WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Regency Centers Corporation generates 191% more annual revenue ($1.61B vs $553.64M). REG leads profitability with a 32.7% 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

REG

Strong Buy

65

out of 100

Grade: B-

Growth: 7.3Profit: 7.5Value: 7.3Quality: 4.3
Piotroski: 4/9Altman Z: 0.80
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
REGUndervalued (+42.1%)

Margin of Safety

+42.1%

Fair Value

$131.98

Current Price

$74.43

$57.55 discount

UndervaluedFair: $131.98Overvalued

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%

REG4 strengths · Avg: 9.5/10
Profit MarginProfitability
32.7%10/10

Keeps 33 of every $100 in revenue as profit

Operating MarginProfitability
38.8%10/10

Strong operational efficiency at 38.8%

EPS GrowthGrowth
141.9%10/10

Earnings expanding 141.9% YoY

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

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

REG4 concerns · Avg: 2.8/10
P/E RatioValuation
26.4x4/10

Moderate valuation

Return on EquityProfitability
7.7%3/10

ROE of 7.7% — below average capital efficiency

PEG RatioValuation
2.612/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.802/10

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 22.6% and operating margin at 22.7%. Revenue growth of 11.3% demonstrates continued momentum.

Bull Case : REG

The strongest argument for REG centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 32.7% and operating margin at 38.8%.

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 : REG

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

Key Dynamics to Monitor

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.

CBL generates stronger free cash flow (86M), providing more financial flexibility.

Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

CBL scores higher overall (70/100 vs 65/100), backed by strong 22.6% margins and 11.3% revenue growth. REG offers better value entry with a 42.1% margin of safety. Both earn "Strong Buy" and "Strong 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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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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