%	-21.90%	-25.18	1.44	44.33%	96.06%

CBL & Associates Properties Inc News

Latest updates

CBL & Associates Properties Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	8.0%	140	129	130	136	150	136	137	140	109	181	150	137	133	154	130	124	168	190	187	193	198
Costs and Expenses	-0.5%	102	102	112	124	127	124	130	135	91.00	231	170	103	166	176	123	126	263	164	246	178	266
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	246	178	266
S&GA Expenses	-0.8%	14.00	14.00	16.00	19.00	16.00	15.00	18.00	18.00	9.00	18.00	14.00	11.00	13.00	-8.63	25.00	19.00	18.00	15.00	12.00	14.00	22.00
Interest Expenses	-1.3%	42.00	43.00	44.00	44.00	34.00	38.00	55.00	91.00	195	31.00	19.00	22.00	24.00	40.00	61.00	53.00	47.00	49.00	51.00	52.00	54.00
Income Taxes	-138.6%	-0.49	1.00	0.00	-0.10	0.00	2.00	-0.47	1.00	-5.88	2.00	-1.23	1.00	1.00	-0.35	1.00	16.00	1.00	1.00	2.00	1.00	0.00
Net Income	-10.9%	12.00	13.00	-20.79	2.00	3.00	-14.29	-41.39	-40.72	-151	-420	-41.72	-8.88	-28.28	-59.30	-42.88	-70.23	-122	-11.76	-78.89	-24.18	62.00
Net Income Margin	384.3%	0.01*	0.00*	-0.05*	-0.09*	-0.17*	-0.47*	-1.15*	-1.13*	-1.08*	-0.83*	-0.24*	-0.25*	-0.37*	-0.51*	-	-	-	-	-	-	-
Free Cashflow	-1.1%	49.00	50.00	51.00	33.00	54.00	66.00	46.00	42.00	57.00	72.00	72.00	68.00	63.00	74.00	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.2%	2,406	2,436	2,475	2,516	2,678	2,727	2,775	2,849	2,946	2,963	4,228	4,264	4,280	4,444	4,564	4,655	4,721	4,622	4,770	5,048	5,162
Cash Equivalents	-0.9%	34.00	35.00	25.00	23.00	45.00	86.00	177	186	170	260	268	144	85.00	122	107	123	159	59.00	35.00	20.00	21.00
Liabilities	-1.5%	2,075	2,107	2,150	2,158	2,311	2,287	2,313	2,336	2,545	-	1,662	1,646	1,635	1,485	3,952	4,001	3,995	3,977	3,959	4,127	4,200
Long Term Debt	-0.6%	1,889	1,900	1,942	1,946	2,000	2,017	2,035	1,639	1,813	1,679	1,019	988	1,037	1,185	3,730	3,774	3,790	3,527	3,699	3,866	3,899
Shareholder's Equity	0.3%	339	338	325	358	371	439	462	513	401	547	455	497	507	534	612	653	725	862	809	919	958
Retained Earnings	0.0%	-380	-380	-381	-348	-338	-263	-241	-192	-151	-	-1,533	-1,492	-1,483	-1,456	-1,397	-1,354	-1,284	-1,161	-1,194	-1,104	-1,069
Additional Paid-In Capital	0.2%	719	718	715	712	710	709	706	703	548	547	1,987	1,987	1,987	1,986	1,985	1,982	1,978	1,966	1,965	1,967	1,968
Shares Outstanding	-0.1%	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	21.00	20.00	198	196	196	197	-	-	-	-	-	-	-
Minority Interest	6.6%	-8.70	-9.32	-8.92	-5.16	-3.41	-5.84	-2.69	3.00	5.00	6.00	0.00	0.00	1.00	2.00	23.00	23.00	29.00	56.00	36.00	55.00	58.00
Float	-	-	-	411	-	-	-	423	-	-	-	-	21.00	-	-	-	46.00	-	-	-	176	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-1.1%	49,361	49,919	51,061	33,175	54,414	65,731	45,660	42,429	57,049	-	71,673	67,728	62,769	74,173	20,822	-358	38,728	48,165	99,211	70,544	55,488
Share Based Compensation	247.6%	4,901	1,410	1,797	3,252	3,469	2,855	2,818	2,743	282	699	241	246	395	729	2,797	748	1,545	945	900	895	2,043
Cashflow From Investing	-116.5%	-16,398	-7,573	-4,200	29,872	-264,517	105,142	5,132	-2,442	-139,016	-	94,992	46,752	-2,564	-78,893	-10,125	-18,748	-172,631	-31,284	28,766	13,367	13,737
Cashflow From Financing	18.5%	-29,563	-36,263	-28,255	-110,009	-32,335	-45,344	-37,094	-31,025	-12,117	-	-7,948	-10,460	-13,760	-14,790	-19,593	-15,892	259,971	-21,079	-110,237	-83,811	-81,321
Dividend Payments	-0.1%	12,000	12,010	12,025	82,058	7,960	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,010	12,949
Buy Backs	-65.7%	283	826	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96.00	-	-	-

