--- title: "Curbline Properties | 8-K: FY2026 Q2 Revenue: USD 63.3 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294052084.md" datetime: "2026-07-28T10:47:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294052084.md) - [en](https://longbridge.com/en/news/294052084.md) - [zh-HK](https://longbridge.com/zh-HK/news/294052084.md) generator: "portal-rs" --- # Curbline Properties | 8-K: FY2026 Q2 Revenue: USD 63.3 M Revenue: As of FY2026 Q2, the actual value is USD 63.3 M. EPS: As of FY2026 Q2, the actual value is USD 0.06, missing the estimate of USD 0.075. EBIT: As of FY2026 Q2, the actual value is USD 13.89 M. ### Net Income Attributable to Curbline Properties Corp. Net income attributable to Curbline Properties Corp. was $6.9 million for the second quarter ended June 30, 2026, a decrease from $10.4 million in the prior year period. For the six months ended June 30, 2026, net income attributable to Curbline Properties Corp. was $10.5 million, down from $20.9 million in the year-ago period, primarily due to increased interest expense and depreciation and amortization expense, partially offset by asset acquisitions. ### Operating Funds From Operations (OFFO) Attributable to Curbline Properties Corp. Operating Funds From Operations (OFFO) attributable to Curbline Properties Corp. for the second quarter was $33.3 million, an increase from $26.9 million in the prior year, driven mainly by asset acquisitions despite higher interest expense and increased weighted-average share count. For the six months ended June 30, 2026, Operating FFO was $63.279 million, compared to $52.066 million in the prior year period. ### Revenue and Expenses (in thousands) #### Second Quarter 2026 vs. 2025: - **Total Revenues:** $63,296 in Q2 2026, up from $41,402 in Q2 2025. - **Rental income:** $63,077 in Q2 2026, compared to $41,104 in Q2 2025. - **Total Property Expenses:** $15,449 in Q2 2026, up from $10,637 in Q2 2025. - **Operating and maintenance:** $7,904 in Q2 2026, compared to $5,666 in Q2 2025. - **Real estate taxes:** $7,545 in Q2 2026, compared to $4,971 in Q2 2025. - **Net Operating Income (NOI):** $47,847 in Q2 2026, compared to $30,765 in Q2 2025. - **Other Income (Expense):** - **Interest expense:** - $8,372 in Q2 2026, compared to - $1,767 in Q2 2025. - **Depreciation and amortization:** - $26,464 in Q2 2026, compared to - $16,039 in Q2 2025. - **General and administrative:** - $9,240 in Q2 2026, compared to - $8,156 in Q2 2025. #### Six Months Ended June 30, 2026 vs. 2025: - **Total Revenues:** $121,283 in 6M 2026, up from $80,097 in 6M 2025. - **Rental income:** $120,748 in 6M 2026, compared to $79,542 in 6M 2025. - **Total Property Expenses:** $30,533 in 6M 2026, up from $20,860 in 6M 2025. - **Operating and maintenance:** $15,712 in 6M 2026, compared to $11,068 in 6M 2025. - **Real estate taxes:** $14,821 in 6M 2026, compared to $9,792 in 6M 2025. - **Net Operating Income (NOI):** $90,750 in 6M 2026, compared to $59,237 in 6M 2025. - **Other Income (Expense):** - **Interest expense:** - $16,260 in 6M 2026, compared to - $2,334 in 6M 2025. - **Depreciation and amortization:** - $52,123 in 6M 2026, compared to - $30,502 in 6M 2025. - **General and administrative:** - $18,863 in 6M 2026, compared to - $17,084 in 6M 2025. ### Same-Property Metrics Same-Property Net Operating Income (SPNOI) increased by 2.1% for the six-month period ended June 30, 2026, compared to the prior year period. The leased rate was 96.5% at June 30, 2026, an increase from 96.1% at June 30, 2025. The Signed Not Opened (SNO) spread was 220 basis points as of June 30, 2026, representing $7.6 million of annualized base rent. The Same-Property NOI Operating Margin was 74.3% for the six months ended June 30, 2026, compared to 74.1% in the prior year period. ### Leasing Activity Cash new leasing spreads were 8.2% for the second quarter of 2026 and 20.2% for the trailing twelve-month period ended June 30, 2026. Cash renewal leasing spreads were 8.6% for the second quarter of 2026 and 7.4% for the trailing twelve-month period ended June 30, 2026. Straight-lined new leasing spreads were 27.1% for the second quarter of 2026 and 35.7% for the trailing twelve-month period, while straight-lined renewal leasing spreads were 18.1% and 17.1% for the same periods, respectively. ### Acquisitions During the second quarter of 2026, Curbline Properties Corp. acquired 30 convenience shopping centers for an aggregate purchase price of $374.1 million. Year-to-date 2026, the company acquired 48 convenience shopping centers for an aggregate purchase price of $563.7 million. In the third quarter to date, four convenience shopping centers were acquired for an aggregate purchase price of $47.1 million. ### Capital and Cash Position As of June 30, 2026, adjusted for forward equity sales, Curbline Properties Corp. had $850.9 million of cash and capital commitments for future acquisitions, including $154.7 million in cash and $696.2 million from expected gross proceeds of unsettled forward equity sales. Total debt was $600,000 thousand at June 30, 2026, with net debt of $445,279 thousand. ### Outlook / Guidance Curbline Properties Corp. updated its guidance for 2026 net income attributable to Curbline to a range of $0.27 to $0.32 per diluted share. The Operating FFO guidance for 2026 has been revised to $1.24 to $1.26 per diluted share. The company is raising its full-year investment target and OFFO guidance due to significant outperformance and available capital to fund the revised investment pipeline. ### Related Stocks - [CURB.US](https://longbridge.com/en/quote/CURB.US.md) ## Related News & Research - [NFJ Investment Group LLC Purchases Shares of 73,263 Curbline Properties Corp. $CURB](https://longbridge.com/en/news/296678917.md) - [Alexander Otto Sells 1,206 Shares of Curbline Properties (NYSE:CURB) Stock](https://longbridge.com/en/news/296537927.md) - [Curbline Properties director Alexander Otto disposes of USD 1.02 million in common shares](https://longbridge.com/en/news/296530920.md) - [Curbline Properties Director Sold Shares Worth Over $4.3M](https://longbridge.com/en/news/296276260.md) - [Curbline Properties director Alexander Otto reports disposal of common shares valued at $4.4 million](https://longbridge.com/en/news/296275827.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**