CURB
Curbline Properties Corp.CURB
CURB
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.
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$25
10%
upside
Avg. target
$26
14%
upside
High target
$28
24%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
Piper Sandler Alex Goldfarb 0% 1-year accuracy 0 / 2 met price target | 24%upside $28 | Overweight Initiated | 17 Oct 2024 |
Citigroup Nick Joseph 0 / 0 met price target | 11%upside $25 | Neutral Initiated | 8 Oct 2024 |
JP Morgan Michael Mueller 64% 1-year accuracy 9 / 14 met price target | 11%upside $25 | Overweight Initiated | 4 Oct 2024 |
Stifel Simon Yarmak 47% 1-year accuracy 16 / 34 met price target | 10%upside $25 | Buy Initiated | 2 Oct 2024 |
Financial journalist opinion
Based on 3 articles about CURB published over the past 30 days
Neutral
Business Wire
1 day ago
Curbline Properties Declares $0.25 Per Share Cash Special Dividend
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, today declared a special cash dividend of $0.25 per share. The dividend is payable on January 16, 2025 to stockholders of record at the close of business on December 31, 2024. About Curbline Properties Curbline Properties is an owner and manager of conv.
Positive
Seeking Alpha
2 weeks ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Neutral
Business Wire
3 weeks ago
SITE Centers Announces Tax Estimate for Curbline Properties Distribution
BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Announces Tax Estimate for Curbline Properties Distribution.
Neutral
Business Wire
1 month ago
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.
Negative
Seeking Alpha
1 month ago
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.
Negative
Seeking Alpha
1 month ago
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.
Positive
Seeking Alpha
2 months ago
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.
Positive
Seeking Alpha
2 months ago
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.
Neutral
Business Wire
2 months ago
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.
Positive
Seeking Alpha
2 months ago
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.
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