Every material Form 8-K Curbline Properties has filed with the SEC since October 01, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Curbline Properties reported third-quarter 2026 results with total revenues of $71.1 million, up from $48.6 million a year earlier. Net income attributable to Curbline fell to $7.4 million, or $0.06 per diluted share, from $9.3 million, or $0.09, while Operating FFO rose to $37.4 million, or $0.32 per diluted share, from $29.5 million, or $0.28. The company cut its 2026 net income per-share guidance to $0.25 to $0.29 and raised its Operating FFO guidance to $1.25 to $1.27.
Q3 2026 net income attributable to Curbline was $7.4 million, or $0.06 per diluted share, versus $9.3 million, or $0.09, in Q3 2025.
Q3 2026 Operating FFO was $37.4 million, or $0.32 per diluted share, versus $29.5 million, or $0.28, in Q3 2025.
2026 net income per-share guidance was lowered to $0.25 to $0.29 from $0.27 to $0.32.
2026 Operating FFO per-share guidance was raised to $1.25 to $1.27 from $1.24 to $1.26.
Curbline Properties reported second-quarter 2026 net income attributable to the company of $6.9 million, or $0.06 per diluted share, down from $10.4 million, or $0.10, a year earlier. Operating FFO rose to $33.3 million, or $0.31 per diluted share, from $26.9 million, or $0.26, and the company raised its 2026 Operating FFO guidance to $1.24 to $1.26 per diluted share, while lowering its net income guidance to $0.27 to $0.32 per diluted share. For shareholders, the filing shows higher operating earnings alongside lower GAAP earnings and a reduced GAAP net income outlook.
Q2 2026 net income attributable to Curbline was $6.9 million, or $0.06 per diluted share, versus $10.4 million, or $0.10, in Q2 2025, mainly due to higher interest and depreciation and amortization expense.
Q2 2026 Operating FFO was $33.3 million, or $0.31 per diluted share, versus $26.9 million, or $0.26, a year earlier.
2026 Operating FFO guidance was raised to $1.24 to $1.26 per diluted share from $1.20 to $1.23.
2026 net income guidance was lowered to $0.27 to $0.32 per diluted share from $0.29 to $0.36. During Q2 2026, Curbline acquired 30 convenience shopping centers for $374.1 million.
Curbline Properties amended and restated the employment agreements of CFO Conor Fennerty and Chief Investment Officer John Cattonar on June 25, 2026, extending their terms through June 25, 2029, when the prior agreements were set to expire on September 30, 2026. The filing raises base salaries and adds backloaded restricted stock awards tied to the extension, which the company says are meant to retain both executives.
Fennerty base salary rises from $600,000 to $650,000; Cattonar base salary rises from $500,000 to $550,000.
Fennerty receives a $1,500,000 backloaded restricted stock award; Cattonar receives a $1,370,000 award, each with five-year vesting (50% vests on the fifth anniversary).
Annual time-based equity awards move to three-year ratable vesting, and change-in-control severance protections are added for qualifying terminations within three months before a change in control.
Curbline Properties Corp. entered into an equity sales agreement allowing it to sell up to $400 million of common stock through a group of sales agents and forward purchasers over time. The agreement replaces a prior at-the-market program that was terminated, which had about $7.1 million of unsold shares and about $199.9 million of shares tied to outstanding forward sale agreements. Share sales could dilute existing shareholders, and the company intends to use proceeds for general corporate purposes, including property acquisitions.
Up to $400 million of common stock may be offered and sold from time to time under the agreement dated June 2, 2026
Agents may receive commissions of up to 2.0% of gross sales price
Prior at-the-market program terminated; about $7.1 million unsold and about $199.9 million subject to outstanding forward sale agreements
Shares issued under a Form S-3 shelf filed October 1, 2025 and a June 2, 2026 prospectus supplement
Curbline Properties reported first-quarter 2026 net income attributable to the company of $3.6 million, or $0.03 per diluted share, down from $10.6 million, or $0.10, a year earlier. Operating FFO rose to $29.9 million, or $0.28 per diluted share, from $25.1 million, or $0.24, and the company raised its 2026 Operating FFO guidance to $1.20 to $1.23 per share from $1.17 to $1.21, while lowering its net income per share guidance to $0.29 to $0.36 from $0.32 to $0.40.
Q1 2026 net income attributable to Curbline was $3.6 million, or $0.03 per diluted share, versus $10.6 million, or $0.10, in Q1 2025.
Q1 2026 Operating FFO was $29.9 million, or $0.28 per diluted share, versus $25.1 million, or $0.24, in Q1 2025.
2026 Operating FFO guidance was raised to $1.20 to $1.23 per diluted share; net income guidance was lowered to $0.29 to $0.36.
