Curbline Properties (CURB) | Financial Analysis & Statements
Curbline Properties Inc. Mid-cap Real Estate
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
54.1M
Gross Profit
41.7M
77.02%
Operating Income
10.0M
18.47%
Net Income
9.6M
17.65%
EPS (Diluted)
$0.09
Balance Sheet Metrics
Total Assets
2.5B
Total Liabilities
556.3M
Shareholders Equity
1.9B
Debt to Equity
0.29
Cash Flow Metrics
Operating Cash Flow
33.8M
Free Cash Flow
25.9M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Curbline Properties Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 182.9M | 120.9M | 93.7M | 73.1M | 52.3M |
| Cost of Goods Sold | 45.9M | 27.6M | 21.9M | 15.4M | 10.8M |
| Gross Profit | 136.9M | 93.3M | 71.7M | 57.8M | 41.5M |
| Gross Margin % | 74.9% | 77.2% | 76.6% | 79.0% | 79.4% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 33.9M | 17.4M | 5.2M | 3.8M | 3.3M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 33.9M | 17.4M | 5.2M | 3.8M | 3.3M |
| Operating Income | 30.6M | 33.9M | 34.5M | 27.4M | 23.2M |
| Operating Margin % | 16.7% | 28.1% | 36.9% | 37.4% | 44.4% |
| Non-Operating Items | |||||
| Interest Income | 18.6M | 7.8M | 0 | 0 | - |
| Interest Expense | 12.1M | 901.0K | 1.5M | 1.6M | 2.1M |
| Other Non-Operating Income | 3.2M | -30.6M | -2.0M | -10.0K | -7.0K |
| Pre-tax Income | 40.2M | 10.3M | 31.0M | 25.7M | 21.1M |
| Income Tax | 307.0K | 4.0K | 0 | 0 | - |
| Effective Tax Rate % | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Income | 39.9M | 10.3M | 31.0M | 25.7M | 21.1M |
| Net Margin % | 21.8% | 8.5% | 33.1% | 35.2% | 40.3% |
| Key Metrics | |||||
| EBITDA | 123.4M | 53.1M | 64.2M | 54.0M | 38.2M |
| EPS (Basic) | $0.37 | $0.10 | $0.30 | $0.25 | $0.20 |
| EPS (Diluted) | $0.37 | $0.09 | $0.30 | $0.25 | $0.20 |
| Basic Shares Outstanding | 104988000 | 104860000 | 104781000 | 104781000 | 104781000 |
| Diluted Shares Outstanding | 104988000 | 104860000 | 104781000 | 104781000 | 104781000 |
Income Statement Trend
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Curbline Properties Balance Sheet From 2022 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ||||
| Current Assets | ||||
| Cash & Equivalents | 289.6M | 626.4M | 566.0K | 77.0K |
| Short-term Investments | - | - | - | - |
| Accounts Receivable | 22.5M | 15.9M | 11.5M | 9.1M |
| Inventory | - | - | - | - |
| Other Current Assets | - | - | - | - |
| Total Current Assets | 338.9M | 686.9M | 12.7M | 9.7M |
| Non-Current Assets | ||||
| Property, Plant & Equipment | - | 0 | 0 | 0 |
| Goodwill | 137.5M | 82.7M | 34.3M | 27.0M |
| Intangible Assets | 137.5M | 82.7M | 34.3M | 27.0M |
| Long-term Investments | - | - | - | - |
| Other Non-Current Assets | 4.9M | 1.3M | 415.0K | 280.0K |
| Total Non-Current Assets | 2.1B | 1.3B | 909.0M | 748.3M |
| Total Assets | 2.5B | 2.0B | 921.6M | 758.0M |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | 45.5M | 23.7M | 12.0M | 12.4M |
| Short-term Debt | - | - | - | - |
| Current Portion of Long-term Debt | - | - | - | - |
| Other Current Liabilities | - | - | - | - |
| Total Current Liabilities | 66.4M | 50.4M | 12.0M | 12.4M |
| Non-Current Liabilities | ||||
| Long-term Debt | 423.2M | 40.1M | 47.0M | 53.8M |
| Deferred Tax Liabilities | - | - | - | - |
| Other Non-Current Liabilities | 66.7M | - | - | - |
| Total Non-Current Liabilities | 489.9M | 40.1M | 47.0M | 53.8M |
| Total Liabilities | 556.3M | 90.5M | 59.0M | 66.2M |
| Equity | ||||
| Common Stock | 1.1M | 1.0M | 0 | - |
| Retained Earnings | -46.1M | -15.0M | 0 | - |
| Treasury Stock | - | - | - | - |
| Other Equity | - | - | - | - |
| Total Shareholders Equity | 1.9B | 1.9B | 862.6M | 691.8M |
| Key Metrics | ||||
| Total Debt | 423.2M | 40.1M | 47.0M | 53.8M |
| Working Capital | 272.5M | 636.5M | 671.0K | -2.7M |
Balance Sheet Composition
Curbline Properties Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 39.9M | 10.3M | 31.0M | 25.7M | 21.1M |
| Depreciation & Amortization | 72.4M | 41.9M | 32.0M | 26.6M | 15.0M |
| Stock-Based Compensation | 12.9M | 3.8M | 0 | 0 | - |
| Working Capital Changes | -1.4M | -5.6M | -2.8M | -1.1M | 380.0K |
| Operating Cash Flow | 123.4M | 48.1M | 60.4M | 51.5M | 36.6M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Acquisitions | -2.4M | -913.0K | 0 | 0 | - |
| Investment Purchases | - | - | - | - | - |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | -2.4M | -913.0K | 0 | 0 | - |
| Financing Activities | |||||
| Share Repurchases | - | -23.0K | 0 | 0 | - |
| Dividends Paid | -77.4M | - | - | - | - |
| Debt Issuance | 428.0M | - | - | - | - |
| Debt Repayment | 0 | -25.7M | -12.9M | -3.8M | -15.3M |
| Financing Cash Flow | 341.8M | 1.0B | 126.9M | 273.3M | 41.1M |
| Free Cash Flow | 124.6M | 54.3M | 59.2M | 49.9M | 36.2M |
| Net Change in Cash | 462.9M | 1.1B | 187.3M | 324.8M | 77.7M |
Cash Flow Trend
Curbline Properties Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
74.08
Forward P/E
78.31
Price to Book
1.51
Price to Sales
15.82
PEG Ratio
-4.07
Profitability Ratios
Profit Margin
21.78%
Operating Margin
18.47%
Return on Equity
2.07%
Return on Assets
0.85%
Financial Health
Current Ratio
5.06
Debt to Equity
22.26
Per Share Data
EPS (TTM)
$0.37
Book Value per Share
$18.12
Revenue per Share
$1.74
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| CURB | 3.0B | 74.08 | 1.51 | 2.07% | 21.78% | 22.26 |
| Simon Property | 77.5B | 14.34 | 12.79 | 104.11% | 72.71% | 435.46 |
| Realty Income | 59.8B | 54.77 | 1.52 | 2.70% | 18.37% | 73.51 |
| Federal Realty | 9.7B | 23.75 | 3.10 | 12.24% | 32.09% | 143.64 |
| Brixmor Property | 9.4B | 24.45 | 3.11 | 12.89% | 28.16% | 184.27 |
| Agree Realty | 9.3B | 41.76 | 1.52 | 3.70% | 29.25% | 59.61 |
Financial data is updated regularly. All figures are in the company's reporting currency.






