Curbline Properties Q2 profit falls on increased interest expense

Curbline Properties

28/07/2026 11:39

Overview
US convenience center REIT's Q2 net income and EPS fell yr/yr on higher interest, depreciation
Q2 operating FFO rose yr/yr, driven by asset acquisitions
Company raised full-year investment and OFFO guidance after strong investment and capital raising

Outlook
Curbline raises 2026 Operating FFO guidance to $1.24-$1.26 per diluted share
Company lowers 2026 net income guidance to $0.27-$0.32 per diluted share
Curbline says it has funding in place for revised investment pipeline

Result Drivers
ASSET ACQUISITIONS - Q2 operating FFO rose yr/yr mainly due to the net impact of asset acquisitions, partially offset by higher interest expense and increased share count
HIGHER INTEREST AND DEPRECIATION - Net income and EPS declined yr/yr, mainly due to increased interest expense and higher depreciation and amortization
LEASING ACTIVITY - Leasing spreads remained strong and the leased rate increased slightly, reflecting an acceleration in net leasing activity

Company press release: ID:nBw88dPS0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.06
 
Q2 Net Income
 
$6.93 mln
 
Q2 Pretax Profit
 
$6.99 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy"
Wall Street's median 12-month price target for Curbline Properties Corp. is $32.00, about 1.5% above its July 27 closing price of $31.54
The stock recently traded at 96 times the next 12-month earnings vs. a P/E of 100 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)