Curbline Properties Corp. (CURB)
NYSE:CURB
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Curbline Properties Corp.
(NYSE:CURB)
Select Model
Select Model
Rating:70Outperform
Price Target:
$28.00
▲(2.53% Upside)
Action:UpgradedDate:02/14/26
The score is driven primarily by solid fundamentals (revenue growth, improving cash flow, and an earnings rebound) and a constructive technical uptrend. These positives are reinforced by upbeat 2026 FFO growth guidance and strong liquidity, while the main drag is valuation (high P/E) alongside higher debt and profit variability.
Positive Factors
Cash generation
Improved operating cash flow and consistently positive free cash flow by 2025 provide durable internal funding for acquisitions, reduce reliance on external financing for routine CapEx and distributions, and increase resilience to retail cyclicality, supporting multi‑year growth execution.
Negative Factors
Higher leverage
A material increase in debt during 2025 shifts the company away from its prior low‑leverage profile, raising interest‑rate and refinancing exposure. Higher fixed financing costs reduce cushion for operational shocks and limit balance‑sheet flexibility during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Improved operating cash flow and consistently positive free cash flow by 2025 provide durable internal funding for acquisitions, reduce reliance on external financing for routine CapEx and distributions, and increase resilience to retail cyclicality, supporting multi‑year growth execution.
Read all positive factors
Curbline Properties Corp. (CURB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.90B
Dividend Yield3.13%
Average Volume (3M)793.63K
Price to Earnings (P/E)61.2
Beta (1Y)0.55
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees37
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.09
Shares Outstanding105,538,376
10 Day Avg. Volume1,175,760
30 Day Avg. Volume793,626
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)1.28
Price to Sales (P/S)13.32
P/FCF Ratio19.56
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue16.85
Enterprise Value/Gross Profit22.51
Enterprise Value/Ebitda24.71
Forecast
1Y Price Target
$29.60Price Target Upside8.39% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.21
Revenue Forecast (FY)$222.26M
Curbline Properties Corp. Business Overview & Revenue Model
Company Description
Curbline Properties Corp. engages in the business of owning, managing, leasing, and acquiring a portfolio of convenience shopping centers in the United States. The company's properties are generally positioned on the curbline of well-trafficked in...
How the Company Makes Money
Curbline Properties Corp. generates revenue through multiple streams, primarily from rental income derived from its residential and commercial properties. The company also profits from property sales and development projects, where it engages in b...
Curbline Properties Corp. Earnings Call Summary
Earnings Call Date:Feb 09, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational execution, rapid acquisition activity, high occupancy, capital efficiency (low CapEx as a % of NOI), and a confident 2026 FFO growth outlook (~12% at the midpoint). Management highlighted robust liquidity and low leverage that support scaling. Key risks discussed were elevated bad-debt assumptions (a modest headwind), pipeline visibility only covering about half of the 2026 investment target today, short-term interest expense uptick from recent financing, and some lumpy items (lease termination fees). Overall, positive operational momentum and a well-capitalized balance sheet outweigh the manageable near-term headwinds.Positive Updates
Strong Acquisition Activity
Acquired just under $800 million of assets in 2025 and roughly $1 billion since the spin-off; 2026 guidance assumes ~ $700 million of full-year investments with pipeline visibility on about half of that amount.
Negative Updates
Bad Debt / Uncollectible Revenue Headwinds
Q4 same property NOI took a ~50 basis point hit from uncollectible revenue; management assumed ~60 basis points of bad debt for 2026 midpoint guidance (versus ~30 bps in 2025), introducing downside risk to same property NOI.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Acquisition Activity
Acquired just under $800 million of assets in 2025 and roughly $1 billion since the spin-off; 2026 guidance assumes ~ $700 million of full-year investments with pipeline visibility on about half of that amount.
