Professional
Added to YB: 2025-04-11
Pitch date: 2025-04-08
CBL [neutral]
CBL & Associates Properties, Inc.
+180.96%
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
$1.8B
Pitch Price
$20.35
Price Target
N/A
Dividend
4.72%
EV/EBITDA
9.15
P/E
8.18
EV/Sales
6.26
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)