)
Curbline Properties (CURB) investor relations material
Curbline Properties Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Portfolio consists of 162 convenience shopping centers totaling 4.5 million sq. ft. with a 96.7% leased rate and 93.9% occupancy, focused on affluent U.S. suburban submarkets and strong tenant diversification; only one tenant exceeds 2% of annualized rent.
Acquired 69 properties for $644.1 million year-to-date, with over $330 million in acquisitions in Q3 2025 alone, and a net cash position of $430.1 million.
Achieved cash new leasing spreads of up to 26.9% and renewal spreads up to 21% on nearly 400,000 sq. ft. of new and renewal leases.
Marked one-year anniversary as the only public company focused solely on acquiring top-tier convenience retail assets in the U.S., with a first-mover advantage in a capital-efficient sector.
Declared three quarterly cash dividends of $0.16 per share in 2025.
Financial highlights
Q3 2025 net income was $9.3 million ($0.09 per share), reversing a prior year loss, with total revenues of $48.6 million, up from $29.8 million in Q3 2024.
Funds from Operations (FFO) for the nine months was $80.5 million, and Operating FFO was $81.6 million, both up significantly year-over-year.
Same-property NOI increased 3.7% year-over-year; total NOI up 41.9% due to acquisitions.
Lease rate increased 60 basis points sequentially to 96.7%, among the highest in the retail REIT sector.
CapEx as a percentage of NOI was 7% in Q3 and 6% year-to-date.
Outlook and guidance
2025 OFFO per share guidance raised to $1.04–$1.05, with net income per share guidance at $0.35–$0.38.
Forecasting $750 million in full-year investments for 2025, with potential for additional upside.
Same-property NOI growth expected to average above 3% in 2024–2026, with a 2025 range of 2.25%–4.25%.
Forecasting 20% year-over-year FFO growth for Q4 2025, well above the public REIT sector average.
Excludes projections for gains/losses on asset sales, transaction costs, or debt extinguishment costs.
Next Curbline Properties earnings date
Next Curbline Properties earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)