Added to YB: 2025-07-25
Pitch date: 2025-07-23
CBL [bullish]
CBL & Associates Properties, Inc.
+119.34%
current return
Author Info
Cluseau Research seeks to exploit these two edges by identifying special situations that provide a compelling risk-to-reward that are “off limits” to traditional Institutional Investors. Sign up for the newsletter.
Company Info
CBL & Associates Properties, Inc. is headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.
Market Cap
$1.8B
Pitch Price
$25.99
Price Target
N/A
Dividend
4.70%
EV/EBITDA
9.17
P/E
8.22
EV/Sales
6.27
Sector
Retail REITs
Category
special_situation
An update on CBL & Associates Properties, Inc. ($CBL)
CBL: Sold Promenade for $83M (2.8x book value) generating $49M gain. Expect $1.50/share special dividend + regular divs + buybacks = $4.70/share return (15%). Non-recourse debt on property level limits downside. Cross Creek refinanced 8.19% to 6.85%, pushing maturity to 2030. Trading at 4.5x FFO with $11/share cash. Bulls need continued debt paydown; shorts need CMBS market freeze, retail collapse, no rate cuts.
Read full article (4 min)