What Gives CBL & Associates Properties (CBL) a Strong Financial Footing?

Alluvial Capital Management, an investment advisory firm, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund rose 15.5% in the quarter, bringing the year-to-date returns to 33.6%, strongly outperforming the relevant benchmark indexes. This marks the fund’s third-best quarterly result in its 9-year history. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, Alluvial Capital Management highlighted stocks such as CBL & Associates Properties, Inc. (NYSE:CBL). CBL & Associates Properties, Inc. (NYSE:CBL) owns and operates a national portfolio of market-dominant properties. The one-month return of CBL & Associates Properties, Inc. (NYSE:CBL) was -4.08%, and its shares gained 9.82% of their value over the last 52 weeks. On October 28, 2025, CBL & Associates Properties, Inc. (NYSE:CBL) stock closed at $29.42 per share, with a market capitalization of $910.05 million.

Alluvial Capital Management stated the following regarding CBL & Associates Properties, Inc. (NYSE:CBL) in its third quarter 2025 investor letter:

“CBL & Associates Properties, Inc. (NYSE:CBL) has been working to upgrade its portfolio of malls, selling some weaker class C properties and buying out its partners in high quality locations. The trust has also announced refinancing agreements on multiple properties, reducing interest costs and pushing out maturities. These actions, combined with continued debt reduction, leave the company on stronger financial footing and with substantial cash flow for distributions and investment. But at the end of the day, it’s simply tough for a tiny REIT with less than $500 million in free-floating shares to get much attention, particularly when it owns malls.”

Is CBL & Associates Properties, Inc. (CBL) the Small-Cap Dividend Stock Drive Year-to-Date Gains?

CBL & Associates Properties, Inc. (NYSE:CBL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 24 hedge fund portfolios held CBL & Associates Properties, Inc. (NYSE:CBL) at the end of the second quarter, up from 23 in the previous quarter. While we acknowledge the risk and potential of CBL & Associates Properties, Inc. (NYSE:CBL) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CBL & Associates Properties, Inc. (NYSE:CBL) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered CBL & Associates Properties, Inc. (NYSE:CBL) and shared Alluvial Capital Management’s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.