CBL - CBL & Associates Properties, Inc

NYSE - NYSE Delayed Price. Currency in USD
2.1000
-0.0400 (-1.87%)
At close: 4:02PM EST
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Previous Close2.1400
Open2.1400
Bid2.03 x 41800
Ask2.20 x 41800
Day's Range2.0300 - 2.1600
52 Week Range1.7900 - 6.2600
Volume2,132,932
Avg. Volume2,930,077
Market Cap418.771M
Beta (3Y Monthly)1.98
PE Ratio (TTM)N/A
EPS (TTM)-0.73
Earnings DateFeb 6, 2019 - Feb 11, 2019
Forward Dividend & Yield0.30 (13.04%)
Ex-Dividend Date2018-12-28
1y Target Est2.19
Trade prices are not sourced from all markets
  • Business Wire18 hours ago

    CBL Properties Announces Promotions

    CBL Properties today announced the promotions of Judy Craighead to Vice President – Business Development, Stan Hildebrand to Vice President – Finance Counsel, Joseph Khalili to Vice President – Financial Operations and Administration, and Mary Lynn Morse to Vice President – Marketing.

  • 3 Retail REITs That Are Still in Big Trouble
    InvestorPlace8 days ago

    3 Retail REITs That Are Still in Big Trouble

    These days, the retail sector is a cut-throat bloodbath. The rise and continued growth of online shopping and omnichannel operations have completely changed the game for the sector. A number of once top brands and stores have closed or filed for bankruptcy. That's not only hurt retail stocks but the retail REITs that own malls and power centers.And it's going to get worse before it gets better.During their latest conference call, one of the top mall REITs -- Simon Property Group (NYSE:SPG) -- warned that, "there are some retailers out there that we're nervous about" and that they "are concerned about a few [retail bankruptcies] that should shake out in the first quarter."InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat's scary is that SPG is one of the top mall REITs around and features malls in so-called prime or "A" markets. These places are dominated by high-incomes, steady home prices, and relative economic stability.If Simon is finally starting to get worried, what does that mean for the mall REITs that don't own such prime assets? These REITs are certainly in big trouble as the shift in retail continues. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? But which retail REITs are in a precarious position? Here are 3 that could see declines and issues in the quarters ahead.Source: Shutterstock CBL & Associates (CBL)The recession could have been the first punch to CBL & Associates (NYSE:CBL) that staggered the firm in a big way. After the recession, CBL's portfolio of Class B malls were some of hardest hit and full of the chain stores that were in the first wave of retail causalities. Because of that, the mall REIT was faced with the difficult task of filing plenty of empty store frontage in a terrible environment. Unfortunately, it wasn't able to do that. Its core audience of shoppers has simply migrated to discounters like Target (NYSE:TGT) or online.And that continues to hurt its bottom line.During CBL's last earnings report, rising vacancy rates and retailer bankruptcies managed to reduce overall rents per square foot by 10.8% for all leases signed in 2018. That caused a big $41.8 million year-over-year decline in the amount cash CBL can pull in from its tenants. That's a big deal as that directly translates into a REIT's Funds from Operations (FFO) metric. And you know what FFO translates into? Dividends.With a 19.6% year-over-year decline in FFO, CBL was forced to cut its dividend payout to investors. This is now the second cut in about year.With more bankruptcies, store closures and lower consumer demand predicted, CBL is one retail REIT to avoid.Source: Shutterstock Washington Prime (WPG)Back in 2014, Simon could see the writing on the wall and spun-out some of its open-air shopping plazas and less than desirable malls as Washington Prime (NYSE:WPG). WPG later bought Glimcher Realty Trust 0- an owner of mostly Class B and some Class A properties. The problem is, WPG is still very much exposed to the pending retail apocalypse.As of September -- when WPG last reported earnings -- Sears (OTCMKTS:SHLDQ) was one of Washington Prime's largest tenants. As are Macy's (NYSE:M) and J C Penney (NYSE:JCP). The trio of struggling retailers makes up around 102 different locations in WPG's malls. WPG has been proactive in filling locations when they come up vacant -- Bon-Ton was another large tenant in its system. That's great, but it may not be enough.Moody's estimates that the department store sector will contract by a further 3.5% in 2019, while the overall number of store closings is set to surge -- with mall staples like the Gap (NYSE:GPS), Children's Place (NASDAQ:PLCE) and now bankrupt Gymboree all planning on closing hundreds of locations. This is exactly the kinds of stores that dot WPG's malls and shopping centers. * 5 Entertainment Stocks That Can Weather a Market Storm With rents falling slightly and FFO metrics being flat, Washington Primes management has stubbornly kept its dividend high. While WPG isn't in as bad of a shape as CBL -- thanks to some of its A properties -- I'm not sure I'd want to own it in the current environment. Especially when there are other retail REITs out there worthy of attention.Source: Ser Amantio di Nicolao via Wikimedia Pennsylvania REIT (PEI)Truth be told, Pennsylvania REIT (NYSE:PEI) or PREIT as it's commonly called is in the best shape of the retail REITs on this list. The mall owner got smart after the recession and started to purge its assets of underperforming malls. Those asset sales and closures helped PREIT get back on a great footing, improve sales per square foot and rents. Heck, even Sears isn't a problem as the REIT only holds four Sear's stores in its portfolio.The problem is, PEI is still operating in the economically sensitive A/B property range.Sales per square foot at PEI's locations now run about $500. That's a marked improvement over just a few years ago. However, when looking at some of Simon's top malls, that number is kind of low. Top A malls in SPG's portfolio typically pull in $1,000 to $1,200 sales per square feet. The point is, you're still dealing with a customer at PEI's locations that could be impacted during the next recession.Secondly, PREIT has looked to towards experiences -- such as LEGO Discovery Centers and Dave & Buster's Arcades -- to fill empty anchor stores. If the economy goes bad, these are the first things consumers will cut. With the economy showing signs of cracking, it's easy to see why PEI stock now has a 9%+ dividend yield.All in all, PREIT isn't bad per se, but certainly does have plenty of risk behind it. Investors may be better suited in less risky REITs with lower yields.Disclosure: At the time of writing, Aaron Levitt did not have a position in any of the stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 3 Retail REITs That Are Still in Big Trouble appeared first on InvestorPlace.

