Curbline Properties (CURB)
Market Price (7/5/2026): $30.335 | Market Cap: $3.6 BilSector: Real Estate | Industry: Retail REITs
Curbline Properties (CURB)
Market Price (7/5/2026): $30.335Market Cap: $3.6 BilSector: Real EstateIndustry: Retail REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 54% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 60%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 60% Low stock price volatilityVol 12M is 21% Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, Smart Buildings & Proptech, and Experience Economy & Premiumization. Themes include ESG REITs, Show more. | Trading close to highsDist 52W High is -4.2%, Dist 3Y High is -4.2% Weak multi-year price returns3Y Excs Rtn is -29% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.22 | Expensive valuation multiplesP/SPrice/Sales ratio is 18x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 68x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 30x, P/EPrice/Earnings or Price/(Net Income) is 110x Key risksCURB key risks include [1] its high valuation and [2] a decline in revenue and earnings growth. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 54% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 60%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 60% |
| Low stock price volatilityVol 12M is 21% |
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, Smart Buildings & Proptech, and Experience Economy & Premiumization. Themes include ESG REITs, Show more. |
| Trading close to highsDist 52W High is -4.2%, Dist 3Y High is -4.2% |
| Weak multi-year price returns3Y Excs Rtn is -29% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.22 |
| Expensive valuation multiplesP/SPrice/Sales ratio is 18x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 68x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 30x, P/EPrice/Earnings or Price/(Net Income) is 110x |
| Key risksCURB key risks include [1] its high valuation and [2] a decline in revenue and earnings growth. |
Qualitative Assessment
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Updated on 7/1/2026
Curbline Properties (CURB) stock has gained about 20% since 3/31/2026 because of the following key factors:
1. Curbline Properties reported robust fiscal Q1 2026 earnings, significantly surpassing analyst expectations. The company announced on April 28, 2026, an earnings per share (EPS) of $0.28, which notably exceeded the consensus estimate of $0.05 by $0.23. Additionally, quarterly revenue for the fiscal quarter ending March 31, 2026, increased by 51.0% year-over-year to $57.99 million, also beating analysts' projections of $53.34 million. This strong financial performance provided a positive catalyst for the stock early in the period.
2. The company pursued an aggressive acquisition strategy, significantly expanding its portfolio and securing substantial capital for future growth during fiscal Q2 2026. As of June 1, 2026, Curbline had acquired 31 convenience shopping centers for $386.3 million year-to-date, with projections for fiscal Q2 acquisitions to be the highest quarterly volume since its spin-off. To fund these and future acquisitions, Curbline raised over $100 million in gross proceeds through an at-the-market (ATM) equity offering program in May 2026. Furthermore, a public offering of 10 million shares, aiming to raise approximately $308.5 million, closed on July 1, 2026, with proceeds intended for property acquisitions and general corporate purposes.
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Curbline Properties (CURB) stock has gained about 20% since 3/31/2026 because of the following key factors:
1. Curbline Properties reported robust fiscal Q1 2026 earnings, significantly surpassing analyst expectations. The company announced on April 28, 2026, an earnings per share (EPS) of $0.28, which notably exceeded the consensus estimate of $0.05 by $0.23. Additionally, quarterly revenue for the fiscal quarter ending March 31, 2026, increased by 51.0% year-over-year to $57.99 million, also beating analysts' projections of $53.34 million. This strong financial performance provided a positive catalyst for the stock early in the period.
2. The company pursued an aggressive acquisition strategy, significantly expanding its portfolio and securing substantial capital for future growth during fiscal Q2 2026. As of June 1, 2026, Curbline had acquired 31 convenience shopping centers for $386.3 million year-to-date, with projections for fiscal Q2 acquisitions to be the highest quarterly volume since its spin-off. To fund these and future acquisitions, Curbline raised over $100 million in gross proceeds through an at-the-market (ATM) equity offering program in May 2026. Furthermore, a public offering of 10 million shares, aiming to raise approximately $308.5 million, closed on July 1, 2026, with proceeds intended for property acquisitions and general corporate purposes.
