WallStSmart

Curbline Properties Corp. (CURB)vsFederal Realty Investment Trust (FRT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Federal Realty Investment Trust generates 549% more annual revenue ($1.31B vs $202.19M). FRT leads profitability with a 38.6% profit margin vs 16.2%. FRT trades at a lower P/E of 21.8x. FRT earns a higher WallStSmart Score of 65/100 (C+).

CURB

Hold

48

out of 100

Grade: D+

Growth: 7.3Profit: 5.5Value: 4.0Quality: 7.5
Piotroski: 3/9Altman Z: 2.31

FRT

Buy

65

out of 100

Grade: C+

Growth: 7.3Profit: 8.5Value: 6.0Quality: 3.5
Piotroski: 2/9Altman Z: 0.54
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for CURB.

FRTUndervalued (+35.5%)

Margin of Safety

+35.5%

Fair Value

$165.94

Current Price

$122.56

$43.38 discount

UndervaluedFair: $165.94Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CURB2 strengths · Avg: 9.0/10
Revenue GrowthGrowth
49.9%10/10

Revenue surging 49.9% year-over-year

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

FRT3 strengths · Avg: 10.0/10
Profit MarginProfitability
38.6%10/10

Keeps 39 of every $100 in revenue as profit

Operating MarginProfitability
34.1%10/10

Strong operational efficiency at 34.1%

EPS GrowthGrowth
152.5%10/10

Earnings expanding 152.5% YoY

Areas to Watch

CURB4 concerns · Avg: 2.5/10
Return on EquityProfitability
1.7%3/10

ROE of 1.7% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

P/E RatioValuation
103.2x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-69.8%2/10

Earnings declined 69.8%

FRT4 concerns · Avg: 2.5/10
Debt/EquityHealth
1.493/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
3.652/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.542/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : CURB

The strongest argument for CURB centers on Revenue Growth, Price/Book. Profitability is solid with margins at 16.2% and operating margin at 13.1%. Revenue growth of 49.9% demonstrates continued momentum.

Bull Case : FRT

The strongest argument for FRT centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 38.6% and operating margin at 34.1%. Revenue growth of 10.3% demonstrates continued momentum.

Bear Case : CURB

The primary concerns for CURB are Return on Equity, Piotroski F-Score, P/E Ratio. A P/E of 103.2x leaves little room for execution misses.

Bear Case : FRT

The primary concerns for FRT are Debt/Equity, Piotroski F-Score, PEG Ratio.

Key Dynamics to Monitor

CURB profiles as a growth stock while FRT is a mature play — different risk/reward profiles.

CURB is growing revenue faster at 49.9% — sustainability is the question.

FRT generates stronger free cash flow (121M), providing more financial flexibility.

Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FRT scores higher overall (65/100 vs 48/100), backed by strong 38.6% margins and 10.3% revenue growth. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Curbline Properties Corp.

REAL ESTATE · REIT - RETAIL · USA

Curbline Properties Corp. is a forward-thinking real estate investment and development firm dedicated to transforming urban landscapes with sustainable and community-driven property solutions. Its diversified portfolio includes both residential and commercial projects, underscoring the company's ability to strategically acquire, reposition, and manage assets based on meticulous market analysis and sector expertise. By prioritizing innovative development practices that meet the evolving demands of urban environments, Curbline positions itself as an attractive opportunity for institutional investors seeking to engage in the dynamic real estate market.

Federal Realty Investment Trust

REAL ESTATE · REIT - RETAIL · USA

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

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