  • PREIT's Q4 Earnings Report Was Better Than It Looked
    Motley Fool8 days ago

    PREIT's Q4 Earnings Report Was Better Than It Looked

    The East Coast-focused mall REIT expects a sharp decline in funds from operations this year, but not due to any deterioration in its core business.

  • GlobeNewswire8 days ago

    Factors of Influence in 2019, Key Indicators and Opportunity within Micron Technology, Agilent Technologies, CBL & Associates Properties, Ladder Capital, Control4, and M/I Homes — New Research Emphasizes Economic Growth

    NEW YORK, Feb. 14, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • Thomson Reuters StreetEvents10 days ago

    Edited Transcript of CBL earnings conference call or presentation 8-Feb-19 4:00pm GMT

    Q4 2018 CBL & Associates Properties Inc Earnings Call

  • Business Wire11 days ago

    CBL Properties and Vision Hospitality Group Announce Aloft by Marriott as Part of Hamilton Place Redevelopment in Chattanooga, Tennessee

    CBL Properties (CBL) and Vision Hospitality Group, Inc. today announced plans to develop a 135-room Aloft by Marriott in Chattanooga, Tennessee, as part of the Sears redevelopment project at Hamilton Place. The new hotel marks the brand’s entrance into the Chattanooga market. “We are thrilled to partner with Chattanooga-based Vision Hospitality Group to bring the unique experience of Aloft to Chattanooga as part of the Hamilton Place Sears redevelopment project,” said Stephen Lebovitz, chief executive officer of CBL Properties.

  • CBL & Associates Properties, Inc. (CBL) Q3 Earnings Conference Call Transcript
    Motley Fool14 days ago

    CBL & Associates Properties, Inc. (CBL) Q3 Earnings Conference Call Transcript

    CBL earnings call for the period ending December 31, 2018.

  • CBL & Associates (CBL) Meets Q4 FFO Estimates
    Zacks14 days ago

    CBL & Associates (CBL) Meets Q4 FFO Estimates

    CBL (CBL) delivered FFO and revenue surprises of 0.00% and 0.93%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press14 days ago

    CBL: 4Q Earnings Snapshot

    The Chattanooga, Tennessee-based real estate investment trust said it had funds from operations of $89.4 million, or 45 cents per share, in the period. The average estimate of seven analysts surveyed by ...

  • Business Wire15 days ago

    CBL & Associates Properties Reports Results for Fourth Quarter and Full-Year 2018

    CBL & Associates Properties, Inc. announced results for the fourth quarter and year ended December 31, 2018. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is located at the end of this news release.

  • Business Wire16 days ago

    Hagens Berman: 21-State Class-Action Lawsuit Against CBL for Inflated Electricity Bills Heads to Trial

    A class-action lawsuit filed by Hagens Berman and Buckner+Miles against CBL & Associates for allegedly overcharging its mall tenants for electricity is quickly ramping up to trial, after a federal judge in Florida certified the class of small business tenants, denied CBL’s motion for summary judgment and set the case for an Apr. 1, 2019 trial calendar. The lawsuit states that CBL’s tenants have been victim to a “criminal enterprise” in which CBL knowingly overcharged its mall tenants for electricity by up to 100 percent.