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Updated on 7/1/2026
Curbline Properties (CURB) stock has gained about 20% since 3/31/2026 because of the following key factors:
1. Curbline Properties reported robust fiscal Q1 2026 earnings, significantly surpassing analyst expectations. The company announced on April 28, 2026, an earnings per share (EPS) of $0.28, which notably exceeded the consensus estimate of $0.05 by $0.23. Additionally, quarterly revenue for the fiscal quarter ending March 31, 2026, increased by 51.0% year-over-year to $57.99 million, also beating analysts' projections of $53.34 million. This strong financial performance provided a positive catalyst for the stock early in the period.
2. The company pursued an aggressive acquisition strategy, significantly expanding its portfolio and securing substantial capital for future growth during fiscal Q2 2026. As of June 1, 2026, Curbline had acquired 31 convenience shopping centers for $386.3 million year-to-date, with projections for fiscal Q2 acquisitions to be the highest quarterly volume since its spin-off. To fund these and future acquisitions, Curbline raised over $100 million in gross proceeds through an at-the-market (ATM) equity offering program in May 2026. Furthermore, a public offering of 10 million shares, aiming to raise approximately $308.5 million, closed on July 1, 2026, with proceeds intended for property acquisitions and general corporate purposes.
3. A favorable outlook for the retail real estate sector, particularly convenience centers, contributed to investor confidence. Analysts predict commercial real estate investment activity in the U.S. to increase by 16% in 2026, reaching $562 billion. Curbline Properties, specializing in convenience centers in suburban, high household income communities, benefits from this trend as demand in the retail sector is expected to be driven by expanding grocery, discount, and services retailers that rely on physical locations. This positive macroeconomic environment for its niche market supported the stock's upward trend.
Show less
Curbline Properties (CURB) stock has gained about 20% since 3/31/2026 because of the following key factors:
1. Curbline Properties reported robust fiscal Q1 2026 earnings, significantly surpassing analyst expectations. The company announced on April 28, 2026, an earnings per share (EPS) of $0.28, which notably exceeded the consensus estimate of $0.05 by $0.23. Additionally, quarterly revenue for the fiscal quarter ending March 31, 2026, increased by 51.0% year-over-year to $57.99 million, also beating analysts' projections of $53.34 million. This strong financial performance provided a positive catalyst for the stock early in the period.
2. The company pursued an aggressive acquisition strategy, significantly expanding its portfolio and securing substantial capital for future growth during fiscal Q2 2026. As of June 1, 2026, Curbline had acquired 31 convenience shopping centers for $386.3 million year-to-date, with projections for fiscal Q2 acquisitions to be the highest quarterly volume since its spin-off. To fund these and future acquisitions, Curbline raised over $100 million in gross proceeds through an at-the-market (ATM) equity offering program in May 2026. Furthermore, a public offering of 10 million shares, aiming to raise approximately $308.5 million, closed on July 1, 2026, with proceeds intended for property acquisitions and general corporate purposes.
