CBL & Associates Properties, Inc. (CBL)
CBL & Associates Properties, Inc. is a real estate investment trust (REIT) that owns and manages a diverse portfolio of retail properties across the United States. The company focuses on market-dominant properties in dynamic communities, seeking to enhance value through active management and strategic reinvestment.
Company Overview
CBL & Associates Properties offers investors access to a diversified portfolio of retail properties with a high dividend yield of 6.86% and a strategic focus on active management and reinvestment, positioning it for long-term growth in dynamic markets.
Investment Thesis
CBL presents a compelling investment opportunity due to its strategic focus on market-dominant retail properties and a high dividend yield of 6.86%. With a P/E ratio of 8.95 and a profit margin of 22.4%, CBL demonstrates strong financial performance. The company's active management and reinvestment strategy, coupled with its diversified portfolio of 106 properties, positions it for long-term growth. Key value drivers include increasing occupancy rates, enhancing tenant mix, and capitalizing on redevelopment opportunities. The company's commitment to creating vibrant shopping destinations and adapting to the evolving retail landscape makes it an attractive investment. The company's beta of 1.51 indicates higher volatility compared to the market, which may appeal to investors seeking higher potential returns.
Key Highlights
- Market Cap of $1.12B reflects the company's significant presence in the retail REIT sector.
- P/E Ratio of 8.95 indicates an attractive valuation relative to earnings.
- Profit Margin of 22.4% demonstrates efficient operations and profitability.
- Gross Margin of 64.3% highlights the company's ability to generate revenue from its properties.
- Dividend Yield of 6.86% provides a substantial income stream for investors.
Competitors
Strengths
- Diversified portfolio of retail properties.
- High dividend yield of 6.86%.
- Experienced management team.
- Strategic focus on market-dominant properties.
Weaknesses
- Exposure to the evolving retail landscape and e-commerce trends.
- High beta of 1.51 indicates higher volatility.
- Dependence on tenant performance and occupancy rates.
- Potential for increased competition in the retail REIT sector.
Catalysts
- Ongoing: Active management and reinvestment in properties to enhance value.
- Ongoing: Strategic leasing and tenant mix optimization.
- Ongoing: Redevelopment and repositioning of underutilized spaces.
- Upcoming: Potential acquisitions of complementary properties.
Risks
- Potential: Economic downturns and reduced consumer spending.
- Ongoing: Increased competition from online retailers.
- Ongoing: Changes in consumer preferences and shopping habits.
- Potential: Rising interest rates and increased borrowing costs.
- Ongoing: Dependence on tenant performance and occupancy rates.
Growth Opportunities
- Redevelopment and Repositioning: CBL has the opportunity to redevelop underutilized spaces within its existing properties into mixed-use developments, incorporating residential, office, and entertainment components. This strategy can attract new tenants, increase foot traffic, and enhance property values. The market for mixed-use developments is projected to grow as consumers seek convenient and integrated living experiences. Timeline: Ongoing.
- Strategic Acquisitions: CBL can pursue strategic acquisitions of complementary properties in high-growth markets. This would expand its portfolio, diversify its revenue streams, and increase its market share. The company's expertise in property management and leasing can be leveraged to improve the performance of acquired assets. The market for retail property acquisitions remains active, with opportunities to acquire undervalued assets. Timeline: Ongoing.
- Enhanced Tenant Mix: CBL can focus on attracting a diverse mix of tenants, including experiential retailers, restaurants, and entertainment venues. This would create a more engaging shopping experience and attract a wider range of customers. The demand for experiential retail is growing as consumers seek unique and memorable experiences. Timeline: Ongoing.
- Digital Integration: CBL can integrate digital technologies into its properties to enhance the shopping experience and improve operational efficiency. This includes implementing mobile apps, providing Wi-Fi access, and using data analytics to optimize tenant mix and marketing efforts. The market for digital retail solutions is growing rapidly as retailers seek to engage with customers in new ways. Timeline: Ongoing.
- Third-Party Management: CBL can expand its third-party management business by leveraging its expertise in property management and leasing. This would generate additional revenue and diversify its income streams. The demand for third-party management services is growing as property owners seek to improve the performance of their assets. Timeline: Ongoing.
Opportunities
- Redevelopment and repositioning of existing properties.
- Strategic acquisitions of complementary assets.
- Enhanced tenant mix and experiential retail offerings.
- Expansion of third-party management business.
Threats
- Economic downturns and reduced consumer spending.
- Increased competition from online retailers.
- Changes in consumer preferences and shopping habits.
- Rising interest rates and increased borrowing costs.
Competitive Advantages
- Diversified portfolio of retail properties across 25 states.
- Focus on market-dominant properties in dynamic communities.
- Expertise in property management and leasing.
- Strong relationships with tenants and retailers.
