CBL News and Press, CBL & Associates Properties Inc. From 02/26/20

Macerich ( MAC ) is a landlord of high-quality mall real estate. Whereas "Class A malls" have tenant sales psf of around $525 or over, MAC's portfolio has an average sales psf of $801, or $916 on a net operating income ('NOI') weighted basis. Malls are out of favor, but is the selloff overdone...

CBL & Associates Properties (CBL) reported fourth quarter and full year earnings back on February 6th. The report served as a reminder that the company's turnaround strategy is still an ongoing process. Since the earnings reports, the company's common shares, preferred shares, and unsecu...

You have probably heard financial advice in the form of phrases such as; “invest in companies with strong fundamentals” “Companies with growing cashflows outperform over time” These phrases and other similar utterances have become ubiquitous in the financi...

The big story of the past few months has been the continued growth in valuation disparities across the REIT sector: Cyclical REITs vs. Defensive REITs Small-cap REITs vs. large cap REITs Retail REITs vs. non-retail REITs Defensive REITs, large-cap REITs and non-retail REITs have ...

Real Estate Weekly Outlook Risk-on, risk-off. Investors piled into bonds, real estate, and other safe-haven assets this week as uncertainty over the extent of the economic fallout from the coronavirus outbreak weighed on market sentiment. After breaching fresh record highs on Wednesday, U....

Last week an article appeared by Williams Equity Research (“WER”), entitled The Macerich Company: Mall REIT Purgatory . Evidently this is a bearish take on the mall REIT Macerich ( MAC ). I have a high regard for WER, and have enjoyed and benefited from his past work. I am lon...

If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. The brick and mortar retail market is overbuilt. Amazon-like ( AMZN ) companies are quickly stealing market share. And the weakest retailers (and landlords) are paying the price. Class B ...

Mall REIT CBL & Associates ( CBL ) has been in free fall for the past few years. Adjusted FFO per share has collapsed from $2.41 in 2016 to just $1.36 in 2019, with further declines expected in 2020. Vacancy rates are rising due to a slew of tenant bankruptcies: especially the 2018 bankr...

Listen and subscribe to the Marketplace Roundtable on these podcast platforms: iTunes/Apple Podcasts Spotify Stitcher By Nathaniel E. Baker Dane Bowler of 2nd Market Capital Advisory joins the Seeking Alpha Marketplace Roundtable podcast to discuss his ...

Recently, we took a step back to review our 2019 results in an effort to determine what we did right, what we did wrong, and what we can improve in 2020. Overall, my real-money real estate investments (including international) earned a 48.99% total return - after tax - in 2019. In compar...