Added to YB: 2024-10-21
Pitch date: 2024-10-18
CURB [neutral]
Curbline Properties Corp.
+1.56%
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
$22.55
Price Target
N/A
Dividend
2.75%
EV/EBITDA
27.84
P/E
61.34
EV/Sales
14.78
Sector
Retail REITs
Category
N/A
Idea List: Issue #12 - Curbline Properties Corp.
CURB (slightly overvalued): Convenience retail REIT spin-off from SITE Centers. 78 properties, $939M value, $800M cash, no debt. 2024 est. NOI $88M, 6.5% cap rate implies $2.15B value vs $2.4B market cap. Slightly overvalued, trading at premium due to growth story. Pass at current price, seek discount to NAV.
Read full article (2 min)