  • Struggling Cary Towne Center sold
    American City Business Journals20 days ago

    Struggling Cary Towne Center sold

    Cary Towne Center has a new owner, ending months of speculation about a potential sale of the struggling shopping center. Two out-of-state real estate firms – Turnbridge Equities and Denali Properties – announced their purchase of the 828,000-square-foot mall in a news release Friday. The acquisition could lead to a new era for the shopping center, which has lost retailers in recent years as foot traffic has declined.

  • Triangle Town Center owners default on loan — again
    American City Business Journals21 days ago

    Triangle Town Center owners default on loan — again

    The beleaguered Triangle Town Center is in financial trouble once again. The mall owners have defaulted on debt tied to the property and are working with the lender on “next steps,” according to CBL & Associates. A large chunk of Triangle Town Center is encumbered by two loans totaling nearly $100 million.

  • Business Wire22 days ago

    CBL Properties Announces Closing of New $1.185 Billion Secured Credit Facility

    New Term Loan and Line of Credit Mature in July 2023

  • Markit24 days ago

    See what the IHS Markit Score report has to say about CBL & Associates Properties Inc.

    # CBL & Associates Properties Inc ### NYSE:CBL View full report here! ## Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is high ## Bearish sentiment Short interest | Negative Short interest is extremely high for CBL with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting CBL. ## Money flow ETF/Index ownership | Negative ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CBL totaled $295 million. Additionally, the rate of outflows appears to be accelerating. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Business Wire28 days ago

    CBL Properties Announces Tax Reporting Information for 2018 Common and Preferred Share Dividends

    CBL Properties today announced tax reporting information for the 2018 distributions on its Common, Series D Preferred and Series E Preferred shares.

  • Hedge Funds Are Buying CBL & Associates Properties, Inc. (CBL)
    Insider Monkey2 months ago

    Hedge Funds Are Buying CBL & Associates Properties, Inc. (CBL)

    You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make a proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund investors like Carl Icahn and […]

  • PR Newswire2 months ago

    CBL Properties Sets Fourth Quarter And Year-End Earnings Release And Conference Call Dates

    CHATTANOOGA, Tenn. , Dec. 10, 2018 /PRNewswire/ -- CBL Properties (NYSE: CBL) announced details for the release of its results for the fourth quarter and full year ending December 31, 2018 . CBL plans ...

  • See what the IHS Markit Score report has to say about CBL & Associates Properties Inc.
    Markit3 months ago

    See what the IHS Markit Score report has to say about CBL & Associates Properties Inc.

    To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Business Wire3 months ago

    CBL Properties Makes Significant Progress on Its Redevelopment Program to Transform Properties into Suburban Town Centers

    CBL Properties (CBL) today announced significant progress on its redevelopment program to transform its properties into suburban town centers through the addition of dynamic new uses. “In 2018, we have executed redevelopments across the portfolio, effectively transforming our properties through the addition of new in-demand uses.

  • Business Wire3 months ago

    CBL Properties to Present at Bank of America Merrill Lynch 2018 Leveraged Finance Conference

    CBL Properties today announced that it will provide an online audio webcast of the presentation given by its Chief Financial Officer, Farzana Khaleel, at the Bank of America Merrill Lynch 2018 Leveraged Finance Conference in Boca Raton, Florida.

  • Business Wire3 months ago

    CBL Properties Celebrates Grand Opening of Round1 Bowling & Amusement at Jefferson Mall in Lousiville, Kentucky

    CBL Properties celebrated the opening of new entertainment anchor, Round1 Bowling & Amusement, at Jefferson Mall in Louisville, Kentucky, on Saturday, November 17th. The opening of Round1 marks the completion of the first phase of the redevelopment of the former Macy’s at Jefferson Mall.

  • Business Wire3 months ago

    CBL Properties Announces Mixed-Use Redevelopment Plans for Hamilton Place in Chattanooga, Tennessee

    CBL Properties (CBL) today announced plans to redevelop the Sears building at Hamilton Place in Chattanooga, Tennessee. As part of the project, Chattanooga will welcome new-to-market entertainment venue Dave & Buster’s, which will feature hundreds of the latest arcade games, state-of-the-art sports viewing, chef-crafted food and innovative cocktails you won’t find anywhere else. “We are thrilled to announce the plans for this comprehensive mixed-use redevelopment at Hamilton Place,” said Stephen Lebovitz, chief executive officer, CBL Properties.