CBL & Associates Properties（CBL）株式概要CBL＆アソシエイツ・プロパティーズ社は、ダイナミックで成長著しい地域社会に位置する、市場優位性のある物件の全国ポートフォリオを所有・管理している。 詳細CBL ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績4/6財務の健全性1/6配当金4/6報酬株価収益率（ 8.5 x） US市場（ 18.6 x）を下回っています。過去1年間で収益は158.5%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析今後3年間の収益は年平均86.9%減少すると予測されている。 利払いは収益で十分にカバーされない 財務結果に影響を与える大きな一時的項目 過去3か月間に大規模なインサイダー売却が発生 すべてのリスクチェックを見るCBL Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$47.2365.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-636m1b2016201920222025202620282031Revenue US$559.9mEarnings US$164.4mAdvancedSet Fair ValueView all narrativesCBL & Associates Properties, Inc. 競合他社Alexander'sSymbol: NYSE:ALXMarket cap: US$1.3bSaul CentersSymbol: NYSE:BFSMarket cap: US$1.2bWhitestone REITSymbol: NYSE:WSRMarket cap: US$987.5mGetty RealtySymbol: NYSE:GTYMarket cap: US$2.0b価格と性能株価の高値、安値、推移の概要CBL & Associates Properties過去の株価現在の株価US$47.2352週高値US$48.6452週安値US$24.03ベータ1.461ヶ月の変化5.66%3ヶ月変化23.57%1年変化94.12%3年間の変化106.42%5年間の変化n/aIPOからの変化57.43%最新ニュースRecent Insider Transactions • May 19Executive Vice President of Accounting recently sold US$371k worth of stockOn the 14th of May, Andrew Cobb sold around 8k shares on-market at roughly US$45.80 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$824k more than they bought in the last 12 months.ライブニュース • May 17CBL Properties Increases Dividend and Projects Higher Cash Flow With New Debt Structure and Mall AcquisitionCBL Properties reported Q1 2026 same-center NOI growth of 2.1% and adjusted FFO per share growth of 15%. The company refinanced its $634 million secured term loan with a $425 million fixed-rate mall loan due 2031 and a $176.1 million variable-rate lifestyle centers loan due 2032, which it expects to add about $30 million in annual free cash flow. CBL acquired Gateway Mall in Lincoln, Nebraska for about $43.8 million and the Board approved a 39% increase in the regular quarterly dividend to $0.625 per share, payable on June 30, 2026. The combination of higher FFO guidance, refinancing that is expected to free up cash, and an increased dividend indicates management’s current confidence in the company’s cash generation and balance sheet position. You may want to monitor how the Gateway Mall acquisition and the new debt structure affect occupancy, NOI and FFO over the next few quarters, as well as the sustainability of the higher dividend level.Recent Insider Transactions Derivative • May 17Executive Vice President of Accounting notifies of intention to sell stockAndrew Cobb intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of May. If the sale is conducted around the recent share price of US$46.57, it would amount to US$380k. Since December 2025, Andrew's direct individual holding has increased from 37.08k shares to 67.77k. Company insiders have collectively sold US$453k more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • May 11First quarter 2026 earnings released: FFO per share: US$2.8 (vs US$1.14 in 1Q 2025)First quarter 2026 results: FFO per share: US$2.8 (up from US$1.14 in 1Q 2025). Revenue: US$146.0m (up 3.0% from 1Q 2025). Funds from operations (FFO): US$85.2m (up 145% from 1Q 2025). FFO margin: 58% (up from 25% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Declared Dividend • May 11Dividend of US$0.63 announcedShareholders will receive a dividend of US$0.63. Ex-date: 12th June 2026 Payment date: 30th June 2026 Dividend yield will be 4.5%, which is lower than the industry average of 5.2%.お知らせ • May 09CBL & Associates Properties, Inc. announces Quarterly dividend, payable on June 30, 2026CBL & Associates Properties, Inc. announced Quarterly dividend of USD 0.6250 per share payable on June 30, 2026, ex-date on June 12, 2026 and record date on June 12, 2026.最新情報をもっと見るRecent updatesRecent Insider Transactions • May 19Executive Vice President of Accounting recently sold US$371k worth of stockOn the 14th of May, Andrew Cobb sold around 8k shares on-market at roughly US$45.80 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$824k more than they bought in the last 12 months.ライブニュース • May 17CBL Properties Increases Dividend and Projects Higher Cash Flow With New Debt Structure and Mall AcquisitionCBL Properties reported Q1 2026 same-center NOI growth of 2.1% and adjusted FFO per share growth of 15%. The company refinanced its $634 million secured term loan with a $425 million fixed-rate mall loan due 2031 and a $176.1 million variable-rate lifestyle centers loan due 2032, which it expects to add about $30 million in annual free cash flow. CBL acquired Gateway Mall in Lincoln, Nebraska for about $43.8 million and the Board approved a 39% increase in the regular quarterly dividend to $0.625 per share, payable on June 30, 2026. The combination of higher FFO guidance, refinancing that is expected to free up cash, and an increased dividend indicates management’s current confidence in the company’s cash generation and balance sheet position. You may want to monitor how the Gateway Mall acquisition and the new debt structure affect occupancy, NOI and FFO over the next few quarters, as well as the sustainability of the higher dividend level.Recent Insider Transactions Derivative • May 17Executive Vice President of Accounting notifies of intention to sell stockAndrew Cobb intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of May. If the sale is conducted around the recent share price of US$46.57, it would amount to US$380k. Since December 2025, Andrew's direct individual holding has increased from 37.08k shares to 67.77k. Company insiders have collectively sold US$453k more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • May 11First quarter 2026 earnings released: FFO per share: US$2.8 (vs US$1.14 in 1Q 2025)First quarter 2026 results: FFO per share: US$2.8 (up from US$1.14 in 1Q 2025). Revenue: US$146.0m (up 3.0% from 1Q 2025). Funds from operations (FFO): US$85.2m (up 145% from 1Q 2025). FFO margin: 58% (up from 25% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Declared Dividend • May 11Dividend of US$0.63 announcedShareholders will receive a dividend of US$0.63. Ex-date: 12th June 2026 Payment date: 30th June 2026 Dividend yield will be 4.5%, which is lower than the industry average of 5.2%.お知らせ • May 09CBL & Associates Properties, Inc. announces Quarterly dividend, payable on June 30, 2026CBL & Associates Properties, Inc. announced Quarterly dividend of USD 0.6250 per share payable on June 30, 2026, ex-date on June 12, 2026 and record date on June 12, 2026.お知らせ • Apr 23CBL & Associates Properties, Inc., Annual General Meeting, May 21, 2026CBL & Associates Properties, Inc., Annual General Meeting, May 21, 2026.Seeking Alpha • Apr 10CBL & Associates Properties: Dividend Hike Offsets AFFO Guidance DisappointmentSummary CBL & Associates Properties stock has recovered from early 2026 weakness and is again outperforming U.S. REIT peers. This comes as CBL hiked its annual regular dividend to $2.50/share, potentially reflecting confidence in operating performance and the REIT's capital structure. While AFFO increased by 7.8% in 2025, the company signals a slump of around 4% in 2026, impacted by higher stock-based compensation and elevated fixed-rate funding costs. CBL will allocate less capital to debt amortization, a benefit of recent refinancing efforts. Even so, I expect debt paydowns of about $50-60 million per year to continue. Despite no near-term catalysts and risks stemming from U.S. economic uncertainty, I confirm my previous Buy rating on CBL for investors with a 2027-2028 horizon. Read the full article on Seeking AlphaUpcoming Dividend • Apr 04Upcoming dividend of US$0.17 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 17 April 2026. Trailing yield: 4.5%. Within top quartile of American dividend payers (4.4%). In line with average of industry peers (4.7%).お知らせ • Apr 02Cbl & Associates Properties, Inc. Approves Special Cash Dividend for First Quarter of 2026, Payable on April 17, 2026CBL & Associates Properties, Inc. announced that its Board of Directors has approved a special cash dividend of $0.175 per common share for the first quarter of 2026. The special dividend is in addition to the previously declared $0.45 per share dividend announced on February 11, 2026, resulting in a total first-quarter dividend of $0.625 per share, a 39% increase. The special dividend will be paid on April 17, 2026, to shareholders of record as of April 10, 2026. The special dividend represents an increase in the Company’s dividend for the first quarter and is expected to be incorporated into the ongoing regular quarterly dividend beginning in the second quarter, subject to Board approval. The new quarterly dividend equates to an annualized rate of $2.50 per common share.Upcoming Dividend • Mar 10Upcoming dividend of US$0.45 per shareEligible shareholders must have bought the stock before 17 March 2026. Payment date: 31 March 2026. Trailing yield: 4.7%. Within top quartile of American dividend payers (4.3%). In line with average of industry peers (4.5%).Reported Earnings • Feb 15Full year 2025 earnings released: FFO per share: US$6.9 (vs US$6.41 in FY 2024)Full year 2025 results: FFO per share: US$6.9 (up from US$6.41 in FY 2024). Revenue: US$578.4m (up 12% from FY 2024). Funds from operations (FFO): US$209.0m (up 5.4% from FY 2024). FFO margin: 36% (down from 38% in FY 2024). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 13CBL Properties Provides Earnings Guidance for 2026CBL Properties provided earnings guidance for 2026. For the period, the company expects Net Income to be in the range of $23.6 millions to $33.6 millions. Diluted earnings per common share is expected to be in the range of $0.60 to $0.92.お知らせ • Feb 12CBL Properties Declares Dividend for the First Quarter Ending March 31, 2026, Payable on March 31, 2026CBL Properties announced that its Board of Directors has declared a regular cash dividend of $0.45 per common share for the quarter ending March 31, 2026. The dividend is payable on March 31, 2026, to shareholders of record as of March 17, 2026.Recent Insider Transactions • Dec 05Chief Legal Officer & Secretary recently sold US$167k worth of stockOn the 2nd of December, Jeffery Curry sold around 5k shares on-market at roughly US$33.33 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$209k. Insiders have been net sellers, collectively disposing of US$862k more than they bought in the last 12 months.New Risk • Dec 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 66% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings are forecast to decline by an average of 66% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$258k sold).Recent Insider Transactions • Nov 20Independent Director recently bought US$127k worth of stockOn the 17th of November, Michael Torres bought around 4k shares on-market at roughly US$31.84 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$695k more in shares than they bought in the last 12 months.Declared Dividend • Nov 09Third quarter dividend of US$0.45 announcedShareholders will receive a dividend of US$0.45. Ex-date: 25th November 2025 Payment date: 11th December 2025 Dividend yield will be 7.6%, which is higher than the industry average of 5.2%.