Feb. 9 at 12:58 PM
$CURB
🚨
Curbline Properties Corp. reported a much stronger first full year as a public REIT for 2025. Net income attributable to Curbline rose to
$39.8 million, or
$0.37 per diluted share, up from
$10.3 million.
Fourth quarter net income was
$9.5 million (
$0.09 per share), modestly below
$11.5 million last year as interest expense and depreciation increased with balance sheet growth.
Operating FFO for 2025 reached
$112.0 million, or
$1.06 per diluted share, compared with
$83.5 million, or
$0.79 per share, reflecting a larger portfolio and higher property earnings.
The company acquired 81 convenience shopping centers for about
$788.4 million in 2025, expanding to 176 properties and 4.8 million square feet.
Debt totaled
$428 million with net debt of
$138.4 million and investment-grade Fitch rating of BBB.
For 2026, Curbline guides to net income of
$0.32–
$0.40 per share and Operating FFO of
$1.17–
$1.21 per share.
