Curbline Properties Corp. reported third‑quarter 2025 results, posting revenue of $48.65 million and net income attributable to the REIT of $9.346 million, which translates to earnings per share of $0.09. Operating funds from operations (FFO) reached $29.5 million, or $0.28 per diluted share, while the company’s leased rate climbed to 96.7% of its portfolio, driven by new leasing activity and a 96.7% occupancy rate.
The company updated its 2025 guidance, raising the net income per share range to $0.35‑$0.38 and the operating FFO per share range to $1.04‑$1.05. The prior guidance had been $0.37‑$0.44 for net income per share and $1.00‑$1.03 for operating FFO per share.
Curbline completed $336.1 million in acquisitions during the quarter, adding 37 convenience shopping centers to its portfolio and reinforcing its aggressive growth strategy. The same‑property net operating income (NOI) grew 2.6% sequentially and 3.7% year‑to‑date, and capital efficiency remained strong with CapEx below 10% of NOI.
In addition to the acquisitions, the company priced a $200 million private placement of senior unsecured notes in October 2025 and funded a $150 million term loan in July 2025. Fitch assigned a BBB rating to the REIT. The results confirm Curbline’s ability to generate double‑digit earnings and cash‑flow growth while maintaining high leasing rates in affluent suburban markets, reinforcing investor confidence in its growth trajectory.
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