Stocks · Real Estate · REIT - Retail
CBL & Associates Properties, Inc. CBL
$54.70 +0.61% Close, Oct 2, 2026 · NYSE · Market cap $1.69B
Strong trendInexpensive vs sector
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $6.89, up 229.1% year over year.
- At 7.9× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- Operating margin widened to 33.7% from 23.9% a year earlier.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 42%
- EPS growth (TTM, YoY)Top 8%
- FCF growth (TTM, YoY)Top 22%
- Revenue growth, 3-year CAGRBottom 22%
- Revenue growth accelerationBottom 26%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 22%
- Gross marginBottom 31%
- Operating marginTop 36%
- Cash conversion (OCF / net income)Bottom 35%
- Accruals (lower is better)Bottom 40%
- Net debt / EBITDA (lower is better)Top 15%
- Interest coverBottom 44%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 10%
- Free-cash-flow yieldTop 14%
- EBITDA / enterprise valueTop 3%
- Sales / enterprise valueTop 28%
- P/E vs own 5-year history (lower is better)Top 9%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 1%
- 6-month returnTop 4%
- 1-year return vs S&P 500Top 1%
- Distance from 52-week highTop 8%
- Trend checklist (0–4)Top 8%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 6%
- Consecutive EPS beatsTop 32%
- Share of analysts rating BuyBottom 2%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 42%
- Maximum drawdown, 3 yearsTop 40%
- Beta vs S&P 500 (lower is better)Bottom 35%
- Net debt / EBITDA (lower is better)Top 15%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 10.3% | 9.0% | ↓ |
| EPS growth (YoY) | 156.0% | 229.1% | ↑ |
| Gross margin | 8.9% | 24.9% | ↑ |
| Operating margin | 23.9% | 33.7% | ↑ |
| FCF margin | 38.4% | 48.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 9.0% | 10.3% | ↓ | Top 42% |
| EPS growth (TTM, YoY) | 229.1% | 156.0% | ↑ | Top 8% |
| Gross margin | 24.9% | 8.9% | ↑ | Bottom 31% |
| Operating margin | 33.7% | 23.9% | ↑ | Top 36% |
| Net margin | 36.8% | 12.2% | ↑ | — |
| Free-cash-flow margin | 48.1% | 38.4% | ↑ | — |
| Return on invested capital | 8.1% | — | Top 22% | |
| Revenue growth, 3-year CAGR | 0.9% | — | Bottom 22% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.31×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +8.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 3.34×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.92%
- Net buyback yield (TTM)
- 1.15%
- Shareholder yield
- 5.07%
- Share count change, 1 year
- +0.6%
- Share count change, 3-year CAGR
- -0.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 7, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 6 of 7
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- +0.6%
- Positive 20 days after report
- 6 of 8
Analysts
- Analysts with a rating
- 23
- Share rating Buy or Strong Buy
- 9%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | — | -4.2% | +0.8% | -3.8% | — |
| May 8, 2026 | — | +7.7% | +5.2% | +10.2% | +28.7% |
| Feb 13, 2026 | +358.8% | -3.6% | +5.1% | +1.5% | +27.6% |
| Nov 6, 2025 | +1600.0% | +2.3% | +6.6% | +15.8% | +18.0% |
| Aug 6, 2025 | -42.9% | +0.0% | +6.2% | +12.2% | +5.3% |
| May 5, 2025 | +68.8% | -1.4% | -0.6% | +2.3% | +11.5% |
| Feb 14, 2025 | +238.9% | +3.4% | -2.0% | -14.6% | -20.2% |
| Nov 11, 2024 | — | +0.6% | -1.2% | +13.2% | +11.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $1.47 | — | — | $142.0M |
| May 8, 2026 | $1.48 | — | — | $146.0M |
| Feb 13, 2026 | $1.56 | $0.34 | +358.8% | $150.4M |
