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SRG vs CBL
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Retail
SRG vs CBL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Retail | REIT - Retail |
| Market Cap | $151M | $1.36B |
| Revenue (TTM) | $18M | $578M |
| Net Income (TTM) | $-74M | $136M |
| Gross Margin | 9.9% | 7.6% |
| Operating Margin | -205.1% | 24.2% |
| Forward P/E | — | 47.7x |
| Total Debt | $240M | $2.17B |
| Cash & Equiv. | $85M | $42M |
SRG vs CBL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 21 | May 26 | Return |
|---|---|---|---|
| Seritage Growth Pro… (SRG) | 100 | 18.6 | -81.4% |
| CBL & Associates Pr… (CBL) | 100 | 141.8 | +41.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SRG vs CBL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SRG is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 1.01, Low D/E 59.1%, current ratio 3.30x
CBL carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.68, yield 5.7%
- Rev growth 12.2%, EPS growth 132.1%, 3Y rev CAGR 0.9%
- 78.3% 10Y total return vs SRG's -89.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 12.2% FFO/revenue growth vs SRG's -15.2% | |
| Quality / Margins | 23.5% margin vs SRG's -404.4% | |
| Stability / Safety | Beta 0.68 vs SRG's 1.01 | |
| Dividends | 5.7% yield, 1-year raise streak, vs SRG's 3.3% | |
| Momentum (1Y) | +88.2% vs SRG's -7.3% | |
| Efficiency (ROA) | 5.1% ROA vs SRG's -12.1%, ROIC 4.2% vs -5.1% |
SRG vs CBL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
SRG vs CBL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — SRG and CBL each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CBL is the larger business by revenue, generating $578M annually — 31.4x SRG's $18M. CBL is the more profitable business, keeping 23.5% of every revenue dollar as net income compared to SRG's -4.0%. On growth, SRG holds the edge at +47.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $18M | $578M |
| EBITDAEarnings before interest/tax | -$30M | $305M |
| Net IncomeAfter-tax profit | -$74M | $136M |
| Free Cash FlowCash after capex | -$48M | $255M |
| Gross MarginGross profit ÷ Revenue | +9.9% | +7.6% |
| Operating MarginEBIT ÷ Revenue | -2.1% | +24.2% |
| Net MarginNet income ÷ Revenue | -4.0% | +23.5% |
| FCF MarginFCF ÷ Revenue | -2.6% | +44.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +47.2% | +18.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +41.5% | +27.9% |
Valuation Metrics
SRG leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $151M | $1.4B |
| Enterprise ValueMkt cap + debt − cash | $306M | $3.5B |
| Trailing P/EPrice ÷ TTM EPS | -0.95x | 10.12x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 47.74x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 11.44x |
| Price / SalesMarket cap ÷ Revenue | 8.57x | 2.35x |
| Price / BookPrice ÷ Book value/share | 0.37x | 3.71x |
| Price / FCFMarket cap ÷ FCF | — | 18.93x |
Profitability & Efficiency
CBL 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 $-20 for SRG. SRG carries lower financial leverage with a 0.59x 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 SRG's 4/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -20.1% | +42.9% |
| ROA (TTM)Return on assets | -12.1% | +5.1% |
| ROICReturn on invested capital | -5.1% | +4.2% |
| ROCEReturn on capital employed | -5.8% | +5.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 7 |
| Debt / EquityFinancial leverage | 0.59x | 5.95x |
| Net DebtTotal debt minus cash | $155M | $2.1B |
| Cash & Equiv.Liquid assets | $85M | $42M |
| Total DebtShort + long-term debt | $240M | $2.2B |
| Interest CoverageEBIT ÷ Interest expense | -1.83x | 1.77x |
Total Returns (Dividends Reinvested)
CBL leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CBL five years ago would be worth $17,832 today (with dividends reinvested), compared to $1,606 for SRG. Over the past 12 months, CBL leads with a +88.2% total return vs SRG's -7.3%. The 3-year compound annual growth rate (CAGR) favors CBL at 30.7% vs SRG's -29.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -21.2% | +20.6% |
| 1-Year ReturnPast 12 months | -7.3% | +88.2% |
| 3-Year ReturnCumulative with dividends | -64.9% | +123.4% |