CBL Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($)
$ in Thousands

2 Months Ended

10 Months Ended

12 Months Ended

Dec. 31, 2021

Oct. 31, 2021

Dec. 31, 2023

Dec. 31, 2022

REVENUES:

Rental revenues

$ 103,252

$ 450,922

$ 513,957

$ 542,247

Management, development and leasing fees

1,500

5,642

7,917

7,158

Other

4,094

11,465

13,412

13,606

Total revenues

^[1]

108,846

468,029

535,286

563,011

EXPENSES:

Property operating

(15,258)

(72,735)

(90,996)

(92,126)

Depreciation and amortization

(49,504)

(158,574)

(190,505)

(256,310)

Real estate taxes

(9,598)

(50,787)

(54,807)

(57,119)

Maintenance and repairs

(7,581)

(32,487)

(41,336)

(42,485)

General and administrative

(9,175)

(43,160)

(64,066)

(67,215)

Loss on impairment

(146,781)

(252)

Litigation settlement

118

932

2,310

304

Other

(3)

(745)

(221)

(834)

Total expenses

(91,001)

(504,337)

(439,621)

(516,037)

OTHER INCOME (EXPENSES):

Interest and other income

510

2,055

13,199

4,938

Interest expense

(195,488)

(72,415)

(172,905)

(217,342)

Gain on extinguishment of debt

3,270

7,344

Gain on deconsolidation

19,126

55,131

47,879

36,250

Loss on available-for-sale securities

(39)

Gain (loss) on sales of real estate assets

(3)

12,187

5,125

5,345

Reorganization items, net

(1,403)

(435,162)

298

Income tax (provision) benefit

5,885

(1,078)

(894)

(3,079)

Equity in earnings (losses) of unconsolidated affiliates

797

(10,823)

11,865

19,796

Total other expenses

(170,576)

(450,105)

(92,461)

(146,489)

Net income (loss)

(152,731)

(486,413)

3,204

(99,515)

Net (income) loss attributable to noncontrolling interests in:

Operating Partnership

2,473

(2)

Other consolidated subsidiaries

1,186

13,313

3,344

5,999

Net income (loss) attributable to the Company

(151,545)

(470,627)

6,546

(93,482)

Dividends allocable to unvested restricted stock

(1,113)

(2,537)

Net income (loss) attributable to common shareholders

$ (151,545)

$ (470,627)

$ 5,433

$ (96,019)

Basic and diluted per share data attributable to common shareholders:

Basic earnings per share

$ (7.5)

$ (2.39)

$ 0.17

$ (3.2)

Diluted earnings per share

^[2]

$ (7.5)

$ (2.39)

$ 0.17

$ (3.2)

Weighted-average basic shares

20,208

196,591

31,303

30,046

Weighted-average dilutive shares

^[2]

20,208

196,591

31,303

30,046

[1]

Management, development and leasing fees are included in the All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source for each of the above segments.

