Professional
Added to YB: 2025-01-27
Pitch date: 2025-01-24
CBL [bullish]
CBL & Associates Properties, Inc.
+86.33%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. 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
$24.99
Price Target
45.00 (-3%)
Dividend
5.46%
EV/EBITDA
8.80
P/E
8.26
EV/Sales
5.77
Sector
Retail REITs
Category
value
Alluvial Capital Management New Position: CBL & Associates Properties, Inc.
CBL: Mall operator post-bankruptcy. 87 properties, $9/share cash, unencumbered properties worth $15/share. $40-45 value vs $28 price. Low downside risk. Steady NOI, rising occupancy. Challenges remain but cash flow, debt reduction, reinvestment, and capital return driving value. $24/share floor before encumbered properties.
Read full article (2 min)