CBL & Associates Properties Vs. SITE Centers: Which Is The Better REIT For 2025
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CBL & Associates Properties and SITE Centers are retail-focused REITs with high floating rate debt exposure. CBL is more attractively valued but has higher administrative expenses.
November 13, 2024 | 8:45 pm
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NEUTRAL IMPACT
CBL & Associates Properties is a retail-focused REIT with significant floating rate debt exposure. It is more attractively valued on an enterprise-level and AFFO multiple basis compared to SITE Centers, but reports higher administrative expenses.
CBL is more attractively valued, which could be positive for investors. However, its high floating rate debt and administrative expenses may offset these benefits, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
SITE Centers, a retail-focused REIT, has significant floating rate debt exposure. It is less attractively valued compared to CBL & Associates Properties.
SITE Centers' less attractive valuation compared to CBL and its high floating rate debt exposure suggest a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70