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: US$2.52 (vs US$0.52 in 3Q 2024)Third quarter 2025 results: EPS: US$2.52 (up from US$0.52 in 3Q 2024). Revenue: US$139.3m (up 11% from 3Q 2024). Net income: US$76.6m (up 383% from 3Q 2024). Profit margin: 55% (up from 13% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 143% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 07CBL Properties Provides Earnings Guidance for 2025CBL Properties provided earnings guidance for 2025. For the period, the company expects Net Income to be in the range of $101.4 millions to $112.4 millions. Diluted earnings per common share is expected to be in the range of $3.21 to $3.57.お知らせ • Nov 06CBL & Associates Properties, Inc. Declares Regular Cash Dividend for the Quarter Ending December 31, 2025, Payable on December 11, 2025CBL & Associates Properties, Inc. announced that its Board of Directors has declared a regular cash dividend of $0.45 per common share for the quarter ending December 31, 2025. The dividend is payable on December 11, 2025, to shareholders of record as of November 25, 2025.Recent Insider Transactions • Oct 15Executive Vice President of Accounting recently sold US$209k worth of stockOn the 10th of October, Andrew Cobb sold around 7k shares on-market at roughly US$28.39 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$823k more than they bought in the last 12 months.Recent Insider Transactions Derivative • Oct 10Executive Vice President of Accounting notifies of intention to sell stockAndrew Cobb intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of October. If the sale is conducted around the recent share price of US$29.16, it would amount to US$215k. Since December 2024, Andrew's direct individual holding has increased from 44.05k shares to 46.91k. Company insiders have collectively bought US$1.4m more than they sold, via options and on-market transactions, in the last 12 months.Recent Insider Transactions Derivative • Sep 23Chief Legal Officer & Secretary notifies of intention to sell stockJeffery Curry intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of September. If the sale is conducted around the recent share price of US$30.35, it would amount to US$152k. Since December 2024, Jeffery's direct individual holding has increased from 85.36k shares to 102.60k. Company insiders have collectively bought US$1.4m more than they sold, via options and on-market transactions, in the last 12 months.Upcoming Dividend • Sep 08Upcoming dividend of US$0.45 per shareEligible shareholders must have bought the stock before 15 September 2025. Payment date: 30 September 2025. Trailing yield: 5.6%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.8%).Board Change • Sep 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Michael Torres was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Aug 29Executive VP recently sold US$155k worth of stockOn the 27th of August, Benjamin Jaenicke sold around 5k shares on-market at roughly US$31.00 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Benjamin has been a net seller over the last 12 months, reducing personal holdings by US$251k.Recent Insider Transactions Derivative • Aug 28Executive VP notifies of intention to sell stockBenjamin Jaenicke intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of August. If the sale is conducted around the recent share price of US$31.15, it would amount to US$156k. Since September 2024, Benjamin's direct individual holding has increased from 49.42k shares to 59.60k. Company insiders have collectively bought US$1.5m more than they sold, via options and on-market transactions, in the last 12 months.Declared Dividend • Aug 07Second quarter dividend of US$0.45 announcedShareholders will receive a dividend of US$0.45. Ex-date: 15th September 2025 Payment date: 30th September 2025 Dividend yield will be 8.7%, which is higher than the industry average of 5.2%.お知らせ • Aug 07CBL & Associates Properties, Inc. Provides Earnings Guidance for the Full Year of 2025CBL & Associates Properties, Inc. provided earnings guidance for the full year of 2025. For the year, the company expects net income to be between $14.7 million to $25.7 million. Diluted earnings per common share to be between $0.49 to $0.85.Reported Earnings • Aug 06Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.084 (down from US$0.14 in 2Q 2024). Revenue: US$140.9m (up 8.7% from 2Q 2024). Net income: US$2.57m (down 43% from 2Q 2024). Profit margin: 1.8% (down from 3.5% in 2Q 2024). Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 50%. Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Aug 05CBL Properties Declares Quarterly Cash Dividend, Payable on September 30, 2025CBL Properties announced that its Board of Directors has declared a cash dividend of $0.45 per common share for the quarter ending September 30, 2025, a 12.5% increase from the previous quarterly dividend rate. The dividend, which equates to an annual dividend payment of $1.80 per common share, is payable on September 30, 2025, to shareholders of record as of September 15, 2025.Upcoming Dividend • Jun 06Upcoming dividend of US$0.40 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 30 June 2025. Trailing yield: 6.4%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.1%).Reported Earnings • May 05First quarter 2025 earnings released: EPS: US$0.27 (vs US$0.007 loss in 1Q 2024)First quarter 2025 results: EPS: US$0.27 (up from US$0.007 loss in 1Q 2024). Revenue: US$141.8m (up 9.8% from 1Q 2024). Net income: US$8.21m (up US$8.42m from 1Q 2024). Profit margin: 5.8% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Declared Dividend • May 05Fourth quarter dividend of US$0.40 announcedShareholders will receive a dividend of US$0.40. Ex-date: 13th June 2025 Payment date: 30th June 2025 Dividend yield will be 9.8%, which is higher than the industry average of 5.2%.お知らせ • May 02+ 1 more updateCBL & Associates Properties, Inc. (NYSE:CBL) announces an Equity Buyback for $25 million worth of its shares.CBL & Associates Properties, Inc. (NYSE:CBL) announces a share repurchase program. Under the program, the company will repurchase up to $25 million worth of its shares. The program will expire on May 1, 2026.お知らせ • Apr 24CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2025CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2025.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$22.42, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 29x in the Retail REITs industry in the US. Total loss to shareholders of 7.9% over the past three years.Recent Insider Transactions • Mar 12Key Executive recently sold US$152k worth of stockOn the 7th of March, David Contis sold around 5k shares on-market at roughly US$29.12 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$196k. David has been a net seller over the last 12 months, reducing personal holdings by US$274k.Recent Insider Transactions Derivative • Mar 09Key Executive notifies of intention to sell stockDavid Contis intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of March. If the sale is conducted around the recent share price of US$30.03, it would amount to US$157k. Since June 2024, David's direct individual holding has increased from 65.02k shares to 69.04k. Company insiders have collectively sold US$871k more than they bought, via options and on-market transactions in the last 12 months.Upcoming Dividend • Mar 06Upcoming dividend of US$1.20 per shareEligible shareholders must have bought the stock before 13 March 2025. Payment date: 31 March 2025. Trailing yield: 5.5%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (4.7%).お知らせ • Feb 25CBL Properties Announces Promotion of Karen Walker to Senior Vice President – Technology SolutionsCBL Properties announced several promotions including one promotion to Senior Vice President and five new Vice Presidents. Karen Walker was promoted to Senior Vice President – Technology Solutions. Karen joined the CBL team in 2014 and throughout her tenure has assumed increasing responsibilities, including roles as a programmer, business and supply chain analyst, and business intelligence. In 2021, she was promoted to Vice President – Technology Solutions and is responsible for overseeing CBL’s technology solutions department. Karen’s leadership, creativity, and solutions-oriented mindset has been integral in enhancing CBL’s technological capabilities to better meet the needs of the company. Karen holds a B.A. in Computer Science from Indiana University.お知らせ • Feb 17CBL & Associates Properties, Inc. (NYSE:CBL) acquired Imperial Valley Mall, L.P. for $38.1 million.CBL & Associates Properties, Inc. (NYSE:CBL) acquired Imperial Valley Mall, L.P. for $38.1 million on February 17, 2025. CBL & Associates Properties, Inc. (NYSE:CBL) completed the acquisition of Imperial Valley Mall, L.P. for $38.1 million on February 17, 2025.Declared Dividend • Feb 16Third quarter dividend of US$1.20 announcedShareholders will receive a dividend of US$1.20. Ex-date: 13th March 2025 Payment date: 31st March 2025 Dividend yield will be 7.3%, which is higher than the industry average of 5.2%.お知らせ • Feb 15CBL & Associates Properties, Inc. Provides Earnings Guidance for the Full Year of 2025CBL & Associates Properties, Inc. provided earnings guidance for the full year of 2025. For the period, the company expects diluted earnings per common share to be $1.07 to $1.43.Reported Earnings • Feb 14Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.87 (up from US$0.17 in FY 2023). Revenue: US$515.6m (down 3.7% from FY 2023). Net income: US$57.8m (up US$52.3m from FY 2023). Profit margin: 11% (up from 1.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 76%. