earnings
confidence high
sentiment positive
materiality 0.70
Curbline Properties Q1 OFFO $0.28 vs $0.24 YoY; raises FY2026 OFFO guidance to $1.20-$1.23
Curbline Properties Corp.
2026-Q1 EPS reported
$0.03
revenue$57,987,000
- Net income attributable to CURB $3.6M ($0.03/diluted) vs $10.6M ($0.10) prior year, down on higher interest and depreciation.
- Operating FFO (OFFO) $29.9M ($0.28/diluted) vs $25.1M ($0.24) prior year, up 19% on acquisitions and NOI growth.
- Acquired 14 properties for $142.4M in Q1; post-quarter 8 more for $93.8M. Leased rate 96.3%.
- Same-property NOI grew 4.8% YoY; cash new leasing spreads 33.5% (Q1), cash renewal spreads 5.9%.
- Raised FY2026 OFFO guidance to $1.20-$1.23/share (from $1.17-$1.21); net income guidance lowered to $0.29-$0.36.