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Investment Highlights Market Valuation Price Chart Return vs. Risk About CURB Interactive Breakdown Better Bets vs. CURB Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Curbline Properties (CURB)

Market Price (10/31/2025): $23.61 | Market Cap: $2.5 Bil
Sector: Real Estate | Industry: Retail REITs

Curbline Properties (CURB)

Market Price (10/31/2025): $23.61
Market Cap: $2.5 Bil
Sector: Real Estate
Industry: Retail REITs

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 47%		 Trading close to highs
Dist 52W High is -4.6%		 Expensive valuation multiples
P/SPrice/Sales ratio is 15x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 50x, P/EPrice/Earnings or Price/(Net Income) is 59x
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 78%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 78%		  
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27%		  
3 Attractive yield
Dividend Yield is 2.5%, FCF Yield is 5.2%		  
4 Low stock price volatility
Vol 12M is 24%		  
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 47%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 78%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 78%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27%
3 Attractive yield
Dividend Yield is 2.5%, FCF Yield is 5.2%
4 Low stock price volatility
Vol 12M is 24%
5 Trading close to highs
Dist 52W High is -4.6%
6 Expensive valuation multiples
P/SPrice/Sales ratio is 15x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 50x, P/EPrice/Earnings or Price/(Net Income) is 59x

Market Valuation & Key Metrics

CURBS&P 500
REVENUE GROWTHVERY GOOD
Rev LTM ($ Bil)0.2
Rev Chg Q63.5%6.4%
Rev Chg LTM46.9%5.4%
Rev Chg 3Y Avg46.9%5.3%
PROFITABILITYGOOD
Op Inc LTM ($ Bil)0.0
CFO LTM ($ Bil)0.1
Net Inc LTM ($ Bil)0.0
Op Mgn LTM14.9%18.7%
CFO/Rev LTM78.0%20.4%
Net Inc Mgn25.5%12.8%
VALUATIONHIGH
P/S15.03.2
P/CFO19.215.5
P/FCF19.220.6
P/E58.723.6
STABILITYVERY GOOD
Debt/Equity0.190.21
Cash/Assets0.180.07

CURB Stock

               
           
Factor Drivers of Stock Movement
The 3.3% change in CURB stock from 5/1/2025 to 10/30/2025 was primarily driven by a 0.0% change in the company's P/E Multiple.

501202510302025Change
Stock Price ($)22.8523.603.28%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)�163.67�
Net Income Margin (%)�25.51%�
P/E Multiple�58.70�
Shares Outstanding (Mil)104.78103.840.89%
Cumulative Contribution�

LTM = Last Twelve Months as of date shown
The 4.1% change in CURB stock from 10/30/2024 to 10/30/2025 was primarily driven by a 0.0% change in the company's P/E Multiple.

1030202410302025Change
Stock Price ($)22.6723.604.09%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)�163.67�
Net Income Margin (%)�25.51%�
P/E Multiple�58.70�
Shares Outstanding (Mil)104.78103.840.89%
Cumulative Contribution�

LTM = Last Twelve Months as of date shown
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Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
CURB Return-----4%8%
Peers Return-26%48%-8%11%13%-1%27%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
CURB Win Rate----50%44% 
Peers Win Rate42%75%47%50%57%58% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
CURB Max Drawdown------7% 
Peers Max Drawdown-54%-5%-27%-17%-8%-14% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: O, FRT, GTY, WSR, SPG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

CURB has limited trading history. Below is the Real Estate sector ETF (XLRE) in its place.

Unique KeyEventXLRES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-37.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven61.0%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-39.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven64.7%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven393 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-13.5%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven15.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven43 days120 days

Compare to


In The Past

Real Estate Select Sector SPDR Fund (The)'s stock fell -37.9% during the 2022 Inflation Shock from a high on 12/31/2021. A -37.9% loss requires a 61.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Curbline Properties (CURB)

Better Bets than Curbline Properties (CURB)

