Curbline Properties Corp. (CURB) News & EventsCURBCurbline Properties Corp.

Curbline Reports Q3 Revenue of $71.1M, Exceeding Expectations

Reports Q3 revenue $71.1M, consensus $66.79M. "Curbline's Q3 results represent a continuation of trends from the first half of the year with over $300 million of investments and capital raised. Importantly, the company's SNO pipeline also began to ramp in the quarter with the majority of the leases expected to commence rent payment by March 2027. This operational tailwind, along with Curbline's higher full year investment target funded with liquidity on hand, is expected to generate compelling per share growth into the fourth quarter and into 2027," commented CEO David Lukes. "Looking forward, we believe Curbline remains uniquely positioned for growth given its differentiated investment focus, the leasing economics of the company's property type, and its balance sheet."

Curbline Reports Q2 Revenue of $63.3M, Exceeding Expectations

Reports Q2 revenue $63.3M, consensus $59.49M. "Curbline's Q2 results highlight the strength of the platform that we have constructed with record investment volume of $375M, over $500M of capital raised, and an uptick in leasing volume with the vast majority of the company's SNO pipeline expected to commence rent payment by March 2027. Curbline is again raising its full year investment target and OFFO guidance range given the significant outperformance to date with all cash and capital commitments needed to fund the revised investment pipeline on hand," commented CEO David Lukes "Looking forward, we believe Curbline remains uniquely positioned for growth given its differentiated investment focus, the leasing economics of the company's property type, and its balance sheet."

Goldman Sachs, Morgan Stanley, and Wells Fargo Jointly Manage New Stock Offering

The deal range was $30.85-$31.27. Goldman Sachs, Morgan Stanley and Wells Fargo acted as joint book running managers for the offering.