Read all positive updates
Company Guidance
Curbline’s 2026 guidance calls for FFO of $1.17–$1.21 per share (midpoint = +12% YoY), backed by roughly $700 million of full‑year investments, a 3.25% return on cash (with interest income declining as cash is deployed), CapEx of <10% of NOI (Q4 CapEx/NOI = 8.9%; FY 2025 ≈7%), G&A of about $32 million (includes ~$0.97 million in Q4 site fees), same‑property NOI growth of ~3% at the midpoint (guidance range ~2–4%), a 60 bps bad‑debt bogey for modeling (vs ~30 bps in 2025), ~ $8 million of interest expense expected in Q1 due to private placement funding, no expected recurrence of the $1.3 million Q4 lease‑termination fees in Q1, and substantial liquidity to execute the plan (year‑end cash $290M; $600M total debt raised since formation at a weighted ~5% rate; 5.2M forward shares with ~$120M expected proceeds; ~$582M immediate liquidity overall and ending leverage <20%), leaving under ~$100M incremental funding needed to meet the guidance after retained cash flow.Curbline Properties Corp. Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
62
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 182.89M | 120.88M | 93.66M | 73.14M |
| Gross Profit | 136.95M | 93.28M | 71.75M | 57.76M |
| EBITDA | 124.74M | 53.09M | 64.53M | 53.98M |
| Net Income | 39.83M | 10.26M | 31.01M | 25.73M |
Balance Sheet | ||||
| Total Assets | 2.47B | 2.03B | 921.63M | 758.02M |
| Cash, Cash Equivalents and Short-Term Investments | 289.55M | 626.41M | 566.00K | 77.00K |
| Total Debt | 489.94M | 40.15M | 47.00M | 53.82M |
| Total Liabilities | 556.32M | 90.54M | 58.99M | 66.24M |
| Stockholders Equity | 1.91B | 1.94B | 862.64M | 691.78M |
Cash Flow | ||||
| Free Cash Flow | 124.60M | 54.26M | 59.24M | 49.88M |
| Operating Cash Flow | 124.60M | 54.26M | 59.24M | 49.88M |
| Investing Cash Flow | -803.25M | -437.40M | -186.02M | -323.46M |
| Financing Cash Flow | 341.79M | 1.01B | 126.91M | 273.33M |
Curbline Properties Corp. Technical Analysis
Positive
27.31
Price Trends
26.38
Positive
24.82
Positive
23.60
Positive
Market Momentum
0.26
Negative
66.59
Neutral
88.24
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CURB, the sentiment is Positive. The current price of 27.31 is above the 20-day moving average (MA) of 26.29, above the 50-day MA of 26.38, and above the 200-day MA of 23.60, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 66.59 is Neutral, neither overbought nor oversold. The STOCH value of 88.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CURB.
Curbline Properties Corp. Risk Analysis
Curbline Properties Corp. disclosed 50 risk factors in its most recent earnings report. Curbline Properties Corp. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Curbline Properties Corp. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.48B | 19.65 | 6.65% | 3.26% | 9.40% | 1433.20% | |
74 Outperform | $2.01B | 19.46 | 7.86% | 6.77% | 8.17% | 9.96% | |
72 Outperform | $2.74B | 21.07 | 7.40% | 6.10% | 8.28% | 1.49% | |
70 Outperform | $2.90B | 61.18 | 2.07% | 3.13% | ― | ― | |
69 Neutral | $2.22B | 211.40 | 0.51% | 4.61% | 19.92% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | $2.77B | 198.19 | 0.75% | 3.83% | 8.85% | 27.38% |
* Real Estate Sector Average
CURB
Curbline Properties Corp.
27.31
5.17
23.33%
GTY
Getty Realty
33.70
6.89
25.72%
AKR
Acadia Realty
20.97
2.69
14.69%
FCPT
Four Corners Property
24.90
-1.25
-4.78%
IVT
InvenTrust Properties
31.98
5.86
22.43%
NTST
NETSTREIT
20.00
4.55
29.41%
Curbline Properties Corp. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Curbline Properties Launches Forward Equity Offering to Fund Growth
Positive
Feb 12, 2026
On February 10, 2026, Curbline Properties Corp. and its operating partnership entered into an underwriting agreement with Morgan Stanley Co. LLC and BofA Securities, Inc. for a forward equity offering of 8,000,000 common shares, with an additiona...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.