 CURBBetter Performance than CURB
MetricValueIndustry (Retail REITs)
Rev Chg LTM46.9%
Op Mgn LTM14.9%SPG (51.0%), O (43.4%), KIM (33.0%), REG (36.9%), FRT (36.1%)
CFO/Rev LTM78.0%
FCF/Rev LTM78.0%
Total Yield4.2%SPG (4.5%), O (7.2%), KIM (4.2%), REG (7.2%), FRT (4.2%)
 CURBBetter Performance than CURB
MetricValueAll Other Sectors
Rev Chg LTM46.9%NVDA (71.6%), MU (48.9%), APP (48.2%), APH (47.4%), HOOD (59.6%)
Op Mgn LTM14.9%NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AVGO (39.0%)
CFO/Rev LTM78.0%RY (135.4%), SCHW (82.3%), FNV (88.1%), ARES (84.1%), IBKR (157.8%)
FCF/Rev LTM78.0%RY (131.7%), SCHW (79.4%), ARES (82.4%), IBKR (157.2%), RPRX (104.4%)
Total Yield4.2%JPM (6.6%), XOM (9.7%), JNJ (8.2%), BAC (6.8%), BABA (36.3%)
 Best Bets In Real Estate Sector
 CURBCTRE WPC ADC NNN OHI O EPRT GLPI EPR FCPT
What You Pay           
P/E58.730.139.441.919.424.756.824.616.524.922.4
P/EBIT50.226.220.825.013.116.425.317.310.613.415.2
What You Get           
Rev Chg Q63.5%55.3%8.5%18.7%4.6%11.8%4.2%23.7%3.7%5.3%11.0%
Rev Chg LTM46.9%29.7%5.6%14.7%4.8%14.0%15.6%24.2%5.4%-0.6%8.3%
Rev Chg 3Y Avg�14.1%5.6%19.5%6.1%3.9%24.7%24.2%8.1%5.8%9.5%
FCF/Rev 3Y Avg�88.4%84.4%73.1%73.6%71.4%71.0%69.3%66.6%65.1%61.3%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 9.6%, alpha of 3.1%, and sharpe of 0.44

Latest Trefis Analyses

Trade Ideas

Select past ideas related to CURB. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_4302025_Short_Squeeze04302025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-8.8%-8.8%-26.6%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_4302025_Short_Squeeze04302025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-8.8%-8.8%-26.6%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences176.8%409.8%
2PUMPProPetro71.2%16.2%
3RNAAvidity Biosciences43.5%139.6%
4DYNDyne Therapeutics42.8%-0.0%
5GCIGannett39.3%3.8%
6FORMFormFactor38.3%34.7%
7MBXMBX Biosciences35.1%18.2%
8BBNXBeta Bionics33.8% 
9GHGuardant Health33.3%202.5%
10LUMNLumen Technologies32.7%94.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-75.2%5106.3%
2LRNStride-56.1%-35.8%
3NTLAIntellia Therapeutics-52.6%5.2%
4FMCFMC-48.7%-66.6%
5FIFiserv-47.4%-68.3%
6VRNSVaronis Systems-43.8%-21.2%
7THRYThryv-33.4%-44.8%
8NFENew Fortress Energy-30.5%-91.9%
9AKBAAkebia Therapeutics-29.5%10.5%
10UAMYUnited States Antimony-28.9%371.2%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PRAXPraxis Precision Medicines279.1%161.2%
2INBXInhibrx Biosciences131.0%409.8%
3PUMPProPetro99.6%16.2%
4DYNDyne Therapeutics88.4%-0.0%
5VICRVicor85.4%89.2%
6CELCCelcuity74.6%503.2%
7GLUEMonte Rosa Therapeutics73.5%87.5%
8NVTSNavitas Semiconductor72.1%251.8%
9LUMNLumen Technologies70.3%94.7%
10BALYBallys63.4%4.1%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical-62.9%5106.3%
2LRNStride-53.8%-35.8%
3FMCFMC-51.0%-66.6%
4FIFiserv-48.3%-68.3%
5NFENew Fortress Energy-43.6%-91.9%
6VGVenture Global-41.7% 
7OGNOrganon-40.2%-55.0%
8VRNSVaronis Systems-39.5%-21.2%
9ITGRInteger-38.5%-52.2%
10LENZLENZ Therapeutics-37.9%5.5%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences176.8%409.8%
2PUMPProPetro71.2%16.2%
3RNAAvidity Biosciences43.5%139.6%
4DYNDyne Therapeutics42.8%-0.0%
5GCIGannett39.3%3.8%
6FORMFormFactor38.3%34.7%
7MBXMBX Biosciences35.1%18.2%
8BBNXBeta Bionics33.8% 
9GHGuardant Health33.3%202.5%
10LUMNLumen Technologies32.7%94.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-75.2%5106.3%
2LRNStride-56.1%-35.8%
3NTLAIntellia Therapeutics-52.6%5.2%
4FMCFMC-48.7%-66.6%
5FIFiserv-47.4%-68.3%
6VRNSVaronis Systems-43.8%-21.2%
7THRYThryv-33.4%-44.8%
8NFENew Fortress Energy-30.5%-91.9%
9AKBAAkebia Therapeutics-29.5%10.5%
10UAMYUnited States Antimony-28.9%371.2%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Curbline Properties

