13FGuru
Sign in with Google Sign in with Discord

NYSE · Real Estate

CBL & ASSOCIATES PROPERTIES INC CBL

CBL & Associates Properties is one of the largest shopping center real estate investment trusts (REITs) in the United States. It primarily owns, participates in or manages 158 retail properties, including 85 market-leading enclosed shopping malls and open centers. The company is also actively developing new regional shopping malls, open centers, lifestyle and community centers, and continues to expand its property portfolio. Investors can pay attention to retail real estate industry trends, REIT cash flow quality and property redevelopment potential.

Sources Company annual reports / financials annualreports.com
Real Estate Investment Trusts

Company profile

Business mix

  • Owns, participates in or manages 158 properties, with a core of 85 market-leading enclosed shopping centers and open centers across the United States.
  • As an active developer of new regional shopping centres, open centres, lifestyle and community centers to keep the property portfolio competitive.

Current key questions

  • It is highly dependent on the enclosed shopping mall format and faces the impact of e-commerce and the evolution of the retail landscape. However, the location and scale advantages of the property provide a certain moat.
  • As a REIT, it needs to continue investing in property renovation and development while maintaining dividends. The efficiency of capital allocation affects long-term returns.
  • Consumer spending and macroeconomic conditions directly affect shopping mall customer flow, tenant sales and rental income, and cyclical risks are high.
Holders 1 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 8.73 FCF N/A Buyback -0.26%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Oaktree Capital Management Howard Marks 1.3% $82.8M 2026-03-31

Recent trading changes over the last 4 quarters

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Net buyers 0 Last 4 13F filing periods
Net reducers 1 Last 4 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $0 Estimated from net added shares
Reduction amount $32.7M Estimated from net reduced shares
Net share change / base shares -28.3% -851,409 / 3,005,126
Oaktree Capital Management Howard Marks 4 filing periods
13F 2025-06-30 Filed 2025-08-13
Unchanged Shares 0.0% 13F value change $0
13F 2025-09-30 Filed 2025-11-13
Unchanged Shares 0.0% 13F value change $0
13F 2025-12-31 Filed 2026-02-17
Major reduction Shares -16.2% 13F value change +$1.3M
13F 2026-03-31 Filed 2026-05-15
Minor reduction Shares -14.5% 13F value change -$10.4M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 3,005,126 Last 4 periods -851,409 (-28.3%) Total shares 2,153,717 Value $82.8M

Recent mentions

No public mentions.