CBL & Associates Properties, Inc.
CBL · Price history
Price at last available close
$49.63
−$3.73 (-6.99%) 1M
2026-10-28
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Company & revenue
About CBL & Associates Properties, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
CBL & Associates Properties, Inc. 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 88 properties totaling 55. 6 million square feet across 23 states, including 56 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 open-air centers and other assets.
How they make money
CBL Properties operates as a self-managed, fully integrated real estate investment trust (REIT) that generates revenue primarily through the ownership, leasing, management, and operation of regional shopping malls, outlet centers, lifestyle centers, and open-air centers. The company earns income through base rents, percentage rents based on tenant sales, and recoveries from tenants for common area maintenance, property taxes, and insurance costs.
Products & services
Ownership and management of regional shopping malls, outlet centers, lifestyle centers, and open-air retail centers, including leasing services and property management.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Retail tenantsSource
Customer concentration
The company's lease agreements typically require tenants to pay a portion of common area maintenance and other operating expenses, but no single tenant concentration is disclosed as a material risk in the 2025 10-K.
Suppliers, materials & equipment
- Service providers — Various third-party service providers for property maintenance and operational support; specific company names are unnamed.Source
Strengths
- National portfolio of market-dominant propertiesSource
Risks
- Cybersecurity incidents on systems or those of service providersSource
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
46
Weak
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
55
Fair
Financial Strength
55
Business Quality / Moat
84
Management
52
Growth Quality
29
Risk / Durability
32
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
63
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
60/100
Building Historical Record
Model Score 60/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Valuation scores attractively
- •Recent buyback activity is present
- •Elevated debt risk
- •Dividend-change headline · Aug 18, 2026
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for CBL
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can CBL maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is CBL's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is CBL's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is CBL's valuation discount tied to a temporary concern or to a longer-term business risk?
Essential Investment Snapshot
Wall Street Score
46
Opportunity Score
63
Market Cap
$1.54B
P/E Ratio
7.6
EPS
$7.04
52-Week High
$60.40
52-Week Low
$28.04
Beta
1.41
Intrinsic Value
$72.53
Shares Outstanding
30.8M
Total Revenue
$588.1M
Total Debt
$2.03B
Dividend Yield (TTM)
4.68%
Liquidation Value / Share
$13.69
Dividend / Share (TTM)
$2.33
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CBL
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
Dividend-change headline · Aug 18, 2026
CBL International Reports Strong 1H 2026 Results Highlighting Return to Profitability, Strong Volume Growth, Gross Profit More Than Doubled, and a Special Cash Dividend of $0.10 Per Share — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
GlobeNewsWireCommunity Sentiment
0 active · 0 total callsNo personal call yet on CBL.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +National portfolio of market-dominant properties.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Cash covers less than 20% of total debt.
- −Cybersecurity incidents on systems or those of service providers.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
44
Sep 14, 2026
Change
+1.2
points
Current Score
46
Oct 1, 2026
Category Changes
CBL increased 1.2 points because Capital improved by 2 points, Valuation improved by 3.8 points.
Positive Contributors
- + Capital improved by 2 points
- + Valuation improved by 3.8 points
Projected Score
Projected Score
54
Projected Change
+8.2 points
Preliminary comparable-period financial changes suggest improvement of approximately 8.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$49.63
Model Intrinsic Value
$72.53
Difference
−$22.90
-31.6% vs IV
Margin of Safety
31.6%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $588.1M | $578.4M | $515.6M | $535.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $441.6M | $534.7M | $456.3M | $568.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $146.5M | $43.7M | $59.2M | -$32.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $14.8M | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | -$51.5M | -$96.1M | -$73.1M | -$126.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $577.8M | $476.4M | $353.8M | $367.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $198.0M | $139.8M | $132.3M | $93.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $170.4M | $176.0M | $154.5M | $172.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $214.4M | $135.0M | $58.2M | $4.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$1.3M | $475K | $1.1M | $894K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $216.4M | $136.0M | $59.0M | $6.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $7.04 | $4.41 | $1.87 | $0.17 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 30.22M | 30.34M | 30.91M | 31.30M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 30.94M | 30.84M | 30.96M | 31.30M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$146.5M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$1.47
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-4.9%
Cash Change
+1.0%
Margin Change
+29.1 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
- Debt reduced
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 4.0%. EPS increased 1660.5%. Cash increased 1.0%. Total debt declined 4.9%. Net income margin improved by 29.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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CBL Gains More than 77% in a Year: What's Driving the Stock?
CBL & Associates CEO Lebovitz Sells 50,000 Shares for $2.6 Million
CBL & Associates Properties: This Cheap 4.6% Mall REIT Still Has Room To Run
Rumor Mill · CBL
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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