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Curbline Properties Corp. (CURB)
NYSE:CURB
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Curbline Properties Corp.
(NYSE:CURB)
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Select Model
Rating:74Outperform
Price Target:
$26.00
▲(13.79% Upside)
Curbline Properties Corp. benefits from strong financial performance and positive earnings call insights, which are the most significant factors. Technical analysis indicates stability, while valuation suggests potential overvaluation concerns. The overall score reflects a balanced view of strengths and risks.
Positive Factors
Revenue Growth
The significant revenue growth indicates robust demand for Curbline's properties and services, enhancing its market position and long-term profitability potential.
Strong Balance Sheet
A strong balance sheet with low leverage provides financial stability and flexibility, enabling Curbline to invest in growth opportunities and weather economic downturns.
High Lease Rate
A high lease rate reflects strong demand and effective property management, ensuring steady rental income and enhancing long-term financial performance.
Negative Factors
Decreasing Net Profit Margin
A declining net profit margin suggests rising operational costs or inefficiencies, potentially impacting future profitability and shareholder returns.
Lower Cap Rate on Acquisitions
Lower cap rates on acquisitions may reduce investment returns, challenging Curbline's ability to maintain high profitability from new property investments.
Potential for Increased G&A Expenses
Rising G&A expenses can pressure margins and reduce operational efficiency, potentially affecting Curbline's ability to maintain cost-effective growth.
Curbline Properties Corp. (CURB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.39B
Dividend Yield3.19%
Average Volume (3M)549.49K
Price to Earnings (P/E)143.6
Beta (1Y)0.47
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees37
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.10
Shares Outstanding105,220,090
10 Day Avg. Volume536,207
30 Day Avg. Volume549,489
Financial Highlights & Ratios
PEG Ratio-3.56
Price to Book (P/B)1.25
Price to Sales (P/S)20.14
P/FCF Ratio44.87
Enterprise Value/Market Cap0.89
Enterprise Value/Revenue14.70
Enterprise Value/Gross Profit23.00
Enterprise Value/Ebitda31.31
Forecast
1Y Price Target
$26.25Price Target Upside14.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Curbline Properties Corp. Business Overview & Revenue Model
Company DescriptionCurbline 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 intersections and major vehicular corridors that include restaurants, healthcare and wellness, financial services, beverage retail, telecommunications, beauty and hair salons, and fitness, as well as others as tenants. It plans to elect to be treated as a REIT for U.S. federal income tax purposes. Curbline Properties Corp. was incorporated in 2023 and is based in New York, New York.
How the Company Makes MoneyCurbline Properties Corp. generates revenue through multiple streams. Primarily, the company earns income from leasing commercial and residential properties to tenants, providing a steady flow of rental income. Additionally, CURB engages in property development projects, which contribute to earnings through sales of developed units or ongoing management fees. The company also offers real estate consultancy services, generating fees from advising on property investments and management for third-party clients. Strategic partnerships with construction companies and financial institutions further bolster CURB's ability to undertake large-scale developments and secure favorable financing terms, enhancing profitability.
Curbline Properties Corp. Earnings Call Summary
Earnings Call Date:Jul 28, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Feb 17, 2026
Earnings Call Sentiment Positive
The earnings call showcased Curbline Properties' strong leasing and acquisition performance, leading to increased guidance for 2025. The company demonstrated significant growth potential and maintained a solid balance sheet. However, the lower cap rate on recent acquisitions and potential increase in G&A expenses were noted as challenges.Q2-2025 Updates
Positive Updates
Record Leasing Volume
Curbline Properties reported its highest quarterly new leasing volume since tracking began, with nearly 50,000 square feet of new leases signed.
Substantial Property Acquisitions
The company acquired $415 million worth of properties in the second quarter and third quarter to date, significantly exceeding their original 2025 guidance pace.
Increased Guidance for 2025
Curbline raised its 2025 OFFO guidance to a range between $1 and $1.03 per share due to better-than-projected operations and acquisition pacing.
Strong Balance Sheet
The company ended the quarter with almost $430 million of cash and over $1 billion of liquidity, positioning it well for future growth.
High Lease Rate
The company's lease rate increased to 96.1%, among the highest in the sector, driven by strong leasing activity.
Negative Updates
Lower Cap Rate on Acquisitions
Year-to-date cap rates on acquisitions blended to about 6%, down from 6.25% in prior quarters, partly due to vacancies.
Potential for Increased G&A Expenses
As Curbline scales, G&A expenses may increase slightly due to the fee relationship with SITE Centers.
