Curbline Properties reports Q1 operating FFO 24c, consensus 24c

Reports Q1 revenue $38.7M, consensus $34.51M. “Curbline Properties (CURB) had a great start to 2025 as we look to scale the first public real estate company focused exclusively on convenience properties located on the curbline in the wealthiest submarkets in the U.S.” commented CEO David Lukes. “In Q1, Curbline closed on the acquisition of 11 convenience shopping centers for $124.2M and saw an acceleration in leasing activity driven primarily by national, credit tenants leading to a 50 basis point increase in the company’s leased rate to 96.0%. The company is uniquely positioned in the public real estate sector to outperform in a variety of macro environments given its differentiated investment focus, the leasing economics of the Company’s property type, and its balance sheet which was in a net cash position at quarter end.”