Same-property NOI rose 4.8% in Q1 2026, and the company acquired 14 shopping centers for $142.4 million during the quarter.
Curbline Properties reported fourth-quarter and full-year 2025 results and gave 2026 guidance. Q4 net income fell year over year to $9.5 million, while Q4 Operating FFO rose to $30.4 million, and full-year 2025 net income rose sharply to $39.8 million. The company expects 2026 net income of $0.32 to $0.40 per diluted share and Operating FFO of $1.17 to $1.21 per diluted share.
Q4 2025 net income attributable to Curbline was $9.5 million, or $0.09 per diluted share, versus $11.5 million, or $0.11, a year earlier.
Q4 2025 Operating FFO was $30.4 million, or $0.29 per diluted share, versus $23.8 million, or $0.23, in Q4 2024.
Full-year 2025 net income attributable to Curbline was $39.8 million, or $0.37 per diluted share, versus $10.3 million, or $0.09, in 2024.
2026 guidance: net income of $0.32 to $0.40 per diluted share and Operating FFO of $1.17 to $1.21 per diluted share, versus full-year 2025 Operating FFO of $1.06.
Curbline Properties Corp. and its operating partnership agreed to sell $200 million of senior unsecured notes to institutional investors in a private placement. The notes carry fixed rates of 4.90% and 5.13%, and treasury locks set effective rates of 5.06% and 5.31%. Proceeds are intended for general corporate purposes, including future acquisitions.
Total of $200 million: $50 million of 4.90% notes due January 20, 2031 and $150 million of 5.13% notes due January 20, 2033
Effective interest rates after treasury locks: 5.06% (2031 notes) and 5.31% (2033 notes)
Closings scheduled for December 31, 2025 ($28.0 million) and January 20, 2026 ($22.0 million of 2031 notes and all 2033 notes)
Company guarantees the notes; covenants include maximum total leverage and minimum interest coverage ratios
Curbline Properties reported third quarter 2025 net income attributable to the company of $9.3 million, or $0.09 per diluted share, compared with a net loss of $15.4 million a year earlier, on revenue of $48.6 million versus $29.8 million. It raised its 2025 Operating FFO guidance to $1.04 to $1.05 per diluted share but lowered its net income guidance to $0.35 to $0.38 per diluted share from $0.37 to $0.44.
Q3 2025 net income attributable to Curbline was $9.3 million ($0.09 per diluted share), versus a net loss of $15.4 million ($0.15 per share) in Q3 2024.
Q3 2025 Operating FFO was $29.5 million ($0.28 per diluted share), up from $19.5 million ($0.19 per share) a year earlier.
Revised 2025 guidance: net income of $0.35 to $0.38 per diluted share (prior $0.37 to $0.44); Operating FFO of $1.04 to $1.05 (prior $1.00 to $1.03).
During Q3 2025 the company acquired 37 convenience shopping centers for $336.1 million; leased rate was 96.7% at September 30, 2025.
Curbline Properties Corp. entered into an at-the-market equity sales agreement allowing it to sell up to $250 million of common stock through a group of sales agents, and a forward sale option. Separately, its board authorized a share repurchase program of up to $250 million on September 25, 2025. Both programs add flexibility to raise or return capital, but the filing does not say how much stock has been sold or repurchased.
Equity sales agreement dated October 1, 2025 covers shares with an aggregate offering price of up to $250 million
Agents may charge commissions of up to 2.0% of gross sales price
Net proceeds are intended for general corporate purposes, including property acquisitions, working capital, capital expenditures and debt repayment
Board authorized a share repurchase program of up to $250 million on September 25, 2025
Curbline Properties signed amendments on September 26, 2025, to the employment agreements of its CFO, Chief Investment Officer and General Counsel. The changes align the maximum payout on their annual performance-based equity awards with the 250% of target cap that applies to the CEO. The filing describes a routine compensation adjustment with no change in officer roles.
Amendments dated September 26, 2025, cover CFO Conor M. Fennerty, CIO John Cattonar and General Counsel Lesley H. Solomon
Maximum earnable percentage on annual performance-based equity awards now matches the CEO's cap of 250% of target
Original employment agreements are dated September 1, 2024; amendments filed as Exhibits 10.1 to 10.3
Curbline Properties reported second quarter 2025 net income attributable to Curbline of $10.4 million, or $0.10 per diluted share, up from $6.2 million, or $0.06, a year earlier, and total revenues of $41.4 million, up from $28.2 million. The company lowered its 2025 net income per diluted share guidance to $0.37 to $0.44 from $0.43 to $0.50, while raising its Operating FFO guidance to $1.00 to $1.03 from $0.99 to $1.02, which shareholders may weigh against the higher quarterly earnings.