[2]

For the Successor year ended December 31, 2023, the computation of diluted EPS does not include contingently issuable shares due to their anti-dilutive nature. Had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,330,597, including 27,434 contingently issuable shares related to unvested restricted stock awards. Due to a net loss for the Successor year ended December 31, 2022, the computation of diluted EPS does not include contingently issuable shares due to their anti-dilutive nature. Had the Successor reported net income for the year ended December 31, 2022, the denominator for diluted EPS would have been 30,206,521, including 160,098 contingently issuable shares related to PSUs and unvested restricted stock awards. There were no potential dilutive common shares and there were no anti-dilutive shares for the Successor period from November 1, 2021 through December 31, 2021. There were no potential dilutive common shares and there were no anti-dilutive shares for the Predecessor period from January 1, 2021 through October 31, 2021.

CBL Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Real estate assets:

Land

^[1]

$ 585,191

$ 596,715

Buildings and improvements

^[1]

1,216,054

1,198,597

Real estate assets

^[1]

1,801,245

1,795,312

Accumulated depreciation

^[1]

(228,034)

(136,901)

Real estate investment property, net, before developments in progress

^[1]

1,573,211

1,658,411

Developments in progress

^[1]

8,900

5,576

Net investment in real estate assets

^[1]

1,582,111

1,663,987

Cash and cash equivalents

^[1]

34,188

44,718

Restricted cash

^[1]

88,888

97,231

Available-for-sale securities - at fair value (amortized cost of $261,869 and $293,476 as of December 31, 2023 and 2022, respectively)

^[1]

262,142

292,422

Receivables:

Tenant

^[1]

43,436

40,620

Other

^[1]

2,752

3,876

Investments in unconsolidated affiliates

^[1]

76,458

77,295

In-place leases, net

^[1]

157,639

247,497

Above market leases, net

^[1]

118,673

171,265

Intangible lease assets and other assets

^[1]

39,618

39,332

Total assets

^[1]

2,405,905

2,678,243

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY

Mortgage and other indebtedness, net

1,888,803

2,000,186

Below market leases, net

80,408

110,616

Accounts payable and accrued liabilities

106,077

200,312

Total liabilities

^[1]

2,075,288

2,311,114

OWNERS' EQUITY (DEFICIT):

Common stock, $.001 par value, 200,000,000 shares authorized, 31,975,645 and 31,780,075 issued and outstanding as of December 31, 2023 and 2022, respectively (in each case, excluding 34 treasury shares)

Additional paid-in capital

719,125

710,497

Accumulated other comprehensive income (loss)

610

(1,054)

Accumulated deficit

(380,446)

(338,934)

Total shareholders' equity

339,321

370,541

Noncontrolling interests

(8,704)

(3,412)

Total owners' deficit

330,617

367,129

Total liabilities, redeemable noncontrolling interests and equity

$ 2,405,905

$ 2,678,243

[1]

As of December 31, 2023, includes $187,221 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $209,637 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 10.

About CBL & Associates Properties Inc

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's owned and managed portfolio is comprised of 94 properties totaling 58.5 million square feet across 22 states, including 56 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties.

CEO	Mr. Stephen D. Lebovitz
WEBSITE	cblproperties.com
INDUSTRY	REIT Mortgage
EMPLOYEES	395

CBL & Associates Properties Inc Frequently Asked Questions

What is the ticker symbol for CBL & Associates Properties Inc? What does CBL stand for in stocks?

CBL is the stock ticker symbol of CBL & Associates Properties Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of CBL & Associates Properties Inc (CBL)?

As of Fri Apr 19 2024, market cap of CBL & Associates Properties Inc is 704.2 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CBL stock?

You can check CBL's fair value in chart for subscribers.

What is the fair value of CBL stock?

You can check CBL's fair value in chart for subscribers. The fair value of CBL & Associates Properties Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of CBL & Associates Properties Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CBL so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is CBL & Associates Properties Inc a good stock to buy?

The fair value guage provides a quick view whether CBL is over valued or under valued. Whether CBL & Associates Properties Inc is cheap or expensive depends on the assumptions which impact CBL & Associates Properties Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CBL.

What is CBL & Associates Properties Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, CBL's PE ratio (Price to Earnings) is 107.58 and Price to Sales (PS) ratio is 1.32. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CBL PE ratio will change depending on the future growth rate expectations of investors.