|Bid||4.42 x 2900|
|Ask||4.43 x 3100|
|Day's Range||4.27 - 4.44|
|52 Week Range||3.80 - 9.10|
|PE Ratio (TTM)||17.75|
|Forward Dividend & Yield||0.80 (17.94%)|
|1y Target Est||N/A|
REITs that own low-quality malls have seen their stock prices sag in recent years. But one retail REIT is in the midst of dramatically upgrading its portfolio, which could drive big gains for investors in the next few years.
CBL (CBL) delivered earnings and revenue surprises of 9.52% and 4.71%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
CHATTANOOGA, Tenn. (AP) _ CBL & Associates Properties Inc. (CBL) on Wednesday reported a key measure of profitability in its second quarter. The results beat Wall Street expectations. The Chattanooga, Tennessee-based real estate investment trust said it had funds from operations of $80.2 million, or 46 cents per share, in the period.
The popularity of real estate investment trusts (REITs) hinges heavily on dividends. Equity (meaning non-mortgage) REITs pay on average of 4.1% in dividends, vs. 1.8% for the S&P 500. Tax rules tend to boost dividend payments for these real estate stocks. If REITs agree to pay out at least 90% of their income in dividends, certain types of income receive an exemption from federal income tax. While such a rule can lead to constant fluctuation in payout amounts, investors often willingly accept this condition in exchange for the higher dividend.
CBL Properties' (CBL) redevelopment efforts aimed at diversification of properties, as well as battling mall traffics blues, which have brought in bad news for retail REITs, for the past several quarters.
Investors need to pay close attention to CBL & Associates (CBL) stock based on the movements in the options market lately.
Real estate stocks have definitely gotten volatile lately. There are some particularly risky real estate stocks to take a second look at.
West County Center, located in Des Peres, will expand two of its retailers and add several others, all opening this summer or fall. In addition to the new retail stores, West County Center also said Copia Wine Bar will open this fall in the space previously occupied by The Elephant Bar. The 7,600-square-foot space will mimic the flagship’s downtown St. Louis location, according to owner Amer Hawatmeh.
It's been about a year to-the-day since Swedish furniture giant Ikea announced plans to open a store at Cary Towne Center. Now, the town says the retailer is no longer coming.
CBL Properties (CBL) redevelops Jefferson Mall by adding an entertainment section to boost the mall traffic amid choppy retail real investment environment.
The real estate sector performs relatively in-line with the wider economy. Prosperous periods bring about high growth and inflation, leading to strong returns in real estate investments. Currently, CBL &Read More...