earnings
confidence high
sentiment neutral
materiality 0.65
Curbline Q3 EPS falls to $0.06; Operating FFO rises to $0.32, FY OFFO guidance raised
Curbline Properties Corp.
- Q3 net income attributable to Curbline was $7.4M, or $0.06 per diluted share, versus $9.3M, or $0.09, a year earlier.
- Q3 Operating FFO was $37.4M, or $0.32 per diluted share, up from $29.5M and $0.28; FY 2026 OFFO guidance raised to $1.25-$1.27 from $1.24-$1.26.
- FY 2026 net income guidance cut to $0.25-$0.29 per diluted share from $0.27-$0.32.
- Acquired 23 convenience centers for $233.9M in Q3 and 72 for $800.0M year to date; post-quarter bought five more for $49.6M.
- Same-property NOI rose 3.4%; leased rate was 96.4% vs 96.7% a year ago; SNO pipeline was 190 bps, or $7.6M of annualized base rent.