Head-To-Head Review: Agree Realty (NYSE:ADC) and Curbline Properties (NYSE:CURB)

Curbline Properties (NYSE:CURB) and Agree Realty (NYSE:ADC) are both mid-cap finance companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, valuation, earnings, profitability, analyst recommendations, dividends and risk.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for Curbline Properties and Agree Realty, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Curbline Properties	0	4	3	0	2.43
Agree Realty	0	7	9	0	2.56

Curbline Properties presently has a consensus target price of $26.67, suggesting a potential upside of 12.66%. Agree Realty has a consensus target price of $81.21, suggesting a potential upside of 9.72%. Given Curbline Properties’ higher probable upside, equities analysts clearly believe Curbline Properties is more favorable than Agree Realty.

Dividends

Curbline Properties pays an annual dividend of $0.64 per share and has a dividend yield of 2.7%. Agree Realty pays an annual dividend of $3.14 per share and has a dividend yield of 4.2%. Curbline Properties pays out 160.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Agree Realty pays out 183.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Agree Realty has raised its dividend for 1 consecutive years. Agree Realty is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Insider and Institutional Ownership

97.8% of Agree Realty shares are owned by institutional investors. 8.6% of Curbline Properties shares are owned by company insiders. Comparatively, 1.8% of Agree Realty shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Profitability

This table compares Curbline Properties and Agree Realty’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Curbline Properties	25.51%	2.19%	1.94%
Agree Realty	28.11%	3.52%	2.16%

Risk and Volatility

Curbline Properties has a beta of 0.45, indicating that its share price is 55% less volatile than the S&P 500. Comparatively, Agree Realty has a beta of 0.55, indicating that its share price is 45% less volatile than the S&P 500.

Valuation & Earnings

This table compares Curbline Properties and Agree Realty”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Curbline Properties	$120.88 million	20.63	$10.26 million	$0.40	59.18
Agree Realty	$688.64 million	12.35	$189.20 million	$1.71	43.28

Agree Realty has higher revenue and earnings than Curbline Properties. Agree Realty is trading at a lower price-to-earnings ratio than Curbline Properties, indicating that it is currently the more affordable of the two stocks.

Summary

Agree Realty beats Curbline Properties on 12 of the 17 factors compared between the two stocks.

About Curbline Properties

Curbline Properties Corp. is a real estate investment trust which is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban. Curbline Properties Corp. is based in NEW YORK.

About Agree Realty

Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".