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CBL & ASSOCIATES PROPERTIES INC CBL

NYSE · reit · Real Estate Investment Trusts · website · IPO 1993-10-28 · LEI

CBL & ASSOCIATES PROPERTIES INC statistics & valuation

Market cap$1.6B
P / E12.1×
P / S2.9×
P / B4.4×
Dividend yield4.68%
Net margin23.5%
Return on equity36.3%
Net debt$2.1B
Enterprise value USD$3.8B
Graham number -39.5%$34.45

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($34.45); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.80% 16.80% 13.00% -9.20% -14.20% -51.20% -16.60% 1.20% 11.40% 23.50% 2015201620172018201920202022202320242025
Gross margin (%)
2015201620172018201920202022202320242025
Operating margin (%)
26.30% 24.70% 25.10% 2015201620172018201920202022202320242025
Return on equity (%)
7.40% 12.90% 9.80% -7.60% -12.60% -55.20% -25.20% 1.90% 18.20% 36.30% 2015201620172018201920202022202320242025
Shares outstanding
170.5M 170.8M 171.1M 172.7M 174.1M 196.6M 31.8M 32.0M 31.0M 30.8M 2015201620172018201920202022202320242025
Net debt ($)
$4.67B $4.45B $4.20B $4.02B $3.49B $1.12B $1.96B $1.85B $2.17B $2.13B 2015201620172018201920202022202320242025
Share buybacks ($)
2015201620172018201920202022202320242025
Return on assets (%)
1.60% 2.80% 2.10% -1.50% -2.40% -6.60% -3.50% 0.30% 2.10% 5.00% 2015201620172018201920202022202320242025
Free cash flow margin (%)
2015201620172018201920202022202320242025
Debt / equity (×)
3.37× 3.33× 3.42× 3.92× 4.09× 2.22× 5.40× 5.57× 6.84× 5.79× 2015201620172018201920202022202320242025
EPS ($)
$0.34 $0.75 $0.44 -$1.75 -$3.20 $0.17 $1.87 $4.34 2015201620172018201920202022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2020FY2019FY2018FY2017FY2016FY2015
Operating margin———————25.1%24.7%26.3%
Net margin23.5%11.4%1.2%-16.6%-51.2%-14.2%-9.2%13.0%16.8%9.8%
Return on assets5.0%2.1%0.3%-3.5%-6.6%-2.4%-1.5%2.1%2.8%1.6%
Return on equity36.3%18.2%1.9%-25.2%-55.2%-12.6%-7.6%9.8%12.9%7.4%
Debt / equity5.79×6.84×5.57×5.40×2.22×4.09×3.92×3.42×3.33×3.37×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.