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CBL

CBL Associates PropertiesD
NYSE / Equity Real Estate Investment Trusts (REITs)
Last Price
Quote time unavailable
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Current thesis
The post-earnings bull read is straightforward: May 8 results showed stronger tenant sales, positive leasing spreads, a guidance raise, a dividend increase, and refinancing actions that management says improve annual free cash flow by more than $30 million [#8-K-2026-05-08].
Posture
Defensive
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta +1.5.
What can break
Excluded/repositioning assets remain a drag: the 10-Q lists multiple properties outside the same-center pool where redevelopment, lender negotiations, or potential conveyance can distort reported progress [#10-Q-2026-05-08].
Momentum
73
Value
58
Sentiment
35
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $43.00 · Bull $52.00 · Bear $36.00Analysis 2026-05-16; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-09 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-16 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-09-09

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-09. Definitions

Supporting evidence
What
Grade D · Defensive
Confidence Medium · Net Neutral
Target $66.00
Why
Momentum73 · Δ7d -13.6
Value58 · Δ7d -
Sentiment35 · Δ7d +1.5
So what
Weak posture (Net Neutral). Prioritize risk control and patience.

Confirming evidence

  • • Sentiment remains the lead driver in the composite, 7D delta +1.5.

Contradictions & invalidation

  • • Excluded/repositioning assets remain a drag: the 10-Q lists multiple properties outside the same-center pool where redevelopment, lender negotiations, or potential conveyance can distort reported progress [#10-Q-2026-05-08].
  • • Leverage remains material, with total pro rata debt of roughly $2.58 billion as of March 31, 2026, so the equity story still depends on sustained refinancing access and cash-flow execution [#10-Q-2026-05-08].
  • • The bear read is that Q1 benefited from transaction activity and one-time items around deconsolidation/gains, same-center mall occupancy still slipped to 88.9% from 90.1%, and the company still carries substantial pro rata debt of about $2.58 billion, leaving limited room for execution misses [#10-Q-2026-05-08].

Catalyst clock

2026-06-30

Higher regular dividend supports yield case

Lead driver: Sentiment · See AI snapshot
Momentum
73
9% active weight
Current posture
7d trendImproving
Δ7d
-13.6
Δ21d
-21.4
Value
58
28% active weight
Current posture
7d trendSoftening
Δ7d
-
Δ21d
-
Sentiment
35
62% active weight
Current posture
7d trendImproving
Δ7d
+1.5
Δ21d
+4.3
Why this grade

Composite grade D. Momentum 72.7 / Value 58.2 / Sentiment 35.1

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-05-16. Scenario method

B+
Bull case
25%
Probability
Target price
$52.00
Analysis reference price unavailable
Analysis 2026-05-16 · RankAlpha Sentiment Codex
Most likely
B
Base case
45%
Probability
Target price
$43.00
Analysis reference price unavailable
Analysis 2026-05-16 · RankAlpha Sentiment Codex
B-
Bear case
30%
Probability
Target price
$36.00
Analysis reference price unavailable
Analysis 2026-05-16 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$1.76B
Beta
1.45
Shares Out
30.94M
P/E (TTM)
9.5
P/S (TTM)
2.09
P/FCF (TTM)
13.06
Rev YoY
+4.0%
EPS YoY
+1655.9%
Gross Margin
+38.8%
Op Margin
+27.5%
Net Debt
$2.1B
Current Ratio
0.68
As of 2026-09-09 • Updated nightlySource: Internal modelMethods & Data