| 5-Year ReturnCumulative with dividends | -83.9% | +78.3% |
| 10-Year ReturnCumulative with dividends | -89.4% | +78.3% |
| CAGR (3Y)Annualised 3-year return | -29.4% | +30.7% |
Risk & Volatility
CBL leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CBL is the less volatile stock with a 0.68 beta — it tends to amplify market swings less than SRG's 1.01 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CBL currently trades 95.8% from its 52-week high vs SRG's 58.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.01x | 0.68x |
| 52-Week HighHighest price in past year | $4.56 | $45.86 |
| 52-Week LowLowest price in past year | $2.43 | $23.92 |
| % of 52W HighCurrent price vs 52-week peak | +58.8% | +95.8% |
| RSI (14)Momentum oscillator 0–100 | 51.0 | 60.9 |
| Avg Volume (50D)Average daily shares traded | 220K | 171K |
Analyst Outlook
CBL leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates SRG as "Hold" and CBL as "Hold". For income investors, CBL offers the higher dividend yield at 5.69% vs SRG's 3.25%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | — | — |
| # AnalystsCovering analysts | 1 | 22 |
| Dividend YieldAnnual dividend ÷ price | +3.3% | +5.7% |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $0.09 | $2.50 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | +1.3% |
CBL leads in 4 of 6 categories (Profitability & Efficiency, Total Returns). SRG leads in 1 (Valuation Metrics). 1 tied.
SRG vs CBL: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is SRG or CBL 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 -15. 2% for Seritage Growth Properties (SRG). CBL & Associates Properties, Inc. (CBL) offers the better valuation at 10. 1x trailing P/E (47. 7x forward), making it the more compelling value choice. Analysts rate Seritage Growth Properties (SRG) a "Hold" — based on 1 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 is the better long-term investment — SRG or CBL?
Over the past 5 years, CBL & Associates Properties, Inc.
(CBL) delivered a total return of +78. 3%, compared to -83. 9% for Seritage Growth Properties (SRG). Over 10 years, the gap is even starker: CBL returned +78. 3% versus SRG's -89. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — SRG or CBL?
By beta (market sensitivity over 5 years), CBL & Associates Properties, Inc.
(CBL) is the lower-risk stock at 0. 68β versus Seritage Growth Properties's 1. 01β — meaning SRG is approximately 48% more volatile than CBL relative to the S&P 500. On balance sheet safety, Seritage Growth Properties (SRG) carries a lower debt/equity ratio of 59% versus 6% for CBL & Associates Properties, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — SRG or CBL?
By revenue growth (latest reported year), CBL & Associates Properties, Inc.
(CBL) is pulling ahead at 12. 2% versus -15. 2% for Seritage Growth Properties (SRG). On earnings-per-share growth, the picture is similar: CBL & Associates Properties, Inc. grew EPS 132. 1% year-over-year, compared to 1. 1% for Seritage Growth Properties. Over a 3-year CAGR, CBL leads at 0. 9% 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.
05Which has better profit margins — SRG or CBL?
CBL & Associates Properties, Inc.
(CBL) is the more profitable company, earning 23. 5% net margin versus -871. 3% for Seritage Growth Properties — meaning it keeps 23. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CBL leads at 24. 2% versus -259. 9% for SRG. At the gross margin level — before operating expenses — CBL leads at 7. 6%, 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.
06Which pays a better dividend — SRG or CBL?
All stocks in this comparison pay dividends.
CBL & Associates Properties, Inc. (CBL) offers the highest yield at 5. 7%, versus 3. 3% for Seritage Growth Properties (SRG).
07Is SRG or CBL 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: +78. 3%, SRG: -89. 4%), 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.
08What are the main differences between SRG and CBL?
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: SRG is a small-cap income-oriented stock; CBL is a small-cap deep-value 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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