WallStSmart

Curbline Properties Corp. (CURB)vsFederal Realty Investment Trust (FRT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Federal Realty Investment Trust generates 600% more annual revenue ($1.28B vs $182.89M). FRT leads profitability with a 32.1% profit margin vs 21.8%. FRT trades at a lower P/E of 22.0x. FRT earns a higher WallStSmart Score of 66/100 (B-).

CURB

Buy

52

out of 100

Grade: C-

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

FRT

Strong Buy

66

out of 100

Grade: B-

Growth: 7.3Profit: 8.0Value: 7.3Quality: 4.3
Piotroski: 4/9Altman Z: 0.59
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
FRTUndervalued (+51.2%)

Margin of Safety

+51.2%

Fair Value

$219.02

Current Price

$103.27

$115.75 discount

UndervaluedFair: $219.02Overvalued

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

FRT4 strengths · Avg: 9.5/10
Profit MarginProfitability
32.1%10/10

Keeps 32 of every $100 in revenue as profit

Operating MarginProfitability
34.5%10/10

Strong operational efficiency at 34.5%

EPS GrowthGrowth
98.7%10/10

Earnings expanding 98.7% YoY

Price/BookValuation
2.9x8/10

Reasonable price relative to book value

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%

FRT2 concerns · Avg: 2.0/10
PEG RatioValuation
3.652/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.592/10

Distress zone — elevated risk

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 : FRT

The strongest argument for FRT centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 32.1% and operating margin at 34.5%.

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 : FRT

The primary concerns for FRT are PEG Ratio, Altman Z-Score.

Key Dynamics to Monitor

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

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

FRT generates stronger free cash flow (51M), providing more financial flexibility.

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

Bottom Line

FRT scores higher overall (66/100 vs 52/100), backed by strong 32.1% margins. Both earn "Strong 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.

Federal Realty Investment Trust

REAL ESTATE · REIT - RETAIL · USA

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

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