CBL & Associates Properties Inc (CBL) and Washington Prime Group (WPG) are both mall REITs that pay a substantial dividend since their stock price has plummetted over the past year. As this time, WPG offers a 16.5% dividend while CBL is offering 18.45% dividend. Both stocks were able to beat and surpass the earnings guidance for the past quarter. This is the first time they have done it in the past couple years so their stock prices have appreciated in the past month.
Out of the two, CBL & Associates Properties Inc (CBL) is valued lower in the two because the CEO last year mentioned that they would need to cut the dividend which caused a big price drop. Therefore, on a stock price basis, CBL is the cheaper of the bunch. Both invest in malls throughout the United States and both carry substantial risk but if you feel the retail apocalypse is over then it should be a good time to pick either stock up.