Quarterly ResultApr 29, 2026, 07:07 AM
CURB Q1 Net Income $3.56M, EPS $0.03; Acquires 14 Centers
AI Summary
Curbline Properties Corp. reported a net income attributable to Curbline of $3.56 million for Q1 2026, a significant decrease from $10.55 million in Q1 2025, with basic EPS falling to $0.03 from $0.10. Despite this, rental income increased to $57.67 million from $38.44 million year-over-year. The company acquired 14 convenience shopping centers for $142.4 million and completed a follow-on primary offering for expected gross proceeds of $234.6 million, alongside an at-the-market equity program generating $47.6 million.
Key Highlights
- Net income attributable to Curbline decreased 66.2% to $3.56M in Q1 2026.
- Basic EPS fell 70% to $0.03 in Q1 2026 from $0.10 in Q1 2025.
- Rental income increased 50% to $57.67M in Q1 2026.
- Acquired 14 convenience shopping centers for $142.4M in Q1 2026.
- Completed follow-on primary offering for $234.6M expected gross proceeds.
- Sold 2.04M shares under ATM program for $47.6M gross proceeds.
- Total indebtedness increased to $595.5M from $423.2M since Dec 31, 2025.
- Interest expense surged to $7.89M in Q1 2026 from $0.57M in Q1 2025.