WallStSmart

CBL & Associates Properties Inc (CBL)vsFederal Realty Investment Trust (FRT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Federal Realty Investment Trust generates 125% more annual revenue ($1.31B vs $582.57M). FRT leads profitability with a 38.6% profit margin vs 29.8%. CBL trades at a lower P/E of 8.8x. FRT earns a higher WallStSmart Score of 65/100 (C+).

CBL

Buy

64

out of 100

Grade: C+

Growth: 6.0Profit: 8.5Value: 6.7Quality: 3.5
Piotroski: 6/9Altman Z: 0.65

FRT

Buy

65

out of 100

Grade: C+

Growth: 7.3Profit: 8.5Value: 6.0Quality: 3.5
Piotroski: 2/9Altman Z: 0.54
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for CBL.

FRTUndervalued (+35.4%)

Margin of Safety

+35.4%

Fair Value

$165.65

Current Price

$122.56

$43.09 discount

UndervaluedFair: $165.65Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CBL5 strengths · Avg: 9.4/10
P/E RatioValuation
8.8x10/10

Attractively priced relative to earnings

Return on EquityProfitability
43.6%10/10

Every $100 of equity generates 44 in profit

EPS GrowthGrowth
448.5%10/10

Earnings expanding 448.5% YoY

Profit MarginProfitability
29.8%9/10

Keeps 30 of every $100 in revenue as profit

Operating MarginProfitability
23.8%8/10

Strong operational efficiency at 23.8%

FRT3 strengths · Avg: 10.0/10
Profit MarginProfitability
38.6%10/10

Keeps 39 of every $100 in revenue as profit

Operating MarginProfitability
34.1%10/10

Strong operational efficiency at 34.1%

EPS GrowthGrowth
152.5%10/10

Earnings expanding 152.5% YoY

Areas to Watch

CBL4 concerns · Avg: 2.5/10
Revenue GrowthGrowth
3.0%4/10

3.0% revenue growth

Market CapQuality
$1.50B3/10

Smaller company, higher risk/reward

Altman Z-ScoreHealth
0.652/10

Distress zone — elevated risk

Debt/EquityHealth
5.221/10

Elevated debt levels

FRT4 concerns · Avg: 2.5/10
Debt/EquityHealth
1.493/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
3.652/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.542/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : CBL

The strongest argument for CBL centers on P/E Ratio, Return on Equity, EPS Growth. Profitability is solid with margins at 29.8% and operating margin at 23.8%.

Bull Case : FRT

The strongest argument for FRT centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 38.6% and operating margin at 34.1%. Revenue growth of 10.3% demonstrates continued momentum.

Bear Case : CBL

The primary concerns for CBL are Revenue Growth, Market Cap, Altman Z-Score. Debt-to-equity of 5.22 is elevated, increasing financial risk.

Bear Case : FRT

The primary concerns for FRT are Debt/Equity, Piotroski F-Score, PEG Ratio.

Key Dynamics to Monitor

CBL profiles as a value stock while FRT is a mature play — different risk/reward profiles.

CBL carries more volatility with a beta of 1.46 — expect wider price swings.

FRT is growing revenue faster at 10.3% — sustainability is the question.

FRT generates stronger free cash flow (121M), providing more financial flexibility.

Bottom Line

FRT scores higher overall (65/100 vs 64/100), backed by strong 38.6% margins and 10.3% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

CBL & Associates Properties Inc

REAL ESTATE · REIT - RETAIL · USA

CBL & Associates Properties Inc. is a prominent real estate investment trust (REIT) that focuses on acquiring, managing, and redeveloping shopping malls and retail properties throughout the United States. In response to evolving consumer preferences, CBL adopts a forward-thinking strategy that incorporates mixed-use developments and experiential retail environments, enhancing tenant engagement and driving operational efficiency. Through innovative asset management and sustainable practices, the company aims to maximize property value, positioning itself as a strong investment opportunity for institutional investors seeking stability and growth in the retail real estate sector.

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Federal Realty Investment Trust

REAL ESTATE · REIT - RETAIL · USA

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

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