Curbline Properties Corp. · NYSE:CURB
Curbline Properties — Q3 2025 Earnings Presentation
14 slides from Curbline Properties's earnings presentation, Oct 28, 2025
Slide 1: Curbline Properties 3Q25 Earnings Conference Call
CURBLINE PROPERTIES 3Q25 EARNINGS CONFERENCE CALL OCTOBER 28, 2025
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 3Q25 EARNINGS CONFERENCE CALL 3
Slide 4: 3Q25 Results Key Takeaways
CURBLINE PROPERTIES: 3Q25 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 4.5M SF portfolio of convenience real estate concentrated in the top suburban U.
Slide 5: 3Q25 Results Summary
CURBLINE PROPERTIES: 3Q25 RESULTS SUMMARY $0.09 $0.28 E ARNINGS PER SHARE OFFO PER SHARE +3.7% +39.7% $336m Y TD SPNOI GROW TH 3Q25 STR AIGHT-LINE NEW LE ASE SPRE AD 3Q25 INVESTMENT VOLUME +27.4% 3Q25 BLENDED STRAIGHT-LINE LEASE SPREAD Note: As of September 30, 2025. CURBLINE PROPERTIES 3Q25 EARNING
Slide 6: 3Q25 Operations Overview
CURBLINE PROPERTIES: 3Q25 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 NE W A ND R ENE WA L AC T I V I T Y • Generated +40% straight-line new le
Slide 7: Scalable Opportunity Set
CURBLINE PROPERTIES: SCALABLE OPPORTUNITY SET Proven convenience investment opportunity set with five straight quarters of over $100M of acquisitions and $967M of acquisitions completed since July 1, 2024 CURBLINE QUARTERLY ACQUISITION VOLUME $ 145m $ 206m $124m $155m $336m 3 Q 24 4 Q24 1Q25 2Q2 5 3
Slide 8: 3Q25 and 4Q25 Acquisitions to Date
CURBLINE PROPERTIES: 3Q25 AND 4Q25 ACQUISITIONS TO DATE DATE PROPERTY MSA GLA (K) PRICE ($K) 07/07/25 Avalon Crossing San Francisco-Oakland-Hayward, CA 12 9,280 07/21/25 Ellingson Crossing Seattle-Tacoma-Bellevue, WA 15 8,000 07/24/25 The Monterey Las Vegas-Henderson-Paradise, NV 42 22,000 07/24/25
Slide 9: Select 3Q25 Acquisitions
CURBLINE PROPERTIES: SELECT 3Q25 ACQUISITIONS 25k vpd 55k vpd ROUNDLAKE PLAZA PEBBLEWOOD COMMONS msa: TAMPA | ahhi: $121k msa: CHICAGO | ahhi: $147k 47k vpd 57k vpd AVALON CROSSING COLLEGE PARK CORNER msa: SAN FRANCISCO | ahhi: $178k msa: INDIANAPOLIS | ahhi: $122k CURBLINE PROPERTIES 3Q25 EARNINGS
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 1,200 • As of September 30, 2025, Curbline had over $800M of liquidity and capital commitments 1,000 consisting of $430M of cash and $40
Slide 11: 2025 Guidance and Earnings Considerations
CURBLINE PROPERTIES: 2025 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 3Q25 Earnings Considerations • Results include $731K of income (Ot
Slide 12: Appendix
APPENDIX CURBLINE PROPERTIES 3Q25 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 (LOSS) ATTRIBUTABLE TO CURBLINE TO SAME-PROPERTY NOI PER SHARE DILUTED SAME-PROPERTY NOI Prior Revised Actual Estimate Estimate 3Q25 FY 2025 FY 2025 3Q25 2Q24