Curbline Properties Corp. · NYSE:CURB
Curbline Properties — Q4 2025 Earnings Presentation
14 slides from Curbline Properties's earnings presentation, Feb 9, 2026
Slide 1: Curbline Properties 4Q25 Earnings Conference Call
CURBLINE PROPERTIES 4Q25 EARNINGS CONFERENCE CALL FEBRUARY 9, 2026
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Curbline Properties Corp. considers portions of the information in this press release 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 Co
Slide 3: Table of Contents
CURBLINE PROPERTIES TABLE OF CONTENTS KEY TAKEAWAYS 4 RESULTS SUMMARY 5 OPERATIONS OVERVIEW 6 ACQUISITIONS 7 BALANCE SHEET 10 GUIDANCE 11 APPENDIX 12 CURBLINE PROPERTIES 4Q25 EARNINGS CONFERENCE CALL 3
Slide 4: 4Q25 Results Key Takeaways
CURBLINE PROPERTIES: 4Q25 RESULTS KEY TAKEAWAYS Curbline is a differentiated company focused exclusively on convenience properties located on the curbline in the wealthiest submarkets in the United States. The Company’s 4.8M SF portfolio of convenience real estate concentrated in the top suburban U.
Slide 5: 4Q25 Results Summary
CURBLINE PROPERTIES: 4Q25 RESULTS SUMMARY $0.09 $0.29 E ARNINGS PER SHARE OFFO PER SHARE +3.3% +26.2% $173m 2025 SPNOI GROW TH 4Q25 STR AIGHT-LINE NEW LE ASE SPRE AD 4Q25 INVESTMENT VOLUME +17.6% 4Q25 BLENDED STRAIGHT-LINE LEASE SPREAD Note: As of December 31, 2025. CURBLINE PROPERTIES 4Q25 EARNINGS
Slide 6: 4Q25 Operations Overview
CURBLINE PROPERTIES: 4Q25 OPERATIONS OVERVIEW Superior access, visibility, and standard unit sizes drive significant demand for convenience properties located in top suburban submarkets and attractive leasing returns S EL EC T 20 2 5 NE W A ND R ENE WA L AC T I V I T Y • Generated +35% straight-line
Slide 7: Scalable Opportunity Set
CURBLINE PROPERTIES: SCALABLE OPPORTUNITY SET Proven convenience investment opportunity set with six straight quarters of over $100M of acquisitions and $1B of acquisitions completed since spin-off on October 1, 2024 CURBLINE QUARTERLY ACQUISITION VOLUME $ 145m $ 206m $124m $ 155m $ 336m $ 173m 3 Q
Slide 8: 4Q25 and 1Q26 Acquisitions to Date
CURBLINE PROPERTIES: 4Q25 AND 1Q26 ACQUISITIONS TO DATE DATE PROPERTY MSA GLA (K) PRICE ($K) 10/08/25 Springs Ranch Center Colorado Springs, CO 44 14,500 10/21/25 French Creek Square Cleveland-Elyria, OH 37 14,472 10/30/25 Fairway Crossing Houston-The Woodlands-Sugar Land, TX 50 28,700 11/03/25 Gabl
Slide 9: Select 4Q25 Acquisitions
CURBLINE PROPERTIES: SELECT 4Q25 ACQUISITIONS KEY TENANTS KEY TENANTS 43k vpd 26k vpd CALIBER POINT ELMWOOD COMMONS msa: ATLANTA | ahhi: $130k msa: CHICAGO | ahhi: $108k KEY TENANTS KEY TENANTS 33k vpd 23k vpd SHOPS AT HIGHWAY 100 NORTH TOWER PAVILION msa: MILWAUKEE | ahhi: $94k msa: DENVER | ahhi:
Slide 10: Balance Sheet
CURBLINE PROPERTIES: BALANCE SHEET Balance sheet positioned to capitalize on growth opportunities and scale fragmented convenience market M AT UR I T Y S CHED UL E 2 • As of December 31, 20251, Curbline had $582M $500 of cash and capital commitments for future acquisitions including: • $290M of cash
Slide 11: 2026 Guidance and Earnings Considerations
CURBLINE PROPERTIES: 2026 GUIDANCE AND EARNINGS CONSIDERATIONS Curbline is positioned to generate significant earnings and cash flow growth on a relative and absolute basis as it scales in the fragmented but liquid convenience sector 4Q25 Earnings Considerations • Interest expense is expected to inc
Slide 12: Appendix
APPENDIX CURBLINE PROPERTIES 4Q25 EARNINGS CONFERENCE CALL 12
Slide 13: 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 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 Actual Estimate 4Q25 FY 2026 4Q25 4Q24 12M25 12M24 Net income attributable to