Curbline Properties Corp. (CURB) AI Stock Analysis

• Market Cap: $2.91B
• Dividend Yield: 3.13%
• Average Volume (3M): 793.63K
• Price to Earnings (P/E): 74.1
• Beta (1Y): 0.50
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 37
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.09
• Shares Outstanding: 105,367,940
• 10 Day Avg. Volume: 1,175,760
• 30 Day Avg. Volume: 793,626
• PEG Ratio: 0.20
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 13.32
• P/FCF Ratio: 19.56
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 17.13
• Enterprise Value/Gross Profit: 22.88
• Enterprise Value/Ebitda: 25.12
• 1Y Price Target: $28.67
• Price Target Upside: 1.92% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 0.21
• Revenue Forecast (FY): $222.32M

• Rating: 70 Outperform
• Price Target: $28.00 ▼(-0.46% Downside)
• Action: Upgraded Date: 02/14/26
• Date: Action: Upgraded 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.

Leasing strength

High leasing spreads and strong occupancy reflect persistent tenant demand and pricing power in convenience‑oriented retail. Structural rent uplift from new and renewal deals supports repeatable same‑property NOI growth and long‑term margin sustainability across market cycles.

Liquidity & balance sheet optionality

Substantial immediate liquidity and modest reported leverage give management the flexibility to fund acquisitions, opportunistically repay or refinance debt, and absorb near‑term interest swings. This structural financial headroom supports scaling without forcing distressed asset sales.

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.

Earnings volatility

Recurring but lumpy non‑operating items like lease termination fees produce uneven net income and FFO timing. This volatility complicates forward modeling, obscures true operating trends, and undermines the predictability investors rely on for REIT cash distributions and capital allocation.

Acquisition execution risk

Growth guidance assumes significant acquisitions but only ~50% of the planned 2026 investment is committed. The remaining pipeline faces diligence and closing risk; failure to execute would directly reduce projected FFO growth and delay expected scale benefits.

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 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 buying land, constructing buildings, and selling or leasing them for profit. Additionally, CURB earns fees from property management services, which include maintaining and leasing properties on behalf of owners. Strategic partnerships with local governments and community organizations enhance CURB's ability to identify lucrative investment opportunities and streamline development processes, further contributing to its revenue generation.

Curbline Properties Corp. Financial Statement Overview

Summary

Revenue growth and improved operating/free cash flow into 2025 are supportive, and earnings rebounded meaningfully in 2025 after a weak 2024. Offsetting this, profitability has been volatile year to year and debt stepped up materially in 2025, increasing financial risk versus the prior low-leverage profile.

Income Statement

Revenue has grown consistently from 2022 to 2025, with solid momentum in 2024 and continued growth in 2025. Profitability is a key swing factor: 2022–2023 show very strong profit levels, but 2024 saw a sharp drop in net income and weaker operating profitability before rebounding meaningfully in 2025. The main strength is the steady top-line trajectory; the main weakness is the volatility in profit performance year to year.

Balance Sheet

The company has a large equity base relative to assets, and leverage looked very low in 2022–2024. However, total debt increased materially in 2025 versus prior years, which raises financial risk and reduces balance-sheet flexibility compared with the earlier profile. Returns on equity in 2023–2024 were modest, indicating the asset base is not translating into consistently strong bottom-line returns.

Cash Flow

Cash generation is a strength: operating cash flow and free cash flow improved significantly by 2025, and free cash flow is positive across all periods shown. That said, 2024 free cash flow declined versus 2023 and cash conversion was not as strong that year, pointing to some variability in cash generation. Overall, the cash profile appears supportive, with improving capacity in the latest period.

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

• Technical Analysis Sentiment: Positive
• Last Price: 28.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: 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 28.13 is above the 20-day moving average (MA) of 26.01, above the 50-day MA of 24.53, and above the 200-day MA of 23.07, indicating a bullish trend. The MACD of 1.03 indicates Negative momentum. The RSI at 79.43 is Negative, neither overbought nor oversold. The STOCH value of 92.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CURB.

Curbline Properties Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IVT	76 Outperform	$2.39B	21.64	6.65%	3.26%	9.40%	1433.20%
FCPT	75 Outperform	$2.79B	23.28	7.56%	6.10%	8.28%	1.49%
GTY	74 Outperform	$1.95B	24.21	7.79%	6.77%	8.17%	9.96%
CURB	70 Outperform	$2.91B	74.08	2.72%	3.13%	―	―
NTST	69 Neutral	$2.25B	249.15	0.50%	4.61%	19.92%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AKR	62 Neutral	$2.73B	215.58	0.57%	3.83%	8.85%	27.38%

Curbline Properties Corp. Corporate Events

Curbline Properties Launches Forward Equity Offering to Fund Growth

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 additional 1,200,000-share option for the underwriters. The offering, conducted off the company’s automatic shelf registration statement, closed on February 12, 2026, under customary terms and did not itself represent any assurance about the company’s current condition.

In parallel on February 10, 2026, Curbline executed forward sale agreements with affiliates of the underwriters, and on February 12, 2026, those forward sellers borrowed and sold the 8,000,000 common shares into the market. The company expects to physically settle the forward sales within roughly 18 months of February 10, 2026, and intends to use any resulting net cash proceeds for general corporate purposes, including potential property acquisitions, debt repayment, working capital and capital expenditures, signaling a move to bolster its balance sheet and growth capacity.

The most recent analyst rating on (CURB) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Curbline Properties Corp. stock, see the CURB Stock Forecast page.