CURBCurbline Properties Corp.
Real Estate
- Revenue
- $183M
- 51% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $3.5B
- Employees
- —
- Net debt / EBITDA
- —
- $473M net debt
- AI in 10-K
- 2.8
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo312% of net incomeCash flow under 80% of net income
- Dilutive SBCNo7% of revenueOver 10% of revenue
- Payouts exceed cash flowNo62% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo2.8 per 10K words · 67th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$3.5B market capMarket cap $500M–$5B
Catalysts 2 of 2
- Active 13DYes1 filingActive-intent 13D in 18 months
- Net insider sellingYes−$47M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $73M | $94M | $121M | $183M | 51% |
| Net income | $26M | $31M | $10M | $40M | 288% |
| Operating cash flow | $50M | $59M | $54M | $125M | 130% |
| Stock-based comp | $0 | $0 | $4M | $13M | 239% |
| Dividends | — | $0 | $0 | $77M |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Aug 14, 2026 | Otto Alexander | SCHEDULE 13D/A | 6.4% | Active |
| Oct 8, 2024 | Otto Alexander | SC 13D | 7.6% | Active |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $47M · 23
- Net
- −$47M
Pay vs performance
No pay-versus-performance disclosure yet.