3. A favorable outlook for the retail real estate sector, particularly convenience centers, contributed to investor confidence. Analysts predict commercial real estate investment activity in the U.S. to increase by 16% in 2026, reaching $562 billion. Curbline Properties, specializing in convenience centers in suburban, high household income communities, benefits from this trend as demand in the retail sector is expected to be driven by expanding grocery, discount, and services retailers that rely on physical locations. This positive macroeconomic environment for its niche market supported the stock's upward trend.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 18.3% change in CURB stock from 3/31/2026 to 7/4/2026 was primarily driven by a 78.6% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 7042026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.64 | 30.34 | 18.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 183 | 202 | 10.5% |
| Net Income Margin (%) | 21.8% | 16.2% | -25.4% |
| P/E Multiple | 61.4 | 109.7 | 78.6% |
| Shares Outstanding (Mil) | 95 | 119 | -19.6% |
| Cumulative Contribution | 18.3% |
Market Drivers
3/31/2026 to 7/4/2026| Return | Correlation | |
|---|---|---|
| CURB | 18.3% | |
| Market (SPY) | 14.5% | 4.5% |
| Sector (XLRE) | 9.4% | 56.3% |
Fundamental Drivers
The 32.3% change in CURB stock from 12/31/2025 to 7/4/2026 was primarily driven by a 92.4% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 7042026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.93 | 30.34 | 32.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 164 | 202 | 23.5% |
| Net Income Margin (%) | 25.5% | 16.2% | -36.3% |
| P/E Multiple | 57.0 | 109.7 | 92.4% |
| Shares Outstanding (Mil) | 104 | 119 | -12.6% |
| Cumulative Contribution | 32.3% |
Market Drivers
12/31/2025 to 7/4/2026| Return | Correlation | |
|---|---|---|
| CURB | 32.3% | |
| Market (SPY) | 9.5% | 9.9% |
| Sector (XLRE) | 11.5% | 54.8% |
Fundamental Drivers
The 36.6% change in CURB stock from 6/30/2025 to 7/4/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 6302025 | 7042026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.21 | 30.34 | 36.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 202 | 0.0% |
| Net Income Margin (%) | � | 16.2% | 0.0% |
| P/E Multiple | � | 109.7 | 0.0% |
| Shares Outstanding (Mil) | 105 | 119 | -11.8% |
| Cumulative Contribution | 0.0% |
Market Drivers
6/30/2025 to 7/4/2026| Return | Correlation | |
|---|---|---|
| CURB | 36.6% | |
| Market (SPY) | 21.6% | 16.7% |
| Sector (XLRE) | 10.6% | 49.7% |
Fundamental Drivers
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Market Drivers
6/30/2023 to 7/4/2026| Return | Correlation | |
|---|---|---|
| CURB | ||
| Market (SPY) | 74.0% | 36.9% |
| Sector (XLRE) | 30.2% | 54.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CURB Return | - | - | - | 4% | 3% | 31% | 40% |
| Peers Return | 64% | -11% | 9% | 17% | -4% | 22% | 118% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| CURB Win Rate | - | - | - | 67% | 50% | 71% | |
| Peers Win Rate | 82% | 38% | 57% | 62% | 43% | 66% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| CURB Max Drawdown | - | - | - | - | -14% | -10% | |
| Peers Max Drawdown | -12% | -31% | -20% | -12% | -19% | -7% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: REG, KIM, FRT, BRX, KRG.
[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] 2026 data is for the year up to 7/2/2026 (YTD)
How Low Can It Go
| Event | CURB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -11.5% | -18.8% |
| % Gain to Breakeven | 13.0% | 23.1% |
| Time to Breakeven | 196 days | 79 days |
In The Past
Curbline Properties's stock fell -11.5% during the 2025 US Tariff Shock. Such a loss loss requires a 13.0% gain to breakeven.
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In The Past
Curbline Properties's stock fell -11.5% during the 2025 US Tariff Shock. Such a loss loss requires a 13.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Curbline Properties (CURB)
Curbline Properties (CURB) is a Real Estate Investment Trust (REIT) that uniquely specializes in what it defines as "convenience real estate." As a REIT, the company generates revenue by acquiring, owning, and managing a portfolio of these specific types of retail properties, which it then leases out to tenants.
The company's core assets, its convenience properties, are distinguished by their strategic positioning. They are consistently located on the curbline of well-trafficked intersections and major vehicular corridors in highly desirable markets. These properties are specifically designed to offer superior access, prominent visibility, and dedicated parking, making them exceptionally convenient for both tenants and their customers.
Curbline Properties primarily serves businesses that thrive on high consumer traffic and the need for quick, easy customer access. Its market comprises various retail and service tenants who benefit from these prime locations. The company’s focus on providing these highly accessible and visible sites in key areas helps its tenants efficiently capture and serve customers, establishing Curbline Properties as a specialist in this niche real estate sector.
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The Realty Income for highly visible, curbline retail properties.
A specialized Realty Income focused on easy-access, drive-up retail real estate.
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- Convenience Real Estate Leasing: Providing leasable retail and service properties strategically located on high-traffic curblines to various businesses.