About
CBL & Associates Properties, Inc., headquartered in Chattanooga, Tennessee, is a real estate investment trust (REIT) specializing in the ownership and management of retail properties. Founded with a vision to create and operate dominant retail centers, CBL has evolved into a significant player in the REIT sector. The company's portfolio comprises 106 properties totaling 65.7 million square feet, spread across 25 states. These properties include 64 enclosed, outlet, and open-air retail centers, as well as 8 properties managed for third parties. CBL focuses on acquiring and developing properties in dynamic and growing communities, aiming to create vibrant shopping and entertainment destinations. The company's strategy involves active management, aggressive leasing, and profitable reinvestment to enhance property value and attract tenants. CBL's commitment to strengthening its portfolio and delivering value to shareholders has solidified its position as a key player in the retail REIT landscape. With a focus on creating engaging experiences for shoppers and providing attractive returns for investors, CBL continues to adapt to the evolving retail environment.
What They Do
- Owns and manages a portfolio of retail properties.
- Operates enclosed, outlet, and open-air retail centers.
- Manages properties for third parties.
- Focuses on market-dominant properties in dynamic communities.
- Actively manages and leases its properties.
- Reinvests in its properties to enhance value.
- Creates engaging shopping and entertainment destinations.
Business Model
- Generates revenue from leasing retail space to tenants.
- Collects rent and other fees from tenants.
- Manages properties for third parties and earns management fees.
- Increases property value through active management and reinvestment.
Industry Context
CBL operates within the REIT - Retail industry, which is characterized by evolving consumer preferences and the growth of e-commerce. The industry is adapting to these changes by focusing on creating experiential retail environments and mixed-use developments. CBL's focus on market-dominant properties and active management aligns with these trends. Competitors such as AKR, ALX, BFS, BRX and GTY are also navigating this landscape, each with their own strategies for growth and value creation. The retail REIT sector is expected to see continued consolidation and innovation as companies strive to meet the demands of modern shoppers.
Key Customers
- Retail tenants who lease space in CBL's properties.
- Shoppers who visit CBL's retail centers.
- Third-party property owners who contract with CBL for management services.
Financials
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2025 | $141M | $3M | $0.00 |
Source: Company filings
Chart & Info
Price Chart
CBL & Associates Properties, Inc. (CBL) stock price: $37.63 (+0.70, +1.90%)
Why Bull
- •CBL's insider activity shows some confidence, suggesting those in the know see potential upside.
- •The community sentiment, while mixed, has pockets of bullishness, particularly regarding CBL's restructuring efforts.
- •Market perception seems to be cautiously optimistic about CBL's ability to adapt to the changing retail landscape. Think of it like AMC's comeback play, but for malls.
- •There's a sense that the worst might be over, and CBL is now positioned for a potential turnaround, similar to how some viewed Sears' initial restructuring attempts.
Why Bear
- •Recent insider selling raises concerns about the company's future prospects.
- •Community sentiment is largely bearish, reflecting doubts about CBL's long-term viability in the face of e-commerce.
- •Market perception remains negative, with many viewing CBL as a struggling mall operator in a declining industry, similar to the sentiment surrounding brick-and-mortar retail during Amazon's rise.
- •The company's heavy debt load continues to weigh on its prospects, creating uncertainty about its ability to compete effectively, reminiscent of the challenges faced by heavily leveraged companies during the 2008 financial crisis.
Latest News
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CBL And Associates Properties (CBL) Valuation Check After Recent Share Price Weakness
Yahoo! Finance: CBL News · Feb 14, 2026
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CBL And Associates Properties (CBL) Valuation Check After Recent Share Price Weakness
Simply Wall St. · Feb 14, 2026
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CBL & Associates Properties Q4 Adjusted FFO, Revenue Rise; Issues 2026 Adjusted FFO Guidance
MT Newswires · Feb 13, 2026
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CBL & Associates Sees FY2026 FFO $6.74-$7.06 vs $5.99 Est
benzinga · Feb 13, 2026
Technical Analysis
Rationale
AI-generated technical analysis for CBL including trend direction, momentum, and pattern recognition.
What to Watch
Key support and resistance levels, volume signals, and upcoming events.
Risk Management
Position sizing, stop-loss levels, and risk-reward assessment.
Community
Discussion
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Sentiment
Community sentiment and discussion activity for CBL.
Make a Prediction
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Current price: $37.63
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for CBL.
Price Targets
Wall Street price target analysis for CBL.
Insider Flow (30d)
MoonshotScore
Score Factors
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Revenue Growth 5/100
Revenue growth data is currently unavailable for this company.
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Gross Margin 3/100
Gross margin of 7.6% is below average, suggesting thin margins and potential pricing pressure.
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Operating Leverage 4/100
Limited operating leverage due to slower revenue growth, keeping profit scaling constrained.
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Cash Runway 5/100
Cash position data is currently unavailable for this company.
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R&D Intensity 5/100
R&D spending data is currently unavailable for this company.
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Insider Activity 6/100
No significant insider buying or selling recently, which is neutral for the stock outlook.
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Short Interest 10/100
Daily turnover of 0.67% indicates healthy liquidity with smooth entry/exit for investors.
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Price Momentum 6/100
Mixed technical signals (above sma50, above sma200); price trend is inconclusive and may consolidate.
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News Sentiment 5/100
No sentiment data available
What does this score mean?
