Professional
Added to YB: 2025-01-27
Pitch date: 2025-01-24
CBL [bullish]
CBL & Associates Properties, Inc.
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
Company Info
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.
Market Cap
$868.7M
Pitch Price
N/A
Price Target
45.00 (+59%)
Dividend
5.66%
Sector
Retail REITs
Category
value
Alluvial Capital Management New Position: CBL & Associates Properties, Inc.
CBL: Mall operator post-bankruptcy. 87 properties, $9/share cash, unencumbered properties worth $15/share. $40-45 value vs $28 price. Low downside risk. Steady NOI, rising occupancy. Challenges remain but cash flow, debt reduction, reinvestment, and capital return driving value. $24/share floor before encumbered properties.
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