Curbline Properties Q3 operating FFO per share rises 14%
CURB•Curbline Properties reported third-quarter operating FFO of $0.32 per share, up from $0.28 a year earlier, while net income per share declined. The company raised 2026 operating FFO guidance to $1.25-$1.27 per diluted share and forecast net income of $0.25-$0.29 per diluted share.
1. Quarterly results
Curbline Properties said third-quarter revenue rose year over year, while net income per share declined. Operating FFO per share increased to $0.32 from $0.28 a year earlier; revenue was $71.10 million, net income was $7.44 million and EPS was $0.06.
2. Guidance and drivers
The company raised its 2026 operating FFO guidance to $1.25-$1.27 per diluted share and forecast net income of $0.25-$0.29 per diluted share. It attributed higher same-property net operating income to accelerated base rent growth from new rent commencements, and said acquisitions contributed to higher operating FFO. Higher interest and depreciation expenses, lower interest income and a higher share count from acquisitions contributed to lower net income.
