CBL & Associates Properties (CBL) AI Stock Analysis

• Market Cap: $961.53M
• Dividend Yield: 5.12%
• Average Volume (3M): 178.97K
• Price to Earnings (P/E): 16.7
• Beta (1Y): 0.78
• Revenue Growth: -3.68%
• EPS Growth: 990.23%
• Country: US
• Employees: 469
• Sector: Real Estate
• Sector Strength: 72
• Industry: REITs
• EPS (TTM): 1.87
• Shares Outstanding: 30,749,271
• 10 Day Avg. Volume: 184,812
• 30 Day Avg. Volume: 178,969
• PEG Ratio: 0.02
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.84
• Price to Cash Flow (P/CF): 3.90
• P/FCF Ratio: 3.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

CBL & Associates Properties has a mixed outlook with strengths in cash flow and operational efficiency, but with concerns regarding revenue growth and a high P/E ratio. The stock's technical indicators suggest it might be overbought, warranting caution. While the dividend yield is attractive, investors should watch for potential corrections and improvements in revenue and equity financing.

CBL & Associates Properties Business Overview & Revenue Model

Company Description

CBL & Associates Properties, Inc. (CBL) is a publicly-traded real estate investment trust (REIT) that specializes in the ownership, development, and management of retail properties. The company primarily focuses on regional shopping malls, open-air centers, and properties located in suburban markets across the United States. CBL's portfolio includes a diverse mix of retail, dining, and entertainment venues, providing a comprehensive shopping and lifestyle experience.

How the Company Makes Money

CBL & Associates Properties makes money primarily through the leasing of retail space in its shopping centers and malls. The company generates revenue from rental income paid by tenants occupying space in its properties. This income includes base rent as well as additional charges for common area maintenance, real estate taxes, and insurance. CBL also earns from percentage rent, which is based on a percentage of a tenant's sales that exceed a specified threshold. Furthermore, CBL may receive revenue from specialty leasing, such as temporary kiosks and advertising within its properties. The company's earnings are influenced by factors such as occupancy rates, tenant sales performance, and lease renewals. CBL maintains partnerships with a variety of national and regional retailers, enhancing its property appeal and contributing to steady income streams.

CBL & Associates Properties Financial Statement Overview

Summary

CBL & Associates Properties shows a mix of strengths and weaknesses across its financial statements. The income statement indicates improving profitability and operational efficiency, though revenue growth is a concern. The balance sheet reflects a reduced leverage risk but highlights a low equity ratio. The cash flow statement is strong, showing efficient cash generation and liquidity.

Income Statement

The company shows a mixed income statement performance. The gross profit margin is solid at around 53.6% for TTM, indicating efficiency in generating profit over costs. The net profit margin is relatively low at 11.3% TTM, though it marks a significant recovery from previous losses, demonstrating improved profitability. Revenue growth is slightly negative, indicating a challenge in maintaining top-line growth. The EBIT and EBITDA margins are healthy at 48.1% and 38.4% TTM respectively, showing operational efficiency and strong earnings before interest and taxes.

Balance Sheet

The balance sheet reveals some concerns despite certain strengths. The debt-to-equity ratio has improved significantly due to zero reported total debt in TTM, indicating a strengthened capital structure and reduced leverage risk. The return on equity is moderate at 17.98% TTM, reflecting a reasonable return on invested capital. However, the equity ratio is relatively low at 6.12% TTM, suggesting a weak proportion of equity financing compared to assets.

Cash Flow

The cash flow statement presents a favorable outlook. The operating cash flow to net income ratio is strong, highlighting efficient cash generation relative to net income. Free cash flow has grown, and the free cash flow to net income ratio is robust, indicating the company's ability to generate cash beyond its earnings. These metrics point towards strong liquidity and financial health.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
515.56M	535.29M	563.01M	576.88M	575.86M
	Gross Profit
340.41M	348.15M	470.88M	180.35M	491.80M
	EBIT
273.16M	284.08M	71.66M	127.27M	110.69M
	EBITDA
-238.37M	283.86M	327.97M	339.35M	310.67M
	Net Income Common Stockholders
57.76M	6.55M	-99.52M	-622.17M	-335.53M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
283.94M	34.19M	337.14M	319.55M	294.85M
	Total Assets
528.25M	2.41B	2.68B	2.95B	4.44B
	Total Debt
0.00	1.97B	2.11B	2.36B	3.74B
	Net Debt
-40.79M	1.94B	2.07B	2.19B	3.68B
	Total Liabilities
2.43B	2.08B	2.31B	2.54B	3.91B
	Stockholders Equity
323.55M	339.32M	370.54M	396.20M	531.84M
Cash Flow		Free Cash Flow
62.03M	183.52M	204.00M	33.95M	132.10M
	Operating Cash Flow
62.03M	183.52M	208.23M	38.77M	133.37M
	Investing Cash Flow
32.98M	1.70M	-156.69M	87.33M	-280.40M
	Financing Cash Flow
-98.94M	-204.09M	-145.80M	-158.41M	209.70M

CBL & Associates Properties Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 31.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBL, the sentiment is Positive. The current price of 31.27 is above the 20-day moving average (MA) of 31.26, above the 50-day MA of 30.08, and above the 200-day MA of 26.36, indicating a bullish trend. The MACD of 0.40 indicates Positive momentum. The RSI at 54.52 is Neutral, neither overbought nor oversold. The STOCH value of 19.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CBL.

CBL & Associates Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BRX	78 Outperform	$8.55B	25.10	11.37%	3.95%	3.41%	10.54%
SPG	76 Outperform	$70.16B	24.66	<0.01%	4.31%	5.40%	8.57%
WSR	72 Outperform	$711.58M	19.51	5.03%	3.62%	4.22%	-44.56%
KIM	63 Neutral	$15.02B	40.01	3.86%	4.39%	14.51%	-45.53%
Sector *	61 Neutral	$4.91B	18.99	-3.12%	7.77%	6.71%	-19.69%
CBL	56 Neutral	$961.53M	16.72	17.85%	5.12%	-3.68%	990.23%
MAC	52 Neutral	$4.66B	―	-7.04%	3.77%	4.88%	-66.88%

CBL & Associates Properties Corporate Events

CBL & Associates Approves 2025 Executive Incentive Plans

On February 12, 2025, CBL & Associates Properties’ Compensation Committee approved the 2025 Annual Incentive Compensation Plan (AIP) and the Long Term Incentive Program (LTIP) for its named executive officers. The 2025 AIP aims to reward executives based on corporate and individual performance goals, with an emphasis on financial and operational achievements. Additionally, the LTIP includes performance stock units and restricted stock awards, designed to align executive incentives with long-term company performance. The plans reflect a strategic effort to enhance executive performance and align with market standards, potentially impacting the company’s operational and financial outcomes.