Curbline Properties Corp. (CURB) vs Four Corners Property Trust, Inc. (FCPT)

Curbline Properties Corp. and Four Corners Property Trust, Inc. are both Reit Retail companies. Curbline Properties Corp. is the larger, with a market value of $3.3B against $2.4B — 1.3× the size. Four Corners Property Trust, Inc. trades at the lower P/E: 20.0× against 105×. Curbline Properties Corp. grew revenue faster over the last twelve months: 54.8% against 9.65%. Four Corners Property Trust, Inc. has the higher net margin (38.7% vs 13.1%) and the higher return on invested capital (3.74% vs 0.96%). Across the 19 metrics below, Four Corners Property Trust, Inc. leads on 12 and Curbline Properties Corp. on 7.

Valuation

Metric CURB FCPT Reit Retail median
P/E 105.41 20.00 24.82
P/S 13.52 7.93 6.69
P/B 1.45 1.50 1.75
Price to free cash flow n/m 9.69 13.29
EV/EBITDA 25.72 15.42 15.42
EV/Sales 15.48 11.94 10.60
Earnings yield 0.95% 5.00% 3.91%
Free cash flow yield (30.00%) 10.32% 2.98%

Profitability

Metric CURB FCPT Reit Retail median
Gross margin 86.66% 85.60% 71.78%
Operating margin 17.28% 55.70% 34.62%
Net margin 13.10% 38.70% 27.14%
Free cash flow margin (405.51%) 63.57% 18.82%
Return on equity 1.46% 7.64% 7.05%
Return on assets 1.18% 4.12% 3.40%
Return on invested capital 0.96% 3.74% 3.18%

Growth

Metric CURB FCPT Reit Retail median
Revenue growth (TTM) 54.77% 9.65% 8.49%
EPS growth (last fiscal year) 311.11% 1.87% —
Revenue growth, 5-year CAGR — 11.46% 8.62%
Net income growth, 5-year CAGR — 7.76% 1.85%

Health

Metric CURB FCPT Reit Retail median
Debt to equity 0.28 0.77 0.94
Current ratio 0.63 0.14 1.62
Net debt to EBITDA 1.28 5.26 5.40

Dividend

Metric CURB FCPT Reit Retail median
Dividend yield — 5.95% 4.57%
Payout ratio — 1.22 1.21

Size

Metric CURB FCPT Reit Retail median
Market cap 3.27b 2.43b 3.65b

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