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Curbline Properties Corp. (CURB)
NYSE:CURB
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, rapid acquisition activity, high occupancy, capital efficiency (low CapEx as a % of NOI), and a confident 2026 FFO growth outlook (~12% at the midpoint). Management highlighted robust liquidity and low leverage that support scaling. Key risks discussed were elevated bad-debt assumptions (a modest headwind), pipeline visibility only covering about half of the 2026 investment target today, short-term interest expense uptick from recent financing, and some lumpy items (lease termination fees). Overall, positive operational momentum and a well-capitalized balance sheet outweigh the manageable near-term headwinds.Company Guidance
Strong Acquisition Activity
Acquired just under $800 million of assets in 2025 and roughly $1 billion since the spin-off; 2026 guidance assumes ~ $700 million of full-year investments with pipeline visibility on about half of that amount.
High Occupancy and Leasing Fundamentals
Lease rate of 96.7% (unchanged Q/Q) with occupancy up ~20 basis points; completed 67 new leases in 2025 (64 unique tenants) and signed over 400,000 sq ft of new leases and renewals.
Robust Leasing Economics
New lease spreads averaged ~20% and renewal spreads were just under 10%; management expects TTM newly signed spreads to return to the low-20s.
NOI and Operational Outperformance
NOI increased ~16% sequentially and ~60% year-over-year (driven by acquisitions and organic growth); full-year same property NOI up 3.3% and Q4 same property NOI +1.5% despite a 50 bps headwind from uncollectible revenue.
Capital Efficiency
Full-year CapEx was just under 7% of NOI (Q4 CapEx ~8.9% of NOI), which management cites as among the most capital-efficient in the public REIT sector.
FFO Growth Guidance
Introduced 2026 FFO guidance of $1.17–$1.21 per share; midpoint implies ~12% year-over-year FFO growth, supported by investment activity, limited CapEx (<10% NOI), and G&A guidance (~$32 million).
Strong Balance Sheet and Liquidity
Raised $600 million of debt capital at a weighted average rate of ~5%; year-end cash ~$290 million; 5.2 million forward-share sale expected to bring ~$120 million; total immediate liquidity available ~$582 million and leverage ratio <20%.
Low Tenant Concentration and High Credit Mix
Portfolio diversity: only nine tenants contribute >1% of base rent and only one tenant >2%; ~70% of 2025 new leases were national credit operators.
Large Addressable Market
Owns almost 5 million sq ft vs. a 950 million sq ft US market (roughly 190x larger); top quartile of the convenience sector is ~50x larger than current portfolio, signaling a long runway for growth.
CURB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CURB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 09, 2026 | $25.27 | $25.66 | +1.54% |
Oct 28, 2025 | $24.55 | $24.07 | -1.96% |
Jul 28, 2025 | $23.02 | $22.59 | -1.87% |
Apr 24, 2025 | $22.88 | $22.54 | -1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Curbline Properties Corp. (CURB) report earnings?
Curbline Properties Corp. (CURB) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Curbline Properties Corp. (CURB) earnings time?
Curbline Properties Corp. (CURB) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CURB EPS forecast?
CURB EPS forecast for the fiscal quarter 2026 (Q1) is 0.05.