Added to YB: 2024-11-06
Pitch date: 2024-11-04
CURB [bullish]
Curbline Properties Corp.
+3.61%
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
$22.10
Price Target
36.00 (+57%)
Dividend
2.75%
EV/EBITDA
27.84
P/E
61.34
EV/Sales
14.78
Sector
Retail REITs
Category
value
Quick Value #242 - Curbline Properties (CURB)
CURB: Recent REIT spin-off with 79 convenience retail properties. $800M cash (34% of market cap), no debt. Plans to deploy $1.7-2.2B in 3-4 years at 6.5-8% cap rates. Current portfolio: $85-90M NOI, 3%+ organic growth. Differentiated small-format assets with minimal capex needs. Potential $36/share in 4 years at 5% cap rate.
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