Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.
Fair value with worrying balance sheet.
Share Price & News
How has CBL & Associates Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CBL.PRD's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CBL.PRD underperformed the US REITs industry which returned -7.2% over the past year.
Return vs Market: CBL.PRD underperformed the US Market which returned 8.9% over the past year.
Price Volatility Vs. Market
How volatile is CBL & Associates Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is CBL & Associates Properties undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CBL.PRD ($0.6) is trading below our estimate of fair value ($7.13)
Significantly Below Fair Value: CBL.PRD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CBL.PRD is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: CBL.PRD is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CBL.PRD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CBL.PRD is good value based on its PB Ratio (0.1x) compared to the US REITs industry average (1.5x).
How is CBL & Associates Properties forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CBL.PRD is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: CBL.PRD is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: CBL.PRD is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: CBL.PRD's revenue is expected to decline over the next 3 years (-8.2% per year).
High Growth Revenue: CBL.PRD's revenue is forecast to decline over the next 3 years (-8.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CBL.PRD's Return on Equity is forecast to be high in 3 years time
How has CBL & Associates Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CBL.PRD is currently unprofitable.
Growing Profit Margin: CBL.PRD is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CBL.PRD is unprofitable, and losses have increased over the past 5 years at a rate of -66.7% per year.
Accelerating Growth: Unable to compare CBL.PRD's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CBL.PRD is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (5.2%).
Return on Equity
High ROE: CBL.PRD has a negative Return on Equity (-30.88%), as it is currently unprofitable.
How is CBL & Associates Properties's financial position?
Financial Position Analysis
Short Term Liabilities: CBL.PRD's short term assets ($241.4M) exceed its short term liabilities ($205.5M).
Long Term Liabilities: CBL.PRD's short term assets ($241.4M) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: CBL.PRD's debt to equity ratio (521.4%) is considered high.
Reducing Debt: CBL.PRD's debt to equity ratio has increased from 300% to 521.4% over the past 5 years.
Debt Coverage: CBL.PRD's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: CBL.PRD is unprofitable, therefore interest payments are not well covered by earnings.
What is CBL & Associates Properties's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CBL.PRD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CBL.PRD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CBL.PRD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CBL.PRD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CBL.PRD is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CBL.PRD's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Stephen Lebovitz (58yo)
Mr. Stephen D. Lebovitz serves as the Chief Executive Officer of CBL Holdings I, Inc and President of CBL Holdings I, Inc. Mr. Lebovitz has been the Chief Executive Officer of CBL & Associates Properties, ...
CEO Compensation Analysis
Compensation vs Market: Stephen's total compensation ($USD3.43M) is above average for companies of similar size in the US market ($USD577.87K).
Compensation vs Earnings: Stephen's compensation has been consistent with company performance over the past year.
|CEO & Director||10.42yrs||US$3.43m||0.91% $468.9k|
|Executive VP||7.75yrs||US$1.26m||0.23% $118.8k|
|Chief Legal Officer & Secretary||8.17yrs||US$1.04m||0.14% $73.3k|
|Executive Vice President of Operations||no data||no data||0.016% $8.0k|
|Executive VP & Chief Investment Officer||3.33yrs||no data||0.023% $11.6k|
|VP of Accounting & Assistant Controller||no data||no data||no data|
|Vice President of Financial Operations & Administration||1.33yrs||no data||no data|
|Executive VP of Management & Compliance Officer||no data||no data||0.18% $91.9k|
|Director of Public Relations & Corporate Communications||no data||no data||no data|
Experienced Management: CBL.PRD's management team is seasoned and experienced (5.5 years average tenure).
|CEO & Director||10.42yrs||US$3.43m||0.91% $468.9k|
|Independent Director||5.42yrs||US$170.00k||0.096% $49.4k|
|Chairman of the Board||26.58yrs||US$1.47m||0.17% $87.8k|
|Independent Director||0.58yr||US$37.50k||7.94% $4.1m|
|Independent Lead Director||6.42yrs||US$205.00k||0.099% $50.8k|
|Independent Director||6.83yrs||US$180.00k||0.094% $48.5k|
|Independent Director||0.58yr||US$37.50k||0.017% $8.9k|
|Independent Director||11.08yrs||US$175.00k||0.097% $50.2k|
|Independent Director||4.33yrs||US$177.50k||0.088% $45.3k|
Experienced Board: CBL.PRD's board of directors are considered experienced (6.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CBL & Associates Properties, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: CBL & Associates Properties, Inc.
- Ticker: CBL.PRD
- Exchange: NYSE
- Founded: 1978
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$51.516m
- Market Cap: US$49.335m
- Shares outstanding: 201.71m
- Website: https://www.cblproperties.com
Number of Employees
- CBL & Associates Properties, Inc.
- CBL Center
- 2030 Hamilton Place Boulevard
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CBL||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 1993|
|CAZ||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 1993|
|0HQK||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Oct 1993|
|CBL.PRD||NYSE (New York Stock Exchange)||PFD 1/10 SER D||US||USD||Dec 2004|
|CBL.PRE||NYSE (New York Stock Exchange)||6.625 DPRP PFD E||US||USD||Oct 2012|
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s portfolio is comprised of 108 properties totaling 68.2 million square feet across 26 states, including 68 high-quality enclosed, outlet and open-air retail centers and 9 properties managed for third parties. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 03:15|
|End of Day Share Price||2020/06/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.