Curbline Q2 net income drops 33.5% to $6.9 million; revenue rises 52.9% to $63.3 million
CURB•Second-quarter results
- Curbline Properties posted 2Q26 net income attributable to shareholders of $6.9 million, down 33.5% year over year, or $0.06 per diluted share.
- Operating FFO (non-GAAP) climbed to $33.3 million, up 23.7% year over year, or $0.31 per diluted share.
- Revenue rose to $63.3 million, up 52.9% year over year; net operating income increased to $47.8 million, up 55.5%.
Operating metrics, outlook and acquisitions
- Leased rate was 96.5% at June 30; signed-not-opened spread was 220 basis points, representing $7.6 million of annualized base rent.
- The company raised its 2026 Operating FFO outlook to $1.24-$1.26 per diluted share.
- It also acquired 30 centers for $374.1 million, citing $375 million in record investment volume.
