Curbline Properties (NYSE:CURB) reported fourth-quarter results that surpassed Wall Street expectations Monday, as the first and only REIT dedicated exclusively to convenience shopping centers benefited from aggressive acquisitions and high tenant demand.
The New York-based real estate investment trust posted Operating Funds From Operations (OFFO) of $30.4 million, or $0.29 per share, for the quarter ended Dec. 31, 2025.
This exceeded the Zacks consensus estimate of $0.27 and marked a significant jump from the $0.23 reported in the prior-year period.
Revenue for the quarter rose 55% to $54.1 million, driven by the rapid expansion of a portfolio that now features 176 properties across the United States.
Curbline’s strategic focus on "unanchored" convenience centers—small-format retail strips located at high-traffic intersections—continues to insulate the firm from the broader volatility of big-box retail.
The company acquired 81 convenience centers for approximately $788 million throughout 2025, maintaining a robust leased rate of 96.7%.
These properties are typically located in affluent suburban corridors where standardized unit sizes (1,000–2,000 square feet) attract a diverse mix of national, high-credit-quality tenants.