AI-extracted from the 10-Q filed 2026-10-22 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Curbline's Q3 2026 revenue rose 46% YoY to $71.1M as 67 acquisitions over nine months drove rental income, while interest expense more than doubled to $8.5M.
Biggest Revenue Drivers
Rental income$70.9M+46% YoY
Increase primarily due to the impact of property acquisitions, with base and percentage rent up $16.2M and recoveries from tenants up $5.7M.
Other income$0.2M+28% YoY
Not explained in filing beyond the consolidated statement line item.
Biggest Revenue Drivers
Total revenue: $71.1M+46% YoY
Rental income$70.9M+46% YoY
Increase primarily due to the impact of property acquisitions, with base and percentage rent up $16.2M and recoveries from tenants up $5.7M.
Other income$0.2M+28% YoY
Not explained in filing beyond the consolidated statement line item.
Largest Expense Items
Depreciation and amortization$29.7M+50% YoY
Increase attributable to acquisitions of convenience shopping centers.
Operating and maintenance$9.2M+38% YoY
Increase in line with acquired properties.
General and administrative$9.8M+35% YoY
Expenses recognized under the Shared Services Agreement with SITE Centers.
Margins: Net income attributable to Curbline fell to $7.4M from $9.3M, as higher interest and depreciation expense outweighed net operating income growth from acquisitions. Interest income declined sharply as cash was used to fund acquisitions.
Watch Items from the Filing
Interest expense rose to $8.5M from $4.0M in the prior-year quarter, reflecting the 2025 and 2026 senior notes and term loans.
Portfolio leased rate of 96.4% and occupancy of 94.5% at September 30, 2026, with cash new leasing spreads of 18.2% on comparable leases.
Starbucks represents 2.7% of annualized base rent, the only tenant at or above 2% of ABR, indicating tenant concentration is limited.
Same-property NOI grew 2.5% for the nine months ended September 30, 2026, while total NOI grew 51.2% on acquisitions.
Shared Services Agreement fees and related charges are paid to affiliate SITE Centers, and the New York office lease terminates June 30, 2027.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Solomon Lesley HEVP & General CounselShares withheld for tax or exercise price · Apr 8, 2026
Yarian Christina M.SVP & Chief Accounting OfficerShares withheld for tax or exercise price · Feb 22, 2026
About Curbline Properties Corp. (CURB): stock profile, AI score and financials
Curbline Properties Corp. (CURB) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro's AI-powered ranking engine scores CURB at 65.0/100 on a composite quality score built from its SEC filings, placing it at rank #501 of 2,925 stocks — the top 25% of the AI-ranked universe. CURB scores in the top quartile across free cash flow (96.2), revenue growth (93.9), earnings quality (84.5). Areas of concern include revenue scale (26.6) and institutional flow (30.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 19.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), Curbline Properties Corp. reports quarterly revenue of $71.1M, net income of $7.4M, an operating margin of 10.5%. Top institutional holders of CURB by reported 13-F value include BlackRock, T. Rowe Price Investment Management, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. CURB trades on the NYSE exchange and files with the SEC under CIK 2027317. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CURB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Curbline Properties Corp. directly from SEC EDGAR.