CBL
CBL & Associates Properties, Inc.
REIT - Retail
Market Cap$1.35B
5Y Perf.+41.4%
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Stock Comparison
CBL vs SKT
Revenue, margins, valuation, and 5-year total return — side by side.
SKT
Tanger Inc.
REIT - Retail
Market Cap$4.15B
5Y Perf.+82.7%
CBL vs SKT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CBL | SKT |
|---|---|---|
| Industry | REIT - Retail | REIT - Retail |
| Market Cap | $1.35B | $4.15B |
| Revenue (TTM) | $578M | $582M |
| Net Income (TTM) | $136M | $115M |
| Gross Margin | 7.6% | 55.9% |
| Operating Margin | 24.2% | 19.5% |
| Forward P/E | 47.6x | 34.4x |
| Total Debt | $2.17B | $1.69B |
| Cash & Equiv. | $42M | $18M |
CBL vs SKT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CBL
SKT
| Stock | Nov 21 | May 26 | Return |
|---|---|---|---|
| CBL & Associates Pr… (CBL) | 100 | 141.4 | +41.4% |
| Tanger Inc. (SKT) | 100 | 182.7 | +82.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CBL vs SKT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: CBL leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Tanger Inc. is the stronger pick specifically for valuation and capital efficiency and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
CBL
CBL & Associates Properties, Inc.
The Real Estate Income Play
CBL carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 12.2%, EPS growth 132.1%, 3Y rev CAGR 0.9%
- 77.8% 10Y total return vs SKT's 32.2%
- Beta 0.68, yield 5.7%, current ratio 2.55x
Best for: growth exposure and long-term compounding
SKT
Tanger Inc.
The Real Estate Income Play
SKT is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 4 yrs, beta 0.65, yield 3.2%
- Lower volatility, beta 0.65, current ratio 0.30x
- Lower P/E (34.4x vs 47.6x)
Best for: income & stability and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CBL | 12.2% FFO/revenue growth vs SKT's 10.5% |
| Value | SKT | Lower P/E (34.4x vs 47.6x) |
| Quality / Margins | CBL | 23.5% margin vs SKT's 19.7% |
| Stability / Safety | SKT | Beta 0.65 vs CBL's 0.68, lower leverage |
| Dividends | CBL | 5.7% yield, 1-year raise streak, vs SKT's 3.2% |
| Momentum (1Y) | CBL | +89.0% vs SKT's +27.7% |
| Efficiency (ROA) | CBL | 5.1% ROA vs SKT's 4.5%, ROIC 4.2% vs 5.8% |
CBL vs SKT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
Segment breakdown not available.
CBL vs SKT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCBLLAGGINGSKT
SKTTanger Inc.
1leads
CBLCBL & Associates Prop…
3leads
6 Total Categories
CATEGORYLEADERvs SKTMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
CBL5/6
Valuation MetricsMultiples, price ratios, and targets
CBL5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
SKT6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
CBL5/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
CBL leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
SKT and CBL operate at a comparable scale, with $582M and $578M in trailing revenue. Profitability is closely matched — net margins range from 23.5% (CBL) to 19.7% (SKT). On growth, CBL holds the edge at +18.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CBLCBL & Associates … | SKTTanger Inc. |
|---|---|---|
| RevenueTrailing 12 months | $578M | $582M |
| EBITDAEarnings before interest/tax | $305M | $264M |
| Net IncomeAfter-tax profit | $136M | $115M |
| Free Cash FlowCash after capex | $255M | $212M |
| Gross MarginGross profit ÷ Revenue | +7.6% | +55.9% |
| Operating MarginEBIT ÷ Revenue | +24.2% | +19.5% |
| Net MarginNet income ÷ Revenue | +23.5% | +19.7% |
| FCF MarginFCF ÷ Revenue | +44.1% | +36.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +18.8% | +13.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +27.9% | +26.1% |
CBL leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
CBL leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 10.1x trailing earnings, CBL trades at a 72% valuation discount to SKT's 36.2x P/E. On an enterprise value basis, CBL's 11.4x EV/EBITDA is more attractive than SKT's 17.8x.
| Metric | CBLCBL & Associates … | SKTTanger Inc. |
|---|---|---|
| Market CapShares × price | $1.4B | $4.1B |
| Enterprise ValueMkt cap + debt − cash | $3.5B | $5.8B |
| Trailing P/EPrice ÷ TTM EPS | 10.09x | 36.20x |
| Forward P/EPrice ÷ next-FY EPS est. | 47.59x | 34.38x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 11.42x | 17.82x |
| Price / SalesMarket cap ÷ Revenue | 2.34x | 7.13x |
| Price / BookPrice ÷ Book value/share | 3.70x | 5.64x |
| Price / FCFMarket cap ÷ FCF | 18.87x | 20.47x |
CBL leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
SKT leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
CBL delivers a 42.9% return on equity — every $100 of shareholder capital generates $43 in annual profit, vs $16 for SKT. SKT carries lower financial leverage with a 2.30x debt-to-equity ratio, signaling a more conservative balance sheet compared to CBL's 5.95x. On the Piotroski fundamental quality scale (0–9), CBL scores 7/9 vs SKT's 4/9, reflecting strong financial health.
| Metric | CBLCBL & Associates … | SKTTanger Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +42.9% | +16.5% |
| ROA (TTM)Return on assets | +5.1% | +4.5% |
| ROICReturn on invested capital | +4.2% | +5.8% |
| ROCEReturn on capital employed | +5.5% | +7.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 4 |
| Debt / EquityFinancial leverage | 5.95x | 2.30x |
| Net DebtTotal debt minus cash | $2.1B | $1.7B |
| Cash & Equiv.Liquid assets | $42M | $18M |
| Total DebtShort + long-term debt | $2.2B | $1.7B |
| Interest CoverageEBIT ÷ Interest expense | 1.77x | 2.81x |
SKT leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
CBL leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SKT five years ago would be worth $24,307 today (with dividends reinvested), compared to $17,785 for CBL. Over the past 12 months, CBL leads with a +89.0% total return vs SKT's +27.7%. The 3-year compound annual growth rate (CAGR) favors CBL at 29.4% vs SKT's 27.0% — a key indicator of consistent wealth creation.
