CBL News and Press, CBL & Associates Properties Inc. From 01/09/20

Co-produced with R. Paul Drake This is the second of two articles comparing and contrasting the financials of mall REITs. Here we concentrate on debt and liquidity, using the 2018 annual 10-K SEC filings for data. All our results are pro rata, including the proportionate share of income ...

Co-produced with R. Paul Drake This is the first of two planned articles comparing the financial data for the mall REITs. In this first article we focus on operating numbers. In the next article we will focus on debt and liquidity. By a REIT, we refer here to a Real Estate Investment...

The REIT Paradox: A Factor Analysis In this report, we take a deep dive to analyze the underlying factors that drove performance within the REIT sector over the past decade and extract the major lessons that can be learned. Even as REITs have permeated into the investing mainstream, many of ...

Real Estate Weekly Outlook With a "truce" in the U.S.-China trade war and a clear resolution to Brexit uncertainty, geopolitics appeared destined to be on put the back-burner in the first half of 2020. One drone strike later, and suddenly financial markets are scrambling to discount the po...

REITs: A Decade In Review "Recover and Rebuild" was the theme of the 2010s. Despite entering the 2010s scarred and wounded from the devastation of the financial crisis, REITs and Homebuilders delivered generally strong and steady performance throughout the last decade following an intensel...

I don’t know about you, but I’ve learned a lot since 2010, which is about when I began writing on Seeking Alpha. Boy, how time flies. I can’t believe I’ve written 2,341 articles over the last decade. That averages out to 234 articles per year which, incidental...

In mathematics, the Lyapunov exponent quantifies the rate of separation of trajectories. Two trajectories can be said to diverge at a rate explained by the following: Where the divergence at time t is a function of the divergence at time 0 with the Lyapunov exponent (represented as the lambd...

Real Estate Weekly Outlook The holiday season continues to be a quite merry one for investors, a far more relaxing one for asset managers following last year's extreme volatility during the Christmas season. US equity markets notched a fifth straight week of records, climbing for the 11th ...

With Forever 21 and many other retailers filing for Chapter 11 bankruptcy protection, the eyes have been on the mall owners over the past months. Each of them took a hit – without exception (Simon Property Group (SPG), Macerich (MAC), Taubman (TCO), Brookfield (BPR), Pennsylvania Real...

Real Estate Weekly Outlook What a difference a year makes, and what a year it's been. This Christmas season has been a far merrier one for investors than a year ago when global equity markets were in a state of free-fall that ultimately bottomed on Christmas Eve with the S&P 500 down...