CP

Curbline Properties Corp.

CURB·NYSE

$29.06

+0.21%
Real EstateREIT - Retail

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.

At a Glance

Live Snapshot
Market Cap$3.07B
EPS0.3800
P/E Ratio76.47
Earnings Date07/27/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is elevated (P/E 76.5).

Valuation inputs: P/E 76.5, earnings yield +1.3%, momentum +0.2%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +2.1%, ROIC +1.3%).

Profitability stack: net margin +21.8%, ROE +2.1%, ROIC +1.3%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +22.5%, momentum +0.2%, net margin +21.8%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

c

Curbline Properties Corp. Market vs Earnings Trajectory

CURB · NYSE

Loading price and EPS data...

CP

Curbline Properties Corp. Fair Value Envelope

CURB · NYSE

Our analysis suggests that CURB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $29.06, this represents a potential HIDDEN relative to our calculated worth for Curbline Properties Corp..

Intrinsic Value
Current Price: $29.06
3Y+52.0%
5Y+90.0%
10Y+90.0%
3Y+150.0%
5Y+250.0%
10Y+250.0%
3Y+55.0%
5Y+93.0%
10Y+93.0%
3Y+150.0%
5Y+244.0%
10Y+244.0%
3Y+150.0%
5Y+244.0%
10Y+244.0%
3Y+226.0%
5Y+226.0%
10Y+226.0%
CP

Curbline Properties Corp. Profit Bridge

CURB · NYSE
Revenue182.89M
Cost of Goods Sold (45.95M)
Gross Profit136.95M
Operating Expenses (106.33M)
Operating Income30.62M
Interest Expense (12.14M)
Other Income/Expense9.57M
Pretax Income40.19M
Income Tax (307.00K)
Net Income39.83M
Net Income
39.83M

Profitability Analysis

Gross Margin

74.9%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

16.7%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

21.8%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

0.8%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

74.88%
Gross Profit Margin
-3%
3Y-5.0%
5Y-6.0%
10Y-6.0%
16.74%
Operating Profit Margin
-40%
3Y-55.0%
5Y-62.0%
10Y-62.0%
21.78%
Net Profit Margin
157%
3Y-38.0%
5Y-45.0%
10Y-45.0%
2.09%
Return on Equity
295%
3Y-44.0%
5Y-
10Y-
1.61%
Return on Assets
220%
3Y-52.0%
5Y-
10Y-
1.26%
Return on Invested Capital
-26%
3Y-66.0%
5Y-
10Y-
C

Curbline Properties Corp. Cash Conversion Engine

CURB · NYSE
Net Income39.88M
Depreciation & Amortization72.41M
Stock-Based Compensation12.95M
Change in Working Capital1.17M
Others-1.81M
Capital Expenditures0.00
Free Cash Flow124.60M

Cash Flow Quality Analysis

FCF Conversion Rate

312.4%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

FCF Growth Trend

+129.6%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$1.17M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

c

Curbline Properties Corp. Funding & Solvency Profile

CURB · NYSE
Cash & Cash Equivalents305.78M
Net Receivables40.09M
Inventory0.00
Other Current Assets2.53M
Total Current Assets353 M
Property, Plant & Equipment0.00
Goodwill & Intangible Assets140.02M
Long-Term Investments0.00
Other Non-Current Assets2.13B
Total Non-Current Assets2 B
Total Assets
2.62B

Financial Health Analysis

Current Ratio

6.03x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.38x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

295 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

13% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

c

Curbline Properties Corp. Street Expectations Map

CURB · NYSE

Wall Street analysts project that CURB stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 28.50, with estimates ranging from a low of 26.00 to a high of 32.00.

Lowest Target
26.00
-10.53%
Consensus Target
28.50
-1.93%
Highest Target
32.00
10.12%

The consensus 1-year price target stands at 28.50, with estimates ranging from a low of 26.00 to a high of 32.00.

Analyst Consensus Analysis

Upside Potential

-1.9%

Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.

Analyst Agreement

21.1% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

0.96x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Efficient pricing: Stock trading at fair value with strong consensus suggests market has priced in expectations. Look for fundamental inflection points or new catalysts to drive meaningful moves.

c

Curbline Properties Corp. Insider Positioning

CURB · NYSE

During the last 12 months, insiders have sold $8.45M worth of CURB shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

123.4K

3.31M

Net Activity

-3.3M

-$3.31M

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

228.0K

5.14M

Net Activity

-5.1M

-$5.14M

Top Buyers

No buying activity

Top Sellers

1
LDR

Lukes David R

Director, Officer: President & Ceo

323.4K shares4 transactions

$7.81M

2
FC

Fennerty Conor

Officer: Evp, Cfo & Treasurer

28.0K shares1 transactions

$639K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $8.45M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$3.31M

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

High Selling

2 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Persistent selling pressure: Consistent insider selling with weak buy/sell ratio suggests insiders may be capitalizing on current valuation. Exercise caution and review recent earnings quality and management commentary.

0.66%
Dividend Yield
-5%
3Y-
5Y-
10Y-
 

curb Dividend History

CURB
10Y CAGR 4%
Latest $0.17
Annual $0.85
Stable dividend payments
Last Period: +0%