|Bid||12.7400 x 800|
|Ask||12.8100 x 800|
|Day's Range||12.73 - 12.83|
|52 Week Range||9.04 - 17.94|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.66 (13.07%)|
|1y Target Est||N/A|
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.
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.
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.
# 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 firstname.lastname@example.org. 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.
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