CBL vs. EXR
CBL (CBL & Associates Properties, Inc.) and EXR (Extra Space Storage Inc.) are both stocks. Over the past 3 years, CBL returned 42.52%/yr vs 2.60%/yr for EXR. At a 0.35 correlation, their price movements are largely independent.
Performance
CBL vs. EXR - Performance Comparison
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Returns By Period
In the year-to-date period, CBL achieves a 45.66% return, which is significantly higher than EXR's 13.05% return.
CBL
- 1D
- 0.34%
- 1M
- 5.37%
- 6M
- 42.47%
- YTD
- 45.66%
- 1Y
- 111.46%
- 3Y*
- 42.52%
- 5Y*
- —
- 10Y*
- —
EXR
- 1D
- 0.90%
- 1M
- -3.37%
- 6M
- 5.76%
- YTD
- 13.05%
- 1Y
- 0.28%
- 3Y*
- 2.60%
- 5Y*
- 0.30%
- 10Y*
- 8.45%
CBL vs. EXR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBL CBL & Associates Properties, Inc. | 45.66% | 37.21% | 28.52% | 12.96% | -17.96% | 18.86% |
EXR Extra Space Storage Inc. | 13.05% | -8.92% | -2.81% | 13.86% | -32.82% | 15.72% |
Correlation
The correlation between CBL and EXR is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.35 |
Fundamentals
CBL:
$1.62B
EXR:
$30.41B
CBL:
$5.56
EXR:
$4.34
CBL:
9.42
EXR:
33.21
CBL:
2.79
EXR:
9.24
CBL:
4.04
EXR:
2.38
CBL:
$582.57M
EXR:
$3.39B
CBL:
$139.43M
EXR:
$345.79M
CBL:
$413.31M
EXR:
$2.91B
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Return for Risk
CBL vs. EXR — Risk / Return Rank
CBL
EXR
CBL vs. EXR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CBL & Associates Properties, Inc. (CBL) and Extra Space Storage Inc. (EXR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBL | EXR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.03 | ||
| Sortino ratioReturn per unit of downside risk | +4.66 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.03 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 9.17 | 0.07 | +9.09 |
| Martin ratioReturn relative to average drawdown | 30.27 | 0.15 | +30.11 |
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Drawdowns
CBL vs. EXR - Drawdown Comparison
The maximum CBL drawdown since its inception was -34.02%, smaller than the maximum EXR drawdown of -71.22%. Use the drawdown chart below to compare losses from any high point for CBL and EXR.
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Drawdown Indicators
| CBL | EXR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.02% | -71.22% | +37.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -16.70% | +4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -29.14% | -33.78% | +4.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.36% | — |
Current DrawdownCurrent decline from peak | -5.26% | -23.45% | +18.19% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -13.41% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 8.06% | -4.33% |
Volatility
CBL vs. EXR - Volatility Comparison
CBL & Associates Properties, Inc. (CBL) has a higher volatility of 10.77% compared to Extra Space Storage Inc. (EXR) at 6.11%. This indicates that CBL's price experiences larger fluctuations and is considered to be riskier than EXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBL | EXR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.77% | 6.11% | +4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 21.38% | 17.18% | +4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.72% | 24.99% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.41% | 28.24% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.41% | 26.93% | +5.48% |
Dividends
CBL vs. EXR - Dividend Comparison
CBL's dividend yield for the trailing twelve months is around 4.11%, less than EXR's 4.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBL CBL & Associates Properties, Inc. | 4.11% | 6.76% | 5.44% | 6.14% | 12.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXR Extra Space Storage Inc. | 4.50% | 4.98% | 4.33% | 4.04% | 4.08% | 1.98% | 3.11% | 3.37% | 3.71% | 3.57% | 3.79% | 2.54% |
Financials
CBL vs. EXR - Financials Comparison
This section allows you to compare key financial metrics between CBL & Associates Properties, Inc. and Extra Space Storage Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CBL vs. EXR - Profitability Comparison
CBL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, CBL & Associates Properties, Inc. reported a gross profit of 91.34M and revenue of 145.97M. Therefore, the gross margin over that period was 62.6%.
EXR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Extra Space Storage Inc. reported a gross profit of 0.00 and revenue of 856.03M. Therefore, the gross margin over that period was 0.0%.
CBL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, CBL & Associates Properties, Inc. reported an operating income of 72.75M and revenue of 145.97M, resulting in an operating margin of 49.8%.
EXR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Extra Space Storage Inc. reported an operating income of 367.55M and revenue of 856.03M, resulting in an operating margin of 42.9%.
CBL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, CBL & Associates Properties, Inc. reported a net income of 45.40M and revenue of 145.97M, resulting in a net margin of 31.1%.
EXR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Extra Space Storage Inc. reported a net income of 240.98M and revenue of 856.03M, resulting in a net margin of 28.2%.
Frequently Asked Questions
CBL and EXR have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBL has higher volatility (10.77%) compared to EXR (6.11%). In terms of maximum drawdown, CBL dropped -34.02% vs EXR's -71.22%.
CBL currently has the higher Sharpe Ratio (4.08 vs 0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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