Curbline Properties Corp (CURB) financial statements: income statement, balance sheet and cash flow
Curbline Properties Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Curbline Properties Corp reported revenue of $182.9M (+51.3% year on year) and net income of $39.9M (+288.2% year on year).
Income statement
Curbline Properties Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Rental income
$182.0M
$120.0M
Fee and other income
$910.0K
—
Total revenue from operations
$182.9M
$120.9M
Operating and maintenance
$25.3M
$14.2M
Real estate taxes
$20.7M
$13.4M
General and administrative
$33.9M
$17.4M
Depreciation and amortization
$72.4M
$41.9M
Total rental operation expenses
$152.3M
$87.0M
Interest expense
($12.1M)
($901.0K)
Interest income
$18.6M
$7.8M
Other income (expense), net
$1.8M
($30.6M)
Gain on disposition of real estate, net
$1.4M
$0
Income before tax expense
$40.2M
$10.3M
Tax expense of taxable REIT subsidiaries and state franchise and income taxes
($307.0K)
($4.0K)
Net income
$39.9M
$10.3M
Income attributable to non-controlling interests
($52.0K)
($11.0K)
Net income attributable to Curbline
$39.8M
$10.3M
Basic
$0.37
$0.10
Diluted
$0.37
$0.09
Curbline Properties Corp income statement, quarters
Line item
Sep 30, 2026 · Q3
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Rental income
$70.9M
$63.1M
$57.7M
$48.5M
Other Income
$231.0K
$219.0K
$316.0K
$181.0K
Total revenue from operations
$71.1M
$63.3M
$58.0M
$48.6M
Operating and maintenance
$9.2M
$7.9M
$7.8M
$6.7M
Real estate taxes
$8.7M
$7.5M
$7.3M
$6.0M
General and administrative
$9.8M
$9.2M
$9.6M
$7.3M
Depreciation and amortization
$29.7M
$26.5M
$25.7M
$19.8M
Total rental operation expenses
$57.4M
$51.2M
$50.4M
$39.7M
Interest expense
($8.5M)
($8.4M)
($7.9M)
($4.0M)
Interest income
$749.0K
$1.5M
$2.9M
$4.1M
Other income (expense), net
$1.5M
$1.7M
$996.0K
$313.0K
Income before tax benefit (expense)
$7.4M
$7.0M
$3.6M
$9.4M
Tax benefit (expense) of taxable REIT subsidiaries and state franchise and income taxes
$3.0K
($65.0K)
($69.0K)
($44.0K)
Net income
$7.4M
$6.9M
$3.6M
$9.4M
Income attributable to non-controlling interests
($17.0K)
($15.0K)
($5.0K)
($12.0K)
Net income attributable to Curbline
$7.4M
$6.9M
$3.6M
$9.3M
Basic
$0.06
$0.06
$0.03
$0.09
Diluted
$0.06
$0.06
$0.03
$0.09
Balance sheet
Curbline Properties Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Land
$759.3M
$490.6M
Buildings
$1.3B
$841.9M
Fixtures and tenant improvements
$107.0M
$80.6M
Total real estate rental property
$2.2B
$1.4B
Less: Accumulated depreciation
($209.4M)
($165.3M)
Real estate rental property, net
$2.0B
$1.2B
Construction in progress and land
$27.4M
$14.5M
Total real estate assets, net
$2.0B
$1.3B
Cash and cash equivalents
$289.6M
$626.4M
Accounts receivable
$22.5M
$15.9M
Amounts receivable from SITE Centers
$21.5M
$33.8M
Intangible assets, net
$137.5M
$82.7M
Other assets
$10.3M
$12.2M
Total assets
$2.5B
$2.0B
Senior notes, net
$175.1M
—
Term loan, net
$248.2M
—
Revolving credit facility
$0
—
Total indebtedness
$423.2M
—
Below-market leases, net
$66.7M
$40.1M
Dividends payable
$20.9M
$26.7M
Accounts payable and other liabilities
$45.5M
$23.7M
Total liabilities
$556.3M
$90.5M
Preferred Stock, par value $0.01 per share; 100,000,000 authorized; 0 shares outstanding at December 31, 2025 and December 31, 2024
$0.00
$0.00
Common Stock, par value $0.01 per share; 400,000,000 shares authorized; 105,368,120 and 105,043,781 shares outstanding at December 31, 2025 and December 31, 2024, respectively
$1054000.00
$1050000.00
Additional paid-in-capital
$2.0B
$2.0B
Accumulated distributions in excess of net income
($46.1M)
($15.0M)
Accumulated other comprehensive (loss) income
($4.6M)
$1.2M
Total stockholders' equity
