Curbline Properties Q1 net income $10.6M, OFFO $0.24/sh; revises FY25 guidance

Curbline Properties Corp.

2025-Q1 EPS reported $0.10 revenue$38,695,000

Q1 net income $10.6M ($0.10/diluted), up from $8.0M ($0.08) YoY.
Operating FFO $25.1M ($0.24/diluted), up from $20.3M ($0.19) YoY.
Acquired 11 centers in Q1 for $124.2M; 5 more in Q2 to date for $14.9M.
Leased rate 96.0% (up 50 bps QoQ); cash new leasing spreads 27.8% TTM.
FY25 guidance revised: net income $0.43-$0.50/sh (down), OFFO $0.99-$1.02/sh (up).

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