CBL & Associates Properties, Inc. (CBL) vs Getty Realty Corporation (GTY)

CBL & Associates Properties, Inc. and Getty Realty Corporation are both Reit Retail companies. CBL & Associates Properties, Inc. and Getty Realty Corporation are of similar size ($1.8B and $1.6B). CBL & Associates Properties, Inc. trades at the lower P/E: 7.4× against 17.5×. Getty Realty Corporation grew revenue faster over the last twelve months: 10.9% against 9.03%. Getty Realty Corporation has the higher net margin (41.3% vs 36.4%) and the lower return on invested capital (4.25% vs 45.5%). Both pay a dividend; CBL & Associates Properties, Inc. yields more (6.42% vs 6.39%). Across the 22 metrics below, CBL & Associates Properties, Inc. leads on 14 and Getty Realty Corporation on 8.

Valuation

Metric CBL GTY Reit Retail median
P/E 7.37 17.48 24.82
P/S 2.67 7.45 6.69
P/B 3.72 1.55 1.75
Price to free cash flow 13.29 n/m 13.29
EV/EBITDA 3.86 12.93 15.42
EV/Sales 2.32 12.02 10.60
Earnings yield 13.56% 5.72% 3.91%
Free cash flow yield 7.53% (10.43%) 2.98%

Profitability

Metric CBL GTY Reit Retail median
Gross margin 65.04% 101.01% 71.78%
Operating margin 27.20% 63.79% 34.62%
Net margin 36.36% 41.30% 27.14%
Free cash flow margin 20.07% (77.73%) 18.82%
Return on equity 61.12% 9.14% 7.05%
Return on assets 8.16% 4.47% 3.40%
Return on invested capital 45.53% 4.25% 3.18%

Growth

Metric CBL GTY Reit Retail median
Revenue growth (TTM) 9.03% 10.93% 8.49%
EPS growth (last fiscal year) 132.09% 8.00% —
Revenue growth, 5-year CAGR 0.09% 8.52% 8.62%
Net income growth, 5-year CAGR 0.00% 1.85% 1.85%

Health

Metric CBL GTY Reit Retail median
Debt to equity 0.00 0.95 0.94
Current ratio 0.11 2.26 1.62
Net debt to EBITDA (0.44) 5.14 5.40

Dividend

Metric CBL GTY Reit Retail median
Dividend yield 6.42% 6.39% 4.57%
Payout ratio 0.00 1.21 1.21

Size

Metric CBL GTY Reit Retail median
Market cap 1.62b 1.78b 3.65b

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