Curbline Properties Corp. (CURB) AI Stock Analysis

• Market Cap: $2.39B
• Dividend Yield: 2.81%
• Average Volume (3M): 411.49K
• Price to Earnings (P/E): 186.2
• Beta (1Y): 0.48
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 37
• Sector: Real Estate
• Sector Strength: 67
• Industry: REIT - Retail
• EPS (TTM): 0.10
• Shares Outstanding: 105,215,060
• 10 Day Avg. Volume: 534,281
• 30 Day Avg. Volume: 411,486
• PEG Ratio: -3.56
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 44.87
• Enterprise Value/Market Cap: 0.77
• Enterprise Value/Revenue: 7.44
• Enterprise Value/Gross Profit: 23.92
• Enterprise Value/Ebitda: 19.81
• 1Y Price Target: $26.40
• Price Target Upside: 16.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 75 Outperform
• Price Target: ―

Curbline Properties Corp. is positioned strongly with robust financial health and positive earnings guidance, backed by strong leasing and acquisition activities. However, the high valuation and mixed technical indicators pose potential risks. The company's ability to manage economic challenges and tenant occupancy volatility will be crucial for future performance.

Positive Factors

Financial Performance

Curbline Properties Corp. achieved a core FFO that beat expectations due to interest income, indicating strong financial performance.

Liquidity and Capitalization

The company has no debt outstanding and maintains significant liquidity with $1.1 billion available, enhancing financial stability.

Occupancy and Leasing

Same store leased occupancy increased to 96.9%.

Negative Factors

Interest Income

Interest income is projected to decline in 2025 as cash is invested in acquisitions, potentially impacting short-term earnings.

Tenant Structure

CURB owns smaller convenience-focused centers that predominantly do not have an anchor tenant to drive traffic as the small shop tenants can drive their own traffic.

Valuation

The current valuation is seen as already encompassing strong future growth prospects, leading to a Hold rating.

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 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 Money

Curbline Properties Corp. generates revenue primarily through rental income from its portfolio of commercial and residential properties. The company invests in high-demand urban areas, ensuring steady leasing income and potential for property appreciation. CURB also engages in property development, creating new real estate projects that are either sold for profit or added to its leasing portfolio. Additionally, the company may form strategic partnerships with construction firms and real estate agencies to optimize its development processes and increase market reach. Revenue is further supplemented by property management fees from third-party owners who utilize CURB's expertise in managing their real estate assets.

Curbline Properties Corp. Financial Statement Overview

Summary

Curbline Properties Corp. demonstrates strong revenue growth and a solid balance sheet with low leverage. The company manages cash flow effectively, maintaining positive free cash flow. However, profitability margins present some challenges, indicating room for improvement in generating returns for shareholders.

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.

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.

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.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement		Total Revenue
103.12M	120.88M	93.66M	73.14M
	Gross Profit
77.28M	93.28M	71.75M	57.76M
	EBIT
17.14M	33.93M	34.54M	27.36M
	EBITDA
44.19M	53.09M	64.53M	53.98M
	Net Income Common Stockholders
6.60M	10.26M	31.01M	25.73M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
594.04M	626.41M	566.00K	77.00K
	Total Assets
1.38B	2.03B	921.63M	758.02M
	Total Debt
144.78M	40.15M	47.00M	53.82M
	Net Debt
-449.26M	-586.26M	46.44M	53.74M
	Total Liabilities
185.22M	90.54M	58.99M	66.24M
	Stockholders Equity
1.93B	1.94B	862.64M	691.78M
Cash Flow		Free Cash Flow
47.30M	54.26M	59.24M	49.88M
	Operating Cash Flow
47.30M	54.26M	59.24M	49.88M
	Investing Cash Flow
-484.78M	-437.40M	-186.02M	-323.46M
	Financing Cash Flow
1.03B	1.01B	126.91M	273.33M

Curbline Properties Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FCPT	79 Outperform	$2.77B	25.77	7.62%	5.16%	6.20%	0.28%
GTY	76 Outperform	$1.63B	23.98	7.23%	6.40%	7.80%	4.15%
CURB	75 Outperform	$2.39B	186.15		2.81%	―	―
IVT	74 Outperform	$2.18B	122.77	1.07%	3.38%	7.45%	119.81%
WSR	70 Outperform	$1.26B	20.57	7.33%	4.35%	4.39%	24.45%
AKR	65 Neutral	$2.61B	118.66	0.92%	4.07%	2.62%	84.20%
Sector *	61 Neutral	$2.85B	10.72	0.40%	6.07%	5.80%	-21.26%

Curbline Properties Corp. Corporate Events

Curbline Properties Elects New Directors at Annual Meeting

On May 7, 2025, Curbline Properties Corp. held its annual meeting of stockholders where key decisions were made regarding the company’s leadership and financial oversight. Linda B. Abraham and David R. Lukes were elected as Class I directors, with Lukes receiving a notably higher number of votes in favor. Additionally, the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025 was overwhelmingly approved, indicating strong shareholder support for the company’s financial governance.