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Curbline Properties (CURB) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 22, 2026 · Curbline Properties (CURB) Q3 2026 earnings results →

Q3 2026 Revenue up 46% year over year to $71.1M · 10¢ of every $1 of revenue kept as net profit · operating margin 10.5%

Curbline Properties made $71.1M in Q3 2026 (+46% Y/Y). Operating margin 10.5%, net earnings $7.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 22, 2026.

Revenue$71.1M
Year over year+46%
Operating margin10.5%
Net earnings$7.4M
Operating cash flow$41.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $71.1M in Q3 2026, up 46% year over year and up 12% from the previous quarter.

Operating profit was $7.4M, a 10.5% margin (down 8.9 points year over year). Operating profit fell $2.0M even though revenue rose $22.5M versus Q3 2025, so costs grew faster than sales. Total costs grew 62% against revenue growth of 46%. The fastest-growing cost line was Other operating costs (+68%). Net earnings were $7.4M, down 20% year over year. The effective tax rate was 0.0%.

Operating cash flow was $41.6M (up 6% year over year), 560% of net earnings. Non-cash charges added back $29.7M of depreciation and amortization and $3.0M of share-based compensation. Capital expenditures of $4.9M left free cash flow of $36.8M.

Quarterly history

Curbline Properties revenue by quarterCurbline Properties revenue by quarter$38.7MQ1 2025$41.4MQ2 2025$48.6MQ3 2025$54.1MQ4 2025$58.0MQ1 2026$63.3MQ2 2026$71.1MQ3 2026
Curbline Properties net earnings by quarterCurbline Properties net earnings by quarter$10.6MQ1 2025$10.4MQ2 2025$9.4MQ3 2025$9.6MQ4 2025$3.6MQ1 2026$6.9MQ2 2026$7.4MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 22, 2026$71.1M+46%10.5%$7.4M$41.6M
Q2 202610-QJul 29, 2026$63.3M+53%11.0%$6.9M$47.2M
Q1 202610-QApr 29, 2026$58.0M+50%6.3%$3.6M$21.4M
Q4 202510-KFeb 10, 2026$54.1M+55%17.8%$9.6M$25.9M
Q3 202510-QOct 29, 2025$48.6M+64%19.3%$9.4M$39.2M
Q2 202510-QJul 29, 2025$41.4M+47%25.3%$10.4M$34.2M
Q1 202510-QApr 25, 2025$38.7M+38%27.6%$10.6M$25.4M

Charts

Curbline Properties: revenue growth, year over year and quarter over quarterCurbline Properties: revenue growth, year over year and quarter over quarterY/YQ/Q+38%Q1 2025+47%+7%Q2 2025+64%+17%Q3 2025+55%+11%Q4 2025+50%+7%Q1 2026+53%+9%Q2 2026+46%+12%Q3 2026
Latest (Q3 2026): Y/Y +46%, Q/Q +12%.
Curbline Properties: where the cash came from (+) and went (−), TTM to Q3 2026Curbline Properties: where the cash came from (+) and went (−), TTM to Q3 2026Real estate bought−$917MOther financing$576MCash drawn (+) / kept (−)$307MOperating cash flow$136MDividends−$73.7MCapital spending−$25.3MOther investing−$3.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Curbline Properties: profit against cash, quarter by quarterCurbline Properties: profit against cash, quarter by quarterNet incomeOperating cash flow$11.5M$29.0MQ4 2024$10.6M$25.4MQ1 2025$10.4M$34.2MQ2 2025$9.4M$39.2MQ3 2025$9.6M$25.9MQ4 2025$3.6M$21.4MQ1 2026$6.9M$47.2MQ2 2026$7.4M$41.6MQ3 2026
Latest (Q3 2026): Net income $7.4M, Operating cash flow $41.6M.
Curbline Properties: diluted shares by fiscal yearCurbline Properties: diluted shares by fiscal year105MFY2022105MFY2023105MFY2024105MFY2025
+0.4% since FY2022: more shares outstanding (issuance, stock pay).
Curbline Properties: long-term debt falling due (FY2025)Curbline Properties: long-term debt falling due (FY2025)$100M2027$150M2029$100M2030$78.0MLater
Cash $290M, short-term investments —, long-term debt $423M at 2025-12-31.
Curbline Properties in its industry: growth against margin (35 companies, SIC 6500)Curbline Properties in its industry: growth against margin (35 companies, SIC 6500)revenue growth, year over year →↑ operating marginmedian +8%median 10%CBRECWKPrologis, L.P.Digital Realty Trust, L.P.FORRegency Centers LPTiaa Real Estate AccountMRPHPPHudson Pacific Properties, L.P.TRNOUEUrban Edge Properties LPEFCOPIIIPRGTYAHRTCMTGTRCCHCIFPHFRPHSKYHSealy Industrial Partners IV, LPBEEPOZCWDMLPSRG-PARWDMUAIREAEIAOXYCURB (+46%, 10%)
Real Estate; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Curbline Properties

Curbline Properties is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. The Company is a self-managed real estate investment trust (“REIT”) that is publicly traded under the ticker symbol “CURB” on the NYSE. Additional information about the Company is available at curbline.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.

In its own words, from its 8-K, filed Jul 28, 2026.

Curbline Properties against its Real Estate peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +46% against the peers' median +8%. Operating margin: 10.5% against the peers' median 15.9%.

CompanyQuarterRevenueY/YOp. margin
CURB Curbline PropertiesQ3 2026$71.1M+46%10.5%
CBRE CBRE GroupQ3 2026$11.5B+13%4.9%
CWK Cushman & WakefieldQ3 2026$2.8B+8%4.6%
Prologis, L.P.Q3 2026$2.4B+8%43.8%
Digital Realty Trust, L.P.Q3 2026$1.9B+21%15.9%
FOR Forestar GroupQ4 FY26$581M-13%13.5%
Regency Centers LPQ3 2026$419M+8%72.3%
Tiaa Real Estate AccountQ3 2026$303M-0.8%298.8%
MRP Millrose PropertiesQ3 2026$211M+18%85.5%

Source: Curbline Properties 10-Q on SEC EDGAR · CIK 2027317 · Real Estate

Guidance and outlook

Curbline Properties: what its forward-looking statements are about (10-Q filed 2026-07-29)Curbline Properties: what its forward-looking statements are about (10-Q filed 2026-07-29)Costs6Demand3Other2Financing2Legal & regulation1
14 statements; tone +0.00 (−1 all cautious, +1 all confident); 4 hedged.
Curbline Properties: outlook statements against the filing beforeCurbline Properties: outlook statements against the filing beforeConfident1Cautious1

13F: who owns CURB and who is buying

Largest holders of CURB (13F)Largest holders of CURB (13F)BlackRock$531MT. Rowe Price Investment Manageme…$405MVanguard Group$329MVanguard Portfolio Management LLC$285MState Street$170MPrincipal Financial Group$156MVanguard Capital Management LLC$131MPrudential Financial$125MFMR LLC$114MGoldman Sachs Group$113M
Funds' net buying of CURB by quarter (13F)Funds' net buying of CURB by quarter (13F)$19.4M2024-09$600M2024-12$13.5M2025-03$77.4M2025-06$72.2M2025-09$85.5M2025-12$206M2026-03$453M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CURB

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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