CURB · NYSE · REIT - Retail

Curbline Properties (CURB)

Owns small-format convenience centers serving restaurants and everyday service tenants in U.S. suburbs.

$28.80
After hours+0.00 (+0.02%)
At close$28.80(+0.47%)
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Curbline Properties Corp.CURB
Real Estate

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

CEODavid R. Lukes
ListedSep 26, 2024
ExchangeNYSE
HeadquartersNew York, NY
CountryUnited States
Employees39
CIK0002027317
ISINUS23128Q1013

Market cap$3.30B
EPS (ttm)$0.2700
P/E (ttm)106.15
ROE1.5%
P/B1.58
P/S15.04
Dividend yieldDiv yield1.19%
Beta0.18vs XLRE 0.70

Price target$35.00+21.8%Average of 8 analysts
ConsensusBuy5 of 8 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 25, 2026JefferiesInitiate
Rating: Target:
Rating: BuyTarget: $36
Jul 29, 2026KeyBancReiterate
Rating: Target: $32
Rating: OverweightTarget: $34
Jul 21, 2026Piper SandlerReiterate
Rating: Target: $32
Rating: OverweightTarget: $39
Jun 22, 2026KeyBancReiterate
Rating: Target: $30
Rating: OverweightTarget: $32
Jun 18, 2026Morgan StanleyDowngrade
Rating: OverweightTarget: $29
Rating: Equal WeightTarget: $30

Next report
Oct 27, 26
in 35 days
EPS estimate
$0.08
Revenue estimate
$65.7M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$0.11$0.10$0.11$0.09$0.09$0.03$0.06Pending
Estimate$0.11$0.11$0.11$0.09$0.06$0.06$0.04$0.08
Surprise+3.1%−10.1%+4.8%0.0%+47.0%−50.0%+39.0%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$34.6M$38.4M$41.1M$48.6M$54.0M$57.7M$63.1MPending
Estimate$34.5M$34.6M$37.7M$43.3M$53.3M$53.3M$59.2M$65.7M
Surprise+0.4%+11.2%+9.1%+12.4%+1.2%+8.1%+6.5%
Estimate$0.08
ReportedDue Oct 27, 2026
Estimate$65.7M
ReportedDue Oct 27, 2026
View details

Debt to equity32.20%
Current ratio257.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$29.8M$34.9M$38.7M$41.4M$48.6M$54.1M$58.0M$58.4M
Net income−$15.4M$11.5M$10.6M$10.4M$9.3M$9.5M$3.6M$6.9M
Net margin0.0%32.8%27.3%25.1%19.2%17.6%6.1%11.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$8.2M$3.8M$5.1M$6.6M$9.0M$10.0M$7.6M$6.8M
YoY growth−10.3%−58.8%−55.1%−37.7%+9.0%+161.0%+50.0%+4.2%

Balance sheet, Jun 30, 2026Cash & short-term investments $154.7M · Total debt $674.8M · Total assets $2.84B · Shareholders' equity $2.09B

Revenue
$58.4M
Operating income
$6.8M
Net income
$6.9M
View details

Dividend yield
1.19%
Next ex-date
Sep 29, 26
in 7 days
Annual dividend
$0.34
per share
Schedule
Semi-annual
2 payments a year

HistoryDividendAnnual yieldUpcoming

Mar '25Jun '25Sep '25Mar '26Jun '26Sep '26
Dividend$0.16$0.16$0.16$0.17$0.17$0.17
Annual yield0.68%1.42%2.15%1.26%2.21%2.33%
Ex-dateMar 14Jun 18Sep 30Mar 18Jun 18Sep 29
Payment dateApr 8Jul 9Oct 21Apr 8Jul 9Oct 14
View details

Institutions≈ 119.29%137.23M shares
286 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders6.66%7.67M shares
11 holders · as of Sep 16, 2026
Adds to125.95%

115.04M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 125.95%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
15.19%17.48Mas of Jun 30, 2026
T. Rowe Price Investment Management, Inc.Institution
11.58%13.32Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
8.16%9.39Mas of Jun 30, 2026
Alexander OttoInsiderdirector
5.69%6.55Mfiled Sep 16, 2026
State Street CorpInstitution
4.82%5.55Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 14, 2026Alexander Ottodirector−839$29.52
Sep 10, 2026Alexander Ottodirector−2,344$29.51
Sep 9, 2026Alexander Ottodirector−33,112$29.59
Sep 8, 2026Alexander Ottodirector−221,812$29.68
Sep 1, 2026Alexander Ottodirector−100$30.02
View details

CompareAfter hours

CompanyPriceChange
Curbline Properties$28.80+0.02%$3.30B106.169.615.0+53.5%
Regency Centers$73.530.00%$13.32B20.729.17.7+5.7%
Kimco Realty$22.54+0.02%$15.19B25.326.36.9+4.9%
Brixmor Property Group$27.96−0.02%$8.62B20.127.96.1+4.3%
Phillips Edison$37.09−0.03%$4.75B32.247.96.3+3.8%
Federal Realty$110.460.00%$9.56B22.034.97.2+7.7%
InvenTrust Properties$30.660.00%$2.40B153.57.6+13.3%
Agree Realty$67.79+0.71%$8.12B36.434.710.4+16.9%
Median25.331.97.2+5.7%