CBL & Associates Properties (CBL)

Real Estate · REIT - Retail
$48.51 -1.48% on the day Market cap $1.5B 52-week range $28.03 to $60.40 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

CBL & Associates Properties's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

B

Five factors scored 1 to 9 from CBL's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation7
Profitability8
Growth6
Financial health1

Results from SEC filings

Fiscal years, from CBL & Associates Properties's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20202022202320242025
Revenue$576M$563M$535M$516M$578M
Net income-$295M-$93M$7M$59M$136M
Free cash flow$91M$165M$141M——
EPS (diluted)-$1.75-$3.20$0.17$1.87$4.34
Operating margin-19.2%8.3%17.9%25.5%23.6%

Where the revenue comes from

Revenue by segments, fiscal 2025. Every breakdown, year by year.

Malls$478M83%
Open-Air Centers$65M11%
Outlet Centers$35M6%

Superinvestors who own CBL

From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Added $19M0.01%Q2 2026
Jay Petschek
Corsair Capital Management
Trimmed $1M0.18%Q2 2026

Insider buying

Open-market purchases by CBL & Associates Properties's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

DateInsiderSharesPriceValue
Nov 17, 2025 Michael A Torres
4,000$31.84$127,360

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are CBL & Associates Properties insiders buying the stock?

1 open-market insider purchase of CBL in the last 12 months, from SEC Form 4 filings.

Which superinvestors own CBL & Associates Properties?

2 of the superinvestors Investingly tracks hold CBL in their latest 13F, including Cliff Asness, Jay Petschek.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.