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 13+ 1 more updateCBL & Associates Properties, Inc. Declares First Quarter Special Cash Common Stock Dividend, Payable on March 31, 2025CBL & Associates Properties, Inc.’s Board of Directors has declared a special cash dividend of $0.80 per common share. The special dividend is payable on March 31, 2025, to shareholders of record as of March 13, 2025.Seeking Alpha • Feb 09CBL & Associates Properties: AFFO May Reach $7.20/Share In 2025Summary CBL & Associates Properties is a retail REIT focused on Malls and Open air/Power centers. I expect Q4 2024 AFFO of $1.90/share, driven by lower occupancy and benefits from Fed rate cuts. AFFO in 2025 should benefit from the full-year effect of Fed rate cuts, deleveraging efforts, and potential additional buybacks. CBL remains a Buy thanks to its very low AFFO multiple and substantial discount to management's NAV estimates. High leverage and the impact tariffs may have on retailer margins are key risks to consider. Read the full article on Seeking Alphaお知らせ • Feb 01An undisclosed buyer acquired Monroeville Mall from CBL & Associates Properties, Inc. (NYSE:CBL) for $34 million.An undisclosed buyer acquired Monroeville Mall from CBL & Associates Properties, Inc. (NYSE:CBL) for $34 million on January 31, 2025. Approximately $7.1 million of the net proceeds was used to reduce the outparcel and open-air center loan to $333 million, enabling the release of a collateral parcel. An undisclosed buyer completed the acquisition of Monroeville Mall from CBL & Associates Properties, Inc. (NYSE:CBL) for $34 million on January 31, 2025.Seeking Alpha • Jan 31CBL & Associates Properties: Our 'Long-Term Commercial Property Recovery' ThemeSummary CBL & Associates Properties, Inc. is a promising investment in the "long-term commercial property recovery" theme, with a focus on fundamentally sound real estate. CBL has successfully reduced leverage, invested in top properties, and returned capital to shareholders post-bankruptcy, owning a diverse portfolio of 87 properties. At $28 per share, CBL trades at a significant discount to its fair value of $40-45, with low downside risk and substantial cash reserves. Strong cash flow, ongoing debt reduction, strategic reinvestment, and share repurchases position CBL for potential growth despite challenges in the mall business. Read the full article on Seeking AlphaRecent Insider Transactions • Jan 15Executive Vice President of Accounting recently sold US$196k worth of stockOn the 10th of January, Andrew Cobb sold around 7k shares on-market at roughly US$28.84 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.4m more than they bought in the last 12 months.Upcoming Dividend • Nov 18Upcoming dividend of US$0.40 per shareEligible shareholders must have bought the stock before 25 November 2024. Payment date: 11 December 2024. Trailing yield: 5.9%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (4.6%).Seeking Alpha • Nov 13CBL & Associates Properties Vs. SITE Centers: Which Is The Better REIT For 2025Summary CBL & Associates Properties and SITE Centers are REITs focused on retail real estate, with reported occupancy rates indicating poor competitive dynamics. CBL funds a greater proportion of its capital structure with debt, but both companies have significant floating rate debt exposure. CBL is more attractively valued on an enterprise-level and AFFO multiple basis, but also reports higher administrative expenses. SITC's low gearing may hurt returns if the US economy continues to do well and operational performance improves. Key risks to consider include declining occupancy, tighter than expected Fed policy, and tenant sales growth running below inflation at CBL. Read the full article on Seeking AlphaReported Earnings • Nov 12Third quarter 2024 earnings released: EPS: US$0.52 (vs US$0.41 in 3Q 2023)Third quarter 2024 results: EPS: US$0.52 (up from US$0.41 in 3Q 2023). Revenue: US$125.1m (down 3.3% from 3Q 2023). Net income: US$15.9m (up 22% from 3Q 2023). Profit margin: 13% (up from 10.0% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Declared Dividend • Oct 17Second quarter dividend of US$0.40 announcedShareholders will receive a dividend of US$0.40. Ex-date: 13th December 2024 Payment date: 31st December 2024 Dividend yield will be 5.9%, which is higher than the industry average of 5.2%.お知らせ • Oct 15CBL Properties Declares Cash Dividend for the Quarter Ending December 31, 2024, Payable on December 31, 2024CBL Properties announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending December 31, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on December 31, 2024, to shareholders of record as of December 13, 2024.お知らせ • Sep 12An undisclosed buyer acquired Layton Hills Convenience Center, Layton Hills Plaza and nine related outparcels in Layton from CBL & Associates Properties, Inc. (NYSE:CBL) for $28.5 million.An undisclosed buyer acquired Layton Hills Convenience Center, Layton Hills Plaza and nine related outparcels in Layton from CBL & Associates Properties, Inc. (NYSE:CBL) for $28.5 million on September 11, 2024. Net proceeds from the sale were applied to the term loan principal balance and open-air and outparcel loan. An undisclosed buyer completed the acquisition of Layton Hills Convenience Center, Layton Hills Plaza and nine related outparcels in Layton from CBL & Associates Properties, Inc. (NYSE:CBL) on September 11, 2024.Upcoming Dividend • Sep 06Upcoming dividend of US$0.40 per shareEligible shareholders must have bought the stock before 13 September 2024. Payment date: 30 September 2024. Trailing yield: 6.2%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.6%).Recent Insider Transactions • Aug 20President recently sold US$1.1m worth of stockOn the 16th of August, Michael Lebovitz sold around 43k shares on-market at roughly US$25.88 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months.Recent Insider Transactions Derivative • Aug 16President notifies of intention to sell stockMichael Lebovitz intends to sell 43k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of August. If the sale is conducted around the recent share price of US$25.60, it would amount to US$1.1m. Since December 2023, Michael's direct individual holding has increased from 66.18k shares to 87.37k. Company insiders have collectively sold US$3.1m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Aug 11CBL & Associates: 41% Variable-Rate Debt Set To Boost Cash Flows In 2025Summary CBL & Associates Properties is a retail REIT, deriving a majority of its net operating income from enclosed malls. The REIT has marginally outperformed the Vanguard Real Estate Index Fund ETF in 2024. I expect the outperformance to continue thanks to CBL's 73% debt-funded capital structure, with a boost of 10% to adjusted FFO likely if the Fed cuts rates. Q2 2024 performance was mixed, with higher adjusted FFO and net operating income offset by lower occupancy. High leverage, together with occupancy and tenant sales performance lagging quality peers, presents key risks to the investment case. Read the full article on Seeking AlphaDeclared Dividend • Aug 11Second quarter dividend of US$0.40 announcedShareholders will receive a dividend of US$0.40. Ex-date: 13th September 2024 Payment date: 30th September 2024 Dividend yield will be 6.2%, which is higher than the industry average of 5.2%.お知らせ • Aug 09CBL & Associates Properties, Inc. Provides Financial Guidance for the Full Year of 2024CBL & Associates Properties, Inc. provides financial guidance for the full year of 2024. For the period, the company expects diluted earnings per common share to be $0.08 to $0.52.お知らせ • Aug 08CBL Properties Declares Third Quarter Common Stock Dividend, Payable on September 30, 2024CBL Properties announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending September 30, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on September 30, 2024, to shareholders of record as of September 13, 2024.Upcoming Dividend • Jun 06Upcoming dividend of US$0.40 per shareEligible shareholders must have bought the stock before 13 June 2024. Payment date: 28 June 2024. Trailing yield: 7.0%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (5.1%).Recent Insider Transactions • May 16Key Executive recently sold US$122k worth of stockOn the 15th of May, David Contis sold around 6k shares on-market at roughly US$22.25 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.1m. This was David's only on-market trade for the last 12 months.お知らせ • May 11CBL & Associates Properties, Inc. Reiterates Earnings Guidance for the Full Year 2024CBL & Associates Properties, Inc. reiterated earnings guidance for the full year 2024. For the period, the company expects diluted earnings per common share to be $0.18 to $0.63.Reported Earnings • May 10First quarter 2024 earnings released: EPS: US$0.01 (vs US$0.063 in 1Q 2023)First quarter 2024 results: EPS: US$0.01 (down from US$0.063 in 1Q 2023). Revenue: US$129.1m (down 5.3% from 1Q 2023). Net income: US$309.0k (down 84% from 1Q 2023). Profit margin: 0.2% (down from 1.5% in 1Q 2023).お知らせ • May 09CBL Properties Declares Cash Dividend for the Second Quarter Ending June 30, 2024, Payable on June 28, 2024CBL Properties announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending June 30, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on June 28, 2024, to shareholders of record as of June 13, 2024.お知らせ • Apr 23CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2024CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2024, at 14:00 Eastern Daylight. Agenda: To act on the re-election of the Board of Directors’ seven director nominees to serve for a term of one year and until their respective successors are elected and qualified; to act upon a proposal to ratify the selection of Deloitte & Touche LLP (“ Deloitte ”) as the independent registered public accountants for the Company’s fiscal year ending December 31, 2024; to act upon a proposal for the advisory approval of the compensation of our Named Executive Officers as set forth herein; and to discuss other matters.Recent Insider Transactions • Mar 26CEO & Director recently sold US$228k worth of stockOn the 22nd of March, Stephen Lebovitz sold around 10k shares on-market at roughly US$22.53 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$1.1m. Stephen has been a net seller over the last 12 months, reducing personal holdings by US$2.7m.Recent Insider Transactions • Mar 12CEO & Director recently sold US$371k worth of stockOn the 8th of March, Stephen Lebovitz sold around 16k shares on-market at roughly US$23.31 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$1.1m. Stephen has been a net seller over the last 12 months, reducing personal holdings by US$1.5m.Upcoming Dividend • Mar 07Upcoming dividend of US$0.40 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Trailing yield: 6.8%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (5.1%).Recent Insider Transactions • Mar 01CEO & Director recently sold US$1.1m worth of stockOn the 28th of February, Stephen Lebovitz sold around 45k shares on-market at roughly US$23.54 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months.Seeking Alpha • Mar 01CBL & Associates: An Attractive Buy Before Fed Rate CutsSummary CBL Properties NOI declined 1.5% in 2023, with a further 0.3% drop expected for 2024. AFFO was down 15.5% in 2023, with a 3.8% decrease to about $6.41/share projected in 2024. CBL's debt-heavy capital structure poses a risk, but expected FED interest rate cuts in 2024-2026 will benefit the company. Same-store sales of -4.4% in 2023 and occupancy of just 90.9% are key operational issues facing the company. The implied cap rate of about 14.3% provides a significant margin of safety; hence, I reckon the shares are a buy. