CBL Properties reports Q1 results
Seeking Alpha News (Fri, 10-May 8:07 AM ET)
CBL Properties Reports Strong Results for First Quarter 2024
Business Wire (Fri, 10-May 8:00 AM ET)
CBL Properties declares $0.40 dividend
Seeking Alpha News (Thu, 9-May 8:53 AM ET)
CBL Properties Declares Second Quarter Common Stock Dividend
Business Wire (Wed, 8-May 4:15 PM ET)
CBL Properties and MINISO Partner to Expand Its U.S. Presence to Thirteen CBL Malls
Business Wire (Thu, 21-Mar 10:00 AM ET)
CBL Properties Partners With Adeptmind to Launch "Inventory Insider"
Business Wire (Wed, 14-Feb 10:00 AM ET)
CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, outlet centers, lifestyle centers, open-air centers and other properties. CBL's sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.
CBL & Associates Properties trades on the NYSE stock market under the symbol CBL.
As of May 13, 2024, CBL stock price declined to $21.90 with 48,139 million shares trading.
CBL has a beta of 0.82, meaning it tends to be less sensitive to market movements. CBL has a correlation of 0.27 to the broad based SPY ETF.
CBL has a market cap of $699.94 million. This is considered a Small Cap stock.
The top ETF exchange traded funds that CBL belongs to (by Net Assets): VTI, IWM, DIV, VNQ, VXF.
CBL has underperformed the market in the last year with a price return of +3.0% while the SPY ETF gained +27.8%. CBL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.1% and -0.1%, respectively, while the SPY returned +4.3% and +2.5%, respectively.
CBL support price is $21.82 and resistance is $22.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CBL stock will trade within this expected range on the day.