Curbline net income drops to $6.9 million

• Curbline Properties reported second-quarter net income of $6.9 million, down from $10.4 million a year earlier.
• Operating FFO increased to $33.3 million, or $0.31 per diluted share, supported by recent property acquisitions.
• The company raised its 2026 Operating FFO guidance and increased its full-year investment target after record acquisition activity.

Curbline Properties Corp. (NYSE:CURB) reported second-quarter 2026 net income attributable to the company of $6.9 million, or $0.06 per diluted share, compared with $10.4 million, or $0.10 per diluted share, a year earlier.

The decline was mainly caused by higher interest expense and increased depreciation and amortisation, partly offset by the impact of asset acquisitions.

“Curbline’s second quarter results highlight the strength of the platform that we have constructed with record investment volume of $375 million, over $500 million of capital raised, and an uptick in leasing volume,” said President and Chief Executive Officer David R. Lukes.

Operating FFO increased to $33.3 million, or $0.31 per diluted share, from $26.9 million, or $0.26 per diluted share, while the company acquired 30 convenience shopping centres for $374.1 million during the quarter.

Curbline raised its 2026 net income guidance to $0.27–$0.32 per diluted share and Operating FFO guidance to $1.24–$1.26 per diluted share.

Curbline owns convenience shopping centres located mainly in suburban communities with high household incomes and reported a leased rate of 96.5% at June 30, 2026.

The company had $850.9 million of cash and capital commitments available for acquisitions and has acquired 48 shopping centres for $563.7 million year to date as it continues expanding its property portfolio.