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Feb 28CEO & Director notifies of intention to sell stockStephen Lebovitz intends to sell 117k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of February. If the sale is conducted around the recent share price of US$24.05, it would amount to US$2.8m. For the year to December 2017, Stephen's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2023, Stephen's direct individual holding has increased from 369.66k shares to 469.00k. Company insiders have collectively bought US$28m more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • Feb 14Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: FFO per share: US$6.7 (up from US$5.95 in FY 2022). Revenue: US$535.3m (down 4.9% from FY 2022). Funds from operations (FFO): US$211.1m (up 18% from FY 2022). FFO margin: 39% (up from 32% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.Declared Dividend • Feb 12Third quarter dividend increased to US$0.40Dividend of US$0.40 is 6.7% higher than last year. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 6.4%, which is higher than the industry average of 5.2%.お知らせ • Feb 10CBL & Associates Properties, Inc. Announces Increase in Quarterly Dividend for the Quarter Ending March 31, 2024, Payable on March 29, 2024CBL & Associates Properties, Inc. announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending March 31, 2024, a 6.7% increase from the previous quarterly dividend rate. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on March 29, 2024, to shareholders of record as of March 15, 2024.Seeking Alpha • Dec 06Former Bankrupt Mall REIT CBL & Associates Properties Is Still StrugglingSummary CBL's latest 3Q results were mediocre, with some metrics improving, but others were very disappointing. CBL exited Ch.11 bankruptcy with an irrational reorganization plan. Too many of their retail store tenants face a bleak future. Read the full article on Seeking AlphaUpcoming Dividend • Dec 04Upcoming dividend of US$0.38 per share at 6.4% yieldEligible shareholders must have bought the stock before 11 December 2023. Payment date: 29 December 2023. Trailing yield: 6.4%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.3%).Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: US$0.43 (vs US$0.47 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.43 (up from US$0.47 loss in 3Q 2022). Revenue: US$129.4m (down 5.1% from 3Q 2022). Net income: US$13.6m (up US$28.1m from 3Q 2022). Profit margin: 11% (up from net loss in 3Q 2022).お知らせ • Nov 09CBL & Associates Properties, Inc. Declares Cash Dividend for the Quarter Ending December 31, 2023, Payable on December 29, 2023CBL & Associates Properties, Inc. announced that its Board of Directors has declared a cash dividend of $0.375 per common share for the quarter ending December 31, 2023. The dividend, which equates to an annual dividend payment of $1.50 per common share, is payable on December 29, 2023, to shareholders of record as of December 12, 2023.Seeking Alpha • Sep 14CBL & Associates: Finally A Compelling Deep Value InvestmentSummary CBL & Associates Properties stock has struggled since the company emerged from bankruptcy protection two years ago. The company has a dramatically better balance sheet than it did before its 2020 bankruptcy filing and operating metrics appear to be stabilizing. CBL generates enough free cash flow to pay a 7%-yielding dividend while also organically reducing debt by $80-$90 million annually. CBL stock is deeply undervalued, trading at an implied cap rate of 14%. I estimate its intrinsic value to be around $40: nearly twice the current share price. Read the full article on Seeking AlphaUpcoming Dividend • Sep 07Upcoming dividend of US$0.38 per share at 7.1% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Trailing yield: 7.1%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (5.5%).お知らせ • Aug 11CBL & Associates Properties, Inc. (NYSE:CBL) announces an Equity Buyback for $25 million worth of its shares.CBL & Associates Properties, Inc. (NYSE:CBL) announces a share repurchase program. Under the program, the company will repurchase up to $25 million worth of its shares. The program will expire on August 10, 2024.Reported Earnings • Aug 10Second quarter 2023 earnings released: US$0.67 loss per share (vs US$1.34 loss in 2Q 2022)Second quarter 2023 results: US$0.67 loss per share (improved from US$1.34 loss in 2Q 2022). Revenue: US$129.9m (down 5.2% from 2Q 2022). Net loss: US$21.1m (loss narrowed 49% from 2Q 2022).お知らせ • Aug 10+ 1 more updateCBL & Associates Properties, Inc. Provides Earnings Guidance for the Year 2023CBL & Associates Properties, Inc. provided earnings guidance for the year 2023. For the year, the company's expected diluted loss per common share in the range of $1.95 to $1.48. The company expects 2023 Same-Center NOI to be in the range of $423 million to $440 million.お知らせ • Jul 06Cbl Properties Appoints Michael A. Torres to the Company's Board of Directors and as Member of the Company's Audit CommitteeCBL Properties reported that Michael A. Torres has been appointed to the Company's board of directors. Torres was also appointed to serve as a member of the Company's Audit Committee. According to a release, Torres serves as chief executive officer and portfolio manager of Adelante Capital Management, LLC, a minority-owned investment management firm focused on publicly traded real estate securities. Torres joined the firm in February 1995. Prior to joining Adelante, Torres was the director of real estate research and a portfolio manager for Wilshire Asset Management. At Wilshire, he created the Wilshire Real Estate Securities Index, widely recognized as the industry's performance benchmark. Torres serves on the board of directors of Colovore and Renova Therapeutics, Investment Committee for the Stern Grove Festival Foundation, and the BEE Partners LP Advisory Board. Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of properties located in dynamic and growing communities.お知らせ • Jun 16CBL Properties Appoints Michael A. Torres to Its Board of Directors and Member of Audit CommitteeCBL Properties announced that Michael A. Torres has been appointed to the Company’s board of directors. Mr. Torres was also appointed to serve as a member of the Company’s Audit Committee. Mr. Torres serves as chief executive officer and portfolio manager of Adelante Capital Management, LLC, a minority-owned investment management firm focused on publicly traded real estate securities. Mr. Torres joined the firm in February 1995. Prior to joining Adelante, Mr. Torres was the director of real estate research and a portfolio manager for Wilshire Asset Management. At Wilshire, he created the Wilshire Real Estate Securities Index, widely recognized as the industry’s performance benchmark. Mr. Torres serves on the board of directors of Colovore LLC and Renova Therapeutics, Investment Committee for the Stern Grove Festival Foundation, and the BEE Partners LP Advisory Board. Mr. Torres received a B.A. in Architecture and an M.B.A. from University of California, Berkeley.New Risk • Jun 09New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$338k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Significant insider selling over the past 3 months (US$338k sold).Upcoming Dividend • Jun 06Upcoming dividend of US$0.38 per share at 6.4% yieldEligible shareholders must have bought the stock before 13 June 2023. Payment date: 30 June 2023. Trailing yield: 6.4%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (5.5%).お知らせ • Jun 01CBL Properties Appoints Benjamin Staples as Senior Vice President, People & CultureCBL & Associates Properties, Inc. announced that Benjamin Staples has joined CBL as the company's senior vice president people & culture. Staples brings more than 20 years of experience supporting, leading, and directing human resources (HR) operations and initiatives, most recently serving as vice president of human resources and diversity for Kenco Group. In his most recent role at Kenco Group, Staples served as a trusted HR partner across the organization, providing counsel on a variety of topics to C-suite executives and the legal team. He brings significant experience and expertise in the areas of recruitment, training, and employee relations and is an established thought leader in diversity and inclusion.株主還元CBLUS Retail REITsUS 市場7D1.4%2.7%1.0%1Y94.1%20.3%28.7%株主還元を見る業界別リターン: CBL過去 1 年間で20.3 % の収益を上げたUS Retail REITs業界を上回りました。リターン対市場: CBL過去 1 年間で28.7 % の収益を上げたUS市場を上回りました。価格変動Is CBL's price volatile compared to industry and market?CBL volatilityCBL Average Weekly Movement3.9%Retail REITs Industry Average Movement2.5%Market Average Movement7.2%10% most volatile stocks in US Market16.4%10% least volatile stocks in US Market3.1%安定した株価: CBL 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: CBLの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1978454Stephen Lebovitzwww.cblproperties.comCBL＆アソシエイツ・プロパティーズは、活気に溢れ、成長を続ける地域社会に位置する、市場優位性のある物件を全国規模で所有・管理している。CBLが所有・管理するポートフォリオは、全米23州にまたがる88物件、総面積5,560万平方フィートで構成され、その中には56の高品質なエンクローズドモール、アウトレットセンター、ライフスタイル小売センター、25以上のオープンエアセンターなどが含まれる。CBLは、積極的な経営、積極的なリース、収益性の高い再投資を通じて、会社とポートフォリオの継続的強化を目指している。CBL & Associates Properties, Inc.はテネシー州チャタヌーガに本社を置く。CBL & Associates Properties, Inc.は1978年に米国デラウェア州で設立された。もっと見るCBL & Associates Properties, Inc. 基礎のまとめCBL & Associates Properties の収益と売上を時価総額と比較するとどうか。CBL 基礎統計学時価総額US$1.48b収益（TTM）US$171.07m売上高(TTM)US$582.57m8.5xPER（株価収益率2.5xP/SレシオCBL は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計CBL 損益計算書（TTM）収益US$582.57m売上原価US$203.91m売上総利益US$378.66mその他の費用US$207.59m収益US$171.07m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）5.53グロス・マージン65.00%純利益率29.36%有利子負債／自己資本比率536.6%CBL の長期的なパフォーマンスは？過去の実績と比較を見る配当金5.3%現在の配当利回り11%配当性向CBL 配当は確実ですか？CBL 配当履歴とベンチマークを見るCBL 、いつまでに購入すれば配当金を受け取れますか？CBL & Associates Properties 配当日配当落ち日Jun 12 2026配当支払日Jun 30 2026配当落ちまでの日数19 days配当支払日までの日数37 daysCBL 配当は確実ですか？CBL 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 14:21終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋CBL & Associates Properties, Inc. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。22 アナリスト機関Ross SmotrichBarclaysCraig SchmidtBofA Global ResearchMichael GormanBrean Capital Historical (Janney Montgomery)19 その他のアナリストを表示
Recent Insider Transactions • May 19Executive Vice President of Accounting recently sold US$371k worth of stockOn the 14th of May, Andrew Cobb sold around 8k shares on-market at roughly US$45.80 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$824k more than they bought in the last 12 months.
