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.