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David Lukes
President & Chief Executive Officer David Lukes has served as President and Chief Executive Officer of Curbline Properties since November 2023. He also holds the titles of President and Chief Executive Officer for SITE Centers, a position he has held since March 2017. Prior to his current roles, Mr. Lukes served as Chief Executive Officer of Equity One, Inc., an owner, developer, and operator of shopping centers, from 2014 to 2017. He was also the President and Chief Executive Officer of Sears Holding Corporation affiliate Seritage Realty Trust, a real estate company, from 2012 to 2014. From 2010 to 2012, Mr. Lukes was President and Chief Executive Officer of Olshan Properties (formerly Mall Properties, Inc.), a privately owned real estate firm. His career also includes various senior management positions at Kimco Realty Corporation from 2002 to 2010, where he served as Chief Operating Officer from 2008 to 2010.Conor Fennerty
Executive Vice President, Chief Financial Officer and Treasurer Conor Fennerty has served as Executive Vice President, Chief Financial Officer, and Treasurer of Curbline Properties since November 2023. He also holds the same roles for SITE Centers, having been appointed in November 2019. Before becoming CFO, Mr. Fennerty served as SITE Centers' Senior Vice President of Capital Markets from 2017 to 2019. Prior to joining SITE Centers, he was a Vice President and Senior Analyst at BlackRock, Inc., a global funds manager, from 2014 to 2017. He also worked as an Analyst at Cohen & Steers Capital Management, an asset manager focused on real assets, from 2012 to 2014, and was part of the global investment research division of Goldman Sachs from 2010 to 2012.Lesley Solomon
Executive Vice President, General Counsel and Secretary Lesley Solomon has served as Executive Vice President, General Counsel, and Secretary of Curbline Properties since April 2024. She previously held the role of General Counsel and Secretary for CatchMark Timber Trust, Inc., a REIT specializing in timberland investment, from 2018 to 2022. Before that, Ms. Solomon was a partner at Alston & Bird LLP from 2006 to 2018, where her practice focused on mergers and acquisitions, capital raises, and compliance with Exchange Act and stock exchange listing standards.John Cattonar
Executive Vice President and Chief Investment Officer John Cattonar has served as Executive Vice President and Chief Investment Officer of Curbline Properties since November 2023. He has held this role at SITE Centers since May 2021, and before that, he was Senior Vice President of Investments at SITE Centers from 2017 to 2021. Mr. Cattonar's prior experience includes serving as Vice President of Asset Management for Equity One from 2015 to 2017 and at Sears Holding Corporation affiliate Seritage Realty Trust from 2012 to 2015.AI Analysis | Feedback
Here are the key risks to Curbline Properties (CURB):
- Premium Valuation and Potential Earnings Quality Concerns: Curbline Properties trades at a notably high valuation, with a P/E ratio of 73.18, which is considered elevated compared to historical averages and its strip center peers. This premium valuation suggests the stock may be overbought, potentially leading to short-term volatility. Analysts have noted the company as either slightly overvalued or at a premium to its intrinsic value. Furthermore, there are potential warning signs regarding earnings quality, indicated by a Sloan Ratio of 29.09%, and a dividend payout ratio of 1.72, which may not be sustainable in the long term.
- Inherent Volatility of the Real Estate Market and Evolving Consumer Behavior: As a Real Estate Investment Trust (REIT) focused on convenience properties, Curbline Properties is exposed to the inherent volatility of the real estate market. A significant risk also stems from potential changes in consumer behavior that could impact convenience shopping centers. Shifts in how consumers shop or utilize these curbline locations, especially with shorter lease terms, could lead to weaker tenant demand and softer same-property net operating income, amplifying earnings volatility.
- Execution Risk of Acquisition Strategy: Curbline Properties has an ambitious growth strategy that involves making substantial quarterly acquisitions. There is an execution risk associated with effectively managing this strategy, including successfully identifying and integrating attractive acquisition targets. The company's growth is contingent on its ability to continue sourcing these acquisitions while interest rates and tenant health remain supportive, and it faces the risk of acquisition spreads compressing. Failure to execute this strategy effectively could hinder its ability to achieve expected earnings growth.
