Curbline Properties (CURB) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Curbline Properties published the results on October 22, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Curbline Properties reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Operating FFO, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Curbline is a REIT. Revenue here is its total revenues (rental income plus other property revenues), and the adjusted per-share figure is Operating FFO per diluted share, which Curbline calculates as NAREIT FFO excluding certain non-operating charges, income and gains or losses.
• Curbline was spun off from SITE Centers on October 1, 2024 and has grown mainly by acquisition since, so year-over-year revenue changes reflect a much larger portfolio: 239 properties at September 30, 2026, against 162 a year earlier.

Source: Curbline Properties Q3 2026 results, October 22, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Curbline Properties splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Curbline Properties's Rental income revenue was $70.9 million in Q3 2026, up 46% from $48.5 million in Q3 2025, 100% of total revenue.
• Curbline Properties's Other property revenues revenue was $0.2 million in Q3 2026, up 28% from $0.2 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Curbline Properties said:

“The Company has updated its guidance for net income attributable to Curbline for 2026 to be from $0.25 to $0.29 per diluted share and raised its guidance for Operating FFO to be from $1.25 to $1.27 per diluted share.”

“The Company does not include a projection of gains or losses on asset sales, certain transaction costs or debt extinguishment costs in guidance.”

Source: Curbline Properties Q3 2026 release, Oct 22, 2026.

This is the company's own guidance as of Oct 22, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CURB forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and GAAP diluted EPS, each as first reported in that quarter's earnings release and supplement.

We do not hold a confirmed date for Curbline Properties's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 22, 2026

Curbline Properties reported total revenues of $71.1 million in Q3 2026, against $48.6 million a year earlier. Almost all of it is rental income ($70.9 million), made up mainly of minimum rents ($45.0 million) and recoveries ($17.8 million), plus ground lease minimum rents of $4.1 million. (Curbline Properties Q3 2026 release and supplement, Oct 22, 2026)

Curbline owns convenience shopping centers on busy intersections and corridors in suburban, high household income communities. At September 30, 2026 it owned 239 properties with 6.1 million square feet of gross leasable area, against 162 properties a year earlier. Shop space is 96% of the portfolio, national tenants account for 70% of the retailer mix, and Atlanta (11% of base rent), Miami (8%) and Phoenix (7%) are its largest markets. (Curbline Properties Q3 2026 release and supplement, Oct 22, 2026)

Acquisitions drove the revenue growth. In Q3 2026 Curbline acquired 23 convenience shopping centers for $233.9 million, and year to date it acquired 72 for $800.0 million. Total Curbline NOI rose 47.9%, while same-property NOI rose 3.4%, which Curbline attributed to faster base rent growth from rent commencements. (Curbline Properties Q3 2026 release and supplement, Oct 22, 2026)

Curbline's tenant base is spread thin. Its largest tenant, Starbucks, accounts for 2.7% of base rent across 47 units, followed by Verizon at 1.6% and Inspire Brands at 1.5%, and the top 25 tenants together make up 22.7%. Curbline was spun off from SITE Centers on October 1, 2024, when SITE Centers contributed 79 convenience properties. (Curbline Properties Q3 2026 release and supplement, Oct 22, 2026; Curbline Properties Form 10-K, 2025, Feb 10, 2026)

Curbline's net income attributable to common shareholders was $7.4 million, or $0.06 per diluted share, in Q3 2026, against $9.3 million, or $0.09, a year earlier. Curbline attributed the decline to higher interest and depreciation and amortization expense, lower interest income and a higher share count from shares issued to fund acquisitions, partly offset by the acquisitions themselves. Interest expense rose to $8.5 million from $4.0 million and interest income fell to $749 thousand from $4.1 million. (Curbline Properties Q3 2026 release and supplement, Oct 22, 2026)

Operating FFO, the measure Curbline guides on, was $37.4 million, or $0.32 per diluted share, against $29.5 million, or $0.28. FFO adds back real estate depreciation and amortization ($29.7 million in the quarter) to net income, and Operating FFO also excludes transaction and debt extinguishment costs ($297 thousand). (Curbline Properties Q3 2026 release and supplement, Oct 22, 2026)

Curbline funds its acquisitions with equity. Diluted weighted average shares were 116,934 thousand, against 105,264 thousand a year earlier. During the quarter Curbline settled 7.3 million forward-sold shares for net proceeds of $184.0 million, and year to date it has sold 33.0 million shares on a forward basis for expected gross proceeds of $925.9 million. Unsecured debt was $596.1 million at September 30, 2026. (Curbline Properties Q3 2026 release and supplement, Oct 22, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Curbline gives a full-year outlook in its release. With Q3 2026 it raised its 2026 Operating FFO guidance to $1.25 to $1.27 per diluted share, from $1.24 to $1.26, and updated net income guidance to $0.25 to $0.29 per diluted share, from $0.27 to $0.32. Its guidance does not project gains or losses on asset sales, certain transaction costs or debt extinguishment costs. (Curbline Properties Q3 2026 release and supplement, Oct 22, 2026)

Curbline said its signed-not-opened pipeline of 190 basis points, $7.6 million of annualized base rent, began to ramp in the quarter, with most of those leases expected to start paying rent by March 2027. At September 30, 2026 it had $734.9 million of cash and capital commitments for future acquisitions, including $122.8 million of cash and $612.1 million of expected proceeds from unsettled forward equity sales. (Curbline Properties Q3 2026 release and supplement, Oct 22, 2026)

A consensus figure is the average of the models published by the analysts who cover Curbline Properties, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Curbline Properties's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CURB is on is CURB a buy or a sell?, what analysts expect next is on the CURB forecast, and what the company does is on the Curbline Properties (CURB) stock page.

Every number on this page can be traced to a document Curbline Properties published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.