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CBLDQ.PFD (CBL & Associates Properties (Old)) ROA % : -0.83% (As of Jun. 2021)


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What is CBL & Associates Properties (Old) ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. CBL & Associates Properties (Old)'s annualized Net Income for the quarter that ended in Jun. 2021 was $-35.53 Mil. CBL & Associates Properties (Old)'s average Total Assets over the quarter that ended in Jun. 2021 was $4,272.20 Mil. Therefore, CBL & Associates Properties (Old)'s annualized ROA % for the quarter that ended in Jun. 2021 was -0.83%.

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

CBLDQ.PFD' s ROA % Range Over the Past 10 Years
Min: -6.51   Med: 1.73   Max: 3.27
Current: -3.1

During the past 13 years, CBL & Associates Properties (Old)'s highest ROA % was 3.27%. The lowest was -6.51%. And the median was 1.73%.

CBLDQ.PFD's ROA % is not ranked
in the REITs industry.
Industry Median: 2.45 vs CBLDQ.PFD: -3.10

CBL & Associates Properties (Old) ROA % Historical Data

The historical data trend for CBL & Associates Properties (Old)'s ROA % 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 (Old) ROA % Chart

CBL & Associates Properties (Old) Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.75 2.05 -1.42 -2.18 -6.51

CBL & Associates Properties (Old) Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
ROA % 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.99 -3.72 -5.27 -2.45 -0.83

Competitive Comparison of CBL & Associates Properties (Old)'s ROA %

For the REIT - Retail subindustry, CBL & Associates Properties (Old)'s ROA %, along with its competitors' market caps and ROA % 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 (Old)'s ROA % Distribution in the REITs Industry

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

* The bar in red indicates where CBL & Associates Properties (Old)'s ROA % falls into.



CBL & Associates Properties (Old) ROA % Calculation

CBL & Associates Properties (Old)'s annualized ROA % for the fiscal year that ended in Dec. 2020 is calculated as:

ROA %=Net Income (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=-295.084/( (4622.346+4443.74)/ 2 )
=-295.084/4533.043
=-6.51 %

CBL & Associates Properties (Old)'s annualized ROA % for the quarter that ended in Jun. 2021 is calculated as:

ROA %=Net Income (Q: Jun. 2021 )/( (Total Assets (Q: Mar. 2021 )+Total Assets (Q: Jun. 2021 ))/ count )
=-35.528/( (4280.187+4264.207)/ 2 )
=-35.528/4272.197
=-0.83 %

* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2021) net income data. ROA % is displayed in the 30-year financial page.


CBL & Associates Properties (Old)  (OTCPK:CBLDQ.PFD) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Jun. 2021 )
=Net Income/Total Assets
=-35.528/4272.197
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-35.528 / 546.244)*(546.244 / 4272.197)
=Net Margin %*Asset Turnover
=-6.5 %*0.1279
=-0.83 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) revenue data.

* 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

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


CBL & Associates Properties (Old) ROA % Related Terms

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CBL & Associates Properties (Old) Business Description

Traded in Other Exchanges
N/A
Address
2030 Hamilton Place Boulevard, CBL Center, Suite 500, Chattanooga, TN, USA, 37421
CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in managing, acquiring, and leasing residential and commercial properties. Its portfolio of properties spans 24 states, mostly in the Southeastern and Midwestern regions of the United States. 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.