WallStSmart

Curbline Properties Corp. (CURB)vsRealty Income Corporation (O)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Realty Income Corporation generates 3051% more annual revenue ($5.76B vs $182.89M). CURB leads profitability with a 21.8% profit margin vs 18.4%. O trades at a lower P/E of 51.7x. O earns a higher WallStSmart Score of 64/100 (C+).

CURB

Buy

52

out of 100

Grade: C-

Growth: 7.3Profit: 6.0Value: 3.0Quality: 7.3
Piotroski: 3/9Altman Z: 13.41

O

Buy

64

out of 100

Grade: C+

Growth: 8.0Profit: 6.5Value: 2.0Quality: 4.3
Piotroski: 3/9Altman Z: 0.77
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CURBSignificantly Overvalued (-914.3%)

Margin of Safety

-914.3%

Fair Value

$2.52

Current Price

$25.62

$23.10 premium

UndervaluedFair: $2.52Overvalued
OSignificantly Overvalued (-17.8%)

Margin of Safety

-17.8%

Fair Value

$54.76

Current Price

$60.06

$5.30 premium

UndervaluedFair: $54.76Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CURB4 strengths · Avg: 9.8/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
55.1%10/10

Revenue surging 55.1% year-over-year

Altman Z-ScoreHealth
13.4110/10

Safe zone — low bankruptcy risk

Profit MarginProfitability
21.8%9/10

Keeps 22 of every $100 in revenue as profit

O5 strengths · Avg: 9.0/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
47.0%10/10

Strong operational efficiency at 47.0%

Market CapQuality
$56.58B9/10

Large-cap with strong market position

EPS GrowthGrowth
41.2%8/10

Earnings expanding 41.2% YoY

Free Cash FlowQuality
$1.15B8/10

Generating 1.2B in free cash flow

Areas to Watch

CURB4 concerns · Avg: 2.5/10
Return on EquityProfitability
2.1%3/10

ROE of 2.1% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

P/E RatioValuation
68.9x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-10.2%2/10

Earnings declined 10.2%

O4 concerns · Avg: 2.5/10
Return on EquityProfitability
2.7%3/10

ROE of 2.7% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
5.752/10

Expensive relative to growth rate

P/E RatioValuation
51.7x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : CURB

The strongest argument for CURB centers on Price/Book, Revenue Growth, Altman Z-Score. Profitability is solid with margins at 21.8% and operating margin at 18.5%. Revenue growth of 55.1% demonstrates continued momentum.

Bull Case : O

The strongest argument for O centers on Price/Book, Operating Margin, Market Cap. Profitability is solid with margins at 18.4% and operating margin at 47.0%. Revenue growth of 11.0% 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 68.9x leaves little room for execution misses.

Bear Case : O

The primary concerns for O are Return on Equity, Piotroski F-Score, PEG Ratio. A P/E of 51.7x leaves little room for execution misses.

Key Dynamics to Monitor

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

CURB is growing revenue faster at 55.1% — sustainability is the question.

O generates stronger free cash flow (1.2B), providing more financial flexibility.

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

Bottom Line

O scores higher overall (64/100 vs 52/100), backed by strong 18.4% margins and 11.0% revenue growth. Both earn "Buy" and "Buy" 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 an innovative real estate investment and development firm focused on redefining urban spaces through sustainable and community-oriented property solutions. With a diverse portfolio encompassing both residential and commercial assets, the company employs rigorous market research and industry expertise to strategically acquire, reposition, and manage properties. Curbline's commitment to transformative development aligns with contemporary urban needs, positioning it for continuous growth and value enhancement in an increasingly competitive marketplace, thereby presenting a promising opportunity for institutional investors.

Realty Income Corporation

REAL ESTATE · REIT - RETAIL · USA

Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, Puerto Rico, and the United Kingdom that are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.

Want to dig deeper into these stocks?