Curbline Properties Corp. · NYSE:CURB
Curbline Properties — Q3 2026 Earnings Presentation
15 slides from Curbline Properties's earnings presentation, Oct 22, 2026
Slide 1: 3Q26 Earnings Conference Call
CURBLINE PROPERTIES 3Q26 EARNINGS CONFERENCE CALL OCTOBER 22, 2026
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Curbline Properties Corp. considers portions of the information in this presentation to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Com
Slide 3: Table of Contents
CURBLINE PROPERTIES TABLE OF CONTENTS KEY TAKEAWAYS 4 RESULTS SUMMARY 5 OPERATIONS OVERVIEW 6 ACQUISITIONS 7 BALANCE SHEET 9 GUIDANCE 10 APPENDIX 11 CURBLINE PROPERTIES 3Q26 EARNINGS CONFERENCE CALL 3
Slide 4: 3Q26 Results Key Takeaways
CURBLINE PROPERTIES: 3Q26 RESULTS KEY TAKEAWAYS Curbline is a differentiated real estate company focused exclusively on convenience properties located on the curbline within the wealthiest suburban submarkets in the United States. The Company's 6 million square foot portfolio has been intentionally
Slide 5: 3Q26 Results Summary
CURBLINE PROPERTIES: 3Q26 RESULTS SUMMARY $0.06 $0.32 E ARNINGS PER SHARE OFFO PER SHARE +3.4% +41.2% $234m 3Q26 SPNOI GROW TH 3Q26 STR AIGHT-LINE NEW LE ASE SPRE AD 3Q26 INVESTMENT VOLUME +17.9% 3Q26 BLENDED STRAIGHT-LINE LEASE SPREAD Note: As of September 30, 2026. CURBLINE PROPERTIES 3Q26 EARNING
Slide 6: 3Q26 Operations Overview
CURBLINE PROPERTIES: 3Q26 OPERATIONS OVERVIEW Convenience real estate offers superior access and visibility, along with standardized unit sizes increasing the number of potential tenants and leading to attractive leasing economics S EL EC T 2026 NE W A ND R ENE WA L AC T I V I T Y • 96.4% leased rat
Slide 7: Scalable Opportunity Set
CURBLINE PROPERTIES: SCALABLE OPPORTUNITY SET Proven convenience investment opportunity set with eight straight quarters of over $120M of acquisitions and over $1.7B of acquisitions completed since spin-off on October 1, 2024 CURBLINE QUARTERLY ACQUISITION VOLUME $206m $124m $155m $ 336m $173m $ 142
Slide 8: Select 3Q26 Acquisitions
CURBLINE PROPERTIES: SELECT 3Q26 ACQUISITIONS SELECT TENANTS SELECT TENANTS 20k vpd 34k vpd PLAZA AT 66TH STREET SHOPS AT THE GROVE – PHASE II msa: MINNEAPOLIS | ahhi: $141k msa: ORLANDO | ahhi: $165k SELECT TENANTS SELECT TENANTS 36k vpd ® 66k vpd CANDLEWOOD SHOPS PLAINVILLE POINT msa: LOS ANGELES
Slide 9: Balance Sheet
CURBLINE PROPERTIES: BALANCE SHEET Balance sheet positioned to capitalize on growth opportunities and scale fragmented but liquid convenience market D EBT M AT UR I T Y S CHED UL E 2 • As of September 30, 20261, Curbline had $735M of $500 cash and capital commitments including: • $123M of cash $400
Slide 10: 2026 Guidance and Earnings Considerations
CURBLINE PROPERTIES: 2026 GUIDANCE AND EARNINGS CONSIDERATIONS 3Q26 Earnings Considerations • 3Q26 results include $1.8M of income (Other income (expense), net) and 3Q26 SHARES OUTSTANDING DETAIL $1.8M of expenses (General and administrative) that are non-cash gross 3Q26 Weighted Average Shares & Un
Slide 11: Appendix
APPENDIX CURBLINE PROPERTIES 3Q26 EARNINGS CONFERENCE CALL 11
Slide 12: Non-GAAP Financial Measures and Other Operational Metrics - Definitions
CURBLINE PROPERTIES: NON-GAAP FINANCIAL MEASURES AND OTHER OPERATIONAL METRICS - DEFINITIONS FFO and Operating FFO Funds from Operations (“FFO”) is a supplemental non-GAAP financial measure used as a standard in the real estate industry and is a widely accepted measure of real estate investment trus
Slide 13: Non-GAAP Financial Measures and Other Operational Metrics - Definitions - Continued
CURBLINE PROPERTIES: NON-GAAP FINANCIAL MEASURES AND OTHER OPERATIONAL METRICS - DEFINITIONS - CONTINUED Cash and Straight-Lined Lease Spreads The Company calculates Cash Leasing Spreads by comparing the prior tenant's annual base rent in the final year of the prior lease to the executed tenant’s an
Slide 14: Reconciliations
CURBLINE PROPERTIES: RECONCILIATIONS RECONCILIATION: RECONCILIATION: NET INCOME ATTRIBUTABLE TO CURBLINE TO FFO AND OPERATING FFO NET INCOME ATTRIBUTABLE TO CURBLINE TO SAME-PROPERTY NOI PER SHARE DILUTED SAME-PROPERTY NOI Prior Revised Actual Estimate Estimate 3Q26 FY 2026 FY 2026 3Q26 3Q25 Net inc
Slide 15: Reconciliations Continued
CURBLINE PROPERTIES: RECONCILIATIONS CONTINUED RECONCILIATION: NET DEBT TO ADJUSTED EBITDA 3Q26 Net income attributable to Curbline $7,426 Interest expense 8,534 Tax benefit (3) Depreciation and amortization 29,742 Adjustments for non-controlling interests 88 EBITDA - current quarter 45,787 Other ex