CBL & Associates Properties, Inc. (CBL) Company Bio
CBL & Associates owns and operates a portfolio of properties, consisting of enclosed malls and open-air centers. The company was founded in 1978 and is based in Chattanooga, Tennessee.
CBL Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for CBL, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Cbl & Associates Properties Inc ranked in the 81th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Cbl & Associates Properties Inc, consider:
In the past 5.82 years, Cbl & Associates Properties Inc has a compound free cash flow growth rate of -0.1%; that's higher than only 21.17% of free cash flow generating stocks in the Real Estate sector.
1% of the company's capital comes from equity, which is greater than only 0.57% of stocks in our cash flow based forecasting set.
Cbl & Associates Properties Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 0.05. This coverage rate is greater than that of only 23.48% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
MAA, UE, CORR, WHLR, and CHCT can be thought of as valuation peers to CBL, in the sense that they are in the Real Estate sector and have a similar price forecast based on DCF valuation.
CBL & Associates (CBL) enters into forbearance agreements on its credit agreement and with holders of more than 50% of its operating partnership's 5.25% senior unsecured notes due 2023.The notes forbearance applies to the default resulting from the nonpayment of the $11.8M interest payment that was due and payable on...
As the world reopens, traffic at malls and outlet centers appears to be coming back strongly. This is a global phenomenon and, fingers crossed, this trend is poised to continue. Companies like Simon Property Group (SPG), Macerich (MAC), Brookfield Property (BPY) and Tanger Outlet (SKT) stand to benefit. The information...
Moody's Investors Service, ("Moody's") has affirmed the ratings on seven classes and downgraded the ratings on five classes in UBS-Barclays Commercial Mortgage Trust 2012-C2, Commercial Mortgage Pass-Through Certificates, Series 2012-C2. The ratings on four P&I classes, Cl. D, Cl. E, Cl. F and Cl. G, were downgraded due to higher anticipated losses as a result of the decline in pool performance, particularly in relation to three regional malls, Louis Joliet Mall (9.6% of the pool), Crystal Mall (9.6% of the pool) and Pierre Bossier Mall (4.7% of the pool).
How CBL's Journey To The Brink Lays Bare The Risks To Malls Tyler Durden Mon, 06/29/2020 - 17:08 Authored by Ben Unglesbee of Retail Dive, On March 9, CBL & Associates Properties filed its annual report with the SEC that included a word that wasn't there the year before: "pandemic." It was included on a list of factors beyond the company's control that could affect shopping at the malls it operates and owns. In a bullet point, CBL said that pandemic outbreaks, or the threat of, could "cause customers of our tenants to avoid public places where large crowds are in attendance." The week after that language appeared in a regulatory filing, retailers began rushing to close their stores en masse as it became apparent that the COVID-19 pandemic was making its way through the U.S. with deadly ...