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Dec 31, 2024
Curbline Properties Corp Q4 2024 Earnings Report
Reported a strong start in its inaugural quarter as an independent publicly traded company, closing on the acquisition of 20 convenience shopping centers and a $500 million credit facility.
Key Takeaways
Curbline Properties reported strong Q4 2024 results, marking its first quarter as an independent publicly traded company. The company acquired 20 convenience shopping centers for $206.1 million and secured a $500 million credit facility. Net income attributable to Curbline was $11.5 million, or $0.11 per diluted share, and Operating FFO was $23.8 million, or $0.23 per diluted share.
Completed spin-off from SITE Centers Corp. on October 1, 2024.
Net income attributable to Curbline was $11.5 million, or $0.11 per diluted share.
Operating FFO was $23.8 million, or $0.23 per diluted share.
Acquired 20 convenience shopping centers for $206.1 million.
Closed on a $500 million credit facility.
Curbline Properties Corp
Curbline Properties Corp
Forward Guidance
The Company estimates net income attributable to Curbline for 2025 to be from $0.48 to $0.56 per diluted share and Operating FFO to be from $0.97 to $1.01 per diluted share. The Company does not include a projection of gains or losses on asset sales, transaction costs or debt extinguishment costs in guidance.