ライブニュース • May 17CBL Properties Increases Dividend and Projects Higher Cash Flow With New Debt Structure and Mall AcquisitionCBL Properties reported Q1 2026 same-center NOI growth of 2.1% and adjusted FFO per share growth of 15%. The company refinanced its $634 million secured term loan with a $425 million fixed-rate mall loan due 2031 and a $176.1 million variable-rate lifestyle centers loan due 2032, which it expects to add about $30 million in annual free cash flow. CBL acquired Gateway Mall in Lincoln, Nebraska for about $43.8 million and the Board approved a 39% increase in the regular quarterly dividend to $0.625 per share, payable on June 30, 2026. The combination of higher FFO guidance, refinancing that is expected to free up cash, and an increased dividend indicates management’s current confidence in the company’s cash generation and balance sheet position. You may want to monitor how the Gateway Mall acquisition and the new debt structure affect occupancy, NOI and FFO over the next few quarters, as well as the sustainability of the higher dividend level.
Recent Insider Transactions Derivative • May 17Executive Vice President of Accounting notifies of intention to sell stockAndrew Cobb intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of May. If the sale is conducted around the recent share price of US$46.57, it would amount to US$380k. Since December 2025, Andrew's direct individual holding has increased from 37.08k shares to 67.77k. Company insiders have collectively sold US$453k more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • May 11First quarter 2026 earnings released: FFO per share: US$2.8 (vs US$1.14 in 1Q 2025)First quarter 2026 results: FFO per share: US$2.8 (up from US$1.14 in 1Q 2025). Revenue: US$146.0m (up 3.0% from 1Q 2025). Funds from operations (FFO): US$85.2m (up 145% from 1Q 2025). FFO margin: 58% (up from 25% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Declared Dividend • May 11Dividend of US$0.63 announcedShareholders will receive a dividend of US$0.63. Ex-date: 12th June 2026 Payment date: 30th June 2026 Dividend yield will be 4.5%, which is lower than the industry average of 5.2%.
お知らせ • May 09CBL & Associates Properties, Inc. announces Quarterly dividend, payable on June 30, 2026CBL & Associates Properties, Inc. announced Quarterly dividend of USD 0.6250 per share payable on June 30, 2026, ex-date on June 12, 2026 and record date on June 12, 2026.
Recent Insider Transactions • May 19Executive Vice President of Accounting recently sold US$371k worth of stockOn the 14th of May, Andrew Cobb sold around 8k shares on-market at roughly US$45.80 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$824k more than they bought in the last 12 months.
ライブニュース • May 17CBL Properties Increases Dividend and Projects Higher Cash Flow With New Debt Structure and Mall AcquisitionCBL Properties reported Q1 2026 same-center NOI growth of 2.1% and adjusted FFO per share growth of 15%. The company refinanced its $634 million secured term loan with a $425 million fixed-rate mall loan due 2031 and a $176.1 million variable-rate lifestyle centers loan due 2032, which it expects to add about $30 million in annual free cash flow. CBL acquired Gateway Mall in Lincoln, Nebraska for about $43.8 million and the Board approved a 39% increase in the regular quarterly dividend to $0.625 per share, payable on June 30, 2026. The combination of higher FFO guidance, refinancing that is expected to free up cash, and an increased dividend indicates management’s current confidence in the company’s cash generation and balance sheet position. You may want to monitor how the Gateway Mall acquisition and the new debt structure affect occupancy, NOI and FFO over the next few quarters, as well as the sustainability of the higher dividend level.
Recent Insider Transactions Derivative • May 17Executive Vice President of Accounting notifies of intention to sell stockAndrew Cobb intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of May. If the sale is conducted around the recent share price of US$46.57, it would amount to US$380k. Since December 2025, Andrew's direct individual holding has increased from 37.08k shares to 67.77k. Company insiders have collectively sold US$453k more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • May 11First quarter 2026 earnings released: FFO per share: US$2.8 (vs US$1.14 in 1Q 2025)First quarter 2026 results: FFO per share: US$2.8 (up from US$1.14 in 1Q 2025). Revenue: US$146.0m (up 3.0% from 1Q 2025). Funds from operations (FFO): US$85.2m (up 145% from 1Q 2025). FFO margin: 58% (up from 25% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Declared Dividend • May 11Dividend of US$0.63 announcedShareholders will receive a dividend of US$0.63. Ex-date: 12th June 2026 Payment date: 30th June 2026 Dividend yield will be 4.5%, which is lower than the industry average of 5.2%.
お知らせ • May 09CBL & Associates Properties, Inc. announces Quarterly dividend, payable on June 30, 2026CBL & Associates Properties, Inc. announced Quarterly dividend of USD 0.6250 per share payable on June 30, 2026, ex-date on June 12, 2026 and record date on June 12, 2026.
お知らせ • Apr 23CBL & Associates Properties, Inc., Annual General Meeting, May 21, 2026CBL & Associates Properties, Inc., Annual General Meeting, May 21, 2026.
Seeking Alpha • Apr 10CBL & Associates Properties: Dividend Hike Offsets AFFO Guidance DisappointmentSummary CBL & Associates Properties stock has recovered from early 2026 weakness and is again outperforming U.S. REIT peers. This comes as CBL hiked its annual regular dividend to $2.50/share, potentially reflecting confidence in operating performance and the REIT's capital structure. While AFFO increased by 7.8% in 2025, the company signals a slump of around 4% in 2026, impacted by higher stock-based compensation and elevated fixed-rate funding costs. CBL will allocate less capital to debt amortization, a benefit of recent refinancing efforts. Even so, I expect debt paydowns of about $50-60 million per year to continue. Despite no near-term catalysts and risks stemming from U.S. economic uncertainty, I confirm my previous Buy rating on CBL for investors with a 2027-2028 horizon. Read the full article on Seeking Alpha
Upcoming Dividend • Apr 04Upcoming dividend of US$0.17 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 17 April 2026. Trailing yield: 4.5%. Within top quartile of American dividend payers (4.4%). In line with average of industry peers (4.7%).
お知らせ • Apr 02Cbl & Associates Properties, Inc. Approves Special Cash Dividend for First Quarter of 2026, Payable on April 17, 2026CBL & Associates Properties, Inc. announced that its Board of Directors has approved a special cash dividend of $0.175 per common share for the first quarter of 2026. The special dividend is in addition to the previously declared $0.45 per share dividend announced on February 11, 2026, resulting in a total first-quarter dividend of $0.625 per share, a 39% increase. The special dividend will be paid on April 17, 2026, to shareholders of record as of April 10, 2026. The special dividend represents an increase in the Company’s dividend for the first quarter and is expected to be incorporated into the ongoing regular quarterly dividend beginning in the second quarter, subject to Board approval. The new quarterly dividend equates to an annualized rate of $2.50 per common share.
Upcoming Dividend • Mar 10Upcoming dividend of US$0.45 per shareEligible shareholders must have bought the stock before 17 March 2026. Payment date: 31 March 2026. Trailing yield: 4.7%. Within top quartile of American dividend payers (4.3%). In line with average of industry peers (4.5%).
