CBL & Associates Properties Inc
CBL & Associates Properties Inc (CBL) is listed on NYSE and classified in REIT - Retail, part of the Real Estate sector. It is headquartered in Chattanooga, United States and has 408 employees. The company is worth $1.54B and trades at 7.2x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $578.37M in fiscal 2025, up 12.2% from the year before. Net income was $135.97M. The share price is 17.5% below its 52-week high of $60.40. It pays a dividend yielding 5.02%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $19.42M. In that quarter, 4 of them opened or added to the position. Over the last 30 days, company insiders sold $68.59M of its stock on the open market and bought none.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +59.7% over 5Y.
This stock has less than 5 years of price history — the answer would measure a shorter period than the one asked for.
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $37.00 | $29.41 | $24.42 | $23.08 | |
| P/E | 15.7x | 8.5x | 15.7x | 143.6x | — |
| P/S | 1.6x | 2.0x | 1.8x | 1.5x | 1.3x |
| P/B | 2.6x | 3.1x | 2.8x | 2.3x | 2.0x |
| EPS | $4.34 | $1.87 | $0.17 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 5.0% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| EFCEllington Financial Inc. | $11.65 | 7.2x | 0.9x | 13.39% | 12.25% | $1.53B |
| ESRTEmpire State Realty Trust, Inc. | $4.93 | 246.5x | 0.8x | 2.84% | 0.52% | $1.51B |
| BXDCBlackstone Digital Infrastructure Trust Inc. | $15.64 | — | 0.8x | 0.00% | — | $1.57B |
| IIPRInnovative Industrial Properties Inc |
| -$3.20 |
| Dividend yield | 6.45% | 6.76% | 5.44% | 6.14% | 12.78% |
| Payout | 85.56% | 57.60% | 85.56% | 882.35% | — |
| Profit margin | 6.33% | 23.51% | 11.44% | 1.22% | -16.60% |
| ROE | 10.08% | 36.26% | 18.23% | 1.93% | -25.23% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 0.0% a year against a 11.1% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 2 families.
Room for errors in the reported numbers.
+58.3% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $54.56 |
| 11.9x |
| 0.9x |
| 13.93% |
| 7.38% |
| $1.5B |
| MPTMedical Properties Trust Inc | $2.71 | — | 0.4x | 13.28% | -0.62% | $1.62B |
| AATAmerican Assets Trust, Inc. | $21.29 | 71.0x | 1.2x | 6.39% | 2.16% | $1.65B |