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The accelerating adoption of Electric Vehicles (EVs) poses a clear emerging threat. Properties owned by Curbline Properties are positioned on vehicular corridors with dedicated parking, indicating a reliance on automotive traffic. A significant segment of convenience real estate tenants includes gas stations and related businesses that cater to internal combustion engine vehicles. As EV adoption increases, the demand for gasoline and associated services will decline, potentially decreasing the viability of traditional gas stations as tenants. While some properties may be converted to EV charging stations, the economic model, usage patterns, and spatial requirements for these differ significantly from traditional fueling stations, which could impact lease rates and property values for a core component of Curbline's portfolio.
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The addressable market size for convenience real estate, Curbline Properties' main product, cannot be definitively identified with a specific market value in the provided information. Therefore, the response is null.
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Here are 3-5 expected drivers of future revenue growth for Curbline Properties (CURB) over the next 2-3 years:
- Strategic Acquisitions of Convenience Real Estate Properties: Curbline Properties has demonstrated a strong focus on expanding its portfolio through strategic acquisitions of convenience centers. The company significantly exceeded its acquisition guidance in 2025, acquiring nearly $800 million in assets, and plans for approximately $700 million in investments for 2026, positioning acquisitions as a key driver of scale and earnings power. This aggressive acquisition strategy, fueled by available capital and a deep pipeline, is central to its growth trajectory as the first publicly traded REIT exclusively focused on this niche.
- Organic Growth Through Increasing Same-Property Net Operating Income (NOI): The company anticipates continued growth from its existing portfolio. Curbline forecasts same-property NOI growth of approximately 2.8% at the midpoint for 2025 and 3% at the midpoint for 2026. This organic growth is driven by factors such as contractual rent escalations and effective property management within its high-demand convenience real estate assets.
- Robust Leasing Activity and High Occupancy Rates Leading to Favorable Rent Spreads: Curbline Properties consistently maintains high occupancy, with its portfolio lease rate steady at 96.7%. The company has successfully signed new leases and renewals at healthy spreads, with new leases averaging around 20% and renewals just under 10% in 2025, indicating strong pricing power and demand for its properties. This strong leasing performance ensures consistent and growing rental income.
- Expansion into New Affluent Suburban Markets: Curbline Properties strategically targets convenience properties in desirable, high household income suburban submarkets. This focus allows the company to capitalize on areas with strong demographics and often limited new retail development due to stringent zoning, creating a scarcity value for its well-positioned assets. The company's significant addressable market within the U.S. convenience property sector provides ample runway for continued expansion into these high-growth areas.
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Share Repurchases
- Curbline Properties' Board of Directors authorized a $250 million share repurchase program on October 2, 2025.
Share Issuance
- From October 2025 through February 2026, Curbline sold approximately 14.4 million common stock shares on a forward basis, generating anticipated gross proceeds of $354.9 million. These proceeds are primarily intended to fund future acquisitions and are expected to settle by December 31, 2026.
- On February 10, 2026, Curbline announced an underwritten public offering of 8 million shares of its common stock on a forward basis, priced at approximately $204 million. The underwriters also have a 30-day option to purchase up to an additional 1.2 million shares.
- The net proceeds from the settlement of these forward sale agreements are planned for general corporate purposes, including property acquisitions, working capital, capital expenditures, or debt repayment.
Inbound Investments
- In the fourth quarter of 2025, Curbline closed on the first tranche of a $200 million private placement offering, with the remaining balance funded in January 2026.
- Since its formation, the company has raised a total of $600 million in debt capital, including an inaugural private placement notes offering of $150 million in the second quarter of 2025.
Outbound Investments
- In 2025, Curbline acquired nearly $800 million in assets.
- Year-to-date as of March 2, 2026, Curbline acquired 10 convenience shopping centers for $111.4 million.
- For 2026, the company has set an acquisition target of $700 million.
