Professional
Added to YB: 2025-04-11
Pitch date: 2025-04-08
CBL [neutral]
CBL & Associates Properties, Inc.
+137.97%
current return
Author Info
No bio for this author
Company Info
CBL & Associates Properties, Inc. is headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.
Market Cap
$1.5B
Pitch Price
$20.11
Price Target
N/A
Dividend
5.50%
EV/EBITDA
8.54
P/E
7.03
EV/Sales
5.84
Sector
Retail REITs
Category
value
The Roller Coaster - CBL & Associates Properties, Inc.
CBL (quick pitch): Mall owner post-bankruptcy, focusing on debt reduction, non-core asset sales, and shareholder returns. Stock down on consumer spending/leverage fears. Trading at cash + unencumbered property value ($9/share cash, $14/share from $66M 2024 NOI at 15% yield), ignoring JV and term loan-encumbered property value.
Read full article (1 min)