Added to YB: 2024-11-25
Pitch date: 2024-11-23
CBL [bullish]
CBL & Associates Properties, Inc.
+87.16%
current return
Author Info
Cluseau Research seeks to exploit these two edges by identifying special situations that provide a compelling risk-to-reward that are “off limits” to traditional Institutional Investors. Sign up for the newsletter.
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
$26.10
Price Target
N/A
Dividend
5.50%
EV/EBITDA
8.54
P/E
7.03
EV/Sales
5.84
Sector
Retail REITs
Category
value
Institutional Interest Sparks Hope for CBL Amid Extreme Bearishness
CBL: Heavily shorted (16% of float) mall REIT at 4x P/FFO, cheaper than troubled MPW. $83M returned to shareholders in 2023 via dividends & buybacks. Non-top-tier properties but valuation extreme vs peers at 16-18x. Short squeeze potential with 10-day cover ratio. Jones Trading block trades suggest institutional interest.
Read full article (2 min)