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Curbline Properties Corp. (CURB) 10-Year Financial Performance & Capital Metrics

CURB • • REIT / Real Estate
Real EstateRetail REITsSpecialty Retail PropertiesConvenience & Restaurant Focus
AboutCurbline 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.Show more
  • Revenue $121M +29.1%
  • FFO $52M -17.2%
  • FFO/Share 0.50 -17.5%
  • FFO Payout 0%
  • FFO per Share 0.50 -17.5%
  • NOI Margin 77.17% +0.7%
  • FFO Margin 43.16% -35.8%
  • ROE 0.73% -81.7%
  • ROA 0.69% -81.2%
  • Debt/Assets 1.97% -61.3%
  • Net Debt/EBITDA -7.73 -1207.6%
  • Book Value/Share 18.46 +124.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓High NOI margin of 77.2%
  • ✓Trading at only 1.3x book value

✗Weaknesses

  • ✗Weak 3Y average ROE of 2.8%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg3.4%
5Y Avg3.4%
3Y Avg3.4%
Latest2.35%

Peer Comparison

Convenience & Restaurant Focus
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Size & Scale
Valuation
Per Share
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Quality & Returns
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CURBCurbline Properties Corp.2.53B23.98252.4229.06%11.74%0.88%1.44%0.02
GTYGetty Realty Corp.1.74B30.1524.129.44%34.75%7.35%7.45%0.96
FCPTFour Corners Property Trust, Inc.2.64B24.9123.286.97%38.04%7.1%5.45%0.79

Profit & Loss

Dec 2022Dec 2023Dec 2024
Revenue+73.14M93.66M120.88M
Revenue Growth %-0.28%0.29%
Property Operating Expenses15.38M21.91M27.6M
Net Operating Income (NOI)+---
NOI Margin %---
Operating Expenses+30.4M37.21M59.35M
G&A Expenses3.77M5.21M17.44M
EBITDA+53.99M66.53M75.84M
EBITDA Margin %---
Depreciation & Amortization+26.63M31.99M41.91M
D&A / Revenue %---
Operating Income+27.36M34.54M33.93M
Operating Margin %---
Interest Expense+1.62M1.52M901K
Interest Coverage16.90x22.72x37.66x
Non-Operating Income10K2M22.75M
Pretax Income+25.73M31.01M10.28M
Pretax Margin %---
Income Tax+004K
Effective Tax Rate %---
Net Income+25.73M31.01M10.26M
Net Margin %---
Net Income Growth %-0.21%-0.67%
Funds From Operations (FFO)+---
FFO Margin %---
FFO Growth %-0.2%-0.17%
FFO per Share+---
FFO Payout Ratio %---
EPS (Diluted)+0.250.300.10
EPS Growth %-0.2%-0.68%
EPS (Basic)0.250.300.10
Diluted Shares Outstanding104.78M104.78M105.22M

Balance Sheet

Dec 2022Dec 2023Dec 2024
Total Assets+758.02M921.63M2.03B
Asset Growth %-0.22%1.21%
Real Estate & Other Assets+280K01.32M
PP&E (Net)721.01M874.64M1.26B
Investment Securities000
Total Current Assets+9.71M12.66M686.89M
Cash & Equivalents77K566K626.41M
Receivables1000K1000K1000K
Other Current Assets513K155K6.01M
Intangible Assets27.03M34.33M82.67M
Total Liabilities66.24M58.99M90.54M
Total Debt+53.82M47M40.15M
Net Debt53.74M46.44M-586.26M
Long-Term Debt38.84M25.76M0
Short-Term Borrowings000
Capital Lease Obligations14.97M21.24M40.15M
Total Current Liabilities+12.43M11.99M50.39M
Accounts Payable12.43M11.99M23.72M
Deferred Revenue000
Other Liabilities000
Total Equity+691.78M862.64M1.94B
Equity Growth %-0.25%1.25%
Shareholders Equity691.78M862.64M1.94B
Minority Interest00773K
Common Stock001.05M
Additional Paid-in Capital001.95B
Retained Earnings691.78M862.64M-15.02M
Preferred Stock000
Return on Assets (ROA)0.03%0.04%0.01%
Return on Equity (ROE)0.04%0.04%0.01%
Debt / Assets0.07%0.05%0.02%
Debt / Equity0.08x0.05x0.02x
Net Debt / EBITDA1.00x0.70x-7.73x
Book Value per Share6.608.2318.46

Cash Flow

Dec 2022Dec 2023Dec 2024
Cash from Operations+49.88M59.24M54.26M
Operating CF Growth %-0.19%-0.08%
Operating CF / Revenue %---
Net Income25.73M31.01M10.27M
Depreciation & Amortization26.63M31.99M41.91M
Stock-Based Compensation003.83M
Other Non-Cash Items161K-210K-2.33M
Working Capital Changes-2.63M-3.56M583K
Cash from Investing+-323.46M-186.02M-437.4M
Acquisitions (Net)00-913K
Purchase of Investments-304.59M00
Sale of Investments000
Other Investing0-186.02M-436.49M
Cash from Financing+273.33M126.91M1.01B
Dividends Paid000
Common Dividends000
Debt Issuance (Net)-1000K-1000K-1000K
Share Repurchases00-23K
Other Financing277.13M139.85M1.03B
Net Change in Cash+-245K131K625.69M
Exchange Rate Effect000
Cash at Beginning835K590K721K
Cash at End590K721K626.41M
Free Cash Flow+49.88M59.24M36.47M
FCF Growth %-0.19%-0.38%
FCF / Revenue %---

Key Ratios

Metric202220232024
FFO per Share0.50.60.5
FFO Payout Ratio0%0%0%
NOI Margin78.98%76.6%77.17%
Net Debt / EBITDA1.00x0.70x-7.73x
Debt / Assets7.1%5.1%1.97%
Interest Coverage16.90x22.72x37.66x
Book Value / Share6.68.2318.46
Revenue Growth-28.06%29.06%

Frequently Asked Questions

Valuation & Price

Curbline Properties Corp. (CURB) has a price-to-earnings (P/E) ratio of 252.4x. This suggests investors expect higher future growth.

Growth & Financials

Curbline Properties Corp. (CURB) reported $144.8M in revenue for fiscal year 2024. This represents a 98% increase from $73.1M in 2022.

Curbline Properties Corp. (CURB) grew revenue by 29.1% over the past year. This is strong growth.

Yes, Curbline Properties Corp. (CURB) is profitable, generating $17.0M in net income for fiscal year 2024 (8.5% net margin).

Dividend & Returns

Curbline Properties Corp. (CURB) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.

Industry Metrics

Curbline Properties Corp. (CURB) generated Funds From Operations (FFO) of $70.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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