WallStSmart

Agree Realty Corporation (ADC)vsCurbline Properties Corp. (CURB)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Agree Realty Corporation generates 248% more annual revenue ($779.62M vs $224.08M). ADC leads profitability with a 28.8% profit margin vs 13.1%. ADC trades at a lower P/E of 39.1x. ADC earns a higher WallStSmart Score of 64/100 (C+).

ADC

Buy

64

out of 100

Grade: C+

Growth: 6.7Profit: 7.0Value: 8.0Quality: 4.0
Piotroski: 3/9Altman Z: 1.16

CURB

Hold

48

out of 100

Grade: D+

Growth: 7.3Profit: 5.5Value: 4.0Quality: 7.0
Piotroski: 3/9Altman Z: 2.31
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ADCUndervalued (+79.3%)

Margin of Safety

+79.3%

Fair Value

$370.90

Current Price

$71.23

$299.67 discount

UndervaluedFair: $370.90Overvalued

Intrinsic value data unavailable for CURB.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ADC5 strengths · Avg: 9.4/10
PEG RatioValuation
0.1310/10

Growing faster than its price suggests

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
48.1%10/10

Strong operational efficiency at 48.1%

Profit MarginProfitability
28.8%9/10

Keeps 29 of every $100 in revenue as profit

Revenue GrowthGrowth
16.8%8/10

16.8% revenue growth

CURB2 strengths · Avg: 9.0/10
Revenue GrowthGrowth
52.9%10/10

Revenue surging 52.9% year-over-year

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Areas to Watch

ADC4 concerns · Avg: 3.5/10
P/E RatioValuation
39.1x4/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
2.1%4/10

2.1% earnings growth

Return on EquityProfitability
3.5%3/10

ROE of 3.5% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

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
108.6x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-38.6%2/10

Earnings declined 38.6%

Comparative Analysis Report

WallStSmart Research

Bull Case : ADC

The strongest argument for ADC centers on PEG Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 28.8% and operating margin at 48.1%. Revenue growth of 16.8% demonstrates continued momentum.

Bull Case : CURB

The strongest argument for CURB centers on Revenue Growth, Price/Book. Revenue growth of 52.9% demonstrates continued momentum.

Bear Case : ADC

The primary concerns for ADC are P/E Ratio, EPS Growth, Return on Equity.

Bear Case : CURB

The primary concerns for CURB are Return on Equity, Piotroski F-Score, P/E Ratio. A P/E of 108.6x leaves little room for execution misses.

Key Dynamics to Monitor

CURB is growing revenue faster at 52.9% — sustainability is the question.

CURB generates stronger free cash flow (47M), providing more financial flexibility.

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

Bottom Line

ADC scores higher overall (64/100 vs 48/100), backed by strong 28.8% margins and 16.8% 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.

Agree Realty Corporation

REAL ESTATE · REIT - RETAIL · USA

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of net leased properties to industry leading retail tenants.

Curbline Properties Corp.

REAL ESTATE · REIT - RETAIL · USA

Curbline Properties Corp. is a progressive real estate investment and development firm focused on enhancing urban environments through sustainable and community-oriented property solutions. The company boasts a diversified portfolio that encompasses both residential and commercial projects, demonstrating its expertise in strategic asset acquisition, repositioning, and management informed by comprehensive market analysis. By implementing innovative development practices tailored to the changing needs of urban populations, Curbline presents a compelling investment opportunity for institutional investors looking to capitalize on growth within the dynamic real estate sector.

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