WallStSmart

CBL & Associates Properties Inc (CBL)vsKimco Realty Corporation (KIM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Kimco Realty Corporation generates 287% more annual revenue ($2.14B vs $553.64M). KIM leads profitability with a 27.3% profit margin vs 22.6%. CBL trades at a lower P/E of 8.1x. CBL earns a higher WallStSmart Score of 70/100 (B).

CBL

Strong Buy

70

out of 100

Grade: B

Growth: 6.7Profit: 8.0Value: 8.3Quality: 4.3
Piotroski: 5/9

KIM

Buy

56

out of 100

Grade: C

Growth: 4.0Profit: 7.0Value: 4.7Quality: 6.5
Piotroski: 4/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CBLUndervalued (+81.1%)

Margin of Safety

+81.1%

Fair Value

$187.20

Current Price

$37.41

$149.79 discount

UndervaluedFair: $187.20Overvalued
KIMSignificantly Overvalued (-294.1%)

Margin of Safety

-294.1%

Fair Value

$5.58

Current Price

$22.41

$16.83 premium

UndervaluedFair: $5.58Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CBL4 strengths · Avg: 9.3/10
P/E RatioValuation
8.1x10/10

Attractively priced relative to earnings

Return on EquityProfitability
38.6%10/10

Every $100 of equity generates 39 in profit

Profit MarginProfitability
22.6%9/10

Keeps 23 of every $100 in revenue as profit

Operating MarginProfitability
22.7%8/10

Strong operational efficiency at 22.7%

KIM3 strengths · Avg: 9.7/10
Price/BookValuation
1.5x10/10

Reasonable price relative to book value

Operating MarginProfitability
33.0%10/10

Strong operational efficiency at 33.0%

Profit MarginProfitability
27.3%9/10

Keeps 27 of every $100 in revenue as profit

Areas to Watch

CBL3 concerns · Avg: 2.7/10
EPS GrowthGrowth
3.6%4/10

3.6% earnings growth

Market CapQuality
$993.50M3/10

Smaller company, higher risk/reward

Debt/EquityHealth
5.791/10

Elevated debt levels

KIM4 concerns · Avg: 3.3/10
P/E RatioValuation
27.5x4/10

Moderate valuation

Revenue GrowthGrowth
3.2%4/10

3.2% revenue growth

Return on EquityProfitability
5.5%3/10

ROE of 5.5% — below average capital efficiency

PEG RatioValuation
3.372/10

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, Profit Margin. Profitability is solid with margins at 22.6% and operating margin at 22.7%. Revenue growth of 11.3% demonstrates continued momentum.

Bull Case : KIM

The strongest argument for KIM centers on Price/Book, Operating Margin, Profit Margin. Profitability is solid with margins at 27.3% and operating margin at 33.0%.

Bear Case : CBL

The primary concerns for CBL are EPS Growth, Market Cap, Debt/Equity. Debt-to-equity of 5.79 is elevated, increasing financial risk.

Bear Case : KIM

The primary concerns for KIM are P/E Ratio, Revenue Growth, Return on Equity.

Key Dynamics to Monitor

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

CBL carries more volatility with a beta of 1.53 — expect wider price swings.

CBL is growing revenue faster at 11.3% — sustainability is the question.

KIM generates stronger free cash flow (143M), providing more financial flexibility.

Bottom Line

CBL scores higher overall (70/100 vs 56/100), backed by strong 22.6% margins and 11.3% revenue growth. Both earn "Strong 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 leading real estate investment trust (REIT) specializing in the acquisition, management, and redevelopment of shopping malls and retail properties across the United States. The company is adept at navigating the evolving retail landscape by incorporating mixed-use developments and experiential offerings that enhance tenant engagement and operational efficiency. CBL is committed to maximizing asset value through innovative investment and management strategies, while also prioritizing sustainability within its operations. With its strategic focus on sustainable growth and enhancing shareholder value, CBL presents a compelling investment opportunity for institutional investors seeking long-term returns in the retail real estate sector.

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Kimco Realty Corporation

REAL ESTATE · REIT - RETAIL · USA

Kimco Realty Corporation is a real estate investment trust (REIT) that invests in shopping centers.

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