Added to YB: 2026-03-19
Pitch date: 2026-03-17
CBL [bullish]
CBL & Associates Properties, Inc.
+20.29%
current return
Author Info
Cheap Securities writes about small and undervalued stocks. Sign up for the newsletter.
Company Info
CBL & Associates Properties, Inc. owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.
Market Cap
$1.4B
Pitch Price
$37.43
Price Target
44.00 (-2%)
Dividend
3.99%
EV/EBITDA
9.43
P/E
10.39
EV/Sales
6.08
Sector
Retail REITs
Category
value
Global Dental Labs and US Malls - CBL & Associates Properties, Inc.
CBL: Mall REIT at 5.8x P/FFO w/ 4.76% yield & 30% insider ownership. Refinanced $634M 2027 term loan into non-recourse debt maturing 2031, slashing principal amortization from $90-95M to $58-63M annually. Adds $28M discretionary FCF (+42%) after $4M interest cost. Returned $93M ($3.10/share) in 2025 via dividends & buybacks on $66M DCF; 2026 DCF ~$94M. Trades at massive discount to peers despite eliminating 2027 'debt wall' bear case. Target $44 (6-7x FFO).
Read full article (3 min)