CBL & Associates Properties (NASDAQ: CBL) Profit Outlook

CBL & Associates Properties day trading at USD 0.3 per share, then rallying to 0.32 and closing at USD 0.3004 per share. A net gain of 0.133% for the day. Long term pricing analysis shows the stock trading at 82.22% lower than it’s 52week high and -44.44% higher than the 52week low. The share volume traded for the day was 11,419K which was 2 times the 50 Day Average Volume.

CBL & Associates Properties had a market cap of 57,666K as of 29th May 2020. The Earnings Per Share (EPS) for Q4 2019 is $ -0.94

CBL & Associates Properties is a real estate investment trust that invests in shopping centers, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. The company’s largest tenants are L Brands, Signet Jewelers, and Foot Locker.

Financial Results

CBL & Associates Properties Reports First Quarter Of Fiscal 2020.

  • Net loss attributable to common shareholders for the first quarter 2020 was $133.9 million, or $0.75 per diluted share, compared with a net loss of $50.2 million, or a loss of $0.29 per diluted share, for the first quarter 2019.
  • Net loss for the first quarter 2020 was impacted by a $133.6 million loss on impairment of real estate to write down the carrying values of Monroeville Mall in Monroeville, PA, and Burnsville Center in Minneapolis, MN, to the properties’ estimated fair values.
  • FFO allocable to common shareholders, as adjusted, for the first quarter 2020 was $45.9 million, or $0.26 per diluted share, compared with $52.4 million, or $0.30 per diluted share, for the first quarter 2019.

CBL & Associates Properties (29th May 2020): The Institutional Ownership as of today stood at 59.73% and the Total Value of Holdings (millions) is $ 34.

New Institutional Holders and other activity – As of today, the total number of shares held is 114,667,484 by 191 institutional holders.

LATEST NEWS:

29-May-2020:- Permanent Link to CBL & Associates Properties (NYSE: CBL) Announces Quarterly Earnings Results

CBL & Associates Properties (NYSE: CBL) issued its quarterly earnings results on Tuesday. The real estate investment trust reported ($0.75) EPS for the quarter, missing the consensus estimate of $0.28 by ($1.03), Fidelity Earnings reports. The business had revenue of $167.57 million during the quarter, compared to the consensus estimate of $172.82 million.

26-May-2020:- CBL Properties Reports Results for First Quarter 2020 and Provides Further COVID-19 Update

FFO per diluted share, as adjusted, was $0.26 for the first quarter of 2020, compared with $0.30 per share for the first quarter of 2019. First-quarter 2020 FFO per share was impacted by $0.02 per share of dilution from asset sales completed since the prior-year period and $0.07 per share of lower property NOI offset by $0.02 per share lower interest expense and $0.02 per share lower net G&A expense.

24-May-2020:- CBL & Associates Properties (NYSE: CBL) Shares Gap Down to $0.23

CBL & Associates Properties, Inc. (NYSE: CBL) gapped down prior to trading on Friday. The stock had previously closed at $0.24 but opened at $0.23. CBL & Associates Properties shares last traded at $0.22, with a volume of 5,320,052 shares trading hands.

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