WallStSmart

CBL & Associates Properties Inc (CBL)vsPrologis Inc (PLD)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Prologis Inc generates 1521% more annual revenue ($9.38B vs $578.37M). PLD leads profitability with a 39.7% profit margin vs 23.5%. CBL trades at a lower P/E of 10.4x. CBL earns a higher WallStSmart Score of 68/100 (B-).

CBL

Strong Buy

68

out of 100

Grade: B-

Growth: 6.7Profit: 8.5Value: 8.3Quality: 4.3
Piotroski: 5/9

PLD

Buy

63

out of 100

Grade: C+

Growth: 8.0Profit: 7.0Value: 5.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CBLUndervalued (+55.5%)

Margin of Safety

+55.5%

Fair Value

$79.47

Current Price

$45.02

$34.45 discount

UndervaluedFair: $79.47Overvalued
PLDUndervalued (+47.2%)

Margin of Safety

+47.2%

Fair Value

$268.84

Current Price

$142.02

$126.82 discount

UndervaluedFair: $268.84Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CBL6 strengths · Avg: 9.2/10
P/E RatioValuation
10.4x10/10

Attractively priced relative to earnings

Return on EquityProfitability
39.7%10/10

Every $100 of equity generates 40 in profit

Operating MarginProfitability
32.4%10/10

Strong operational efficiency at 32.4%

Profit MarginProfitability
23.5%9/10

Keeps 24 of every $100 in revenue as profit

Revenue GrowthGrowth
18.8%8/10

18.8% revenue growth

EPS GrowthGrowth
24.9%8/10

Earnings expanding 24.9% YoY

PLD5 strengths · Avg: 9.4/10
Profit MarginProfitability
39.7%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
38.5%10/10

Strong operational efficiency at 38.5%

EPS GrowthGrowth
65.2%10/10

Earnings expanding 65.2% YoY

Market CapQuality
$129.41B9/10

Large-cap with strong market position

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Areas to Watch

CBL3 concerns · Avg: 2.0/10
Market CapQuality
$1.39B3/10

Smaller company, higher risk/reward

Free Cash FlowQuality
$-152.16M2/10

Negative free cash flow — burning cash

Debt/EquityHealth
5.791/10

Elevated debt levels

PLD4 concerns · Avg: 2.8/10
P/E RatioValuation
39.1x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
6.8%3/10

ROE of 6.8% — below average capital efficiency

PEG RatioValuation
110.102/10

Expensive relative to growth rate

Free Cash FlowQuality
$-3.75B2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : CBL

The strongest argument for CBL centers on P/E Ratio, Return on Equity, Operating Margin. Profitability is solid with margins at 23.5% and operating margin at 32.4%. Revenue growth of 18.8% demonstrates continued momentum.

Bull Case : PLD

The strongest argument for PLD centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 39.7% and operating margin at 38.5%.

Bear Case : CBL

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

Bear Case : PLD

The primary concerns for PLD are P/E Ratio, Return on Equity, PEG Ratio.

Key Dynamics to Monitor

CBL profiles as a growth stock while PLD is a mature play — different risk/reward profiles.

CBL carries more volatility with a beta of 1.44 — expect wider price swings.

CBL is growing revenue faster at 18.8% — sustainability is the question.

CBL generates stronger free cash flow (-152M), providing more financial flexibility.

Bottom Line

CBL scores higher overall (68/100 vs 63/100), backed by strong 23.5% margins and 18.8% revenue growth. PLD offers better value entry with a 47.2% 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) focused on the acquisition, management, and redevelopment of shopping malls and retail properties throughout the United States. The company is recognized for its strategic adaptations to the dynamic retail environment, embracing mixed-use developments and experiential offerings that bolster tenant engagement and operational efficiency. CBL's commitment to maximizing asset value through innovative investment and management strategies, coupled with a focus on sustainability, positions the firm as an attractive option for institutional investors seeking long-term growth and value in the evolving retail real estate sector.

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Prologis Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities, with a focus on the consumption side of the global supply chain.

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