Curbline Properties Reports Q2 Earnings with Raised Guidance
Curbline Properties (CURB) reported second-quarter results for fiscal year 2026, showing an increase in operating FFO to $33.3 million ($0.31 per diluted share), up from $26.9 million a year earlier. The company acquired properties worth $374.1 million during the quarter and raised its full-year acquisition target to $1 billion from $850 million previously. Despite higher interest and depreciation costs, net income reached $6.9 million ($0.06 per diluted share). Same-property NOI declined 0.5% due to lower recovery revenue, but leased rate increased to 96.5%, with occupancy at a record high of 94.3%. Management raised its OFFO guidance for the year to between $1.24 and $1.26 per diluted share, representing expected growth of around 17%. The company maintained strong liquidity with $850.9 million available as of June 30, including cash reserves and unsettled forward equity sales.
Tickers: $CURB
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