CBL & Associates Properties, Inc.
$47.56
-1.9%Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 106 properties totaling 65.7 million square feet across 25 states, including 64 high quality enclosed, outlet and open-air retail centers and 8 properties managed for third parties. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties.
At a Glance
Live SnapshotIntrinsic Alpha Methodology
Thesis Lenses
Signal
High confidenceValuation multiple is compressed (P/E 10.8).
Valuation inputs: P/E 10.8, earnings yield +9.3%, momentum -1.9%.
If multiples stay elevated while momentum fades, downside repricing risk rises.
Driver
High confidenceReturn profile is strong (ROE +36.3%, ROIC +5.5%).
Profitability stack: net margin +23.5%, ROE +36.3%, ROIC +5.5%.
Quality deterioration often appears in margins before it shows up in headline EPS.
Risk
High confidenceRisk profile is balanced but has notable pressure points to monitor.
Risk factors: liabilities/assets +86.6%, momentum -1.9%, net margin +23.5%.
Higher leverage with weak momentum and thin margins can amplify drawdown severity.
CBL & Associates Properties, Inc. Market vs Earnings Trajectory
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CBL & Associates Properties, Inc. Fair Value Envelope
CBL & Associates Properties, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Thin margins leave little room for error. Cost management and pricing strategy are critical.
Operating Margin
Healthy operating margins demonstrate effective cost control and strong business fundamentals.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.
CBL & Associates Properties, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Cash Flow Quality Insight
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
CBL & Associates Properties, Inc. Funding & Solvency Profile
Financial Health Analysis
Working Capital
Strong working capital position provides significant operational flexibility and financial cushion.
Asset Composition
Balanced asset mix between current and non-current assets, typical of many stable businesses.
CBL & Associates Properties, Inc. Street Expectations Map
No Target Data
No analyst price targets available for cbl.
CBL & Associates Properties, Inc. Insider Positioning
During the last 12 months, insiders have purchased $80K and sold $49.79M worth of CBL shares, resulting in $49.71M of net selling activity.
3 Months
0
0.00
1.1M
49.42M
-49.4M
-$49.42M
3-6 Months
0
0.00
0
0.00
+0
+$0
6-9 Months
2.5K
79.75K
11.9K
362.75K
-283K
-$283K
9-12 Months
0
0.00
0
0.00
+0
+$0
Top Buyers
Torres Michael A
Director
$80K
Top Sellers
Canyon Capital Advisors Llc
Other: Member Of 10% Owner Group
$48.76M
Cobb Andrew Franklin
Officer: Exec Vp-Accounting
$567K
Jaenicke Benjamin W
Officer: Evp - Chief Financial Officer
$289K
Curry Jeffery V.
Officer: Chief Legal Officer & Sec.
$167K
Insider Activity Analysis
Net Insider Sentiment
Strong bearish signal with $49.71M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.
Buy/Sell Ratio
Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.
Recent Trend (3 Months)
Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.
Insider Participation
4 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.
Insider Activity Insight
Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.
cbl Dividend History
Learning Layer
Related Guides
Build conviction on CBL by pairing this stock hub with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.