Financial PerformanceOwning desirable convenience centers in high traffic submarkets will result in a significant re-rating of this capex-lite retail model.
Growth PotentialCURB is initially capitalized with approximately $800 million in cash and an undrawn $100 million term loan, providing ample runway for accretive acquisitions on a smaller asset base with solid tenant credit.
Management And StrategyCURB is blessed to start public life with no debt and $800 million of cash on hand, which likely means two years of buying power.