Curbline Properties Corp. · NYSE:CURB
Curbline Properties — Q1 2026 Earnings Presentation
14 slides from Curbline Properties's earnings presentation, Apr 28, 2026
Slide 1: Curbline Properties 1Q26 Earnings Conference Call
CURBLINE PROPERTIES 1Q26 EARNINGS CONFERENCE CALL APRIL 28, 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 10 GUIDANCE 11 APPENDIX 12 CURBLINE PROPERTIES 1Q26 EARNINGS CONFERENCE CALL 3
Slide 4: 1Q26 Results Key Takeaways
CURBLINE PROPERTIES: 1Q26 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 5M SF portfolio of convenience real estate concentrated in the top suburban U.S.
Slide 5: 1Q26 Results Summary
CURBLINE PROPERTIES: 1Q26 RESULTS SUMMARY $0.03 $0.28 E ARNINGS PER SHARE OFFO PER SHARE +4.8% +55.9% $142m 1Q26 SPNOI GROW TH 1Q26 STR AIGHT-LINE NEW LE ASE SPRE AD 1Q26 INVESTMENT VOLUME +17.8% 1Q26 BLENDED STRAIGHT-LINE LEASE SPREAD Note: As of March 31, 2026. CURBLINE PROPERTIES 1Q26 EARNINGS CO
Slide 6: 1Q26 Operations Overview
CURBLINE PROPERTIES: 1Q26 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 1 Q26 NE W A ND R ENE WA L AC T I V I T Y • Reported +55.9%
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 over $1.2B of acquisitions completed since spin-off on October 1, 2024 CURBLINE QUARTERLY ACQUISITION VOLUME $ 206m $124m $ 155m $ 336m $ 173m $142
Slide 8: 1Q26 and 2Q26 To Date Acquisitions
CURBLINE PROPERTIES: 1Q26 AND 2Q26 TO DATE ACQUISITIONS DATE PROPERTY MSA GLA (K) PRICE ($K) 01/22/26 Village at Research Park Charlotte-Concord-Gastonia, NC-SC 14 10,150 01/23/26 Shops at Dublin Commons Colorado Springs, CO 34 20,500 02/04/26 Canyon Springs Station Riverside-San Bernardino-Ontario,
Slide 9: Select 1Q26 Acquisitions
CURBLINE PROPERTIES: SELECT 1Q26 ACQUISITIONS SELECT TENANTS SELECT TENANTS 55k vpd 19k vpd CORNER AT ARAPAHOE PLAZA CORNER AT TOWNE LAKE msa: DENVER | ahhi: $170k msa: ATLANTA | ahhi: $132k SELECT TENANTS SELECT TENANTS 29k vpd 19k vpd SOUTHBROOK STATION AUGUSTA CROSSING msa: AUSTIN | ahhi: $146k m
Slide 10: Balance Sheet
CURBLINE PROPERTIES: BALANCE SHEET Balance sheet positioned to capitalize on growth opportunities and scale fragmented but liquid convenience market M AT UR I T Y S CHED UL E 2 • As of March 31, 20261, Curbline had $677M of cash $500 and capital commitments for future acquisitions including: • $306M
Slide 11: 2026 Guidance and Earnings Considerations
CURBLINE PROPERTIES: 2026 GUIDANCE AND EARNINGS CONSIDERATIONS 1Q26 Earnings Considerations • 1Q26 results include $1.8M of income (Other income (expense), net) and $1.8M of expenses (General and administrative) that are non-cash gross ups related to the shared service agreement. The net gross up re
Slide 12: Appendix
APPENDIX CURBLINE PROPERTIES 1Q26 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 Original Revised Actual Estimate Estimate 1Q26 FY 2026 FY 2026 1Q26 1Q25 Net