The MoonshotScore rates CBL's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Competitors & Peers
Latest News
CBL And Associates Properties (CBL) Valuation Check After Recent Share Price Weakness
CBL And Associates Properties (CBL) Valuation Check After Recent Share Price Weakness
CBL & Associates Properties Q4 Adjusted FFO, Revenue Rise; Issues 2026 Adjusted FFO Guidance
CBL & Associates Sees FY2026 FFO $6.74-$7.06 vs $5.99 Est
Frequently Asked Questions
What does CBL & Associates Properties, Inc. do?
CBL & Associates Properties, Inc. is a real estate investment trust (REIT) that owns and manages a diversified portfolio of retail properties across the United States. The company's portfolio includes enclosed malls, outlet centers, and open-air shopping centers. CBL focuses on acquiring, developing, and managing market-dominant properties in dynamic and growing communities. The company generates revenue primarily from leasing retail space to tenants and managing properties for third parties. CBL's strategy involves active management, aggressive leasing, and profitable reinvestment to enhance property value and attract tenants, aiming to create vibrant shopping and entertainment destinations for consumers.
Is CBL stock a good buy?
CBL stock presents a mixed investment profile. The company's high dividend yield of 6.86% and attractive P/E ratio of 8.95 may appeal to income-seeking investors. However, the company faces challenges from the evolving retail landscape and competition from online retailers. While CBL's active management and reinvestment strategy could drive long-term growth, potential investors should carefully consider the risks associated with the retail REIT sector and the company's high beta of 1.51, which indicates higher volatility compared to the market. A balanced analysis of CBL's financial performance, growth opportunities, and risk factors is essential before making an investment decision.
What are the main risks for CBL?
CBL faces several key risks, including the evolving retail landscape and increased competition from online retailers, which could negatively impact tenant occupancy and rental income. Economic downturns and reduced consumer spending could also adversely affect the company's financial performance. Rising interest rates and increased borrowing costs pose a threat to CBL's profitability and ability to finance future acquisitions and developments. Additionally, changes in consumer preferences and shopping habits could require CBL to adapt its properties and tenant mix to remain competitive. The company's dependence on tenant performance and occupancy rates also exposes it to potential financial risks.
Is CBL a good stock to buy?
Whether CBL is a good investment depends on your financial goals, risk tolerance, and investment horizon. Review the Investment Thesis, SWOT analysis, and Risk sections on this page. Always do your own research and consult a financial advisor before investing.
What is the CBL MoonshotScore?
MoonshotScore is our proprietary AI-powered rating system that evaluates stocks based on growth potential, financial health, market momentum, and risk factors. It helps investors quickly identify high-potential opportunities. Check the MoonshotScore badge on this page for the current rating.
How often is CBL data updated?
Stock prices are updated in real-time during market hours (9:30 AM - 4:00 PM ET). Company fundamentals, analyst ratings, and AI insights are refreshed daily. News is updated continuously throughout the day.
What are the growth catalysts for CBL?
Growth catalysts vary by company and may include new product launches, market expansion, earnings surprises, partnerships, or industry tailwinds. Check the Catalysts section on this page for specific drivers relevant to CBL & Associates Properties, Inc..
Who are CBL's main competitors?
CBL & Associates Properties, Inc.'s competitors depend on its industry and market segments. Check the Competitors section on this page for a list of direct competitors and how CBL compares.
What do analysts say about CBL?
Analyst ratings and price targets for CBL are aggregated from multiple sources. Check the Analyst Consensus tab for buy/hold/sell ratings and the current consensus price target.
What is CBL's market cap?
Market capitalization reflects the total market value of CBL's outstanding shares. Check the Key Statistics section at the top of this page for the current market cap and other key financial metrics.
How has CBL stock performed recently?
Check the Chart & Info tab for CBL's recent price action, including daily, weekly, and monthly performance charts with technical indicators.
What are the risks of investing in CBL?
Every stock carries risk. Check the Risks and Weaknesses sections on this page for CBL-specific risk factors. Consider macroeconomic conditions, industry trends, and company-specific challenges.
Are insiders buying or selling CBL?
Insider activity can signal management confidence. Check the Insider Flow tab for recent insider buys, sells, and exercise transactions for CBL.
Is CBL a good stock for beginners?
CBL & Associates Properties, Inc. (CBL) can be suitable for beginner investors depending on several factors. Look at the MoonshotScore on this page for an overall AI-powered assessment of growth potential and risk. Beginners should also check the company's market cap (larger companies tend to be less volatile), gross margin (higher margins mean stronger business fundamentals), and cash position (healthy cash reduces bankruptcy risk). Always start with a small position size and never invest money you cannot afford to lose.
How risky is CBL for first-time investors?
Every stock carries risk, including CBL & Associates Properties, Inc. (CBL). First-time investors should review the Risk Factors section on this page for company-specific risks. Key risk indicators include price volatility (check the chart for daily swings), insider selling activity (see Insider Flow tab), and cash runway (see MoonshotScore breakdown). A diversified portfolio with an index fund like the S&P 500 as a core holding is generally recommended before adding individual stocks like CBL.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Data provided for informational purposes only.
- The information provided is based on available data and may be subject to change.
- Investment decisions should be based on thorough research and consultation with a financial advisor.