WallStSmart

CBL & Associates Properties Inc (CBL)vsSimon Property Group Inc (SPG)

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Smart Verdict

WallStSmart Research — data-driven comparison

Simon Property Group Inc generates 1080% more annual revenue ($6.94B vs $588.15M). SPG leads profitability with a 66.6% profit margin vs 37.0%. 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

SPG

Buy

57

out of 100

Grade: C

Growth: 5.3Profit: 9.0Value: 4.0Quality: 3.5
Piotroski: 4/9Altman Z: 0.36
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
SPGSignificantly Overvalued (-20.6%)

Margin of Safety

-20.6%

Fair Value

$161.47

Current Price

$204.82

$43.35 premium

UndervaluedFair: $161.47Overvalued

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

SPG6 strengths · Avg: 9.2/10
Return on EquityProfitability
103.9%10/10

Every $100 of equity generates 104 in profit

Profit MarginProfitability
66.6%10/10

Keeps 67 of every $100 in revenue as profit

Operating MarginProfitability
46.0%10/10

Strong operational efficiency at 46.0%

Market CapQuality
$77.50B9/10

Large-cap with strong market position

P/E RatioValuation
14.5x8/10

Attractively priced relative to earnings

Revenue GrowthGrowth
19.5%8/10

19.5% revenue growth

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

SPG4 concerns · Avg: 2.5/10
Price/BookValuation
15.1x4/10

Trading at 15.1x book value

PEG RatioValuation
8.742/10

Expensive relative to growth rate

EPS GrowthGrowth
-12.5%2/10

Earnings declined 12.5%

Altman Z-ScoreHealth
0.362/10

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 : SPG

The strongest argument for SPG centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 66.6% and operating margin at 46.0%. Revenue growth of 19.5% demonstrates continued momentum.

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 : SPG

The primary concerns for SPG are Price/Book, PEG Ratio, EPS Growth. Debt-to-equity of 6.64 is elevated, increasing financial risk.

Key Dynamics to Monitor

CBL profiles as a value stock while SPG is a growth play — different risk/reward profiles.

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

SPG is growing revenue faster at 19.5% — sustainability is the question.

SPG generates stronger free cash flow (959M), providing more financial flexibility.

Bottom Line

CBL scores higher overall (66/100 vs 57/100), backed by strong 37.0% margins. 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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Simon Property Group Inc

REAL ESTATE · REIT - RETAIL · USA

Simon Property Group, Inc. is a real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana.

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