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Curbline Properties (CURB) investor relations material
Curbline Properties Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Portfolio totaled 239 convenience centers and 6.1M sq. ft. at Sept. 30, 2026; leased rate was 96.4% and occupancy was 94.5%.
Q3 total NOI rose 47.9% YoY to $53.271M; same-property NOI grew 3.4%.
Q3 Operating FFO was $37.4M, or $0.32 per diluted share, versus $29.5M, or $0.28, YoY; net income was $7.4M, or $0.06 per diluted share.
Acquisitions since the October 2024 spin-off exceeded $1.7B; 72 centers totaling $800.0M were acquired through Oct. 22, 2026.
Financial highlights
Q3 revenue was $71.1M versus $48.6M YoY; Q3 net income attributable to common shareholders was $7.4M versus $9.3M, and diluted EPS was $0.06 versus $0.09.
9M revenue was $192.4M versus $128.7M; net income attributable to common shareholders was $17.9M versus $30.3M, and diluted EPS was $0.16 versus $0.28.
9M Operating FFO was $100.7M, or $0.91 per diluted share, versus $81.6M, or $0.78; Q3 Operating FFO per diluted share was $0.32 versus $0.28.
Q3 interest expense rose to $8.5M from $4.0M and depreciation and amortization to $29.7M from $19.8M; interest income declined to $0.7M from $4.1M.
Outlook and guidance
FY26 Operating FFO guidance increased to $1.25–$1.27 per diluted share from $1.24–$1.26; net income guidance fell to $0.25–$0.29 from $0.27–$0.32.
FY26 same-property NOI growth guidance is 2.5%–4.0%; 2024 and 2025 growth was 5.8% and 3.3%, respectively.
Guidance assumes over $1B of full-year investments, CapEx below 10% of NOI and FY26 G&A of ~$32M; Q4 G&A is expected just under $9M.
Nearly 75% of the SNO pipeline is expected to commence by March 31, 2027, and over 98% by September 30, 2027, supporting occupancy and per-share growth into 2027.
- Strong NOI growth, high tenant diversity, and ample capital fuel scalable expansion in top U.S. submarkets.CURB
BofA Securities Global Real Estate Conference Presentation - Q2 2026 acquisitions and leasing drove FFO growth, with 2026 OFFO guidance raised.CURB
Q2 2026 - NOI up 50.7% year-over-year, 2026 guidance raised, and liquidity remains strong.CURB
Q1 2026 - Director elections, executive pay, and auditor ratification up for vote at the May 2026 meeting.CURB
Proxy filing - Annual meeting covers director elections, executive pay, auditor ratification, and ESG progress.CURB
Proxy filing - NOI, FFO, and net income surged in 2025, with 2026 guidance targeting 12% FFO growth.CURB
Q4 2025 - Virtual 2025 meeting to elect directors, ratify auditor, and review post-spin-off governance.CURB
Proxy Filing - Q1 net income and FFO up on acquisitions and leasing; 2025 guidance raised.CURB
Q1 2025 - NOI up 30% year-over-year, 5.8% same-property growth, and strong liquidity support 2025 outlook.CURB
Q4 2024
Next Curbline Properties earnings date
Next Curbline Properties earnings date
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