earnings
confidence high
sentiment positive
materiality 0.80
Curbline Properties reports Q2 OFFO $0.26/share; SPNOI up 6.2%; guidance raised
Curbline Properties Corp.
2025-Q2 EPS reported
$0.20
revenue$80,097,000
- Q2 net income $10.4M ($0.10 diluted) vs $6.2M ($0.06) a year ago; Operating FFO $26.9M ($0.26) vs $19.8M ($0.19).
- Same-property NOI grew 6.2% YoY; leased rate 96.1% at June 30; cash new leasing spreads 15.3% TTM.
- Completed $154.9M in Q2 acquisitions (19 centers); $260.4M closed in July (29 centers) through filing date.
- Raised $150M private placement of 5.58% and 5.87% senior notes (due 2030/2032); closed $150M term loan at 4.609% fixed all-in.
- Updated FY2025 guidance: net income $0.37–$0.44, OFFO $1.00–$1.03 per diluted share vs prior $0.99–$1.02.
item 2.02item 9.01