Reported Earnings • Feb 15Full year 2025 earnings released: FFO per share: US$6.9 (vs US$6.41 in FY 2024)Full year 2025 results: FFO per share: US$6.9 (up from US$6.41 in FY 2024). Revenue: US$578.4m (up 12% from FY 2024). Funds from operations (FFO): US$209.0m (up 5.4% from FY 2024). FFO margin: 36% (down from 38% in FY 2024). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 13CBL Properties Provides Earnings Guidance for 2026CBL Properties provided earnings guidance for 2026. For the period, the company expects Net Income to be in the range of $23.6 millions to $33.6 millions. Diluted earnings per common share is expected to be in the range of $0.60 to $0.92.
お知らせ • Feb 12CBL Properties Declares Dividend for the First Quarter Ending March 31, 2026, Payable on March 31, 2026CBL Properties announced that its Board of Directors has declared a regular cash dividend of $0.45 per common share for the quarter ending March 31, 2026. The dividend is payable on March 31, 2026, to shareholders of record as of March 17, 2026.
Recent Insider Transactions • Dec 05Chief Legal Officer & Secretary recently sold US$167k worth of stockOn the 2nd of December, Jeffery Curry sold around 5k shares on-market at roughly US$33.33 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$209k. Insiders have been net sellers, collectively disposing of US$862k more than they bought in the last 12 months.
New Risk • Dec 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 66% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings are forecast to decline by an average of 66% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$258k sold).
Recent Insider Transactions • Nov 20Independent Director recently bought US$127k worth of stockOn the 17th of November, Michael Torres bought around 4k shares on-market at roughly US$31.84 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$695k more in shares than they bought in the last 12 months.
Declared Dividend • Nov 09Third quarter dividend of US$0.45 announcedShareholders will receive a dividend of US$0.45. Ex-date: 25th November 2025 Payment date: 11th December 2025 Dividend yield will be 7.6%, which is higher than the industry average of 5.2%.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: US$2.52 (vs US$0.52 in 3Q 2024)Third quarter 2025 results: EPS: US$2.52 (up from US$0.52 in 3Q 2024). Revenue: US$139.3m (up 11% from 3Q 2024). Net income: US$76.6m (up 383% from 3Q 2024). Profit margin: 55% (up from 13% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 143% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 07CBL Properties Provides Earnings Guidance for 2025CBL Properties provided earnings guidance for 2025. For the period, the company expects Net Income to be in the range of $101.4 millions to $112.4 millions. Diluted earnings per common share is expected to be in the range of $3.21 to $3.57.
お知らせ • Nov 06CBL & Associates Properties, Inc. Declares Regular Cash Dividend for the Quarter Ending December 31, 2025, Payable on December 11, 2025CBL & Associates Properties, Inc. announced that its Board of Directors has declared a regular cash dividend of $0.45 per common share for the quarter ending December 31, 2025. The dividend is payable on December 11, 2025, to shareholders of record as of November 25, 2025.
Recent Insider Transactions • Oct 15Executive Vice President of Accounting recently sold US$209k worth of stockOn the 10th of October, Andrew Cobb sold around 7k shares on-market at roughly US$28.39 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$823k more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Oct 10Executive Vice President of Accounting notifies of intention to sell stockAndrew Cobb intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of October. If the sale is conducted around the recent share price of US$29.16, it would amount to US$215k. Since December 2024, Andrew's direct individual holding has increased from 44.05k shares to 46.91k. Company insiders have collectively bought US$1.4m more than they sold, via options and on-market transactions, in the last 12 months.
Recent Insider Transactions Derivative • Sep 23Chief Legal Officer & Secretary notifies of intention to sell stockJeffery Curry intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of September. If the sale is conducted around the recent share price of US$30.35, it would amount to US$152k. Since December 2024, Jeffery's direct individual holding has increased from 85.36k shares to 102.60k. Company insiders have collectively bought US$1.4m more than they sold, via options and on-market transactions, in the last 12 months.
Upcoming Dividend • Sep 08Upcoming dividend of US$0.45 per shareEligible shareholders must have bought the stock before 15 September 2025. Payment date: 30 September 2025. Trailing yield: 5.6%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.8%).
Board Change • Sep 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Michael Torres was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Aug 29Executive VP recently sold US$155k worth of stockOn the 27th of August, Benjamin Jaenicke sold around 5k shares on-market at roughly US$31.00 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Benjamin has been a net seller over the last 12 months, reducing personal holdings by US$251k.
Recent Insider Transactions Derivative • Aug 28Executive VP notifies of intention to sell stockBenjamin Jaenicke intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of August. If the sale is conducted around the recent share price of US$31.15, it would amount to US$156k. Since September 2024, Benjamin's direct individual holding has increased from 49.42k shares to 59.60k. Company insiders have collectively bought US$1.5m more than they sold, via options and on-market transactions, in the last 12 months.
Declared Dividend • Aug 07Second quarter dividend of US$0.45 announcedShareholders will receive a dividend of US$0.45. Ex-date: 15th September 2025 Payment date: 30th September 2025 Dividend yield will be 8.7%, which is higher than the industry average of 5.2%.
お知らせ • Aug 07CBL & Associates Properties, Inc. Provides Earnings Guidance for the Full Year of 2025CBL & Associates Properties, Inc. provided earnings guidance for the full year of 2025. For the year, the company expects net income to be between $14.7 million to $25.7 million. Diluted earnings per common share to be between $0.49 to $0.85.
Reported Earnings • Aug 06Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.084 (down from US$0.14 in 2Q 2024). Revenue: US$140.9m (up 8.7% from 2Q 2024). Net income: US$2.57m (down 43% from 2Q 2024). Profit margin: 1.8% (down from 3.5% in 2Q 2024). Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 50%. Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Aug 05CBL Properties Declares Quarterly Cash Dividend, Payable on September 30, 2025CBL Properties announced that its Board of Directors has declared a cash dividend of $0.45 per common share for the quarter ending September 30, 2025, a 12.5% increase from the previous quarterly dividend rate. The dividend, which equates to an annual dividend payment of $1.80 per common share, is payable on September 30, 2025, to shareholders of record as of September 15, 2025.
Upcoming Dividend • Jun 06Upcoming dividend of US$0.40 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 30 June 2025. Trailing yield: 6.4%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.1%).
Reported Earnings • May 05First quarter 2025 earnings released: EPS: US$0.27 (vs US$0.007 loss in 1Q 2024)First quarter 2025 results: EPS: US$0.27 (up from US$0.007 loss in 1Q 2024). Revenue: US$141.8m (up 9.8% from 1Q 2024). Net income: US$8.21m (up US$8.42m from 1Q 2024). Profit margin: 5.8% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Declared Dividend • May 05Fourth quarter dividend of US$0.40 announcedShareholders will receive a dividend of US$0.40. Ex-date: 13th June 2025 Payment date: 30th June 2025 Dividend yield will be 9.8%, which is higher than the industry average of 5.2%.
お知らせ • May 02+ 1 more updateCBL & Associates Properties, Inc. (NYSE:CBL) announces an Equity Buyback for $25 million worth of its shares.CBL & Associates Properties, Inc. (NYSE:CBL) announces a share repurchase program. Under the program, the company will repurchase up to $25 million worth of its shares. The program will expire on May 1, 2026.
お知らせ • Apr 24CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2025CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2025.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$22.42, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 29x in the Retail REITs industry in the US. Total loss to shareholders of 7.9% over the past three years.
Recent Insider Transactions • Mar 12Key Executive recently sold US$152k worth of stockOn the 7th of March, David Contis sold around 5k shares on-market at roughly US$29.12 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$196k. David has been a net seller over the last 12 months, reducing personal holdings by US$274k.
Recent Insider Transactions Derivative • Mar 09Key Executive notifies of intention to sell stockDavid Contis intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of March. If the sale is conducted around the recent share price of US$30.03, it would amount to US$157k. Since June 2024, David's direct individual holding has increased from 65.02k shares to 69.04k. Company insiders have collectively sold US$871k more than they bought, via options and on-market transactions in the last 12 months.
Upcoming Dividend • Mar 06Upcoming dividend of US$1.20 per shareEligible shareholders must have bought the stock before 13 March 2025. Payment date: 31 March 2025. Trailing yield: 5.5%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (4.7%).
お知らせ • Feb 25CBL Properties Announces Promotion of Karen Walker to Senior Vice President – Technology SolutionsCBL Properties announced several promotions including one promotion to Senior Vice President and five new Vice Presidents. Karen Walker was promoted to Senior Vice President – Technology Solutions. Karen joined the CBL team in 2014 and throughout her tenure has assumed increasing responsibilities, including roles as a programmer, business and supply chain analyst, and business intelligence. In 2021, she was promoted to Vice President – Technology Solutions and is responsible for overseeing CBL’s technology solutions department. Karen’s leadership, creativity, and solutions-oriented mindset has been integral in enhancing CBL’s technological capabilities to better meet the needs of the company. Karen holds a B.A. in Computer Science from Indiana University.
お知らせ • Feb 17CBL & Associates Properties, Inc. (NYSE:CBL) acquired Imperial Valley Mall, L.P. for $38.1 million.CBL & Associates Properties, Inc. (NYSE:CBL) acquired Imperial Valley Mall, L.P. for $38.1 million on February 17, 2025. CBL & Associates Properties, Inc. (NYSE:CBL) completed the acquisition of Imperial Valley Mall, L.P. for $38.1 million on February 17, 2025.
