CBL & Associates: An Attractive Buy Before Fed Rate Cuts

uschools Introduction CBL & Associates (NYSE:CBL) recently reported its Q4 2023 results, which I will discuss below. I will also flag the company's capitalization rate, which I estimate at 14.3%, and some risks related to the investment case. In a nutshell, I think that the shares are a buy as CBL is set to benefit from FED interest rate cuts on its floating rate debt. Company Overview You can access CBL quarterly results here. The company derived 69% of its 2023 net operating income (NOI) from enclosed ...