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Curbline Properties Corp.
(NYSE:CURB)
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Rating:72Outperform
Price Target:
$35.00
▲(10.90% Upside)
Action:Reiterated
Date:07/29/26
The score is primarily supported by strong cash flow quality and improving operating performance, reinforced by a positive earnings update with raised OFFO guidance and ample liquidity. Offsetting these strengths are a demanding valuation (very high P/E) and balance-sheet/watch items around rising debt and potential equity-driven dilution, while the technical trend is positive but lacks momentum-indicator confirmation.
Positive Factors
Strong cash generation
Sustained operating and free cash flow growth (FCF ~10.8% TTM and FCF tracking net income) underpins durable self-funding capacity. This strengthens the firm’s ability to fund acquisitions, service debt, and support OFFO without relying solely on external capital, improving long-term financial resilience.
Negative Factors
Rising leverage and balance-sheet data issues
Total debt has risen sharply versus prior years and balance-sheet metrics show reduced confidence, which constrains financial flexibility. Increased leverage can amplify interest and refinancing risk during adverse cycles and limits cushion for acquisitions or downturns unless offset by continued strong cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained operating and free cash flow growth (FCF ~10.8% TTM and FCF tracking net income) underpins durable self-funding capacity. This strengthens the firm’s ability to fund acquisitions, service debt, and support OFFO without relying solely on external capital, improving long-term financial resilience.
Read all positive factors
Curbline Properties Corp. (CURB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.52B
Dividend Yield2.25%
Average Volume (3M)793.63K
Price to Earnings (P/E)111.1
Beta (1Y)0.46
Revenue Growth55.34%
EPS Growth72.13%
CountryUS
Employees39
SectorGeneral
Sector StrengthN/A
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.28
Shares Outstanding115,038,025
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$33.64Price Target Upside6.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)0.17
Revenue Forecast (FY)$248.94M
Curbline Properties Corp. Business Overview & Revenue Model
Company Description
Curbline Properties is the owner and manager of convenience shopping centers. It is positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. The Company is a self-man...
How the Company Makes Money
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Curbline Properties Corp. Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call conveyed a positive growth narrative driven by aggressive acquisitions, strong liquidity and capital markets execution, material sequential and year-over-year NOI growth, raised OFFO guidance (~17% midpoint growth), high occupancy and capital efficiency. Noted risks included same-property NOI deceleration and volatility (recovery revenue and storm impacts), some one-time accounting presentation items, potential share-count dilution from equity settlements, and underpenetration in select Northeast/West Coast markets. On balance, the operational and capital achievements materially outweigh the highlighted near-term headwinds.Positive Updates
Aggressive Acquisition Pace and Raised Investment Target
Acquired $374 million of properties in Q2 and $564 million year-to-date; company raised full-year investment target to $1.0 billion (up from $850 million).
Negative Updates
Same-Property NOI Deceleration and Volatility
Year-to-date same-property NOI growth decelerated to 2%; second-quarter deceleration driven by a 260 basis point headwind from lower-than-forecasted recovery revenue and the small same-property pool (same-property pool represented ~56% of NOI), creating volatility in metrics.
Read all updates
Q2-2026 Updates
Positive
Negative
Aggressive Acquisition Pace and Raised Investment Target
Acquired $374 million of properties in Q2 and $564 million year-to-date; company raised full-year investment target to $1.0 billion (up from $850 million).
