Curbline Raises Full-Year Guidance Following Strong Q3 2026 Earnings
Curbline (CURB) raised its full-year operating funds from operations (OFFO) guidance to a range of $1.25 to $1.27 per share during its third quarter 2026 earnings call. This represents an 18% annual growth rate at the midpoint. The company is aggressively scaling its footprint as a pure-play REIT focused on unanchored convenience centers, having acquired over $800 million in assets so far in 2026 with expectations to exceed $1 billion by year-end. Management highlighted high capital efficiency, noting that capital expenditures remain below 10% of net operating income (NOI). This capital-light model, combined with a significant pipeline of signed-but-not-open leases expected to deliver revenue by March 2027, positions the company for sustained cash flow growth. With an unencumbered portfolio and substantial liquidity, Curbline aims to maintain double-digit growth while navigating shifting borrowing costs.
Tickers: $CURB
Topics: acquisition capital expenditure earnings call guidance increase REIT