Capital Expenditures
- Net proceeds from the settlement of the February 2026 forward sale agreements are intended for general corporate purposes, which may include capital expenditures.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 30.77 |
| Mkt Cap | 10.0 |
| Rev LTM | 1,350 |
| Op Inc LTM | 493 |
| FCF LTM | 497 |
| FCF 3Y Avg | 624 |
| CFO LTM | 646 |
| CFO 3Y Avg | 624 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.0% |
| Rev Chg 3Y Avg | 6.3% |
| Rev Chg Q | 6.7% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Inc Chg LTM | 10.5% |
| Op Inc Chg 3Y Avg | 8.2% |
| Op Mgn LTM | 34.8% |
| Op Mgn 3Y Avg | 35.2% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 50.5% |
| CFO/Rev 3Y Avg | 49.2% |
| FCF/Rev LTM | 49.7% |
| FCF/Rev 3Y Avg | 47.4% |
Price Behavior
Price Behavior
| Market Price | $30.34 | |
| Market Cap ($ Bil) | 3.6 | |
| First Trading Date | 10/01/2024 | |
| Distance from 52W High | -4.2% | |
| 50 Days | 200 Days | |
| DMA Price | $28.87 | $24.87 |
| DMA Trend | up | up |
| Distance from DMA | 5.1% | 22.0% |
| 3M | 1YR | |
| Volatility | 23.4% | 20.6% |
| Downside Capture | -14.39 | 14.71 |
| Upside Capture | 48.44 | 48.33 |
| Correlation (SPY) | 5.9% | 17.0% |
CURB Betas & Captures as of 6/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.33 | -0.05 | 0.08 | 0.15 | 0.27 | 0.06 |
| Up Beta | -0.66 | -0.27 | 0.01 | -0.19 | 0.28 | 0.06 |
| Down Beta | 0.36 | 0.07 | -0.19 | 0.18 | 0.17 | -0.19 |
| Up Capture | -21% | 32% | 46% | 51% | 37% | 10% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 12 | 24 | 36 | 69 | 131 | 223 |
| Down Capture | -75% | -41% | -17% | -5% | 19% | 48% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 9 | 17 | 26 | 55 | 116 | 205 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CURB | |
|---|---|---|---|---|
| CURB | 36.9% | 20.6% | 1.42 | - |
| Sector ETF (XLRE) | 9.9% | 14.1% | 0.44 | 49.8% |
| Equity (SPY) | 21.7% | 12.5% | 1.29 | 16.7% |
| Gold (GLD) | 23.1% | 27.7% | 0.73 | -0.8% |
| Commodities (DBC) | 21.3% | 18.6% | 0.90 | -22.1% |
| Real Estate (VNQ) | 13.6% | 13.8% | 0.68 | 53.8% |
| Bitcoin (BTCUSD) | -42.0% | 42.7% | -1.15 | 8.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CURB | |
|---|---|---|---|---|
| CURB | 7.2% | 22.8% | 0.80 | - |
| Sector ETF (XLRE) | 3.4% | 19.1% | 0.08 | 54.0% |
| Equity (SPY) | 13.3% | 17.1% | 0.60 | 36.9% |
| Gold (GLD) | 17.9% | 18.3% | 0.79 | 1.1% |
| Commodities (DBC) | 6.9% | 19.5% | 0.25 | -3.7% |
| Real Estate (VNQ) | 3.1% | 18.9% | 0.06 | 57.2% |
| Bitcoin (BTCUSD) | 12.2% | 53.8% | 0.41 | 17.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CURB | |
|---|---|---|---|---|
| CURB | 3.5% | 22.8% | 0.80 | - |
| Sector ETF (XLRE) | 6.8% | 20.4% | 0.29 | 54.0% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 36.9% |
| Gold (GLD) | 12.1% | 16.1% | 0.61 | 1.1% |
| Commodities (DBC) | 5.7% | 18.0% | 0.25 | -3.7% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 57.2% |
| Bitcoin (BTCUSD) | 59.0% | 66.2% | 0.99 | 17.1% |
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Returns Analyses
Earnings Returns History
