WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Federal Realty Investment Trust generates 129% more annual revenue ($1.34B vs $582.57M). FRT leads profitability with a 32.7% profit margin vs 29.8%. CBL trades at a lower P/E of 10.6x. CBL earns a higher WallStSmart Score of 64/100 (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

53

out of 100

Grade: C-

Growth: 4.7Profit: 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 (+36.2%)

Margin of Safety

+36.2%

Fair Value

$167.60

Current Price

$121.83

$45.77 discount

UndervaluedFair: $167.60Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CBL5 strengths · Avg: 9.4/10
P/E RatioValuation
10.6x10/10

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%

FRT2 strengths · Avg: 10.0/10
Profit MarginProfitability
32.7%10/10

Keeps 33 of every $100 in revenue as profit

Operating MarginProfitability
35.0%10/10

Strong operational efficiency at 35.0%

Areas to Watch

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

3.0% revenue growth

Market CapQuality
$1.78B3/10

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: 3.0/10
P/E RatioValuation
25.1x4/10

Moderate valuation

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

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. Profitability is solid with margins at 32.7% and operating margin at 35.0%.

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 P/E Ratio, Debt/Equity, Piotroski F-Score.

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 1.43 — expect wider price swings.

FRT is growing revenue faster at 7.2% — sustainability is the question.

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

Bottom Line

CBL scores higher overall (64/100 vs 53/100), backed by strong 29.8% margins. FRT offers better value entry with a 36.2% margin of safety. 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.

Visit Website →

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.

Want to dig deeper into these stocks?