CURB

Curbline Properties Corp.
CURB
Market cap $2.49B

23.75 USD

-0.13

0.54%

At close Nov 15, 4:00 PM EST

After hours

23.75

+0.00

0.00%

1 day

-0.54%

5 days

-3.61%

1 month

1.80%

3 months

9.60%

6 months

9.60%

Year to date

9.60%

1 year

9.60%

5 years

9.60%

10 years

9.60%

About: Curbline Properties Corp is a publicly-traded REIT operating Convenience retail properties, offering enhanced access and visibility relative to other retail property types. The properties generally consist of a ubiquitous row of shop units along with dedicated parking leased to a diversified mixture of national and local service and restaurant tenants that cater to daily convenience trips from the growing suburban population.

Real Estate Real Estate

0

Funds holding %

of 6,704 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

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Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$25

4%

upside

Avg. target

$26

8%

upside

High target

$28

18%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

Piper Sandler Alex Goldfarb 0 / 0 met price target	18%upside $28	Overweight Initiated	17 Oct 2024
Citigroup Nick Joseph 0 / 0 met price target	5%upside $25	Neutral Initiated	8 Oct 2024
JP Morgan Michael Mueller 72% 1-year accuracy 13 / 18 met price target	5%upside $25	Overweight Initiated	4 Oct 2024
Stifel Simon Yarmak 57% 1-year accuracy 17 / 30 met price target	4%upside $25	Buy Initiated	2 Oct 2024

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Financial journalist opinion

Based on 3 articles about CURB published over the past 30 days

Curbline Properties Announces Acquisition and Leasing Update

NEW YORK--(BUSINESS WIRE)--Curbline Properties Corp. (NYSE: CURB), an owner of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities, announced today recent acquisition activity along with leasing metrics for the quarter ended September 30, 2024. “Curbline is off to a strong start as an independent publicly traded company as we look to scale the first public real estate company focuse.

Curbline Properties Announces Acquisition and Leasing Update

5 U.S. REITs Suspend Dividends Amid 2024 Cuts

Five US real estate investment trusts have suspended dividends so far this year, while six other REITs have lowered regular dividend payouts. The activity contrasts with the more than one-third of the US REIT industry that have raised dividends during the first three quarters of 2024. Shopping center landlord SITE Centers Corp. was the most recent addition to the list of REITs that suspended dividends this year.

5 U.S. REITs Suspend Dividends Amid 2024 Cuts

Pivotal Decisions

Ahead of a pivotal week of consequential decisions, U.S. equity markets posted a second-straight week of declines as investors parsed a relatively disappointing slate of employment and inflation data. The pivotal Nonfarm Payrolls report showed that the U.S. economy added just 12k jobs in October - the weakest month since 2020 - with notably weaker trends under the surface. Private employment declined by 28k during the month, fueled by the largest plunge in manufacturing employment since the pandemic shutdown, alongside job declines in retail, transportation, and hospitality.

Pivotal Decisions

Curbline Properties: Evaluating This Recent Spinoff

Curbline Properties, spun out from Site Centers, focuses on convenience centers with a portfolio of 78 assets, 96% leased, and geographically diversified. Convenience centers have lower capex needs compared to shopping centers, making them attractive investments with potential for cap rate compression. Curbline trades at a 5.3% implied cap rate, a 20% premium to private market NAV, enabling accretive external growth through share issuances and acquisitions.

Curbline Properties: Evaluating This Recent Spinoff

An October Surprise

U.S. equity markets extended gains to a fourth-straight week despite a resurgence in benchmark interest rates after a critical slate of employment data showed surprisingly strong labor market trends. One of several strong employment reports, Nonfarm Payrolls data showed that the U.S. economy added 254k jobs in September - the strongest in six months and well above consensus estimates. Combined with a nearly 10% surge in crude oil prices driven by renewed Middle East tensions, markets reflected a significantly less aggressive Fed rate cut path in the months ahead.

An October Surprise

Curbline Properties Announces Tax Basis

NEW YORK--(BUSINESS WIRE)--On October 1, 2024, Curbline Properties Corp. (NYSE: CURB) (“CURB” or “Curbline”) completed its separation from SITE Centers Corp. (NYSE: SITC) (“SITC”) and became an independent publicly traded company. In the separation, SITC distributed two CURB common shares for every SITC common share held by SITC shareholders on the close of business on September 23, 2024 (the “Distribution”). The fair market value of CURB's common stock received by SITC shareholders in the Dist.

Curbline Properties Announces Tax Basis

SITE Centers: Curbline Properties IPO Prices In Line With Valuations

SITE Centers Corp. is a retail REIT focused on retail locations close to residents with a high household income. The company successfully spun off its premium assets in a new REIT called Curbline Properties, achieving a 6% cap rate. Curbline Properties focuses on high-income convenience retail with strong leasing spreads and limited capital expenditure needs.

SITE Centers: Curbline Properties IPO Prices In Line With Valuations

Curbline Properties Announces Completion of Spin-Off from SITE Centers

NEW YORK--(BUSINESS WIRE)--Curbline Properties Corp. (NYSE: CURB) (the “Company” or “Curbline”) today announced that it has completed the previously announced spin-off from SITE Centers Corp. (“SITE Centers”) and is now an independent, publicly traded company that will begin regular-way trading today on the New York Stock Exchange (“NYSE”) under the ticker symbol “CURB.” Curbline is an owner of convenience shopping centers positioned on the curbline of well-trafficked intersections and major ve.

Curbline Properties Announces Completion of Spin-Off from SITE Centers

The Ensign Group Set to Join S&P MidCap 400; Curbline Properties & TransMedics Group to Join S&P SmallCap 600

NEW YORK , Sept. 26, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 and S&P MidCap 400: S&P SmallCap 600 constituent The Ensign Group Inc. (NASD: ENSG) will replace Southwestern Energy Co. (NYSE: SWN) in the S&P MidCap 400 and TransMedics Group, Inc. (NASD: TMDX) will replace The Ensign Group in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, October 1.

The Ensign Group Set to Join S&P MidCap 400; Curbline Properties & TransMedics Group to Join S&P SmallCap 600

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