Financials

CURBOFRTGTYWSRSPGMedian
NameCurbline.Realty I.Federal .Getty Re.Whitesto.Simon Pr. 
Mkt Price23.6057.6494.8727.5612.95173.3542.60
Mkt Cap2.552.08.21.60.756.65.3
Rev LTM1645,3911,2362141576,034725
Op Inc LTM242,337447114543,075280
FCF LTM1283,662346129513,142238
FCF 3Y Avg-3,229271118503,099271
CFO LTM1283,662593130514,021362
CFO 3Y Avg-3,229572118503,887572

Growth & Margins

CURBOFRTGTYWSRSPGMedian
NameCurbline.Realty I.Federal .Getty Re.Whitesto.Simon Pr. 
Rev Chg LTM46.9%15.6%6.0%8.2%4.0%3.3%7.1%
Rev Chg 3Y Avg-24.7%6.5%9.8%5.3%5.1%6.5%
Rev Chg Q63.5%4.2%5.2%8.0%1.5%2.8%4.7%
QoQ Delta Rev Chg LTM13.0%1.0%1.3%2.0%0.4%0.7%1.1%
Op Mgn LTM14.9%43.4%36.1%53.2%34.2%51.0%39.7%
Op Mgn 3Y Avg-42.1%35.0%52.7%33.1%50.3%42.1%
QoQ Delta Op Mgn LTM-1.4%-0.3%1.3%2.6%1.1%-0.5%0.4%
CFO/Rev LTM78.0%67.9%48.0%60.8%32.8%66.6%63.7%
CFO/Rev 3Y Avg-71.0%48.9%59.6%33.0%67.5%59.6%
FCF/Rev LTM78.0%67.9%28.0%60.4%32.8%52.1%56.3%
FCF/Rev 3Y Avg-71.0%22.9%59.4%33.0%53.8%53.8%

Valuation

CURBOFRTGTYWSRSPGMedian
NameCurbline.Realty I.Federal .Getty Re.Whitesto.Simon Pr. 
Mkt Cap2.552.08.21.60.756.65.3
P/S15.09.76.67.34.29.48.3
P/EBIT50.225.315.313.19.716.916.1
P/E58.756.823.621.019.526.825.2
P/CFO19.214.213.712.012.814.113.9
Total Yield4.2%7.2%4.2%11.6%9.1%4.5%5.8%
Dividend Yield2.5%5.4%0.0%6.8%4.0%0.7%3.2%
FCF Yield 3Y Avg-7.0%3.3%7.6%8.5%6.8%7.0%
D/E0.20.60.60.61.00.50.6
Net D/E0.00.50.50.61.00.40.5

