Curbline Properties
Owns small-format convenience centers serving restaurants and everyday service tenants in U.S. suburbs.
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Profile
Owns and manages small-format convenience shopping centers in higher-income U.S. suburbs, collecting rent from restaurants and service tenants. Standardized small-shop units and a broad tenant base support leasing, while portfolio growth depends on acquisitions and capital-market access.
Owns, leases, acquires and manages small-format convenience shopping centers at high-traffic intersections and vehicular corridors in higher-income U.S. suburbs. The nationwide portfolio is weighted toward the Southeast and Southwest, Mountain and Texas markets, with additional Mid-Atlantic, Midwest, Northeast and West Coast holdings. Rental income comes from small spaces leased to restaurants and service businesses spanning health and wellness, finance, telecommunications, beauty and fitness.
Focuses on unanchored strip centers with visible access, dedicated parking and standardized units that can serve a broad pool of national, regional and local tenants. Most space is leased, and recent new and renewal deals have raised rents. Growth relies on property acquisitions and access to debt and equity capital; cash flow depends on tenant payments, occupancy, leasing terms and property expenses, while REIT status governs tax treatment.
Company facts
Categories
Key statistics
Year to date +29.7% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 25, 2026 | Jefferies | Initiate | Buy | $36 | ||
| Jul 29, 2026 | KeyBanc | Reiterate | Overweight | $32 | $34 | |
| Jul 21, 2026 | Piper Sandler | Reiterate | Overweight | $32 | $39 | |
| Jun 22, 2026 | KeyBanc | Reiterate | Overweight | $30 | $32 | |
| Jun 18, 2026 | Morgan Stanley | Downgrade | Overweight | Equal Weight | $29 | $30 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.04 | $0.06 | +39.0% | $59.2M | $63.1M | +6.5% | −3.00% |
| Apr 28, 2026Q1 FY26 | $0.06 | $0.03 | −50.0% | $53.3M | $57.7M | +8.1% | −3.93% |
| Feb 9, 2026Q4 FY25 | $0.06 | $0.09 | +47.0% | $51.2M | $54.0M | +5.5% | +0.27% |
| Oct 28, 2025Q3 FY25 | $0.09 | $0.09 | 0.0% | $43.3M | $48.6M | +12.4% | −1.81% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $38.7M | $41.4M | $48.6M | $54.1M | $58.0M | $58.4M | |
| Gross profit | $28.5M | $30.8M | $36.0M | $41.7M | $42.9M | −$10.0M | |
| Operating income | $5.1M | $6.6M | $9.0M | $10.0M | $7.6M | $6.8M | |
| Net income | $10.6M | $10.4M | $9.3M | $9.5M | $3.6M | $6.9M | |
| Diluted EPS | $0.10 | $0.10 | $0.09 | $0.09 | $0.03 | $0.06 | |
| Gross margin | 73.6% | 74.3% | 74.0% | 77.0% | 74.0% | -17.1% | |
| Operating margin | 13.1% | 15.9% | 18.4% | 18.5% | 13.1% | 11.7% |
Fiscal years (4-quarter sums)FY24 $120.9M · FY25 $182.9M
Balance sheet, Jun 30, 2026Cash & short-term investments $154.7M · Total debt $674.8M · Total assets $2.84B · Shareholders' equity $2.09B
Dividends
Last raised to $0.17 from $0.16 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 18, 2026 | Jun 18 | Jul 9 | $0.17 | |
| Mar 18, 2026 | Mar 18 | Apr 8 | $0.17 | raised from $0.16 |
| Dec 22, 2025 | Dec 22 | Jan 7 | $0.19 | special dividend |
| Sep 30, 2025 | Sep 30 | Oct 21 | $0.16 | |
| Jun 18, 2025 | Jun 18 | Jul 9 | $0.16 | |
| Mar 14, 2025 | Mar 14 | Apr 8 | $0.16 | |
| Dec 31, 2024 | Dec 31 | Jan 16 | $0.25 | special dividend |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 115.04M · Float 104.92M · 91.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 17.48M | 15.19% | 13F | Aug 7, 2026 |
| T. Rowe Price Investment Management, Inc. | 13.32M | 11.58% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 9.39M | 8.16% | 13F | Aug 13, 2026 |
| Alexander Otto · director | 6.92M | 6.02% | Form 4 | Aug 27, 2026 |
| State Street Corp | 5.55M | 4.82% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Alexander Otto | director | −134,868 | $30.17 |
| Aug 25, 2026 | Alexander Otto | director | −174,293 | $30.12 |
| Aug 19, 2026 | Alexander Otto | director | −1,206 | $30.10 |
| Aug 18, 2026 | Alexander Otto | director | −32,927 | $30.02 |
| Aug 17, 2026 | Alexander Otto | director | −9,173 | $30.04 |
Peers
- Regency Centers
Grocery-anchored centers with broad suburban overlap
- Kimco Realty
Open-air grocery-anchored centers in similar suburban corridors
- Brixmor Property Group
Large open-air portfolio with grocery and service overlap
- Phillips Edison
Grocery-anchored neighborhood centers near daily-needs retail
- Federal Realty
Affluent-market retail centers with mixed-use scale
- InvenTrust Properties
Sun Belt grocery-anchored centers in growth markets
- Agree Realty
Retail net-lease buyer competing for real estate capital
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Curbline Properties | $29.79 | −0.70% | $3.45B | 111.1 | 115.6 | 15.7 | +52.4% |
| Regency Centers | $75.52 | +0.01% | $13.79B | 21.4 | 29.9 | 8.0 | +5.8% |
| Kimco Realty | $23.78 | +0.02% | $16.03B | 26.7 | 27.8 | 7.3 | +4.1% |
| Brixmor Property Group | $29.17 | −0.02% | $8.95B | 20.8 | 28.0 | 6.4 | +4.2% |
| Phillips Edison | $40.00 | +2.43% | $5.02B | 34.0 | 49.5 | 6.7 | +3.8% |
| Federal Realty | $116.75 | −0.01% | $10.09B | 23.3 | 37.7 | 7.6 | +4.6% |
| InvenTrust Properties | $32.55 | +0.03% | $2.54B | 162.2 | — | 8.0 | +13.3% |
| Agree Realty | $73.20 | −0.05% | $8.79B | 39.4 | 37.7 | 11.3 | +16.9% |
| Median | 26.7 | 33.8 | 7.6 | +4.6% |