CBL & Associates Properties, Inc.

Tuesday, May 13, 2025
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Microsoft Corp. (MSFT), Amazon.com, Inc. (AMZN) and Mastercard Inc. (MA), as well as a micro-cap stock CBL & Associates Properties, Inc. (CBL). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
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The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens and attempts to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> CPI Inflation Rate at +2.3%, Earnings Reports Mixed
Today's Featured Research Reports
Microsoft’s shares have outperformed the Zacks Computer - Software industry over the year-to-date period (+6.8% vs. +4.5%). The company’s Q3 fiscal 2025 earnings and revenues beat estimates, driven by strength in its AI business and Copilot adoption and backed by accelerating growth in Azure cloud infrastructure unit.
Productivity and Business Processes revenues rose due to strong adoption of Office 365 Commercial solutions. ARPU growth was driven by E5 as well as M365 Copilot. Intelligent Cloud revenues were driven by growth in Azure AI services and a rise in AI Copilot business. Focused execution drove non-AI services results aided by accelerated growth in the enterprise customer segment as well as some improvement in scale motions.
Xbox content and services revenues benefited from stronger-than-expected performance in third-party and first-party content. However, higher operating expenses and spending on Azure amid stiff competition in the cloud space remain concerns.
(You can read the full research report on Microsoft here >>>)
Shares of Amazon.com have gained +14.5% over the past year against the Zacks Internet - Commerce industry’s gain of +18.7%. The company’s first-quarter results were driven by Prime and AWS momentum. Strengthening AWS services portfolio and its growing adoption rate contributed well to AWS performance.
Ultrafast delivery services and expanding content portfolio were beneficial. Strengthening relationship with third-party sellers was a positive. Robust advertising business contributed well. Amazon’s expanding global presence, growing capabilities in grocery, pharmacy, healthcare and autonomous driving are key positives. Deepening focus on GenAI is a major plus.
However, Amazon announced mixed guidance for the second quarter. High tariffs imposed by President Trump on goods imported from China have cast uncertainty on retailers such as Amazon. AMZN's free cash flow has decreased significantly.
(You can read the full research report on Amazon.com here >>>)
Mastercard’s shares have outperformed the Zacks Financial Transaction Services industry over the past year (+28.8% vs. +24.9%). The company’s first-quarter earnings beat estimates. Its acquisitions are helping the company to grow addressable markets and drive new revenue streams. It expects mid-teens net revenue growth in 2Q25.
The accelerated adoption of digital and contactless solutions is providing an opportunity for its business to expedite its shift to the digital mode. Strong cash flow supports its growth initiatives and enables shareholder value-boosting efforts through repurchases and dividends. Operating cash flows surged 42.3% year over year in the first quarter of 2025.
However, its dividend yield is lower than the industry average. Steep operating expenses might stress its margins in the future. High rebates and incentives may weigh on net revenues. As such, the stock warrants a cautious stance.
(You can read the full research report on Mastercard here >>>)
Shares of CBL & Associates Properties have outperformed the Zacks REIT and Equity Trust - Retail industry over the past year (+27% vs. +11.7%). This microcap company with market capitalization of $788.55 million have its balance sheet, driven by non-recourse debt and a $60 million year-over-year net debt reduction, enhances stability and minimizes refinancing risk.
Liquidity remains robust with $276 million in cash and marketable securities, supporting flexibility and a $25 million buyback plan. Asset sales totaling $73.3 million unlocked gains and aided deleveraging. Despite modest same-center NOI declines and tenant closures, leasing momentum persists, with strong new rent spreads and 90.4% occupancy.
A stable $1.50 FFO and $6.98–$7.34 guidance reinforce earnings visibility. While a 12.5–13.3% dividend yield and 18.3% annual growth offer total return appeal, rising expenses, soft tenant sales, sustainability risks and leasing headwinds pose risks. CBL’s valuation suggests relative value for investors seeking undervalued income-generating REITs.
(You can read the full research report on CBL & Associates Properties here >>>)
Other noteworthy reports we are featuring today include Medtronic plc (MDT), Royal Caribbean Cruises Ltd. (RCL) and Xcel Energy Inc. (XEL).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Adoption of Cloud & Office 365 Strength Aid Microsoft (MSFT)
Amazon (AMZN) Rides on Prime & AWS Amid Rising Competition
Accretive Buyouts, Strong Balance Sheet Aid Mastercard (MA)
Featured Reports
Cardiovascular Sales Boost Medtronic (MDT), FX Woes Worry
The Zacks analyst is impressed with Medtronic's Cardiac Ablation Solutions business positively boosting growth in the Cardiovascular arm. Yet, currency fluctuations remain a drag on sales.
Solid Bookings Aid Royal Caribbean (RCL), High Costs Hurt
Per the Zacks analyst, Royal Caribbean is likely to benefit from robust booking trends, strength in onboard consumer spending and digital innovations. However, high fuel costs and macro woes ail.
Investments & Expanding Customer Base Aid Xcel Energy (XEL)
Per the Zacks analyst, Xcel Energy's investment of $45 billion through 2029 is likely to strengthen operations. The rising electric and natural gas customer base will boost demand and profitability.
Solid Budget to Aid Teledyne (TDY) Amid Supply Chain Issues
Per the Zacks Analyst, increasing U.S. defense budget boost growth prospects for Teledyne. However, persistent supply chain challenges in commercial aviation continue to pose threat for the stock
Tyson Foods (TSN) Gains From Solid Chicken Unit Performance
Per the Zacks analyst, Tyson Foods is benefiting from its solid Chicken segment, fueled by operational improvements. The segment's net sales rose 2% year-over-year in the second quarter.
Carlyle (CG) Rides on Rising AUM Balance Amid High Expenses
Per the Zacks Analyst, Carlyle's global presence and efforts to expand business are likely to continue aiding asset under management (AUM) growth. Yet, rising expenses are concerning.
Strength in HBP Segment to Benefit Griffon Amid Forex Woes
Per the Zacks analyst, Griffon's Home and Building Products (HBP) segment is driven by strong fundamentals in the residential market. Forex woes are an added concern for the company.
New Upgrades
Growing Top Line, Solid Capital Position Aid Palomar (PLMR)
Per the Zacks analyst, Palomar's growing revenues driven by higher premiums and net investment income have led to significant growth. Moreover, robust capital position supports capital deployment.
Copa Holdings (CPA) Benefits From Improving Air-Travel Demand
The Zacks Analyst is impressed with the fact that increased air-travel demand is aiding Copa Holdings' top-line performance.
Amarin (AMRN) Rides on Robust Vascepa Sales Performance in EU
Per the Zacks analyst, label expansion of Amarin's sole marketed drug, Vascepa, in European markets is driving the top line. The recent restructuring plan to streamline operations also holds promise
New Downgrades
USA Compression (USAC) Depends Heavily on Its Key Clients
The Zacks analyst believes that USA Compression may face revenue risks due to high customer concentration, as its top 10 clients contribute approximately 33% of total revenue.
Onto Innovation (ONTO) Hit By Tariff Headwinds & Rising Costs
Per the Zacks analyst, the Trump administration's tariffs are adversely affecting Onto Innovation due to the U.S.-based manufacturing of its products, affecting both incoming costs and export costs.
Volatile Capital Markets, High Costs Hurt Jefferies (JEF)
Per the Zacks analyst, heightened volatility in the capital markets because of ongoing economic and policy concerns hurt Jefferies' top-line growth. Also, a steady rise in expenses is a headwind.
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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Xcel Energy Inc. (XEL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Mastercard Incorporated (MA) : Free Stock Analysis Report
Medtronic PLC (MDT) : Free Stock Analysis Report
Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
CBL & Associates Properties, Inc. (CBL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Stock Reports for Microsoft, Amazon.com & Mastercard

