Curbline Properties Reports Third Quarter 2026 Results
Curbline Properties reported Q3 2026 Operating FFO of $37.4 million, or $0.32 per diluted share, up from $0.28 a year ago, on total revenues of $71.1 million. GAAP net income fell to $7.4 million ($0.06/diluted share) from $9.3 million ($0.09) as higher interest expense, depreciation, and a larger share count from acquisition-funding equity issuance weighed on results. Growth remained aggressive: 23 centers acquired for $233.9 million in Q3 ($800.0 million YTD) and $925.9 million of YTD forward equity gross proceeds raised, leaving $734.9 million of liquidity.
Key figures
- Eps
- 0.06
- Revenue
- 71099000
- Guidance
- FY2026 net income $0.25-$0.29 per diluted share (lowered from $0.27-$0.32); Operating FFO $1.25-$1.27 per diluted share (raised from $1.24-$1.26)
- Revenue Yoy
- 46.2%
- Offo q3
- $37.4M ($0.32/diluted share vs $29.5M / $0.28 in 3Q25)
- Liquidity
- $734.9M ($122.8M cash + $612.1M unsettled forward equity)
- Leased rate
- 96.4%
- Spnoi growth
- 3.4%
- Ffo q3 diluted
- 0.32
- Q3 acquisitions
- $233.9M (23 centers)
- Ytd acquisitions
- $800.0M (72 convenience centers)
- Sno pipeline annual base rent
- $7.6M
- Ytd forward equity gross proceeds
- $925.9M (33.0M shares)
AI analysis
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