Curbline Properties Corp. (CURB – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst yesterday. Analyst Ronald Kamdem from Morgan Stanley maintained a Hold rating on the stock and has a $27.00 price target.
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Ronald Kamdem’s rating is based on Curbline Properties Corp.’s recent financial performance and future projections. The company reported a core funds from operations (FFO) beat in the fourth quarter of 2024, largely attributed to interest income, while the operating metrics showed a slight increase in the leased rate. However, the year-over-year decrease in leased rate due to acquisitions suggests some volatility in the company’s portfolio.
In addition, Kamdem notes that while there is a positive outlook for Curbline’s same-property net operating income (NOI) growth, the expected decline in interest income as cash is invested in acquisitions and the impact of general and administrative costs offer some caution. The company’s acquisition pipeline and substantial liquidity position provide potential for growth, but these factors are balanced by the modest upside in financial performance relative to consensus estimates, leading to the Hold rating.
In another report released yesterday, Truist Financial also maintained a Hold rating on the stock with a $22.00 price target.