Curbline Properties Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 Operating FFO rose 14.1% to $0.32 per diluted share
- ➤2026 Operating FFO guidance raised to $1.25-$1.27 per diluted share
- ➤Acquired 23 convenience centers for $233.9 million during Q3
- ➤2026 net income guidance lowered to $0.25-$0.29 per diluted share
- ➤Signed Not Opened pipeline reached 190 basis points, representing $7.6 million annualized rent
Expert Statements
David R. Lukes, President and Chief Executive Officer of Curbline Properties
“Curbline’s third quarter results represent a continuation of trends from the first half of the year with over $300 million of investments and capital raised. Importantly, the Company’s SNO pipeline also began to ramp in the quarter with the majority of the leases expected to commence rent payment by March 2027. This operational tailwind, along with Curbline’s higher full year investment target funded with liquidity on hand, is expected to generate compelling per share growth into the fourth quarter and into 2027.”
David R. Lukes, President and Chief Executive Officer of Curbline Properties
“Looking forward, we believe Curbline remains uniquely positioned for growth given its differentiated investment focus, the leasing economics of the Company’s property type, and its balance sheet.”
Curbline Properties Corp. (NYSE: CURB) (the “Company” or “Curbline”), an owner of convenience centers in suburban, high household income communities, announced today operating results for the quarter ended September 30, 2026. For the nine months ended September 30, 2026, net income attributable to Curbline was $17.9 million, or $0.16 per diluted share, as compared to net income of $30.3 million, or $0.28 per diluted share, in the year-ago period.
“Curbline’s third quarter results represent a continuation of trends from the first half of the year with over $300 million of investments and capital raised. Importantly, the Company’s SNO pipeline also began to ramp in the quarter with the majority of the leases expected to commence rent payment by March 2027. This operational tailwind, along with Curbline’s higher full year investment target funded with liquidity on hand, is expected to generate compelling per share growth into the fourth quarter and into 2027,” commented David R. Lukes, President and Chief Executive Officer. “Looking forward, we believe Curbline remains uniquely positioned for growth given its differentiated investment focus, the leasing economics of the Company’s property type, and its balance sheet.”
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