Operating FFO was $26.9 million, or $0.26 per diluted share, for the second quarter, compared with $19.8 million, or $0.19, a year earlier.
Same-property net operating income rose 6.2% for the three months ended June 30, 2025.
The company acquired 19 shopping centers in the second quarter for $154.9 million and 29 more for $260.4 million in the third quarter to date.
In July 2025 the company closed a $150.0 million term loan due January 2029; $150.0 million of private placement notes are expected to close in the third quarter.
Curbline Properties Corp. and its operating partnership entered a Term Loan Agreement with PNC Bank as administrative agent and fully borrowed $150.0 million. The loan can be increased to $250.0 million with lender commitments, and the company has fixed the all-in rate at 4.609% through a swap, which gives shareholders a set borrowing cost and funds for general purposes, including future acquisitions.
Term loan facility of $150.0 million, fully drawn at signing on July 15, 2025, with a possible increase to $250.0 million
Loans mature in January 2029, with two one-year extension options to January 2031
Forward swap fixes SOFR component at 3.659%, giving an all-in fixed rate of 4.609%
Proceeds intended for general corporate purposes, including funding future acquisitions
Curbline Properties Corp. and its operating partnership agreed to sell $150 million of unsecured senior notes in a private placement to institutional investors, with closing scheduled for September 3, 2025. The notes carry a weighted average coupon of 5.65%, and the proceeds are intended for general corporate purposes, including future acquisitions, which adds debt the company must repay and service.
$150 million total: $100 million of 5.58% notes due September 3, 2030 and $50 million of 5.87% notes due September 3, 2032
Interest rate lock gives a 5.79% effective rate on the 2032 notes and a 5.65% weighted average coupon
The Company guarantees the notes; closing is scheduled for September 3, 2025, subject to customary conditions
Covenants include maximum total, secured and unencumbered leverage ratios and minimum fixed charge and unsecured interest coverage ratios
Curbline Properties reported first-quarter 2025 net income attributable to the company of $10.6 million, or $0.10 per diluted share, up from $8.0 million, or $0.08, a year earlier. It raised its 2025 Operating FFO per-share guidance to $0.99 to $1.02 from $0.97 to $1.01, but lowered its 2025 net income per-share guidance to $0.43 to $0.50 from $0.48 to $0.56. Shareholders get higher reported earnings and a higher Operating FFO outlook, but a lower net income outlook.
Q1 2025 net income attributable to Curbline was $10.6 million, or $0.10 per diluted share, versus $8.0 million, or $0.08, in Q1 2024.
Q1 2025 Operating FFO was $25.1 million, or $0.24 per diluted share, versus $20.3 million, or $0.19, in Q1 2024.
2025 net income guidance was revised to $0.43 to $0.50 per diluted share from $0.48 to $0.56.
2025 Operating FFO guidance was raised to $0.99 to $1.02 per diluted share from $0.97 to $1.01.
Curbline Properties reported fourth quarter 2024 net income attributable to Curbline of $11.5 million, or $0.11 per diluted share, up from $7.6 million, or $0.07, a year earlier, and Operating FFO of $23.8 million, or $0.23 per diluted share, up from $17.9 million, or $0.17. The company also projected 2025 net income of $0.48 to $0.56 per diluted share and Operating FFO of $0.97 to $1.01 per diluted share, which shareholders can compare against future results.
Q4 2024 net income attributable to Curbline: $11.5 million ($0.11 per diluted share) vs. $7.6 million ($0.07) in Q4 2023
Q4 2024 Operating FFO: $23.8 million ($0.23 per diluted share) vs. $17.9 million ($0.17) in Q4 2023
Full-year 2024 net income attributable to Curbline was $10.3 million, down from $31.0 million in 2023, with $30.8 million of transaction costs cited in the income statement
2025 guidance: net income of $0.48 to $0.56 per diluted share; Operating FFO of $0.97 to $1.01 per diluted share
SITE Centers Corp. completed the spin-off of Curbline Properties Corp. on October 1, 2024, transferring a portfolio of convenience retail properties to Curbline and distributing its shares to SITE Centers shareholders. Curbline is now an independent company trading on the NYSE under the ticker CURB, and it plans to elect REIT tax status. The filing details the separation agreements, including a $800 million cash transfer and a 2.0% fee on Curbline's gross revenue for shared services.
SITE Centers shareholders of record on September 23, 2024 received two Curbline common shares for every one SITE Centers share held.
Separation terms include the transfer to Curbline of unrestricted cash of $800 million at completion.
SITE Centers will bear an estimated $34.4 million to complete redevelopment projects at Curbline properties, as of June 30, 2024.
Curbline's Operating Partnership will pay SITE Centers a fee of 2.0% of Curbline's gross revenue under the Shared Services Agreement.
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