The Bull Case For CBL & Associates Properties (CBL) Could Change Following New Buyback And Refinancing Moves

• Earlier in 2025, CBL & Associates Properties announced a new US$25 million stock repurchase program through November 2026 and closed nearly US$158 million in financing across three transactions, including a lower-rate US$43 million loan used to retire existing debt.
• These moves highlight the company’s focus on capital allocation and refinancing to potentially strengthen its balance sheet and operational flexibility.
• Next, we’ll examine how the new US$25 million buyback program could influence CBL & Associates Properties’ broader investment narrative.

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What Is CBL & Associates Properties' Investment Narrative?

To own CBL & Associates Properties, you have to believe in a recovery-and-repositioning story for regional malls, backed by disciplined capital management. The new US$25 million buyback and nearly US$158 million of fresh financing sit squarely in that narrative: they signal management’s willingness to return cash to shareholders while reshaping the debt stack after a year of very large one-off gains and fast earnings growth. In the near term, key catalysts still rest on sustaining underlying net operating income and keeping occupancy and rents resilient, but the lower-rate US$43 million refinancing and the share repurchase plan could modestly improve per-share metrics and investor confidence if executed carefully. The biggest risk is that high leverage and interest cover constraints leave CBL more exposed if cash flows soften or capital markets tighten.

But there is a balance sheet risk here that investors should not ignore. CBL & Associates Properties' shares have been on the rise but are still potentially undervalued by 39%. Find out what it's worth.

Exploring Other Perspectives

The Simply Wall St Community’s single US$45 fair value estimate contrasts with recent price strength, while high leverage and interest coverage concerns could still limit how much capital CBL can put back into growth.

Explore another fair value estimate on CBL & Associates Properties - why the stock might be worth just $45.00!

Build Your Own CBL & Associates Properties Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your CBL & Associates Properties research is our analysis highlighting 3 key rewards and 4 important warning signs that could impact your investment decision.
• Our free CBL & Associates Properties research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate CBL & Associates Properties' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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