CBL & Associates Properties, Inc. (CBL) Stock

CBL & Associates Properties, Inc. (CBL) is a Real Estate stock trading at $55.37 (as of 2026-08-21), with a market capitalization of $1.71B and a trailing P/E of 7.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

CBL & Associates Properties, Inc. owns and manages retail properties, operating a portfolio across multiple states. The portfolio includes enclosed, outlet, and open-air retail centers and also includes properties managed for third parties, serving tenants through leasing and property management activities.

Understand CBL & Associates Properties, Inc.: how it makes money

CBL & Associates Properties owns and manages a national portfolio of retail properties, earning most of its revenue from rental revenue tied to leasing and property occupancy.

CBL's profit engine is its ability to keep same-center occupancy high and continue leasing, because rental revenue is the dominant revenue driver and is closely linked to occupancy and tenant activity.

Business quality (Strong): Good operating datapoints are available for occupancy and leasing activity, but segment details and profitability metrics (gross or operating margins) are not provided in the supplied facts.

Valuation: At 9× earnings, CBL trades 73% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Portfolio occupancy is strong: Same-Center Occupancy for Malls, Lifestyle Centers and Outlet Centers is 88.3% (2026-03-31 quarter).
  • Leasing activity is ongoing: Leases Executed (Comparable New and Renewal) is 759,000 (count), and Comparable New and Renewal Leases Signed Square Feet is 435,000 (count).

Bear case

  • Tenant sales momentum looks weaker: Same-Center Tenant Sales per Square Foot Decline is 4.8% (percent), which can pressure leasing economics over time.
  • The dataset does not show profitability cushion: No gross margin or operating margin is provided, and revenue is shown as about 0.1B, limiting visibility into how well occupancy and leasing translate into earnings.
Valuation — source: SEC EDGAR (first-party)
Price$55.37
Market Cap$1.71B
P/E Ratio7.9
Price / Book4.06
Price / Sales2.91
DCF Value (model)$177.58
DCF Upside vs Price220.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$578.37M
Net Margin23.5%
Revenue Growth (YoY)4.0%
EPS Growth (YoY)1775.0%
Valuation vs Sector & Industry
Stock P/E7.9
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector-71.0%
vs Industry-77.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderCANYON CAPITAL ADVISORS LLC ($325.36M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryTrading
CEOStephen D. Lebovitz
Employees390
CountryUS
IPO Date2021-11-02

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CBL earnings history · CBL institutional & insider holders · CBL KPIs & operating metrics · CBL financials · CBL investor presentations & press releases · CBL SEC filings · CBL peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.