Curbline Properties Reports $9.3M Q3 Net Income With 96.7% Leasing Amid Portfolio Expansion

Curbline Properties Corp., a real estate investment trust specializing in convenience shopping centers in affluent suburban communities, reported a net income of $9.3 million for Q3 2025, a significant improvement from a loss in the previous year, driven by acquisitions and improved leasing activity. The company achieved a leased rate of 96.7%, same-property net operating income growth of 3.7%, and strong leasing spreads, indicating robust demand in its curated portfolio. In Q3 2025, Curbline acquired 37 centers for $336.1 million and strengthened its liquidity position with over $800 million available, including cash and credit facilities. Morgan Stanley upgraded Curbline's stock to Overweight, reflecting optimism about its growth prospects despite a high Price-to-Sales ratio of 17.8x, which is well above industry averages and suggests the stock is priced for strong future revenue growth. Analysts expect continued revenue growth in 2025 and 2026, with consensus earnings estimates indicating an Outperform rating, though some caution remains due to valuation and mixed earnings projections. Overall, Curbline's focused strategy on high-income suburban convenience properties and recent acquisitions have positioned it well for continued operational success and investor interest.