WallStSmart

CBL & Associates Properties Inc (CBL)vsRegency Centers Corporation (REG)

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Smart Verdict

WallStSmart Research — data-driven comparison

Regency Centers Corporation generates 187% more annual revenue ($1.69B vs $588.15M). CBL leads profitability with a 37.0% profit margin vs 33.0%. CBL trades at a lower P/E of 7.7x. CBL earns a higher WallStSmart Score of 66/100 (B-).

CBL

Strong Buy

66

out of 100

Grade: B-

Growth: 6.0Profit: 9.0Value: 5.7Quality: 5.0
Piotroski: 6/9Altman Z: 0.65

REG

Buy

59

out of 100

Grade: C

Growth: 6.0Profit: 8.0Value: 6.0Quality: 5.5
Piotroski: 4/9Altman Z: 0.83
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CBLSignificantly Overvalued (-47.4%)

Margin of Safety

-47.4%

Fair Value

$23.97

Current Price

$51.91

$27.94 premium

UndervaluedFair: $23.97Overvalued
REGUndervalued (+44.2%)

Margin of Safety

+44.2%

Fair Value

$136.95

Current Price

$73.23

$63.72 discount

UndervaluedFair: $136.95Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CBL5 strengths · Avg: 10.0/10
P/E RatioValuation
7.7x10/10

Attractively priced relative to earnings

Return on EquityProfitability
43.6%10/10

Every $100 of equity generates 44 in profit

Profit MarginProfitability
37.0%10/10

Keeps 37 of every $100 in revenue as profit

Operating MarginProfitability
30.5%10/10

Strong operational efficiency at 30.5%

EPS GrowthGrowth
1738.0%10/10

Earnings expanding 1738.0% YoY

REG3 strengths · Avg: 9.3/10
Profit MarginProfitability
33.0%10/10

Keeps 33 of every $100 in revenue as profit

Operating MarginProfitability
39.6%10/10

Strong operational efficiency at 39.6%

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

Areas to Watch

CBL4 concerns · Avg: 2.5/10
Revenue GrowthGrowth
4.0%4/10

4.0% revenue growth

Market CapQuality
$1.67B3/10

Smaller company, higher risk/reward

Altman Z-ScoreHealth
0.652/10

Distress zone — elevated risk

Debt/EquityHealth
4.761/10

Elevated debt levels

REG2 concerns · Avg: 2.0/10
PEG RatioValuation
2.702/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.832/10

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, Profit Margin. Profitability is solid with margins at 37.0% and operating margin at 30.5%.

Bull Case : REG

The strongest argument for REG centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 33.0% and operating margin at 39.6%.

Bear Case : CBL

The primary concerns for CBL are Revenue Growth, Market Cap, Altman Z-Score. Debt-to-equity of 4.76 is elevated, increasing financial risk.

Bear Case : REG

The primary concerns for REG are PEG Ratio, Altman Z-Score.

Key Dynamics to Monitor

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

CBL carries more volatility with a beta of 1.41 — expect wider price swings.

REG is growing revenue faster at 8.9% — sustainability is the question.

REG generates stronger free cash flow (174M), providing more financial flexibility.

Bottom Line

CBL scores higher overall (66/100 vs 59/100), backed by strong 37.0% margins. REG offers better value entry with a 44.2% margin of safety. 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 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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Regency Centers Corporation

REAL ESTATE · REIT - RETAIL · USA

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida and is one of the largest operators of shopping centers with grocery stores as anchor tenants.

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