| Nov 6, 2025 | $2.38 | $0.14 | +1600.0% | $139.3M |
| Aug 6, 2025 | $0.08 | $0.14 | -42.9% | $140.9M |
| May 5, 2025 | $0.27 | $0.16 | +68.8% | $141.8M |
| Feb 14, 2025 | $1.22 | $0.36 | +238.9% | $131.7M |
| Nov 11, 2024 | $0.52 | — | — | $125.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 7.9× | 13.4× | 0th | Top 10% |
| P/E (forward) | 16.9× | — | — | — |
| EV / EBITDA | 6.3× | — | — | Top 3% |
| EV / Sales | 6.16× | — | — | Top 28% |
| Free-cash-flow yield | 16.71% | — | — | Top 14% |
| Earnings yield | 12.60% | — | — | Top 10% |
P/E over the past five years
Range 8.2× – 201.4× since Dec 31, 2023. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +78.4%
- Earnings per share growth (TTM)
- +229.1%
- Change in P/E multiple
- -38.5%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 293
- 50-day average slope (20 days)
- +0.1%
- 200-day average slope (20 days)
- +4.5%
- Distance from 50-day average
- -1.4%
- Distance from 200-day average
- +19.2%
- RSI (14)
- 54.1
- Relative volume
- 0.61×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 25.3%
- Volatility vs own 5-year history
- 41th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.69
- Correlation with S&P 500
- 0.34
- Current drawdown from 1-year high
- -8.9%
- Maximum drawdown, 3 years
- -32.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 1, 2022 | Oct 27, 2023 | -39.4% | 395 days | 522 days (Nov 26, 2025) |
| Nov 5, 2021 | Mar 8, 2022 | -18.7% | 83 days | 14 days (Mar 28, 2022) |
| Jul 28, 2026 | Sep 25, 2026 | -13.6% | 42 days | Not yet recovered |
| Dec 18, 2025 | Jan 28, 2026 | -10.6% | 26 days | 16 days (Feb 20, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $1.69B
- P/E (TTM)
- 7.9
- EPS, diluted (TTM)
- $6.89
- Revenue (TTM)
- $588.1M
- Dividend yield
- 4.25%
- 52-week range
- $28.04 – $60.40
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $576.9M | $563.0M | $535.3M | $515.6M | $578.4M |
| Gross profit | -$27.7M | -$141.3M | -$32.9M | $59.2M | $43.7M |
| Operating income | $127.3M | $46.9M | $93.4M | $132.3M | $139.8M |
| Net income | -$622.2M | -$93.5M | $6.5M | $59.0M | $136.0M |
| EPS (diluted) | -$29.95 | -$3.20 | $0.17 | $1.87 | $4.34 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $125.1M | $131.7M | $141.8M | $140.9M | $139.3M | $156.4M | $146.0M | $146.5M |
| Net income | $16.2M | $38.0M | $8.8M | $2.8M | $75.4M | $49.0M | $46.5M | $45.5M |
| EPS (diluted) | $0.52 | $1.22 | $0.27 | $0.08 | $2.38 | $1.56 | $1.48 | $1.47 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $38.8M | $208.2M | $183.5M | $202.2M | $249.7M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | $38.8M | $208.2M | $183.5M | $202.2M | $249.7M |
| Dividends paid | $0 | -$23.9M | -$118.1M | -$50.4M | -$77.1M |
| Net share buybacks | $0 | $0 | -$1.1M | -$36.5M | -$18.1M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $302.4M
- Total assets
- $2.64B
- Total liabilities
- $2.21B
- Total debt
- $2.03B
- Net debt
- $1.93B
- Shareholders’ equity
- $427.4M
As of Jun 30, 2026 (filed Aug 7, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 15, 2026 | $0.63 | Sep 30, 2026 |
| Jun 12, 2026 | $0.63 | Jun 30, 2026 |
| Apr 10, 2026 | $0.18 | Apr 17, 2026 |
| Mar 17, 2026 | $0.45 | Mar 31, 2026 |
| Nov 25, 2025 | $0.45 | Dec 11, 2025 |
| Sep 15, 2025 | $0.45 | Sep 30, 2025 |
| Jun 13, 2025 | $0.40 | Jun 30, 2025 |
| Mar 13, 2025 | $1.20 | Mar 31, 2025 |
Short interest
- Shares sold short
- 1,076,622
- Days to cover
- 4.52
- Change vs previous report
- +3.2%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jun 16, 2005
- 2-for-1