In trading on Wednesday, the Amplify Junior Silver Miners ETF (SILJ) is outperforming other ETFs, up about 6.3% on the day. Components of that ETF showing particular strength include shares of Avino Silver & Gold Mines (ASM), up about 9% and shares of Trilogy Metals (TMQ), up about 7.6% on the day.
And underperforming other ETFs today is the Dimensional US Real Estate ETF (DFAR), down about 3.2% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Alexandria Real Estate Equities (ARE), lower by about 6.5%, and shares of CBL & Associates Properties (CBL), lower by about 5.5% on the day.
VIDEO: Wednesday's ETF Movers: SILJ, DFAR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Wednesday's ETF Movers: SILJ, DFAR

OAKTREE CAPITAL MANAGEMENT LP just filed a portfolio update, which we received from a 13F disclosure. This disclosure reflects the funds' holdings for the 12-31-2024 report period. You can see the full portfolio on Quiver Quantitative, and track moves made by other funds.
Per our estimates, the largest stock moves were:
A decrease of -9,076,407 shares of $ITUB (~$45,018,979). This was a decrease of ~100% from their previous position.
A decrease of -882,590 shares of $YY (~$36,936,392). This was a decrease of ~100% from their previous position.
A decrease of -1,000,000 shares of $CBL (~$29,410,000). This was a decrease of ~25% from their previous position.
A decrease of -14,114,711 shares of $BBD (~$26,959,098). This was a decrease of ~100% from their previous position.
A decrease of -662,236 shares of $FCX (~$25,217,947). This was a decrease of ~27% from their previous position.
A decrease of -551,128 shares of $YPF (~$23,428,451). This was a decrease of ~100% from their previous position.
Note that there may be inaccuracies in these estimates due to filing errors by the funds, parsing errors by us, or other anomalies.
Check out Quiver Quantitative's fund page for OAKTREE CAPITAL MANAGEMENT LP for more details.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fund Update: OAKTREE CAPITAL MANAGEMENT LP Just Disclosed New Holdings

