📊 CBL Key Takeaways
Investment Thesis
CBL exhibits concerning financial distress with an interest coverage ratio of 0.9x, indicating inability to service debt from operating income. The massive 3460.8% YoY revenue spike is likely a one-time accounting event rather than organic growth, and the 5.79x debt-to-equity ratio represents unsustainable leverage for a REIT with only $42.3M in cash reserves against $2.2B in long-term debt.
CBL Strengths
- Strong operating cash flow generation at $249.7M with 43.2% FCF margin
- Elevated net margin of 23.5% and operating margin of 17.4%
- Positive net income of $136.0M demonstrating profitability on paper
CBL Risks
- Critical debt servicing crisis: 0.9x interest coverage ratio means operating income cannot cover interest expenses
- Extreme leverage at 5.79x debt-to-equity with only $42.3M cash for $2.2B debt obligations
- Suspicious revenue metrics: 3460.8% YoY spike suggests one-time gain or accounting adjustment rather than sustainable business growth
- Minimal liquidity with current/quick ratios unavailable, indicating potential working capital constraints
- High insider trading activity (21 Form 4 filings in 90 days) may signal management uncertainty
Key Metrics to Watch
- Interest coverage ratio trending - must improve above 1.5x for sustainability
- Debt reduction progress and refinancing capability
- Cash flow sustainability excluding one-time revenue items
- Operating income stability and tenant lease renewal rates
- Debt-to-equity trajectory and covenant compliance
CBL Financial Metrics
💡 AI Analyst Insight
The 43.2% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
CBL Profitability Ratios
CBL vs Default Sector
How CBL & ASSOCIATES PROPERTIES INC compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CBL Balance Sheet & Liquidity
CBL 5-Year Financial Trend
5-Year Trend Summary: CBL & ASSOCIATES PROPERTIES INC's revenue has declined by 25% over the 5-year period, indicating business contraction. The most recent EPS of $0.17 reflects profitable operations.
CBL Growth Metrics (YoY)
CBL Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $4.0M | $16.2M | $0.52 |
| Q2 2025 | $3.9M | $2.8M | $0.08 |
| Q1 2025 | $3.6M | $50.0K | $-0.01 |
| Q3 2024 | $4.0M | -$5.3M | $-0.19 |
| Q2 2024 | $4.3M | $4.7M | $0.14 |
| Q1 2024 | $4.6M | $50.0K | $-0.01 |
| Q3 2023 | $4.0M | -$5.3M | $-0.19 |
| Q2 2023 | $4.3M | -$18.5M | $-0.61 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CBL Capital Allocation
CBL SEC Filings
Access official SEC EDGAR filings for CBL & ASSOCIATES PROPERTIES INC (CIK: 0000910612)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CBL
What is the AI rating for CBL?
CBL & ASSOCIATES PROPERTIES INC (CBL) has an AI rating of SELL with 75% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CBL's key strengths?
Strong operating cash flow generation at $249.7M with 43.2% FCF margin. Elevated net margin of 23.5% and operating margin of 17.4%.
What are the risks of investing in CBL?
Critical debt servicing crisis: 0.9x interest coverage ratio means operating income cannot cover interest expenses. Extreme leverage at 5.79x debt-to-equity with only $42.3M cash for $2.2B debt obligations.
What is CBL's revenue and growth?
CBL & ASSOCIATES PROPERTIES INC reported revenue of $578.4M.
Does CBL pay dividends?
CBL & ASSOCIATES PROPERTIES INC pays dividends, with $77.1M distributed to shareholders in the trailing twelve months.
Where can I find CBL SEC filings?
Official SEC filings for CBL & ASSOCIATES PROPERTIES INC (CIK: 0000910612) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CBL's EPS?
CBL & ASSOCIATES PROPERTIES INC has a diluted EPS of $4.34.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.