Curbline Properties assumed with a Hold at Truist

Truist assumed coverage of Curbline Properties (CURB) with a Hold rating and $22 price target following the completion of its spin-out from Site Centers Corp. (SITC). Curbline’s “liquid balance sheet and strong management can enable outsized growth,” but funds from operations and net asset value estimates may be volatile due to unvested equity reset, the analyst tells investors in a research note. Further, the firm says there is still transaction risk as the company executes additional acquisitions.