Compass Point last night initiated coverage of Curbline Properties (CURB) with a Neutral rating and $24 price target Curbline is a vertically integrated shopping center owner. The firm expects the company to fund acquisitions using its $800M cash balance while getting unsecured debt on its existing portfolio sometime during 2025, boosting excess funds for further acquisitions. However, Curbline will continue to operate with the lowest leverage in the strip group for some time, contends, Compass Point.
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