Looking at the universe of stocks we cover at Dividend Channel, on 11/25/24, Radian Group, Inc. (Symbol: RDN), CBL & Associates Properties Inc (Symbol: CBL), and Teradyne, Inc. (Symbol: TER) will all trade ex-dividend for their respective upcoming dividends. Radian Group, Inc. will pay its quarterly dividend of $0.245 on 12/10/24, CBL & Associates Properties Inc will pay its quarterly dividend of $0.40 on 12/11/24, and Teradyne, Inc. will pay its quarterly dividend of $0.12 on 12/18/24. As a percentage of RDN's recent stock price of $33.59, this dividend works out to approximately 0.73%, so look for shares of Radian Group, Inc. to trade 0.73% lower — all else being equal — when RDN shares open for trading on 11/25/24. Similarly, investors should look for CBL to open 1.39% lower in price and for TER to open 0.12% lower, all else being equal.
Below are dividend history charts for RDN, CBL, and TER, showing historical dividends prior to the most recent ones declared.
Radian Group, Inc. (Symbol: RDN):
CBL & Associates Properties Inc (Symbol: CBL):
Teradyne, Inc. (Symbol: TER):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.92% for Radian Group, Inc., 5.56% for CBL & Associates Properties Inc, and 0.46% for Teradyne, Inc..
In Thursday trading, Radian Group, Inc. shares are currently down about 0.8%, CBL & Associates Properties Inc shares are up about 1.9%, and Teradyne, Inc. shares are up about 0.8% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ex-Dividend Reminder: Radian Group, CBL & Associates Properties and Teradyne

Looking at the universe of stocks we cover at Dividend Channel, on 9/13/24, Comerica, Inc. (Symbol: CMA), CBL & Associates Properties Inc (Symbol: CBL), and Hanover Insurance Group Inc (Symbol: THG) will all trade ex-dividend for their respective upcoming dividends. Comerica, Inc. will pay its quarterly dividend of $0.71 on 10/1/24, CBL & Associates Properties Inc will pay its quarterly dividend of $0.40 on 9/30/24, and Hanover Insurance Group Inc will pay its quarterly dividend of $0.85 on 9/27/24. As a percentage of CMA's recent stock price of $57.40, this dividend works out to approximately 1.24%, so look for shares of Comerica, Inc. to trade 1.24% lower — all else being equal — when CMA shares open for trading on 9/13/24. Similarly, investors should look for CBL to open 1.56% lower in price and for THG to open 0.58% lower, all else being equal.
Below are dividend history charts for CMA, CBL, and THG, showing historical dividends prior to the most recent ones declared.
Comerica, Inc. (Symbol: CMA):
CBL & Associates Properties Inc (Symbol: CBL):
Hanover Insurance Group Inc (Symbol: THG):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.95% for Comerica, Inc., 6.23% for CBL & Associates Properties Inc, and 2.33% for Hanover Insurance Group Inc.
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, Comerica, Inc. shares are currently up about 3.5%, CBL & Associates Properties Inc shares are up about 0.9%, and Hanover Insurance Group Inc shares are off about 1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ex-Dividend Reminder: Comerica, CBL & Associates Properties and Hanover Insurance Group

Looking at the universe of stocks we cover at Dividend Channel, on 12/11/23, Best Buy Inc (Symbol: BBY), CBL & Associates Properties Inc (Symbol: CBL), and Pathward Financial Inc (Symbol: CASH) will all trade ex-dividend for their respective upcoming dividends. Best Buy Inc will pay its quarterly dividend of $0.92 on 1/2/24, CBL & Associates Properties Inc will pay its quarterly dividend of $0.375 on 12/29/23, and Pathward Financial Inc will pay its quarterly dividend of $0.05 on 1/2/24. As a percentage of BBY's recent stock price of $75.09, this dividend works out to approximately 1.23%, so look for shares of Best Buy Inc to trade 1.23% lower — all else being equal — when BBY shares open for trading on 12/11/23. Similarly, investors should look for CBL to open 1.59% lower in price and for CASH to open 0.10% lower, all else being equal.
Below are dividend history charts for BBY, CBL, and CASH, showing historical dividends prior to the most recent ones declared.
Best Buy Inc (Symbol: BBY):
CBL & Associates Properties Inc (Symbol: CBL):
Pathward Financial Inc (Symbol: CASH):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.90% for Best Buy Inc, 6.36% for CBL & Associates Properties Inc, and 0.39% for Pathward Financial Inc.
In Thursday trading, Best Buy Inc shares are currently up about 1.5%, CBL & Associates Properties Inc shares are down about 1.3%, and Pathward Financial Inc shares are up about 0.9% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	30.32 28.96
Price/Sales	1.64 4.04
P/B	2.91 1.34
P/FCF	5.19 15.15

Indicator	TTM Median
ROE	9.11 6.15
ROA	1.22 2.76
Net Worth	0.86 1.55
Quick Ratio	0.00 1.38
Current Ratio	0.09 1.31

Indicator	TTM Median
Net Profit Margin	5.49 16.67
Operating Margin	23.67 23.84
Gross Margin	66.48 64.72
Return on tangible equity	15.01 6.31

Indicator	TTM Median
EPS	1.54 0.42
EPS Forecast	0.00 0.42
Revenue	130.00M 142.00M
Gross Profit	87.00M —
EBITDA	77.00M —

CBL & Associates Properties, Inc.

Indicators CBL

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