CBL & Associates Properties, Inc. (CBL) AI Stock Analysis

Headquartered in Chattanooga, Tennessee, CBL Properties is a real estate investment trust that owns and manages commercial properties across the United States. Its portfolio includes 106 properties totaling 65.7 million square feet across 25 states. The portfolio features 64 enclosed malls, outlet centers, and open-air retail complexes, along with 8 properties managed for third-party clients. CBL focuses on proactive leasing, property management, and strategic reinvestment initiatives to maintain market dominance and serve retail tenants and consumers in expanding communities.

Between FY2021 and FY2024, annual revenue moved from $576.9M to $515.6M before rising 12.2% in FY2025 to $578.4M, resulting in a 5-year revenue CAGR of 0.1%. Net income improved from -$622.2M in FY2021 and -$93.5M in FY2022 to $6.5M in FY2023, $59.0M in FY2024, and $136.0M in FY2025. Operating margin expanded from 8.3% in FY2022 to 24.2% in FY2025. For the trailing twelve months ended June 30, 2026, revenue was $588.1M with a profit margin of 37.0% and an operating margin of 30.5%. For the latest quarter ended June 30, 2026, quarterly revenue grew 4.0% year-over-year while quarterly earnings grew 1737.5%.

As of June 30, 2026, CBL held $302.4M in cash and short-term investments against total debt of $2.03B, resulting in net debt of $1.73B. Total assets stood at $2.64B compared to shareholders' equity of $427.4M, producing a debt-to-equity ratio of 4.76 and a current ratio of 2.47. In FY2025, both operating cash flow and free cash flow reached $249.7M. Capital allocation in FY2025 included $237.8M in capital expenditures, $77.1M in dividends paid, and $18.1M in share buybacks.

CBL trades at a trailing price-to-earnings ratio of 7.2x, below the median of 21.6x for its US-listed Real Estate peers. Its enterprise value to EBITDA multiple of 6.3x and price-to-sales ratio of 2.6x also sit below the peer group medians of 14.7x and 3.7x, respectively. The company carries an enterprise value of $3.37B and a market capitalization of $1.53B. Over the past year, CBL stock returned 79.2%, outperforming the S&P 500 (SPY) return of 16.8%.

CBL pays a quarterly dividend with an annualized forward payout of $2.50 per share, representing a dividend yield of 5.05%. The company has paid dividends for 5 consecutive years. Its payout ratio stands at 24.8%, and the last ex-dividend date listed is December 14, 2026.

Wall Street coverage consists of 2 Strong Buy ratings, with 0 Buy, 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $63.00, representing a 27.3% premium over the last close of $49.47. For the fiscal year ending December 31, 2026, analysts estimate EPS of $3.24 and revenue of $586.0M. CBL has beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 5, 2026.

This page is an AI-written research summary of CBL & Associates Properties, Inc. (CBL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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