Read all positive updates
Company Guidance
Curbline raised full-year OFFO guidance to $1.24–$1.26 per share (midpoint = just over 17% growth) anchored on $1.0 billion of 2026 investments (up from $850M), an assumed ~3.5% cash yield as cash is deployed and declining interest income, CapEx under 10% of NOI (trailing 12‑month CapEx = 8% of NOI), and G&A of roughly $32.0M for the year (Q3 ≈ $8.0M; SITE fees were $1.2M in Q2). Management continues to forecast same‑property NOI growth of about 3% at the midpoint (after Q2 pro‑forma growth of 3.1% and prior-year same‑property of 3.3% in 2025 and 5.8% in 2024), expects a meaningful base‑rent acceleration in the back half driven by its SNO pipeline (vast majority to commence over the next three quarters, ~90% by Mar 31, 2027 and the full pipeline by end of Q3), and plans to fund the remaining ~ $500M of guidance investments from existing liquidity (cash $155M + unsettled equity proceeds $696M => >$800M available) while maintaining ~20% leverage and an expected third‑quarter share count averaging ~114M shares; note a sequential ~$300k decline in below‑market revenue from a Q2 write‑off.Curbline Properties Corp. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 219.15M | 182.89M | 120.88M | 93.66M | 73.14M |
| Gross Profit | 110.61M | 136.95M | 93.28M | 71.75M | 57.76M |
| EBITDA | 149.77M | 124.74M | 53.09M | 64.53M | 53.98M |
| Net Income | 29.36M | 39.83M | 10.26M | 31.01M | 25.73M |
Balance Sheet | |||||
| Total Assets | 2.84B | 2.47B | 2.03B | 921.63M | 758.02M |
| Cash, Cash Equivalents and Short-Term Investments | 154.72M | 289.55M | 626.41M | 566.00K | 77.00K |
| Total Debt | 674.77M | 489.94M | 40.15M | 47.00M | 53.82M |
| Total Liabilities | 748.85M | 556.32M | 90.54M | 58.99M | 66.24M |
| Stockholders Equity | 2.09B | 1.91B | 1.94B | 862.64M | 691.78M |
Cash Flow | |||||
| Free Cash Flow | 133.65M | 124.60M | 54.26M | 59.24M | 49.88M |
| Operating Cash Flow | 133.65M | 124.60M | 54.26M | 59.24M | 49.88M |
| Investing Cash Flow | -1.03B | -803.25M | -437.40M | -186.02M | -323.46M |
| Financing Cash Flow | 618.48M | 341.79M | 1.01B | 126.91M | 273.33M |
Curbline Properties Corp. Technical Analysis
Neutral
31.56
Price Trends
30.24
Negative
28.61
Positive
26.31
Positive
Market Momentum
0.08
Positive
43.02
Neutral
14.33
Positive
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 31.56 is above the 20-day moving average (MA) of 30.85, above the 50-day MA of 30.24, and above the 200-day MA of 26.31, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 43.02 is Neutral, neither overbought nor oversold. The STOCH value of 14.33 is Positive, 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 51 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.81B | 23.06 | 7.39% | 5.58% | 9.65% | 2.28% | |
72 Outperform | $3.52B | 111.14 | 1.50% | 2.19% | 55.34% | 72.13% | |
71 Outperform | $2.11B | 20.44 | 9.27% | 5.53% | 9.28% | 41.75% | |
68 Neutral | $3.14B | 64.94 | 2.95% | 3.57% | 4.69% | 102.76% | |
68 Neutral | $2.76B | 24.90 | 6.10% | 2.68% | 9.91% | 518.94% | |
64 Neutral | $2.19B | 150.32 | 0.96% | 3.92% | 21.86% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
CURB
Curbline Properties Corp.
30.05
8.18
37.38%
GTY
Getty Realty
33.57
7.12
26.93%
AKR
Acadia Realty
21.66
3.17
17.13%
FCPT
Four Corners Property
25.17
1.25
5.23%
IVT
InvenTrust Properties
34.08
7.47
28.06%
NTST
NETSTREIT
21.08
3.34
18.80%
Curbline Properties Corp. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Curbline Properties Announces Forward Equity Offering for Growth
Positive
Jul 1, 2026
On June 29, 2026, Curbline Properties Corp. and its operating partnership entered an underwriting agreement with major investment banks for a forward offering of 10,000,000 common shares, including a 30-day option for underwriters to buy up to 1,5...
Business Operations and StrategyExecutive/Board Changes
Curbline Properties enhances executive contracts and retention incentives
Positive
Jun 25, 2026
On June 25, 2026, Curbline Properties Corp. and its subsidiary Curbline TRS LLC amended and restated employment agreements with Executive Vice President, Chief Financial Officer and Treasurer Conor Fennerty and Executive Vice President, Chief Inve...
Business Operations and StrategyPrivate Placements and Financing
Curbline Properties Launches New $400 Million ATM Program
Neutral
Jun 2, 2026
On June 2, 2026, Curbline Properties Corp. and its operating partnership established a new at-the-market equity offering program of up to $400 million in common stock through a syndicate of major investment banks acting as sales agents, principals...
Executive/Board ChangesShareholder Meetings
Curbline Shareholders Back Directors, Audit Firm and Pay
Positive
May 8, 2026
On May 7, 2026, Curbline Properties Corp. held its annual meeting of stockholders, at which shareholders elected two Class II directors, Jane E. DeFlorio and Barry A. Sholem, to serve until the next annual meeting. Investors also ratified Pricewat...
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.