Saul Centers vs Curbline Properties
Saul Centers is the larger business, with $290m of revenue in fiscal 2025 against $183m for Curbline Properties (1.6 times as much). Curbline Properties grew faster (51.3% against 7.8%). Curbline Properties kept more of each dollar of sales as profit: a net margin of 21.8% against 12.9%. Curbline Properties carries less debt relative to equity (22.4% against 519.8%).
| Latest fiscal year | Saul CentersBFS, 2025 | Curbline PropertiesCURB, 2025 |
|---|---|---|
| Revenue | $290m | $183m |
| Revenue growth | 7.8% | 51.3% |
| Net income | $37.5m | $39.9m |
| Operating margin | 67.4% | — |
| Net margin | 12.9% | 21.8% |
| Return on equity | 11.7% | 2.1% |
| Free cash flow | $99.8m | — |
| Cash | $8.7m | $290m |
| Total debt | $1.60bn | $428m |
| Debt to equity | 519.8% | 22.4% |
| Dividend per share | $2.36 | $0.67 |
| Dividend yield | 7.9% | 2.1% |
| Share buybacks | — | — |
| Employees | — | 39 |
| Market value | $713m | $3.52bn |
| Price vs our value range | — | Above our value range |
| Moat score | 67 (Moderate) | — |
| Insider trades, 12 months | 12 buys, 0 sales | 0 buys, 23 sales |