CBL & Associates Properties, Inc.

AI-generated fair value estimate for this company.

Method: 10-year distributable cash flow DCF: $282.9M TTM FCF base; 2% annual growth years 1-5; 1% years 6-10; 9% discount rate; 1.5% terminal growth; $1.93B net debt; 30.95M shares outstanding.

Reasoning: As a post-reorganization mall/open-air REIT, CBL's value is best captured by discounting distributable cash flow (closely tracking FFO) rather than GAAP earnings; growth assumptions are deliberately conservative since much of the recent double-digit FCF growth reflects a one-time lease-up/occupancy recovery that should not persist at the same pace in a structurally mature retail-REIT sector.