Updated 7/1/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | 1.5% | -3.7% | 2.2% |
| 2/9/2026 | 1.5% | 3.7% | 7.3% |
| 10/28/2025 | -1.9% | -5.7% | -3.3% |
| 7/28/2025 | -1.8% | -6.3% | -3.9% |
| 4/24/2025 | -1.5% | -2.2% | -4.7% |
| 2/11/2025 | 1.7% | 0.7% | -1.7% |
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 2 |
| # Negative | 3 | 4 | 4 |
| Median Positive | 1.5% | 2.2% | 4.7% |
| Median Negative | -1.8% | -4.7% | -3.6% |
| Max Positive | 1.7% | 3.7% | 7.3% |
| Max Negative | -1.9% | -6.3% | -4.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | 1.5% | -3.7% | 2.2% |
| 2/9/2026 | 1.5% | 3.7% | 7.3% |
| 10/28/2025 | -1.9% | -5.7% | -3.3% |
| 7/28/2025 | -1.8% | -6.3% | -3.9% |
| 4/24/2025 | -1.5% | -2.2% | -4.7% |
| 2/11/2025 | 1.7% | 0.7% | -1.7% |
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 2 |
| # Negative | 3 | 4 | 4 |
| Median Positive | 1.5% | 2.2% | 4.7% |
| Median Negative | -1.8% | -4.7% | -3.6% |
| Max Positive | 1.7% | 3.7% | 7.3% |
| Max Negative | -1.9% | -6.3% | -4.7% |
Recent Forward Guidance
Updated 5/31/2026Latest: Q1 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Income | 0.29 | 0.33 | 0.36 | -9.7% | Lowered | Guidance: 0.36 for 2026 | |
| 2026 Operating FFO | 1.2 | 1.22 | 1.23 | 2.1% | Raised | Guidance: 1.19 for 2026 | |
| 2026 FFO | 1.19 | 1.21 | 1.22 | ||||
Prior: Q4 2025 Earnings Reported 2/9/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Income | 0.32 | 0.36 | 0.4 | -1.4% | Lower New | Actual: 0.36 for 2025 | |
| 2026 Operating FFO | 1.17 | 1.19 | 1.21 | 13.9% | Higher New | Actual: 1.04 for 2025 | |
Insider Activity
Updated 6/25/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lukes, David R | President & CEO | Direct | Sell | 3172026 | 26.83 | 83,663 | 2,244,595 | 13,591,491 | Form |
| 2 | Lukes, David R | President & CEO | Direct | Sell | 3172026 | 26.80 | 39,749 | 1,065,233 | 15,818,378 | Form |
| 3 | Lukes, David R | President & CEO | Direct | Sell | 8082025 | 22.45 | 100,000 | 2,245,500 | 18,982,604 | Form |
| 4 | Lukes, David R | President & CEO | Direct | Sell | 8082025 | 22.54 | 100,000 | 2,253,600 | 21,304,678 | Form |
| 5 | Fennerty, Conor | EVP, CFO & Treasurer | Direct | Sell | 6302025 | 22.81 | 28,000 | 638,568 | 4,026,627 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lukes, David R | President & CEO | Direct | Sell | 3172026 | 26.83 | 83,663 | 2,244,595 | 13,591,491 | Form |
| 2 | Lukes, David R | President & CEO | Direct | Sell | 3172026 | 26.80 | 39,749 | 1,065,233 | 15,818,378 | Form |
| 3 | Lukes, David R | President & CEO | Direct | Sell | 8082025 | 22.45 | 100,000 | 2,245,500 | 18,982,604 | Form |
| 4 | Lukes, David R | President & CEO | Direct | Sell | 8082025 | 22.54 | 100,000 | 2,253,600 | 21,304,678 | Form |
| 5 | Fennerty, Conor | EVP, CFO & Treasurer | Direct | Sell | 6302025 | 22.81 | 28,000 | 638,568 | 4,026,627 | Form |
Industry Resources
| Real Estate Resources |
| The Real Deal |
| Commercial Observer |
| Inman |
| Retail REITs Resources |
| ICSC |
| Shopping Center Business |
| Chain Store Age - Real Estate |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 7/4/2026