Company Guidance
The guidance provided in the Curbline Properties Corp. call for the second quarter of 2025 highlighted significant growth and strategic investments. The company acquired $415 million in properties during the second and third quarters, reported its highest quarterly new leasing volume, and is in the process of raising $300 million in debt capital. The company's lease rate increased to 96.1%, and it achieved a 22% blended straight-line leasing spread for the trailing 12-month period. Capital expenditures as a percentage of NOI were just over 7%, resulting in nearly $25 million of retained cash before distributions. Curbline raised its 2025 OFFO guidance to between $1 and $1.03 per share, driven by better-than-expected operations and acquisition pacing. The company expects to make approximately $700 million in full-year investments, with a debt-to-EBITDA ratio of less than 1x, maintaining a net cash position of over $300 million by year-end.Curbline Properties Corp. Financial Statement Overview
Summary
Curbline Properties Corp. shows strong revenue growth and a solid balance sheet with low leverage. While profitability margins present some challenges, effective cash flow management maintains positive free cash flow, indicating robust financial health.Income Statement
Curbline Properties Corp. demonstrates strong revenue growth with a 63.4% increase from 2022 to 2024. The gross profit margin in 2024 is robust at 77.2%, indicating efficient cost management. However, the net profit margin decreased to 8.5% in 2024 from 33.1% in 2023, reflecting potential challenges in controlling operational expenses or interest costs.85
Very Positive
Balance Sheet
The company maintains a solid equity base, with an equity ratio of 95.5% in 2024, highlighting stability. The debt-to-equity ratio is low at 0.02, suggesting prudent leverage use. Return on equity is relatively modest at 0.5% in 2024, indicating room for improvement in generating returns for shareholders.78
Positive
Cash Flow
Operating cash flow is stable, aligning closely with net income, which shows good cash conversion. Free cash flow remained positive despite significant investing outflows, underscoring effective cash management. The free cash flow to net income ratio is strong, suggesting a healthy capacity to reinvest or distribute cash.80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 144.74M | 120.88M | 93.66M | 73.14M |
| Gross Profit | 92.48M | 93.28M | 71.75M | 57.76M |
| EBITDA | 67.94M | 53.09M | 64.53M | 53.98M |
| Net Income | 16.99M | 10.26M | 31.01M | 25.73M |
Balance Sheet | ||||
| Total Assets | 2.13B | 2.03B | 921.63M | 758.02M |
| Cash, Cash Equivalents and Short-Term Investments | 429.87M | 626.41M | 566.00K | 77.00K |
| Total Debt | 151.60M | 40.15M | 47.00M | 53.82M |
| Total Liabilities | 204.82M | 90.54M | 58.99M | 66.24M |
| Stockholders Equity | 1.93B | 1.94B | 862.64M | 691.78M |
Cash Flow | ||||
| Free Cash Flow | 76.23M | 54.26M | 59.24M | 49.88M |
| Operating Cash Flow | 81.47M | 54.26M | 59.24M | 49.88M |
| Investing Cash Flow | -665.00M | -437.40M | -186.02M | -323.46M |
| Financing Cash Flow | 1.01B | 1.01B | 126.91M | 273.33M |
Curbline Properties Corp. Technical Analysis
Neutral
22.85
Price Trends
22.36
Positive
22.46
Positive
22.88
Negative
Market Momentum
0.13
Negative
50.13
Neutral
29.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CURB, the sentiment is Neutral. The current price of 22.85 is above the 20-day moving average (MA) of 22.50, above the 50-day MA of 22.36, and below the 200-day MA of 22.88, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 50.13 is Neutral, neither overbought nor oversold. The STOCH value of 29.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $1.49B | 22.86 | 6.87% | 7.29% | 6.62% | -3.87% | |
74 Outperform | $2.39B | 143.60 | 1.16% | 3.19% | ― | ― | |
74 Outperform | $2.51B | 22.35 | 7.73% | 5.90% | 6.28% | 1.21% | |
68 Neutral | $2.62B | 117.86 | 0.95% | 4.01% | 7.09% | 2591.94% | |
67 Neutral | $2.13B | 19.20 | 6.67% | 3.41% | 8.63% | 1412.68% | |
66 Neutral | $1.76B | ― | -0.43% | 4.61% | 21.31% | -199.59% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
* Real Estate Sector Average
CURB
Curbline Properties Corp.
22.85
-0.09
-0.39%
GTY
Getty Realty
25.79
-3.10
-10.73%
AKR
Acadia Realty
19.57
-2.87
-12.79%
FCPT
Four Corners Property
23.94
-3.21
-11.82%
IVT
InvenTrust Properties
27.53
-0.42
-1.50%
NTST
NETSTREIT
18.47
3.81
25.99%
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.