CBL & Associates Properties, Inc. (CBL)
NYSEReal EstateReit - RetailSnapshot 2026-09-04
$54.98+0.11%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - RetailSnapshot 2026-09-04
QuarterlyIQ Insights · CBL
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -39.6% |
| Our one-year growth estimate | diamond | -0.8% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 38.7 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 22 industry peers · Company calendar date is not available
CBL — capital allocation — Creation of a Direct Financial Obligation or an Obligation under an Off-Balan…
Dated 2026-04-02
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On March 27, 2026, CBL & Associates Limited Partnership (the "Operating Partnership"), the majority owned subsidiary of CBL & Associates Properties, Inc. (the "REIT") (the REIT and the Operating Partnership are collectively referred to as the “Company”), as limited guarantor and certain of its subsidiaries, as borrowers, entered into a $176 million floating ‑ rate, non ‑ recourse…
Why it matters: More refinancing can improve financial options and help growth plans.
Supportive ifNew refinancing deals are announced. They extend maturities and improve cash flow.
Worry ifNo new refinancing deals are announced in the next quarter.
Why it matters: A slowdown in same-center NOI growth may show weaker leasing. This can affect future plans.
Worry ifQ3 same-center NOI growth prints below 1.5% year over year.
Less concerning ifSame-center NOI growth exceeds 1.5% year over year.
Why it matters: If sector revenue growth speeds up, it could benefit CBL's performance. This is important for overall market health.
Watch forSector revenue growth speeds up again. It is back above 4%.
Also watch forSector revenue growth keeps slowing down. It is now below 4%.
Why it matters: Refinancing can improve cash flow and reduce risk. Lack of activity may signal financial strain.
Supportive ifLook for news about new debt refinancing or changes.
Worry ifNo news about refinancing or changes in debt.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$100 on $10,000 · ±1.0% | How much price usually moves either way. |
| Bad day | $293 loss on $10,000 · 2.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,231 loss on $10,000 · 12.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Successful refinancing helps CBL with cash flow and financial options.
Supportive ifManagement says debt is down by over $30 million from refinancing.
Worry ifNo major debt reduction happens from refinancing in the next quarter.
Why it matters: Updates on debt refinancing show how well CBL is managing its financial health. This is important for future growth.
Supportive ifManagement announces more successful refinancing of debt. This is beyond the $634 million term loan.
Worry ifNo updates on refinancing or news of increased debt levels.
Why it matters: Reducing debt helps with cash flow and keeps finances healthy.
Supportive ifThey announced more debt reduction over $20 million.
Worry ifNo announcements of debt reduction or increase in overall debt.
Why it matters: A drop in FFO per share below $1.89 would suggest weakening earnings performance.
Worry ifFFO per share for Q3 2026 reported below $1.89.
Less concerning ifFFO per share for Q3 2026 exceeds $1.89.
Why it matters: Keeping the dividend shows trust in cash flow and financial health. This can help share price.
Supportive ifThe Board announces a dividend of $0.625 per share for Q3.
Worry ifThe dividend is cut below $0.625 per share for Q3.
Why it matters: Positive net income shows that CBL is on track with its financial goals. This is crucial for investor confidence.
Supportive ifNet income for Q2 remains above $2.8 million.
Worry ifNet income drops below $2.8 million.
Why it matters: If revenue growth speeds up, it could signal a positive shift in the real estate sector. This would be important as the sector has been slowing down.
Supportive ifRevenue growth exceeds 7% year over year in the next earnings report.
Worry ifRevenue growth remains below 5% year over year.
Why it matters: Earnings results will show how well CBL is doing financially and in operations.
Watch forQ2 earnings show net income growth exceeding 15% year over year.
Also watch forQ2 earnings show net income growth below 5% year over year.
Why it matters: A drop in occupancy would indicate challenges in leasing and could hurt revenue.
Worry ifPortfolio occupancy rate reported below 90% at the end of Q3 2026.
Less concerning ifPortfolio occupancy rate remains at or above 90% at the end of Q3 2026.
Why it matters: A drop below this level may signal weakening demand at CBL's properties. It could affect future revenue.
Worry ifSame-center tenant sales per square foot were above $430.
Less concerning ifSame-center tenant sales per square foot were below $430.
Why it matters: Increasing dividends shows confidence in cash flow. A cut could signal financial trouble.
Supportive ifDividend announcement above $0.625 per share for Q4 2026.
Worry ifDividend announcement below $0.625 per share for Q4 2026.
Why it matters: Leasing activity shows demand for CBL's properties. Less activity may mean market weakness.
Worry ifLeasing activity in Q3 below 600,000 square feet.
Less concerning ifLeasing activity in Q3 at or above 600,000 square feet.