Record Leasing Volume
Curbline Properties reported its highest quarterly new leasing volume since tracking began, with nearly 50,000 square feet of new leases signed.
Substantial Property Acquisitions
The company acquired $415 million worth of properties in the second quarter and third quarter to date, significantly exceeding their original 2025 guidance pace.
Increased Guidance for 2025
Curbline raised its 2025 OFFO guidance to a range between $1 and $1.03 per share due to better-than-projected operations and acquisition pacing.
Strong Balance Sheet
The company ended the quarter with almost $430 million of cash and over $1 billion of liquidity, positioning it well for future growth.
High Lease Rate
The company's lease rate increased to 96.1%, among the highest in the sector, driven by strong leasing activity.