Curbline Properties Corp. (CURB) vs InvenTrust Properties Corp. (IVT)

Curbline Properties Corp. and InvenTrust Properties Corp. are both Reit Retail companies. Curbline Properties Corp. is the larger, with a market value of $3.3B against $2.4B — 1.4× the size. Curbline Properties Corp. trades at the lower P/E: 105× against 153×. Curbline Properties Corp. grew revenue faster over the last twelve months: 54.8% against 10.5%. Curbline Properties Corp. has the higher net margin (13.1% vs 4.80%) and the lower return on invested capital (0.96% vs 1.17%). Across the 19 metrics below, Curbline Properties Corp. leads on 10 and InvenTrust Properties Corp. on 9.

Valuation

Metric CURB IVT Reit Retail median
P/E 105.41 152.65 24.82
P/S 13.52 7.50 6.69
P/B 1.45 1.35 1.75
Price to free cash flow n/m n/m 13.29
EV/EBITDA 25.72 17.77 15.42
EV/Sales 15.48 10.72 10.60
Earnings yield 0.95% 0.66% 3.91%
Free cash flow yield (30.00%) (18.21%) 2.98%

Profitability

Metric CURB IVT Reit Retail median
Gross margin 86.66% 72.56% 71.78%
Operating margin 17.28% 16.42% 34.62%
Net margin 13.10% 4.80% 27.14%
Free cash flow margin (405.51%) (136.60%) 18.82%
Return on equity 1.46% 0.85% 7.05%
Return on assets 1.18% 0.53% 3.40%
Return on invested capital 0.96% 1.17% 3.18%

Growth

Metric CURB IVT Reit Retail median
Revenue growth (TTM) 54.77% 10.51% 8.49%
EPS growth (last fiscal year) 311.11% 647.37% —
Revenue growth, 5-year CAGR — 8.62% 8.62%
Net income growth, 5-year CAGR — 0.00% 1.85%

Health

Metric CURB IVT Reit Retail median
Debt to equity 0.28 0.62 0.94
Current ratio 0.63 1.73 1.62
Net debt to EBITDA 1.28 4.40 5.40

Dividend

Metric CURB IVT Reit Retail median
Dividend yield — 3.38% 4.57%
Payout ratio — 14.02 1.21

Size

Metric CURB IVT Reit Retail median
Market cap 3.27b 2.38b 3.65b

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