CBL & Associates Properties (CBL) vs Empire State Realty (ESRT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
CBL & Associates Properties (CBL) has outperformed Empire State Realty (ESRT) over the past year, gaining 66.5% versus a loss of 42.4%. CBL & Associates Properties is the larger company by market cap ($1.50 billion vs $1.37 billion), about 1.1 times the size. On valuation, CBL & Associates Properties trades at a lower trailing P/E (7.0x vs 223.5x for Empire State Realty).
CBL & Associates Properties offers the higher dividend yield (3.71% vs 3.13%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CBL | ESRT |
|---|---|---|
| Share price | $48.54 | $4.47 |
| Market cap | $1.50B | $1.37B |
| 1-day change | -2.92% | +0.90% |
| YTD return | +31.19% | -31.44% |
| 1-year return | +66.46% | -42.40% |
| 5-year return | — | -59.07% |
| P/E ratio (TTM) | 7.04 | 223.50 |
| Forward P/E | — | 74.50 |
| EPS (TTM) | $6.89 | $0.02 |
| Dividend yield | 3.71% | 3.13% |
| Annual dividend | $1.80 | $0.14 |
| 52-week high | $60.40 | $8.04 |
| 52-week low | $28.04 | $3.93 |
| Distance from 52-week high | -19.64% | -44.40% |
| Analyst consensus | none | hold |
| Avg. price target upside | +29.79% | +20.81% |
| Average volume | 261.41K | 3.03M |
| Shares outstanding | 30.94M | 172.17M |
| Employees | 408 | 642 |
| Sector | Real Estate | Real Estate |
| Industry | REIT - Retail | REIT - Diversified |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- CBL has outperformed ESRT by 108.9 percentage points over the past year.
- Empire State Realty trades at a higher earnings multiple (223.5x vs 7.0x trailing P/E).
About CBL & Associates Properties
CBL stock →CBL & Associates Properties, Inc. is headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.
Real Estate · REIT - Retail · 408 employees
About Empire State Realty
ESRT stock →Empire State Realty Trust, Inc. is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets.
Real Estate · REIT - Diversified · 642 employees
CBL vs ESRT FAQ
Which is bigger, CBL & Associates Properties or Empire State Realty?
CBL & Associates Properties (CBL) is larger, with a market capitalization of $1.50B compared with $1.37B for Empire State Realty (ESRT).
Which stock has performed better over the past year, CBL or ESRT?
CBL returned +66.46% over the past 12 months, compared with -42.40% for ESRT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CBL or ESRT?
CBL has the lower trailing P/E at 7.0, versus 223.5 for ESRT. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, CBL & Associates Properties or Empire State Realty?
CBL & Associates Properties has the higher yield at 3.71%, compared with 3.13% for Empire State Realty.
Are CBL & Associates Properties and Empire State Realty in the same industry?
Both are in the Real Estate sector, but in different industries: REIT - Retail for CBL & Associates Properties and REIT - Diversified for Empire State Realty.