Declared Dividend • Feb 16Third quarter dividend of US$1.20 announcedShareholders will receive a dividend of US$1.20. Ex-date: 13th March 2025 Payment date: 31st March 2025 Dividend yield will be 7.3%, which is higher than the industry average of 5.2%.
お知らせ • Feb 15CBL & Associates Properties, Inc. Provides Earnings Guidance for the Full Year of 2025CBL & Associates Properties, Inc. provided earnings guidance for the full year of 2025. For the period, the company expects diluted earnings per common share to be $1.07 to $1.43.
Reported Earnings • Feb 14Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.87 (up from US$0.17 in FY 2023). Revenue: US$515.6m (down 3.7% from FY 2023). Net income: US$57.8m (up US$52.3m from FY 2023). Profit margin: 11% (up from 1.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 76%. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 13+ 1 more updateCBL & Associates Properties, Inc. Declares First Quarter Special Cash Common Stock Dividend, Payable on March 31, 2025CBL & Associates Properties, Inc.’s Board of Directors has declared a special cash dividend of $0.80 per common share. The special dividend is payable on March 31, 2025, to shareholders of record as of March 13, 2025.
Seeking Alpha • Feb 09CBL & Associates Properties: AFFO May Reach $7.20/Share In 2025Summary CBL & Associates Properties is a retail REIT focused on Malls and Open air/Power centers. I expect Q4 2024 AFFO of $1.90/share, driven by lower occupancy and benefits from Fed rate cuts. AFFO in 2025 should benefit from the full-year effect of Fed rate cuts, deleveraging efforts, and potential additional buybacks. CBL remains a Buy thanks to its very low AFFO multiple and substantial discount to management's NAV estimates. High leverage and the impact tariffs may have on retailer margins are key risks to consider. Read the full article on Seeking Alpha
お知らせ • Feb 01An undisclosed buyer acquired Monroeville Mall from CBL & Associates Properties, Inc. (NYSE:CBL) for $34 million.An undisclosed buyer acquired Monroeville Mall from CBL & Associates Properties, Inc. (NYSE:CBL) for $34 million on January 31, 2025. Approximately $7.1 million of the net proceeds was used to reduce the outparcel and open-air center loan to $333 million, enabling the release of a collateral parcel. An undisclosed buyer completed the acquisition of Monroeville Mall from CBL & Associates Properties, Inc. (NYSE:CBL) for $34 million on January 31, 2025.
Seeking Alpha • Jan 31CBL & Associates Properties: Our 'Long-Term Commercial Property Recovery' ThemeSummary CBL & Associates Properties, Inc. is a promising investment in the "long-term commercial property recovery" theme, with a focus on fundamentally sound real estate. CBL has successfully reduced leverage, invested in top properties, and returned capital to shareholders post-bankruptcy, owning a diverse portfolio of 87 properties. At $28 per share, CBL trades at a significant discount to its fair value of $40-45, with low downside risk and substantial cash reserves. Strong cash flow, ongoing debt reduction, strategic reinvestment, and share repurchases position CBL for potential growth despite challenges in the mall business. Read the full article on Seeking Alpha
Recent Insider Transactions • Jan 15Executive Vice President of Accounting recently sold US$196k worth of stockOn the 10th of January, Andrew Cobb sold around 7k shares on-market at roughly US$28.84 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.4m more than they bought in the last 12 months.
Upcoming Dividend • Nov 18Upcoming dividend of US$0.40 per shareEligible shareholders must have bought the stock before 25 November 2024. Payment date: 11 December 2024. Trailing yield: 5.9%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (4.6%).
Seeking Alpha • Nov 13CBL & Associates Properties Vs. SITE Centers: Which Is The Better REIT For 2025Summary CBL & Associates Properties and SITE Centers are REITs focused on retail real estate, with reported occupancy rates indicating poor competitive dynamics. CBL funds a greater proportion of its capital structure with debt, but both companies have significant floating rate debt exposure. CBL is more attractively valued on an enterprise-level and AFFO multiple basis, but also reports higher administrative expenses. SITC's low gearing may hurt returns if the US economy continues to do well and operational performance improves. Key risks to consider include declining occupancy, tighter than expected Fed policy, and tenant sales growth running below inflation at CBL. Read the full article on Seeking Alpha
Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: US$0.52 (vs US$0.41 in 3Q 2023)Third quarter 2024 results: EPS: US$0.52 (up from US$0.41 in 3Q 2023). Revenue: US$125.1m (down 3.3% from 3Q 2023). Net income: US$15.9m (up 22% from 3Q 2023). Profit margin: 13% (up from 10.0% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Declared Dividend • Oct 17Second quarter dividend of US$0.40 announcedShareholders will receive a dividend of US$0.40. Ex-date: 13th December 2024 Payment date: 31st December 2024 Dividend yield will be 5.9%, which is higher than the industry average of 5.2%.
お知らせ • Oct 15CBL Properties Declares Cash Dividend for the Quarter Ending December 31, 2024, Payable on December 31, 2024CBL Properties announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending December 31, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on December 31, 2024, to shareholders of record as of December 13, 2024.
お知らせ • Sep 12An undisclosed buyer acquired Layton Hills Convenience Center, Layton Hills Plaza and nine related outparcels in Layton from CBL & Associates Properties, Inc. (NYSE:CBL) for $28.5 million.An undisclosed buyer acquired Layton Hills Convenience Center, Layton Hills Plaza and nine related outparcels in Layton from CBL & Associates Properties, Inc. (NYSE:CBL) for $28.5 million on September 11, 2024. Net proceeds from the sale were applied to the term loan principal balance and open-air and outparcel loan. An undisclosed buyer completed the acquisition of Layton Hills Convenience Center, Layton Hills Plaza and nine related outparcels in Layton from CBL & Associates Properties, Inc. (NYSE:CBL) on September 11, 2024.
Upcoming Dividend • Sep 06Upcoming dividend of US$0.40 per shareEligible shareholders must have bought the stock before 13 September 2024. Payment date: 30 September 2024. Trailing yield: 6.2%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.6%).
Recent Insider Transactions • Aug 20President recently sold US$1.1m worth of stockOn the 16th of August, Michael Lebovitz sold around 43k shares on-market at roughly US$25.88 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months.
Recent Insider Transactions Derivative • Aug 16President notifies of intention to sell stockMichael Lebovitz intends to sell 43k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of August. If the sale is conducted around the recent share price of US$25.60, it would amount to US$1.1m. Since December 2023, Michael's direct individual holding has increased from 66.18k shares to 87.37k. Company insiders have collectively sold US$3.1m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Aug 11CBL & Associates: 41% Variable-Rate Debt Set To Boost Cash Flows In 2025Summary CBL & Associates Properties is a retail REIT, deriving a majority of its net operating income from enclosed malls. The REIT has marginally outperformed the Vanguard Real Estate Index Fund ETF in 2024. I expect the outperformance to continue thanks to CBL's 73% debt-funded capital structure, with a boost of 10% to adjusted FFO likely if the Fed cuts rates. Q2 2024 performance was mixed, with higher adjusted FFO and net operating income offset by lower occupancy. High leverage, together with occupancy and tenant sales performance lagging quality peers, presents key risks to the investment case. Read the full article on Seeking Alpha
Declared Dividend • Aug 11Second quarter dividend of US$0.40 announcedShareholders will receive a dividend of US$0.40. Ex-date: 13th September 2024 Payment date: 30th September 2024 Dividend yield will be 6.2%, which is higher than the industry average of 5.2%.
お知らせ • Aug 09CBL & Associates Properties, Inc. Provides Financial Guidance for the Full Year of 2024CBL & Associates Properties, Inc. provides financial guidance for the full year of 2024. For the period, the company expects diluted earnings per common share to be $0.08 to $0.52.
お知らせ • Aug 08CBL Properties Declares Third Quarter Common Stock Dividend, Payable on September 30, 2024CBL Properties announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending September 30, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on September 30, 2024, to shareholders of record as of September 13, 2024.
Upcoming Dividend • Jun 06Upcoming dividend of US$0.40 per shareEligible shareholders must have bought the stock before 13 June 2024. Payment date: 28 June 2024. Trailing yield: 7.0%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (5.1%).
Recent Insider Transactions • May 16Key Executive recently sold US$122k worth of stockOn the 15th of May, David Contis sold around 6k shares on-market at roughly US$22.25 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.1m. This was David's only on-market trade for the last 12 months.
お知らせ • May 11CBL & Associates Properties, Inc. Reiterates Earnings Guidance for the Full Year 2024CBL & Associates Properties, Inc. reiterated earnings guidance for the full year 2024. For the period, the company expects diluted earnings per common share to be $0.18 to $0.63.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: US$0.01 (vs US$0.063 in 1Q 2023)First quarter 2024 results: EPS: US$0.01 (down from US$0.063 in 1Q 2023). Revenue: US$129.1m (down 5.3% from 1Q 2023). Net income: US$309.0k (down 84% from 1Q 2023). Profit margin: 0.2% (down from 1.5% in 1Q 2023).
お知らせ • May 09CBL Properties Declares Cash Dividend for the Second Quarter Ending June 30, 2024, Payable on June 28, 2024CBL Properties announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending June 30, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on June 28, 2024, to shareholders of record as of June 13, 2024.
