Added to YB: 2024-10-18
Pitch date: 2024-10-17
CURB [neutral]
Curbline Properties Corp.
+2.8%
current return
Author Info
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Company Info
Curbline Properties is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities.
Market Cap
$2.4B
Pitch Price
$22.28
Price Target
N/A
Dividend
2.75%
EV/EBITDA
27.84
P/E
61.34
EV/Sales
14.78
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)