(CURB) Curbline Properties - Overview
Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 2.989m USD | Total Return: 29.7% in 12m
Avg Turnover: 17.7M
Qual. Beats: 0
Rev. Trend: 99.1%
Warnings
P/E ratio 94.4
Altman Z'' 0.72 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Curbline Properties Corp. (NYSE: CURB) is a self-managed real estate investment trust (REIT) specializing in the ownership and management of convenience shopping centers. The company focuses on assets situated at high-traffic intersections and major vehicular corridors within affluent suburban communities. Incorporated in Maryland in 2023, Curbline operates within the Retail REIT sector, focusing on properties that prioritize accessibility and consumer frequency.
The convenience retail business model typically emphasizes unanchored or small-format strips that benefit from high visibility and daily-needs tenants. Unlike regional malls, these properties often maintain lower capital expenditure requirements and benefit from shorter-duration leases that allow for more frequent rent adjustments. Investors seeking deeper technical analysis of these lease structures may find further data on ValueRay.
- High household income demographics drive resilient tenant sales and rental rate growth
- Strategic focus on unanchored convenience centers captures high-frequency local consumer traffic
- Elevated interest rates increase cost of capital for future property acquisitions
- Portfolio concentration in suburban corridors aligns with post-pandemic hybrid work migration patterns
- Tenant retention rates and occupancy levels dictate recurring funds from operations performance
| Net Income: 32.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 1.58 > 1.0 |
| NWC/Revenue: 145.8% < 20% (prev 464.9%; Δ -319.1% < -1%) |
| CFO/TA 0.05 > 3% & CFO 120.6m > Net Income 32.8m |
| Net Debt (356.4m) to EBITDA (136.2m): 2.62 < 3 |
| Current Ratio: 6.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (118.8m) vs 12m ago 12.96% < -2% |
| Gross Margin: 74.87% > 18% (prev 0.76%; Δ 7.41k% > 0.5%) |
| Asset Turnover: 8.53% > 50% (prev 6.20%; Δ 2.33% > 0%) |
| Interest Coverage Ratio: 2.70 > 6 (EBITDA TTM 136.2m / Interest Expense TTM 19.5m) |
| A: 0.11 (Total Current Assets 353.5m - Total Current Liabilities 58.6m) / Total Assets 2.62b |
| B: -0.02 (Retained Earnings -60.5m / Total Assets 2.62b) |
| C: 0.02 (EBIT TTM 52.6m / Avg Total Assets 2.37b) |
| D: -0.09 (Book Value of Equity -62.3m / Total Liabilities 721.8m) |
| Altman-Z'' = 0.72 = B |
As of May 27, 2026, the stock is trading at USD 28.77 with a total of 731,819 shares traded.
Over the past week, the price has changed by +3.75%,
over one month by +1.55%,
over three months by +2.67% and
over the past year by +29.70%.
Curbline Properties has received a consensus analysts rating of 3.44. Therefore, it is recommended to hold CURB.
- StrongBuy: 1
- Buy: 2
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 30.8 | 7.2% |
P/E Trailing = 94.4
P/E Forward = 50.5051
P/S = 14.7829
P/B = 1.5779
Revenue TTM = 202.2m USD
EBIT TTM = 52.6m USD
EBITDA TTM = 136.2m USD
Long Term Debt = 595.5m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 662.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 66.7m
Net Debt = 356.4m USD (calculated: Debt 662.2m - CCE 305.8m)
Enterprise Value = 3.35b USD (2.99b + Debt 662.2m - CCE 305.8m)
Interest Coverage Ratio = 2.70 (Ebit TTM 52.6m / Interest Expense TTM 19.5m)
EV/FCF = 27.74x (Enterprise Value 3.35b / FCF TTM 120.6m)
FCF Yield = 3.61% (FCF TTM 120.6m / Enterprise Value 3.35b)
FCF Margin = 59.65% (FCF TTM 120.6m / Revenue TTM 202.2m)
Net Margin = 16.24% (Net Income TTM 32.8m / Revenue TTM 202.2m)
Gross Margin = 74.87% ((Revenue TTM 202.2m - Cost of Revenue TTM 50.8m) / Revenue TTM)
Gross Margin QoQ = 73.99% (prev 77.02%)
Tobins Q-Ratio = 1.28 (Enterprise Value 3.35b / Total Assets 2.62b)
Interest Expense / Debt = 2.94% (Interest Expense 19.5m / Debt 662.2m)
Taxrate = 1.90% (69.0k / 3.64m)
NOPAT = 51.6m (EBIT 52.6m * (1 - 1.90%))
Current Ratio = 6.03 (Total Current Assets 353.5m / Total Current Liabilities 58.6m)
Debt / Equity = 0.35 (Debt 662.2m / totalStockholderEquity, last quarter 1.89b)
Debt / EBITDA = 2.62 (Net Debt 356.4m / EBITDA 136.2m)
Debt / FCF = 2.96 (Net Debt 356.4m / FCF TTM 120.6m)
Total Stockholder Equity = 1.91b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.39% (Net Income 32.8m / Total Assets 2.62b)
RoE = 1.66% (Net Income TTM 32.8m / Total Stockholder Equity 1.97b)
RoCE = 2.05% (EBIT 52.6m / Capital Employed (Equity 1.97b + L.T.Debt 595.5m))
RoIC = 2.08% (NOPAT 51.6m / Invested Capital 2.49b)
WACC = 6.70% (E(2.99b)/V(3.65b) * Re(7.54%) + D(662.2m)/V(3.65b) * Rd(2.94%) * (1-Tc(0.02)))
Discount Rate = 7.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.89 | Cagr: 5.71%
[DCF] Terminal Value 77.97% ; FCFF base≈98.0m ; Y1≈112.4m ; Y5≈165.4m
[DCF] Fair Price = 20.20 (EV 2.49b - Net Debt 356.4m = Equity 2.13b / Shares 105.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.14 | # QB: 0
Revenue Correlation: 99.07 | Revenue CAGR: 39.74% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.05 | Chg30d=-16.67% | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.04 | Chg30d=-33.33% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=0.16 | Chg30d=-36.00% | Revisions=N/A | GrowthEPS=-59.0% | GrowthRev=+30.0%
EPS next Year (2027-12-31): EPS=0.34 | Chg30d=-2.86% | Revisions=N/A | GrowthEPS=+112.5% | GrowthRev=+9.4%