Truist Financial analyst Ki Bin Kim maintained a Hold rating on Curbline Properties Corp. (CURB – Research Report) today and set a price target of $22.00.
Ki Bin Kim’s rating is based on a combination of factors that reflect both the strengths and current valuation of Curbline Properties Corp. The company has demonstrated strong leasing performance and effective execution of its acquisition strategy, acquiring $124 million in assets in the first quarter of 2025 at a blended cap rate of 6.25%. The management has shown the capability to acquire over $500 million annually, with additional assets under contract expected to close by the third quarter of 2025.
Despite these positive developments, the Hold rating is primarily due to the current valuation, which already reflects the anticipated growth prospects. The guidance for funds from operations per share was slightly raised, but it aligns closely with existing estimates. Operationally, the company has seen growth in same-store net operating income and an increase in leased occupancy, but these factors are considered to be already priced into the stock.
According to TipRanks, Bin Kim is a 5-star analyst with an average return of 8.3% and a 59.38% success rate. Bin Kim covers the Real Estate sector, focusing on stocks such as Public Storage, Eastgroup Properties, and Macerich.
In another report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $27.00 price target.