Added to YB: 2024-10-18
Pitch date: 2024-10-17
CURB [neutral]
Curbline Properties Corp.
+20.97%
current return
Author Info
Financial Engineering shares stock pitches in concise 12-page reports. Visit the website.
Company Info
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.
Market Cap
$2.8B
Pitch Price
$22.10
Price Target
N/A
Dividend
2.56%
EV/EBITDA
28.16
P/E
70.81
EV/Sales
15.86
Sector
Retail REITs
Category
special_situation
Curbline Properties – new REIT with huge net cash – a no-brainer buy?
CURB (too expensive): New REIT spin-off w/ unique convenience center focus. $800M net cash (1/3 mkt cap) for acquisitions. 78 properties, 95% occupancy. Pros: diversified tenants, growth potential. Cons: cyclical exposure, rich valuation at 30x FFO. Watch for deals & conf call before investing.
Read full article (7 min)