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CBLCBL & Associates Properties, Inc.
$47.32$1.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CBL logo

CBL & Associates Properties, Inc.

CBL
NYSE · Retail REITs
$47.32
At close - Nov 6, 4:00 PM EST - USD
Market Cap$1.46B
P/E9.6x
52W High$60.40
Volume236.57K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Volatile FFO and Negative Equity Raise Red Flags

CBL's fundamentals are clouded by extreme quarterly volatility in NOI margins and FFO per share, with 2026Q2 NOI margin at 65.4% versus 8.9% a year earlier, and FFO per share swinging from $3.68 in 2025Q3 to $0.29 in 2026Q2.

GrowthMixed
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

CBL price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-55% Peers

P/E is 55% below peer median

03

Market leadership

RS 61 · Avg

Average momentum (RS Rating: 61)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 5

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CBL+33.21%
S&P 500 (^GSPC)+7.63%
1-Year Return
CBL+57.85%
S&P 500 (^GSPC)+9.69%
3-Year Return
CBL+152.43%
S&P 500 (^GSPC)+66.57%
5-Year Return
CBL+81.36%
S&P 500 (^GSPC)+55.10%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
9.6x
Forward P/E
14.6x
EV/EBITDA40th %ile
9.8x
FCF YieldCash Flow
20.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
9.6x
15.7x
33rd· Fair
EV/EBITDA
9.8x
10.2x
40th· Fair
Price/FCF
4.8x
4.5x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$72.67+53.6%
Base (Fair)$96.48+103.9%
Bull$122.41+158.7%
$72.67 Bear$96.48 Base$122.41 Bull
Current Market Price: $47.32
Trades at a 51.0% discount to Base DCF ($96.48)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$578M+12.2% YoY
Net income FY25
$136M+130.6% YoY
Free cash flow FY25
$250M+23.5% YoY
Operating margin FY25
24.2%-1.5 pts YoY
ROIC (FY25)4.2%
Avg ROIC 5Y3.1%
ROE (TTM)38.4%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (83%)
Revenue Beat Rate6/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
$0.37
vs —
$144M-1.9%
vs $147M
Q3 2026
Aug 6, 2026
$1.47
vs —
$142M-3.0%
vs $146M
Q2 2026
May 8, 2026
$1.48
vs —
$146M+0.0%
vs $146M
Q1 2026
Feb 13, 2026
$1.56+358.8%
vs $0.34
$150M+7.4%
vs $140M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·2d ago
CBL Properties Reports Third Quarter 2026 Results and Raises Full-Year Guidance

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) today announced results for the third quarter ended September 30, 2026. Results of operations as reported in the consolidated financial statements for these periods are prepared in accordance with GAAP. A description of each supplemental non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located at the end of this news release.     Three Months Ended September 30,     Nine Months E.

Business Wire·3d ago
CBL Properties Authorizes $25.0 Million Stock Repurchase Plan

CHATTANOOGA, Tenn.--(BUSINESS WIRE)---- $CBL--CBL Properties (NYSE:CBL) today announced that its Board of Directors authorized a new stock repurchase program for the Company to buy up to $25.0 million of its common stock. “We believe our shares are undervalued relative to the quality of our portfolio and the cash flow it produces, making this new $25.0 million repurchase program an attractive capital allocation opportunity,” said Stephen D. Lebovitz, CBL's Chief Executive Officer. “Our focus remains on.

GuruFocus·Oct 20, 2026
CBL Properties Announces Date for Third Quarter 2026 Earnings Release

CBL Properties (NYSE: CBL) today announced that it will release its financial results for the third quarter ended September 30, 2026, after the market closes on

Seeking Alpha·Oct 18, 2026
AI Reality Check, Inflation Stress Test

U.S. equities stumbled as AI-bubble concerns overwhelmed otherwise resilient fundamentals, while September inflation ran hot but remained heavily energy-driven, complicating the Fed's path without clearly forcing an October hike. Treasuries rallied sharply despite hotter CPI and PPI, with the 2-Year reversing from 4.95% to 4.71% as dovish Fed signals and risk-off flows pushed October hike odds. Oil reemerged as the key macro pressure point, with WTI surging above $100 as Saudi and Hormuz risks intensified, threatening to reverse recent relief in gasoline and diesel prices.

Filtered for CBL & Associates Properties, Inc.More Headlines
04

Compare before deciding

Benchmark CBL against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for CBL & Associates Properties, Inc. (CBL)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CBL logoCBLCBL & Associates Properties, Inc.Current
$47.32$1.46B9.6012.18%25.56%38.38%5.28%
MAC logoMACThe Macerich Company
$24.84$7.39B-71.3410.58%-9.74%-3.68%2.95%
SKT logoSKTTanger Inc.
$38.70$4.45B34.1210.55%21.02%18.47%2.98%
SPG logoSPGSimon Property Group, Inc.
$228.42$74.07B16.376.72%63.09%75.99%0.59%
KIM logoKIMKimco Realty Corporation
$25.52$17.21B22.825.06%34.06%7.16%4.15%
REG logoREGRegency Centers Corporation
$74.84$13.67B26.543.39%31.3%7.68%3.75%

Compare CBL vs Peers

CBL & Associates Properties, Inc. (CBL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MAC

Most directly comparable listed peer for CBL.

Scale Benchmark

vs SPG

Larger-name benchmark to compare CBL against a more recognizable public peer.

Peer Set

Compare Top 5

vs MAC, SKT, SPG, KIM

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CBL SEC Filings & Documents

CBL & Associates Properties, Inc. (CBL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 7, 2026·SEC

Material company update

May 26, 2026·SEC

Material company update

May 8, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 3, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 7, 2026·SEC

FY 2026

May 8, 2026·SEC

FY 2025

Nov 7, 2025·SEC

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CBL Frequently Asked Questions

CBL & Associates Properties, Inc. (CBL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is CBL & Associates Properties, Inc.'s revenue?

CBL & Associates Properties, Inc. (CBL) reported $597.6M in revenue over the trailing twelve months. Revenue was $578.4M in fiscal year 2025. That is 26% less than the $781.4M of fiscal year 2004.

How fast is CBL & Associates Properties, Inc. growing?

CBL & Associates Properties, Inc. (CBL) grew revenue by 7.9% over the trailing twelve months, compared with the twelve months before.

Is CBL profitable?

Yes. CBL & Associates Properties, Inc. (CBL) earned $152.8M in net income over the trailing twelve months (a 25.6% net margin).

Dividend & Returns
Does CBL pay dividends?

Yes. CBL & Associates Properties, Inc. (CBL) pays a dividend that yields 5.28% at the current price, a high yield.

What is CBL's return on equity?

CBL & Associates Properties, Inc. (CBL) had a return on equity (ROE) of 38.4% over the trailing twelve months. That is well above the market's typical 10-15%.

Industry Metrics
What is CBL & Associates Properties, Inc.'s FFO?

CBL & Associates Properties, Inc. (CBL) generated Funds From Operations (FFO) of $306.3M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is CBL a good dividend stock?

CBL & Associates Properties, Inc. (CBL) offers a 5.28% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in CBL back in 2004?

Total return calculator · dividends reinvested · 22+ years of data

See returns →