Curbline Properties Reports Massive Increase in Net Income and OFFO

By Chris Stiles • Monday, February 09 12:26 • Permanent Link

Curbline Properties Corp. released its fourth quarter and full year 2025 results, reporting a significant increase in net income attributable to Curbline and operating funds from operations (OFFO) compared to the prior year. For the year ended December 31, 2025, net income attributable to Curbline was $39.8 million, or $0.37 per diluted share, compared to $10.3 million, or $0.09 per diluted share, in the previous year. The fourth quarter net income attributable to Curbline was $9.5 million, or $0.09 per diluted share, down from $11.5 million, or $0.11 per diluted share, in the year-ago period.

The company experienced a 3.3% increase in same-property net operating income (SPNOI) for the year ended December 31, 2025, compared to the prior year. Additionally, Curbline reported a leased rate of 96.7% at December 31, 2025, marking an increase from 96.7% at September 30, 2025, and 95.5% at December 31, 2024.

In terms of acquisitions, Curbline acquired 81 convenience shopping centers for a total of $788.4 million during the full year 2025. In the fourth quarter alone, the company acquired 14 convenience shopping centers for a combined price of $173.2 million.

Looking ahead, Curbline estimates net income attributable to Curbline for 2026 to be in the range of $0.32 to $0.40 per diluted share, with operating FFO projected to be between $1.17 and $1.21 per share.

The company's investment activities during the fourth quarter and full year 2025 included the sale of 3.3 million shares of common stock under its ATM continuous equity program, resulting in gross proceeds of $75.5 million. In addition, Curbline funded $28.0 million of senior unsecured notes in December 2025 and the remaining $172.0 million in January 2026.

Curbline Properties Corp. is a self-managed real estate investment trust (REIT) with a market capitalization of $2.4 billion, owning and managing convenience shopping centers positioned in suburban, high household income communities. The company's portfolio consists of 176 properties with a total gross leasable area of 4.8 million square feet. As a result of these announcements, the company's shares have moved 2.46% on the market, and are now trading at a price of $24.57. For the full picture, make sure to review Curbline Properties's 8-K report.

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