Returns

CURBOFRTGTYWSRSPGMedian
NameCurbline.Realty I.Federal .Getty Re.Whitesto.Simon Pr. 
1M Rtn5.8%-5.2%-6.4%2.7%5.5%-7.6%-1.2%
3M Rtn7.6%4.1%4.1%0.9%7.4%7.1%5.6%
6M Rtn3.3%3.2%1.9%1.3%5.2%11.9%3.2%
12M Rtn4.1%0.8%-13.2%-7.8%-4.0%5.8%-1.6%
3Y Rtn-8.5%9.1%4.9%56.8%87.6%9.1%
1M Excs Rtn3.6%-6.3%-6.4%0.3%4.7%-8.3%-3.0%
3M Excs Rtn-0.8%-6.6%-3.5%-9.3%1.2%-0.2%-2.1%
6M Excs Rtn-18.5%-18.5%-19.8%-20.4%-16.6%-9.9%-18.5%
12M Excs Rtn-12.1%-17.7%-29.6%-26.7%-22.7%-11.7%-20.2%
3Y Excs Rtn--64.6%-65.0%-66.4%-13.4%16.4%-64.6%

Financials

$ Mil | FY: 12/312025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
Period End9/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
Filing Date10/29/20257/29/20254/25/20252/21/202511/13/20249/3/20244/25/20259/3/202411/13/2024
Key Financials Quarterly         
Total Revenue494139353028282524
Ebitda33282624-416171717
Operating Income97548111199
Net Income9101111-156889
EPS0.090.100.100.11-0.150.060.080.070.08
Key Financials TTM         
Total Revenue TTM164145132121111106---
Ebitda TTM1117461534667---
Operating Income TTM242428343940---
Net Income TTM42171310631---
Growth Rates Quarterly         
Total Revenue Growth63.5%47.0%38.0%37.1%22.8%----
EBITDA Growth870.9%79.3%47.2%43.8%-125.1%----
Operating Income Growth9.0%-37.7%-55.1%-58.8%-10.3%----
Net Income Growth160.6%66.6%32.3%50.2%-275.5%----
Margins Quarterly         
EBITDA Margin68.2%68.3%66.4%69.2%-14.5%56.0%62.3%65.9%70.8%
Operating Income Margin18.4%15.9%13.1%11.0%27.6%37.5%40.4%36.5%37.8%
Net Income Margin19.2%25.1%27.3%32.8%-51.8%22.1%28.4%29.9%36.2%
Cash & Debt         
Total Cash4304305946263600-1-
Total Debt4561521454030220470
Net Debt / (Cash)26-278-449-58628-578-46-
Cash Flows Quarterly         
FCF from Operations39342529-717151017
Cash Flows TTM         
FCF from Operations TTM1288164543660---
Returns to Shareholders Quarterly         
Dividends171727000000
Share Repurchases-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly         
ROIC1.8%1.6%1.3%1.1%2.9%4.1%-4.1%-
Return on Invested Capital (ROIC) TTM         
ROIC TTM1.2%1.4%1.8%2.5%3.4%4.0%---

Price Behavior

CURB Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta1.180.750.890.580.080.02
Up Beta5.241.641.060.430.09-0.05
Down Beta-0.25-0.130.140.560.27-0.25
Up Capture40%55%71%56%51%5%
Bmk +ve Days13233574144420
Stock +ve Days10203061122122
Down Capture102%76%141%106%80%50%
Bmk -ve Days8192952107330
Stock -ve Days11213261122122

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity5,050,872
Short Interest: % Change Since 93020253.4%
Average Daily Volume524,978
Days-to-Cover Short Interest9.62
Basic Shares Quantity103,844,444
Short % of Basic Shares4.9%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/28/2025-1.9%  
7/28/2025-1.8%-6.3%-3.9%
4/24/2025-1.5%-2.2%-4.7%
2/11/20251.7%0.7%-1.7%
SUMMARY STATS   
# Positive110
# Negative334
Median Positive1.7%0.7% 
Median Negative-1.8%-4.3%-3.9%
Max Positive1.7%0.7% 
Max Negative-1.9%-6.3%-4.7%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251029202510-Q 9/30/2025
6302025729202510-Q 6/30/2025
3312025425202510-Q 3/31/2025
12312024221202510-K 12/31/2024
93020241113202410-Q 9/30/2024
12312023903202410-12B 12/31/2023

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Lukes David RPresident & CEO8082025Sell22.54100,0002,253,60021,304,678Form
1Otto Alexander 10212024Sell22.942245,139182,282,616Form

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