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Ares Real Estate Income Trust vs CBL & Associates Properties: ZARE and CBL compared
Ares Real Estate Income Trust is the larger company: $151M of revenue in its latest quarter (Q2 2026) against $149M for CBL & Associates Properties (Q3 2026). Ares Real Estate Income Trust is growing faster (+28% against +7% a year earlier). Ares Real Estate Income Trust is more profitable, with an operating margin of 70.2% against 8.0%.
Where the money goes: ZARE and CBL
Ares Real Estate Income Trust (ZARE) · Q2 2026
Ares Real Estate Income Trust, Q2 2026: revenue $151M (+28% year over year), operating margin 70.2%, net loss $26.1M, operating cash flow $189M. The chart follows the revenue to costs, profit and cash.
CBL & Associates Properties (CBL) · Q3 2026
CBL & Associates Properties, Q3 2026: revenue $149M (+7% year over year), operating margin 8.0%, net earnings $11.8M. The chart follows the revenue to costs, profit and cash.
| Ares Real Estate Income Trust (ZARE) | CBL & Associates Properties (CBL) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $151M | $149M |
| Revenue growth, Y/Y | +28% | +7% |
| Operating margin | 70.2% | 8.0% |
| Net earnings | −$26.1M | $11.8M |
| Net margin | -17.3% | 7.9% |
| Operating cash flow | $189M | — |
| Free cash flow | $177M | — |
Where the revenue comes from
CBL & Associates Properties
- Rental revenues: $144M (97%)
- Other: $3.2M (2%)
- Management, development and leasing fees: $1.6M (1%)
Questions
Which is bigger, Ares Real Estate Income Trust or CBL & Associates Properties?
Ares Real Estate Income Trust is the larger company: $151M of revenue in its latest quarter (Q2 2026) against $149M for CBL & Associates Properties (Q3 2026).
Is Ares Real Estate Income Trust or CBL & Associates Properties growing faster?
Ares Real Estate Income Trust is growing faster (+28% against +7% a year earlier).
Which is more profitable, Ares Real Estate Income Trust or CBL & Associates Properties?
Ares Real Estate Income Trust is more profitable, with an operating margin of 70.2% against 8.0%.
More: Ares Real Estate Income Trust earnings · how Ares Real Estate Income Trust makes money · CBL & Associates Properties earnings · how CBL & Associates Properties makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 12, 2026; 8-K filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.