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CBL & Associates Properties (CBL & Associates Properties) ROE % : 13.95% (As of Dec. 2023)


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What is CBL & Associates Properties ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. CBL & Associates Properties's annualized net income for the quarter that ended in Dec. 2023 was $47.3 Mil. CBL & Associates Properties's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $338.8 Mil. Therefore, CBL & Associates Properties's annualized ROE % for the quarter that ended in Dec. 2023 was 13.95%.

The historical rank and industry rank for CBL & Associates Properties's ROE % or its related term are showing as below:

CBL' s ROE % Range Over the Past 10 Years
Min: -55.48   Med: -24.38   Max: 1.88
Current: 1.88

During the past 5 years, CBL & Associates Properties's highest ROE % was 1.88%. The lowest was -55.48%. And the median was -24.38%.

CBL's ROE % is ranked worse than
62.13% of 800 companies
in the REITs industry
Industry Median: 4.21 vs CBL: 1.88

CBL & Associates Properties ROE % Historical Data

The historical data trend for CBL & Associates Properties's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CBL & Associates Properties ROE % Chart

CBL & Associates Properties Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
- -55.48 - -24.38 1.84

CBL & Associates Properties Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.87 2.46 -23.87 15.78 13.95

Competitive Comparison of CBL & Associates Properties's ROE %

For the REIT - Retail subindustry, CBL & Associates Properties's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CBL & Associates Properties's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CBL & Associates Properties's ROE % distribution charts can be found below:

* The bar in red indicates where CBL & Associates Properties's ROE % falls into.



CBL & Associates Properties ROE % Calculation

CBL & Associates Properties's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=6.546/( (370.541+339.321)/ 2 )
=6.546/354.931
=1.84 %

CBL & Associates Properties's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=47.252/( (338.29+339.321)/ 2 )
=47.252/338.8055
=13.95 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


CBL & Associates Properties  (NYSE:CBL) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=47.252/338.8055
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(47.252 / 558.836)*(558.836 / 2421.128)*(2421.128 / 338.8055)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.46 %*0.2308*7.1461
=ROA %*Equity Multiplier
=1.95 %*7.1461
=13.95 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=47.252/338.8055
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (47.252 / 47.964) * (47.964 / 150.78) * (150.78 / 558.836) * (558.836 / 2421.128) * (2421.128 / 338.8055)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9852 * 0.3181 * 26.98 % * 0.2308 * 7.1461
=13.95 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


CBL & Associates Properties ROE % Related Terms

Thank you for viewing the detailed overview of CBL & Associates Properties's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


CBL & Associates Properties (CBL & Associates Properties) Business Description

Traded in Other Exchanges
Address
2030 Hamilton Place Boulevard, Suite 500, Chattanooga, TN, USA, 37421
CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, outlet centers, lifestyle centers, open-air centers and other properties. . CBL's sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.
Executives
Andrew Franklin Cobb officer: Exec VP-Accounting 1563 QUIET POND DR, CHATTANOOGA TN 37415
Benjamin W Jaenicke officer: Exec VP - Finance 2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
Michael A Torres director MANUFACTURED HOME COMMUNTIES INC, 2 N RIVERSIDE PLZ #8, CHICAGO IL 60606
Joseph Khalili officer: EVP Financial Planning & Anlys 2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
Jennifer Cope officer: EVP Ops Services & Risk Mgmt 2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
David J Contis director 2 NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Jeffery V. Curry officer: Interim Chief Legal Officer 4019 BREAKWATER DR, HIXON TN 37343
Charles B Lebovitz director, 10 percent owner, officer: Chairman and CEO CBL & ASSOCIATES PROPERTIES INC, ONE PARK PLACE 6148 LEE HWY, CHATTANOOGA TN 37421
Strategic Value Partners, Llc 10 percent owner 100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Strategic Value Special Situations Offshore Fund V, L.p. 10 percent owner 100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Jonathan M Heller director, other: Member of 10% owner group CANYON PARTNERS, LLC, 1370 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10019
Jeffrey Kivitz director 39 BOLAND ROAD, SHARON CT 06069
Marjorie L. Bowen director 225 6TH STREET, MANHATTAN BEACH CA 90266
Strategic Value Special Situations Master Fund Iv, L.p. 10 percent owner 100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Svp Special Situations Iv Llc 10 percent owner C/O STRATEGIC VALUE PARTNERS, LLC, 100 WEST PUTNAM AVENUE, GREENWICH CT 06830