お知らせ • Apr 23CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2024CBL & Associates Properties, Inc., Annual General Meeting, May 22, 2024, at 14:00 Eastern Daylight. Agenda: To act on the re-election of the Board of Directors’ seven director nominees to serve for a term of one year and until their respective successors are elected and qualified; to act upon a proposal to ratify the selection of Deloitte & Touche LLP (“ Deloitte ”) as the independent registered public accountants for the Company’s fiscal year ending December 31, 2024; to act upon a proposal for the advisory approval of the compensation of our Named Executive Officers as set forth herein; and to discuss other matters.
Recent Insider Transactions • Mar 26CEO & Director recently sold US$228k worth of stockOn the 22nd of March, Stephen Lebovitz sold around 10k shares on-market at roughly US$22.53 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$1.1m. Stephen has been a net seller over the last 12 months, reducing personal holdings by US$2.7m.
Recent Insider Transactions • Mar 12CEO & Director recently sold US$371k worth of stockOn the 8th of March, Stephen Lebovitz sold around 16k shares on-market at roughly US$23.31 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$1.1m. Stephen has been a net seller over the last 12 months, reducing personal holdings by US$1.5m.
Upcoming Dividend • Mar 07Upcoming dividend of US$0.40 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Trailing yield: 6.8%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (5.1%).
Recent Insider Transactions • Mar 01CEO & Director recently sold US$1.1m worth of stockOn the 28th of February, Stephen Lebovitz sold around 45k shares on-market at roughly US$23.54 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months.
Seeking Alpha • Mar 01CBL & Associates: An Attractive Buy Before Fed Rate CutsSummary CBL Properties NOI declined 1.5% in 2023, with a further 0.3% drop expected for 2024. AFFO was down 15.5% in 2023, with a 3.8% decrease to about $6.41/share projected in 2024. CBL's debt-heavy capital structure poses a risk, but expected FED interest rate cuts in 2024-2026 will benefit the company. Same-store sales of -4.4% in 2023 and occupancy of just 90.9% are key operational issues facing the company. The implied cap rate of about 14.3% provides a significant margin of safety; hence, I reckon the shares are a buy. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Feb 28CEO & Director notifies of intention to sell stockStephen Lebovitz intends to sell 117k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of February. If the sale is conducted around the recent share price of US$24.05, it would amount to US$2.8m. For the year to December 2017, Stephen's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2023, Stephen's direct individual holding has increased from 369.66k shares to 469.00k. Company insiders have collectively bought US$28m more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • Feb 14Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: FFO per share: US$6.7 (up from US$5.95 in FY 2022). Revenue: US$535.3m (down 4.9% from FY 2022). Funds from operations (FFO): US$211.1m (up 18% from FY 2022). FFO margin: 39% (up from 32% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.
Declared Dividend • Feb 12Third quarter dividend increased to US$0.40Dividend of US$0.40 is 6.7% higher than last year. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 6.4%, which is higher than the industry average of 5.2%.
お知らせ • Feb 10CBL & Associates Properties, Inc. Announces Increase in Quarterly Dividend for the Quarter Ending March 31, 2024, Payable on March 29, 2024CBL & Associates Properties, Inc. announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending March 31, 2024, a 6.7% increase from the previous quarterly dividend rate. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on March 29, 2024, to shareholders of record as of March 15, 2024.
Seeking Alpha • Dec 06Former Bankrupt Mall REIT CBL & Associates Properties Is Still StrugglingSummary CBL's latest 3Q results were mediocre, with some metrics improving, but others were very disappointing. CBL exited Ch.11 bankruptcy with an irrational reorganization plan. Too many of their retail store tenants face a bleak future. Read the full article on Seeking Alpha
Upcoming Dividend • Dec 04Upcoming dividend of US$0.38 per share at 6.4% yieldEligible shareholders must have bought the stock before 11 December 2023. Payment date: 29 December 2023. Trailing yield: 6.4%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.3%).
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: US$0.43 (vs US$0.47 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.43 (up from US$0.47 loss in 3Q 2022). Revenue: US$129.4m (down 5.1% from 3Q 2022). Net income: US$13.6m (up US$28.1m from 3Q 2022). Profit margin: 11% (up from net loss in 3Q 2022).
お知らせ • Nov 09CBL & Associates Properties, Inc. Declares Cash Dividend for the Quarter Ending December 31, 2023, Payable on December 29, 2023CBL & Associates Properties, Inc. announced that its Board of Directors has declared a cash dividend of $0.375 per common share for the quarter ending December 31, 2023. The dividend, which equates to an annual dividend payment of $1.50 per common share, is payable on December 29, 2023, to shareholders of record as of December 12, 2023.
Seeking Alpha • Sep 14CBL & Associates: Finally A Compelling Deep Value InvestmentSummary CBL & Associates Properties stock has struggled since the company emerged from bankruptcy protection two years ago. The company has a dramatically better balance sheet than it did before its 2020 bankruptcy filing and operating metrics appear to be stabilizing. CBL generates enough free cash flow to pay a 7%-yielding dividend while also organically reducing debt by $80-$90 million annually. CBL stock is deeply undervalued, trading at an implied cap rate of 14%. I estimate its intrinsic value to be around $40: nearly twice the current share price. Read the full article on Seeking Alpha
Upcoming Dividend • Sep 07Upcoming dividend of US$0.38 per share at 7.1% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Trailing yield: 7.1%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (5.5%).
お知らせ • Aug 11CBL & Associates Properties, Inc. (NYSE:CBL) announces an Equity Buyback for $25 million worth of its shares.CBL & Associates Properties, Inc. (NYSE:CBL) announces a share repurchase program. Under the program, the company will repurchase up to $25 million worth of its shares. The program will expire on August 10, 2024.
Reported Earnings • Aug 10Second quarter 2023 earnings released: US$0.67 loss per share (vs US$1.34 loss in 2Q 2022)Second quarter 2023 results: US$0.67 loss per share (improved from US$1.34 loss in 2Q 2022). Revenue: US$129.9m (down 5.2% from 2Q 2022). Net loss: US$21.1m (loss narrowed 49% from 2Q 2022).
お知らせ • Aug 10+ 1 more updateCBL & Associates Properties, Inc. Provides Earnings Guidance for the Year 2023CBL & Associates Properties, Inc. provided earnings guidance for the year 2023. For the year, the company's expected diluted loss per common share in the range of $1.95 to $1.48. The company expects 2023 Same-Center NOI to be in the range of $423 million to $440 million.
お知らせ • Jul 06Cbl Properties Appoints Michael A. Torres to the Company's Board of Directors and as Member of the Company's Audit CommitteeCBL Properties reported that Michael A. Torres has been appointed to the Company's board of directors. Torres was also appointed to serve as a member of the Company's Audit Committee. According to a release, Torres serves as chief executive officer and portfolio manager of Adelante Capital Management, LLC, a minority-owned investment management firm focused on publicly traded real estate securities. Torres joined the firm in February 1995. Prior to joining Adelante, Torres was the director of real estate research and a portfolio manager for Wilshire Asset Management. At Wilshire, he created the Wilshire Real Estate Securities Index, widely recognized as the industry's performance benchmark. Torres serves on the board of directors of Colovore and Renova Therapeutics, Investment Committee for the Stern Grove Festival Foundation, and the BEE Partners LP Advisory Board. Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of properties located in dynamic and growing communities.
お知らせ • Jun 16CBL Properties Appoints Michael A. Torres to Its Board of Directors and Member of Audit CommitteeCBL Properties announced that Michael A. Torres has been appointed to the Company’s board of directors. Mr. Torres was also appointed to serve as a member of the Company’s Audit Committee. Mr. Torres serves as chief executive officer and portfolio manager of Adelante Capital Management, LLC, a minority-owned investment management firm focused on publicly traded real estate securities. Mr. Torres joined the firm in February 1995. Prior to joining Adelante, Mr. Torres was the director of real estate research and a portfolio manager for Wilshire Asset Management. At Wilshire, he created the Wilshire Real Estate Securities Index, widely recognized as the industry’s performance benchmark. Mr. Torres serves on the board of directors of Colovore LLC and Renova Therapeutics, Investment Committee for the Stern Grove Festival Foundation, and the BEE Partners LP Advisory Board. Mr. Torres received a B.A. in Architecture and an M.B.A. from University of California, Berkeley.
New Risk • Jun 09New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$338k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Significant insider selling over the past 3 months (US$338k sold).
Upcoming Dividend • Jun 06Upcoming dividend of US$0.38 per share at 6.4% yieldEligible shareholders must have bought the stock before 13 June 2023. Payment date: 30 June 2023. Trailing yield: 6.4%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (5.5%).
お知らせ • Jun 01CBL Properties Appoints Benjamin Staples as Senior Vice President, People & CultureCBL & Associates Properties, Inc. announced that Benjamin Staples has joined CBL as the company's senior vice president people & culture. Staples brings more than 20 years of experience supporting, leading, and directing human resources (HR) operations and initiatives, most recently serving as vice president of human resources and diversity for Kenco Group. In his most recent role at Kenco Group, Staples served as a trusted HR partner across the organization, providing counsel on a variety of topics to C-suite executives and the legal team. He brings significant experience and expertise in the areas of recruitment, training, and employee relations and is an established thought leader in diversity and inclusion.
