CBL vs IIPR

Comparison between CBL& Associates Properties Inc - New (CBL, Company) and Innovative Industrial Properties Inc (IIPR, Company).

Both CBL and IIPR are from the Real Estate sector.

5-Year PerformanceCBL has outperformed IIPR, delivering a return of +23.0% compared to -14.7%

CBL vs IIPR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBL(COMPANY)	IIPR(COMPANY)
Market Cap	$1.76B	$1.77B
Max Drawdown	39.44%	84.42%
Sharpe Ratio	2.76	0.74
5Y Beta	0.70	0.69
Industry	Reit - Retail	Reit - Industrial
P/E Ratio	10.06	14.60
Forward P/E	N/A	15.04
PEG Ratio	0.06	0.00
Dividend Yield	3.15%	12.00%
5Y Dividends CAGR	N/A	13.12%
5Y EPS CAGR	N/A	3.72%
Debt to Equity	1050.70%	0.00%
Free Cash Flow Yield	15.38%	11.33%
P/S Ratio	2.94	6.97
P/B Ratio	4.32	1.04

Market Cap

CBL

$1.76B

Winner

IIPR

$1.77B

Max Drawdown

Winner

CBL

39.44%

IIPR

84.42%

Sharpe Ratio

Winner

CBL

2.76

IIPR

0.74

5Y Beta

CBL

0.70

Winner

IIPR

0.69

Industry

CBL

Reit - Retail

IIPR

Reit - Industrial

P/E Ratio

Winner

CBL

10.06

IIPR

14.60

Forward P/E

CBL

N/A

IIPR

15.04

PEG Ratio

CBL

0.06

Winner

IIPR

0.00

Dividend Yield

CBL

3.15%

Winner

IIPR

12.00%

5Y Dividends CAGR

CBL

N/A

IIPR

13.12%

5Y EPS CAGR

CBL

N/A

IIPR

3.72%

Debt to Equity

CBL

1050.70%

Winner

IIPR

0.00%

Free Cash Flow Yield

Winner

CBL

15.38%

IIPR

11.33%

P/S Ratio

Winner

CBL

2.94

IIPR

6.97

P/B Ratio

CBL

4.32

Winner

IIPR

1.04

CBL vs IIPR - Historical Returns

Returns include dividend reinvestment.

Period	CBL	IIPR
1 month	+11.84%	+4.10%
3 months	+25.97%	+19.13%
6 months	+61.68%	+32.00%
1 year	+114.53%	+28.74%
5 years(CAGR)	+22.96%	-14.66%
10 years(CAGR)	N/A	+19.90%
Max(CAGR)	+22.96%	+19.90%

Winner

CBL

+11.84%

IIPR

+4.10%

Winner

CBL

+25.97%

IIPR

+19.13%

Winner

CBL

+61.68%

IIPR

+32.00%

Winner

CBL

+114.53%

IIPR

+28.74%

5Y(CAGR)

Winner

CBL

+22.96%

IIPR

-14.66%

10Y(CAGR)

CBL

N/A

IIPR

+19.90%

Max(CAGR)

Winner

CBL

+22.96%

IIPR

+19.90%

CBL vs IIPR - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	CBL	IIPR
2026	+56.07%	+32.48%
2025	+35.33%	-19.45%
2024	+25.95%	-28.90%
2023	+12.62%	+12.26%
2022	-14.58%	-56.68%
2021	+4.00%	+52.15%
2020	N/A	+158.90%
2019	N/A	+70.62%
2018	N/A	+27.13%
2017	N/A	+77.27%
2016	N/A	-5.01%

CBL vs IIPR Drawdown Comparison

The maximum drawdown for CBL was -34.02%, occurring on May 10, 2022. Recovery took 638 trading sessions.

The maximum drawdown for IIPR was -78.34%, occurring on Aug 8, 2025. This drawdown has not yet recovered.

The current CBL drawdown is -1.56%. The current IIPR drawdown is -66.63%.

Rank	CBL	IIPR
#1	-34.02% Apr 1, 2022 - Oct 16, 2024	-78.34% Nov 15, 2021 - Aug 8, 2025
#2	-29.03% Feb 14, 2025 - Aug 22, 2025	-65.46% Jul 11, 2019 - Oct 9, 2020
#3	-18.71% Nov 5, 2021 - Mar 28, 2022	-33.22% Jan 2, 2018 - May 25, 2018
#4	-12.31% Sep 11, 2025 - Nov 7, 2025	-24.76% Feb 24, 2021 - Aug 6, 2021
#5	-11.40% Dec 4, 2024 - Feb 13, 2025	-21.36% Jan 5, 2017 - Oct 25, 2017
#6	-10.58% Dec 18, 2025 - Feb 20, 2026	-20.75% Nov 23, 2018 - Jan 17, 2019
#7	-6.48% Jul 1, 2026 - Jul 20, 2026	-19.58% Dec 1, 2016 - Jan 5, 2017
#8	-5.16% Oct 22, 2024 - Nov 6, 2024	-16.79% Jun 11, 2018 - Aug 24, 2018
#9	-4.95% Jun 12, 2026 - Jun 23, 2026	-16.65% Sep 28, 2018 - Nov 16, 2018
#10	-4.05% Apr 27, 2026 - May 8, 2026	-14.18% Mar 21, 2019 - Jun 5, 2019
#11	-3.43% Mar 10, 2026 - Mar 19, 2026	-14.10% Oct 13, 2020 - Nov 5, 2020
#12	-3.29% May 8, 2026 - May 20, 2026	-12.87% Feb 27, 2019 - Mar 15, 2019
#13	-3.11% Nov 7, 2025 - Nov 21, 2025	-12.76% Jun 20, 2019 - Jul 11, 2019
#14	-2.90% Feb 20, 2026 - Mar 10, 2026	-11.21% Dec 22, 2020 - Jan 21, 2021
#15	-2.76% Mar 19, 2026 - Mar 30, 2026	-9.44% Sep 3, 2021 - Oct 20, 2021