Entering text into the input field will update the search result below

CBL & Associates Properties (CBL) Presents At Wells Fargo 21st Annual Real Estate Securities Conference - Slideshow

SA Transcripts profile picture
SA Transcripts

The following slide deck was published by CBL & Associates Properties, Inc. in conjunction with this event.


This article was written by

SA Transcripts profile picture
Seeking Alpha's transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

Recommended For You

Comments (17)

like the direction they are taking...keep that DIVVY for all of 2018 😁👍🆗
One catalyst is the .80 received in dividends throughout the year and the $60 million gain in the Fall when the Acadiana Mall is turned over to the lenders which extinguishes a $122 million loan. That loan alone represents about 7% of the secured debt.
Beyond the Acadiana Mall you reference how many other similar opportunities does CBL have to return underperforming malls to lenders?
All the malls are listed on P. 155 ofof.
P. 155 of the 10K. The debt and
current cost less the depreciation show most properties are not impaired.
tyler.freeborn profile picture
It's interesting that they only identify about $42M in current projects, well below budget. Given their cash flow, they have about $130M available after debt principal payments, a good cushion for tenant problems, like a Sears filing.

The big issue of course is whether that "stable" performance continues with two down years in a row on those nice charts, 2017 and a weaker 2018. If management is right, those charts will turn back up in 2019, but it's going to be a long, hard year, with little in the way of catalysts to boost the market price.
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.