Curbline Properties Corp. (CURB)
NYSE:CURB
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Earnings Data
Report Date
Aug 03, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)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 presented strong operational and financial momentum: materially higher NOI (sequential +3%, YoY >50%), robust leasing activity, continued portfolio growth and a raised OFFO guidance (~14% midpoint growth). Management highlighted deep liquidity (> $700M), high occupancy (96.3%) and attractive going-in returns (low-6% cap rates, unlevered IRR 7%–9%), which together point to a positive growth trajectory. Near-term headwinds include an expected ~300 bps Q2 same-property NOI drag from timing of CapEx and bad-debt comparisons, some noncash accounting volatility and the usual execution risk on a highly granular acquisition pipeline. Overall, the positives (strong balance sheet, clear pipeline visibility, raised guidance and outsized YoY NOI growth) outweigh the near-term operational and accounting challenges.Company Guidance
Raised 2026 Investment Target
Increased full-year 2026 acquisition target to $850 million from $750 million (up $100M, +13.3%), driven by elevated deal flow, off-market opportunities and inbound seller interest.
Strong Liquidity and Capital Access
Ending cash on hand of $306 million plus unsettled equity proceeds of $371 million and other financings provide over $700 million of immediate liquidity to fund acquisitions; closed remaining $200 million private placement and sold 11.8 million shares on a forward basis ($296M expected gross proceeds).
Meaningful Organic and Acquisition-Driven NOI Growth
NOI rose ~3% sequentially and over 50% year-over-year, driven by acquisitions combined with organic operational growth.
Same-Property NOI Outperformance
Same-property NOI increased 4.8% in the first quarter (David described it as almost 5%), supported by 3.5% base rent growth and lower uncollectible revenue.
Leasing Strength and Tenant Diversification
Signed >145,000 sq ft of new leases and renewals this quarter; 62 new/renewal leases were with different tenants, 71% were national credit operators; portfolio concentration low with only eight tenants >1% of base rent and only one tenant >2%.
High Occupancy and Lease Rate Trends
Lease rate improved 30 basis points year-over-year to 96.3% and occupancy rose 60 basis points; trailing 12-month leasing spreads in line with five-year averages.
Capital Efficiency
Quarterly CapEx was 6.3% of quarterly NOI (trailing 12-month CapEx 7.3% of NOI), indicating a low CapEx, capital-efficient property type.
Raised OFFO Guidance
Revised 2026 OFFO guidance to $1.20–$1.23 per share; midpoint implies ~14% growth in OFFO, underpinned by ~$850M of investments, expected cash returns on invested cash (~3.25% initially), CapEx <10% of NOI and G&A roughly $32M.
Attractive Going-In Returns and Stable Cap Rates
Management reports going-in cap rates in the low-6% range and unlevered IRRs around 7%–9% depending on the property; average GAAP vs cash cap rate differential ~35 basis points (cash metrics used for underwriting).
Pipeline Visibility
Management stated roughly $750M of the $850M acquisition target is closed, under contract or awarded (~88% visibility), providing near-term visibility into expected closings for the next two quarters.
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 |
|---|---|---|---|
Apr 28, 2026 | $28.33 | $28.76 | +1.52% |
Feb 09, 2026 | $25.11 | $25.50 | +1.55% |
Oct 28, 2025 | $24.39 | $23.92 | -1.94% |
Jul 28, 2025 | $22.87 | $22.45 | -1.84% |
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 Aug 03, 2026, Before Open (Confirmed).
What is Curbline Properties Corp. (CURB) earnings time?
Curbline Properties Corp. (CURB) earnings time is at Aug 03, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CURB EPS forecast?
CURB EPS forecast for the fiscal quarter 2026 (Q2) is 0.05.