Pulling SEC filings + quote and writing the call…

Curbline Properties Corp.
Next earnings Jul 27, 2026 · consensus $0.06 EPS, $60.3M rev
Last earnings +4.6% on 2026-04-28
Cleanly-financed convenience-center REIT with great optics, but headline growth is acquisition-driven and the multiple already pays for it.
Sources: SEC EDGAR (CIK 0002027317, latest 10-Q filed 2026-04-29) · EODHD · analysis by claude-code · as of 6/25/2026, 1:42:47 PM.
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Middling fundamentals and a rich price (~56% above fair value) leave little margin of safety — a wait-and-see.
Curbline is a freshly spun-off (October 1, 2024) pure-play convenience shopping-center REIT with a focused, durable concept: 176 small-format centers, 4.8M sq ft, 94.1% occupancy, 96.7% leased, and $34.52 ABR/sq ft on units that are mostly under 10,000 sq ft. The balance sheet is enviable for a REIT — only $423M of long-term debt against $1.91B of equity (0.29x L/E), $290M of cash, and a 5.0% weighted-average rate with 3.7 years to maturity — which is exactly the kind of dry powder you want for the roll-up strategy management is executing.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $73.1M | $93.7M | $121M | $183M |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | $25.7M | $31.0M | $10.3M | $39.9M |
| Diluted EPS | $0.25 | $0.30 | $0.09 | $0.37 |
| Net margin | 35.2% | 33.1% | 8.5% | 21.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Entered material definitive agreement—likely acquisition or financing arrangement.
Annual meeting vote results disclosed; routine governance event with no surprises.
Q1 2026 10-Q: acquisition cadence and rent growth continued on expanded portfolio.
Released Q1 2026 results press release; acquisition-driven top-line growth continued.
Proxy for 2026 annual meeting—director slate and exec comp, no major changes.
Other-event disclosure (likely dividend declaration or portfolio update).
FY2025 10-K: 176 centers, 94% occupied, rev $183M, NI $39.9M; acquisitions drove growth.
FY2025 earnings release: revenue +51%, net income +288%—strong post-spin-off debut.
1047 tracked peers · median
| 2026-06-25 | Fennerty Conor EVP, CFO & Treasurer | Award | 49.3K | |
| 2026-06-25 | Cattonar John M EVP & Chief Investment Officer | Award | 45.1K | |
| 2026-05-11 | Lukes David R President & CEO | Gift | 126K | |
| 2026-05-11 | Lukes David R President & CEO | Gift | 42.0K | |
| 2026-05-11 | Lukes David R President & CEO | Gift | 42.0K | |
| 2026-05-11 | Lukes David R President & CEO | Gift | 42.0K | |
| 2026-04-08 | Solomon Lesley H EVP & General Counsel | Tax | 408.00 @ $26.79 | $10.9K |
| 2026-03-16 | Lukes David R President & CEO | Sell | 83.7K @ $26.83 | $2.24M |
| 2026-03-13 | Lukes David R President & CEO | Sell | 39.7K @ $26.80 | $1.07M |
| 2026-02-28 | Lukes David R President & CEO | Tax | 77.8K @ $27.81 | $2.16M |
| 2026-02-28 | Fennerty Conor EVP, CFO & Treasurer | Tax | 19.6K @ $27.81 | $544K |
| 2026-02-28 | Cattonar John M EVP & Chief Investment Officer | Tax | 9.32K @ $27.81 | $259K |
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.