$1.9B
$1.9B
Non-controlling interests
$4.3M
$773.0K
Total equity
$1.9B
$1.9B
Total liabilities and equity
$2.5B
$2.0B
Curbline Properties Corp balance sheet, quarters
Line item
Sep 30, 2026
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Land
$1.0B
$919.7M
$802.1M
$711.6M
Buildings
$1.7B
$1.6B
$1.4B
$1.2B
Fixtures and tenant improvements
$131.1M
$123.2M
$112.0M
$99.4M
Total real estate rental property
$2.9B
$2.7B
$2.3B
$2.0B
Less: Accumulated depreciation
($255.9M)
($238.6M)
($223.1M)
($196.3M)
Real estate rental property, net
$2.6B
$2.4B
$2.1B
$1.8B
Construction in progress and land
$41.5M
$40.2M
$34.9M
$20.4M
Total real estate assets, net
$2.7B
$2.5B
$2.1B
$1.8B
Cash and cash equivalents
$122.8M
$154.7M
$305.8M
$430.1M
Accounts receivable, net
$26.7M
$26.8M
$24.2M
$21.1M
Amounts receivable from SITE Centers
$6.6M
$9.3M
$15.9M
$28.3M
Intangible assets, net
$178.5M
$169.2M
$140.0M
$129.4M
Other assets
$27.1M
$18.1M
$19.4M
$13.5M
Total assets
$3.0B
$2.8B
$2.6B
$2.4B
Senior notes, net
$347.4M
$347.3M
$347.2M
—
Term loans, net
$248.7M
$248.5M
$248.3M
—
Revolving credit facility
$0
$0
$0
—
Total indebtedness
$596.1M
$595.8M
$595.5M
—
Below-market leases, net
$84.4M
$78.9M
$67.7M
$59.8M
Dividends payable
$21.8M
$19.6M
$18.9M
$17.5M
Accounts payable and other liabilities
$57.6M
$54.4M
$39.7M
$48.0M
Total liabilities
$760.0M
$748.8M
$721.8M
$521.8M
Preferred Stock, par value $0.01 per share; 100,000,000 authorized; 0 shares outstanding at September 30, 2026 and December 31, 2025
$0.00
$0.00
$0.00
$0.00
Common Stock, par value $0.01 per share; 400,000,000 shares authorized; 121,302,763 and 105,368,120 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively
$1213000.00
$1140000.00
$1055000.00
$1052000.00
Additional paid-in-capital
$2.3B
$2.2B
$2.0B
$2.0B
Accumulated distributions in excess of net income
($85.2M)
($72.1M)
($60.5M)
($35.5M)
Accumulated other comprehensive income (loss)
$7.8M
$135.0K
($2.8M)
($3.6M)
Total stockholders' equity
$2.3B
$2.1B
$1.9B
$1.9B
Non-controlling interests
$7.3M
$6.2M
$5.1M
$3.5M
Total equity
$2.3B
$2.1B
$1.9B
$1.9B
Total liabilities and equity
$3.0B
$2.8B
$2.6B
$2.4B
Cash flow statement
Curbline Properties Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Net income
$39.9M
$10.3M
Depreciation and amortization
$72.4M
$41.9M
Amortization and write-off of debt issuance costs
$1.6M
$346.0K
Stock -based compensation
$12.9M
$3.8M
Gain on disposition of real estate
($1.4M)
$0
Assumption of buildings due to ground lease terminations
($2.0M)
($2.7M)
Net change in accounts receivable
($5.5M)
($859.0K)
Net change in accounts payable and accrued expenses
$2.5M
$6.2M
Net change in other operating assets and liabilities
$4.1M
($4.7M)
Total adjustments
$84.7M
$44.0M
Net cash flow provided by operating activities
$124.6M
$54.3M
Real estate acquired, net of liabilities and cash assumed
($785.3M)
($418.7M)
Deposits for future acquisitions
($2.4M)
($913.0K)
Real estate improvements to operating real estate
($17.4M)
($17.8M)
Proceeds from disposition of real estate
$1.8M
$0
Net cash flow used for investing activities
($803.2M)
($437.4M)
Proceeds from term loan
$250.0M
—
Proceeds from unsecured notes
$178.0M
—
Repayment of mortgage debt
$0
($25.7M)
Payment of debt issuance costs
($4.3M)
($5.0M)
Common stock offering expenses
($1.4M)
—
Taxes withheld for vested restricted stock
($3.1M)
—
Transactions with Parent
$0
$1.0B
Dividends paid
($77.4M)
—
Net cash flow provided by financing activities
$341.8M
$1.0B
Net (decrease) increase in cash, cash equivalents and restricted cash
($336.9M)
$625.7M
Cash, cash equivalents and restricted cash, beginning of period
$626.4M
$721.0K
Cash, cash equivalents and restricted cash, end of period