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Curbline Properties reports Q3 operating FFO 28c, consensus 26c

Reports Q3 revenue $48.65M, consensus $43.29M. “Curbline had a very strong Q3 with results ahead of expectations, over $330M of acquisitions, better-than-budgeted same-property NOI growth and elevated new leasing activity pushing the company’s leased rate close to 97%. Momentum has continued into Q4 highlighting the strength of the company’s simple and focused business plan,” commented CEO David Lukes. “Curbline remains uniquely positioned in the public real estate sector as it looks to scale the first public real estate company focused exclusively on convenience properties given its differentiated investment focus, the leasing economics of the company’s property type, and its balance sheet.”

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