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Side-by-side financial comparison of Curbline Properties Corp. (CURB) and INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR). Click either name above to swap in a different company.

INNOVATIVE INDUSTRIAL PROPERTIES INC is the larger business by last-quarter revenue ($66.7M vs $54.1M, roughly 1.2× Curbline Properties Corp.). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 17.6%, a 30.1% gap on every dollar of revenue.

Oxford Properties is a Canadian multinational corporation, with operations in real estate investment, development and property management. Its portfolio includes office, retail, industrial, multi-residential, life sciences and hotel assets. Established privately in 1960 and later wholly owned by the Ontario Municipal Employees Retirement System (OMERS) since 2003, the company is headquartered in Toronto with regional head offices in New York City, London, Australia, Singapore and Luxembourg. ...

CURB vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.2× larger
IIPR
$66.7M
$54.1M
CURB
Higher net margin
IIPR
IIPR
30.1% more per $
IIPR
47.8%
17.6%
CURB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CURB
CURB
IIPR
IIPR
Revenue
$54.1M
$66.7M
Net Profit
$9.6M
$31.8M
Gross Margin
Operating Margin
17.8%
47.8%
Net Margin
17.6%
47.8%
Revenue YoY
-13.1%
Net Profit YoY
-20.4%
EPS (diluted)
$0.08
$1.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CURB
CURB
IIPR
IIPR
Q4 25
$54.1M
$66.7M
Q3 25
$48.6M
$64.7M
Q2 25
$41.4M
$62.9M
Q1 25
$38.7M
$71.7M
Q4 24
$76.7M
Q3 24
$29.8M
$76.5M
Q2 24
$79.8M
Q1 24
$75.5M
Net Profit
CURB
CURB
IIPR
IIPR
Q4 25
$9.6M
$31.8M
Q3 25
$9.4M
$29.3M
Q2 25
$10.4M
$26.0M
Q1 25
$10.6M
$31.1M
Q4 24
$40.0M
Q3 24
$-15.4M
$40.2M
Q2 24
$42.0M
Q1 24
$39.4M
Operating Margin
CURB
CURB
IIPR
IIPR
Q4 25
17.8%
47.8%
Q3 25
19.3%
45.5%
Q2 25
25.3%
45.9%
Q1 25
27.6%
47.4%
Q4 24
54.7%
Q3 24
-51.8%
54.8%
Q2 24
53.1%
Q1 24
55.7%
Net Margin
CURB
CURB
IIPR
IIPR
Q4 25
17.6%
47.8%
Q3 25
19.2%
45.3%
Q2 25
25.1%
41.4%
Q1 25
27.3%
43.3%
Q4 24
52.2%
Q3 24
-51.8%
52.6%
Q2 24
52.6%
Q1 24
52.3%
EPS (diluted)
CURB
CURB
IIPR
IIPR
Q4 25
$0.08
$1.07
Q3 25
$0.09
$0.97
Q2 25
$0.10
$0.86
Q1 25
$0.10
$1.03
Q4 24
$1.35
Q3 24
$-0.15
$1.37
Q2 24
$1.44
Q1 24
$1.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CURB
CURB
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$289.6M
$47.6M
Total DebtLower is stronger
$423.2M
$393.7M
Stockholders' EquityBook value
$1.9B
$1.8B
Total Assets
$2.5B
$2.4B
Debt / EquityLower = less leverage
0.22×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CURB
CURB
IIPR
IIPR
Q4 25
$289.6M
$47.6M
Q3 25
$430.1M
$41.9M
Q2 25
$429.9M
$104.9M
Q1 25
$594.0M
$133.3M
Q4 24
$151.2M
Q3 24
$2.5M
$172.4M
Q2 24
$160.9M
Q1 24
$173.5M
Total Debt
CURB
CURB
IIPR
IIPR
Q4 25
$423.2M
$393.7M
Q3 25
$396.4M
Q2 25
$99.1M
Q1 25
$99.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CURB
CURB
IIPR
IIPR
Q4 25
$1.9B
$1.8B
Q3 25
$1.9B
$1.9B
Q2 25
$1.9B
$1.9B
Q1 25
$1.9B
$1.9B
Q4 24
$1.9B
Q3 24
$1.1B
$1.9B
Q2 24
$1.9B
Q1 24
$2.0B
Total Assets
CURB
CURB
IIPR
IIPR
Q4 25
$2.5B
$2.4B
Q3 25
$2.4B
$2.3B
Q2 25
$2.1B
$2.3B
Q1 25
$2.1B
$2.4B
Q4 24
$2.4B
Q3 24
$1.2B
$2.4B
Q2 24
$2.4B
Q1 24
$2.4B
Debt / Equity
CURB
CURB
IIPR
IIPR
Q4 25
0.22×
0.21×
Q3 25
0.21×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CURB
CURB
IIPR
IIPR
Operating Cash FlowLast quarter
$124.6M
$198.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
13.04×
6.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CURB
CURB
IIPR
IIPR
Q4 25
$124.6M
$198.2M
Q3 25
$39.2M
$45.6M
Q2 25
$34.2M
$48.4M
Q1 25
$25.4M
$54.2M
Q4 24
$258.4M
Q3 24
$64.9M
Q2 24
$64.2M
Q1 24
$71.6M
Cash Conversion
CURB
CURB
IIPR
IIPR
Q4 25
13.04×
6.22×
Q3 25
4.19×
1.56×
Q2 25
3.28×
1.86×
Q1 25
2.40×
1.75×
Q4 24
6.46×
Q3 24
1.61×
Q2 24
1.53×
Q1 24
1.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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