CBL & Associates Properties, Inc. (NYSE:CBL)
CAPS Rating:
The Company is a self-managed, self-administered, fully integrated real estate investment trust that is engaged in the ownership, development, acquisition, leasing, management and operation of regional shopping malls and community centers.
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We may be heading into a recession, but the malls are still strong. SIck dividend, plus plenty of upside potential- in most recent quarter, rents collected, occupancy rates, and proceeds from sales all went up.
Plue there's a 24% dividend which has to stay at least half that for the stock to be considered a REIT.
Timeframe: 3 years.