| Metric | CBLCBL & Associates … | SKTTanger Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +20.2% | +11.2% |
| 1-Year ReturnPast 12 months | +89.0% | +27.7% |
| 3-Year ReturnCumulative with dividends | +116.9% | +104.9% |
| 5-Year ReturnCumulative with dividends | +77.9% | +143.1% |
| 10-Year ReturnCumulative with dividends | +77.8% | +32.2% |
| CAGR (3Y)Annualised 3-year return | +29.4% | +27.0% |
CBL leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
Evenly matched — CBL and SKT each lead in 1 of 2 comparable metrics.
Risk & Volatility
SKT is the less volatile stock with a 0.65 beta — it tends to amplify market swings less than CBL's 0.68 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | CBLCBL & Associates … | SKTTanger Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.68x | 0.65x |
| 52-Week HighHighest price in past year | $45.86 | $37.95 |
| 52-Week LowLowest price in past year | $23.92 | $28.69 |
| % of 52W HighCurrent price vs 52-week peak | +95.5% | +95.4% |
| RSI (14)Momentum oscillator 0–100 | 55.7 | 51.3 |
| Avg Volume (50D)Average daily shares traded | 171K | 734K |
Evenly matched — CBL and SKT each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — CBL and SKT each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CBL as "Hold" and SKT as "Hold". For income investors, CBL offers the higher dividend yield at 5.71% vs SKT's 3.19%.
| Metric | CBLCBL & Associates … | SKTTanger Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | — | $35.67 |
| # AnalystsCovering analysts | 22 | 18 |
| Dividend YieldAnnual dividend ÷ price | +5.7% | +3.2% |
| Dividend StreakConsecutive years of raises | 1 | 4 |
| Dividend / ShareAnnual DPS | $2.50 | $1.15 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.3% | 0.0% |
Evenly matched — CBL and SKT each lead in 1 of 2 comparable metrics.
Key Takeaway
CBL leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). SKT leads in 1 (Profitability & Efficiency). 2 tied.
Best OverallCBL & Associates Properties… (CBL)Leads 3 of 6 categories
Loading custom metrics...
CBL vs SKT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CBL or SKT a better buy right now?
For growth investors, CBL & Associates Properties, Inc.
(CBL) is the stronger pick with 12. 2% revenue growth year-over-year, versus 10. 5% for Tanger Inc. (SKT). CBL & Associates Properties, Inc. (CBL) offers the better valuation at 10. 1x trailing P/E (47. 6x forward), making it the more compelling value choice. Analysts rate CBL & Associates Properties, Inc. (CBL) a "Hold" — based on 22 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CBL or SKT?
On trailing P/E, CBL & Associates Properties, Inc.
(CBL) is the cheapest at 10. 1x versus Tanger Inc. at 36. 2x. On forward P/E, Tanger Inc. is actually cheaper at 34. 4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — CBL or SKT?
Over the past 5 years, Tanger Inc.
(SKT) delivered a total return of +143. 1%, compared to +77. 9% for CBL & Associates Properties, Inc. (CBL). Over 10 years, the gap is even starker: CBL returned +77. 8% versus SKT's +32. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CBL or SKT?
By beta (market sensitivity over 5 years), Tanger Inc.
(SKT) is the lower-risk stock at 0. 65β versus CBL & Associates Properties, Inc. 's 0. 68β — meaning CBL is approximately 5% more volatile than SKT relative to the S&P 500. On balance sheet safety, Tanger Inc. (SKT) carries a lower debt/equity ratio of 2% versus 6% for CBL & Associates Properties, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — CBL or SKT?
By revenue growth (latest reported year), CBL & Associates Properties, Inc.
(CBL) is pulling ahead at 12. 2% versus 10. 5% for Tanger Inc. (SKT). On earnings-per-share growth, the picture is similar: CBL & Associates Properties, Inc. grew EPS 132. 1% year-over-year, compared to 13. 6% for Tanger Inc.. Over a 3-year CAGR, SKT leads at 9. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CBL or SKT?
CBL & Associates Properties, Inc.
(CBL) is the more profitable company, earning 23. 5% net margin versus 19. 7% for Tanger Inc. — meaning it keeps 23. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SKT leads at 30. 2% versus 24. 2% for CBL. At the gross margin level — before operating expenses — SKT leads at 17. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CBL or SKT more undervalued right now?
On forward earnings alone, Tanger Inc.
(SKT) trades at 34. 4x forward P/E versus 47. 6x for CBL & Associates Properties, Inc. — 13. 2x cheaper on a one-year earnings basis.
08Which pays a better dividend — CBL or SKT?
All stocks in this comparison pay dividends.
CBL & Associates Properties, Inc. (CBL) offers the highest yield at 5. 7%, versus 3. 2% for Tanger Inc. (SKT).
09Is CBL or SKT better for a retirement portfolio?
For long-horizon retirement investors, CBL & Associates Properties, Inc.
(CBL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 68), 5. 7% yield). Both have compounded well over 10 years (CBL: +77. 8%, SKT: +32. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CBL and SKT?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: CBL is a small-cap deep-value stock; SKT is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(CBL: 18.8% · SKT: 13.9%)Net Margin>
%
(CBL: 23.5% · SKT: 19.7%)P/E Ratio<
x
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