CURB on NYSE
Curbline Properties Corp.
American real estate company, incorporated in Maryland, listed on NYSE (CURB).
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Claros Mortgage Trust, Inc., AH Realty Trust, Inc. or GETTY REALTY CORP /MD/, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs71¢$130.6M
- Interest7¢$12.1M
- Income tax0¢$307.0K
- Profit22¢$39.9M
Out of $182.9M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Dividends paid62¢$77.4M
- Kept or used elsewhere38¢$47.2M
Out of $124.6M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental income | $182.0M | $120.0M | $93.0M |
| Fee and other income | $910.0K | $853.0K | $656.0K |
| Total revenue from operations | $182.9M | $120.9M | $93.7M |
| Operating and maintenance | $25.3M | $14.2M | $10.7M |
| Real estate taxes | $20.7M | $13.4M | $11.3M |
| General and administrative | $33.9M | $17.4M | $5.2M |
| Depreciation and amortization | $72.4M | $41.9M | $32.0M |
| Total rental operation expenses | $152.3M | $87.0M | $59.1M |
| Interest expense | -$12.1M | -$901.0K | -$1.5M |
| Interest income | $18.6M | $7.8M | $0 |
| Other income (expense), net | $1.8M | -$30.6M | -$2.4M |
| Gain on disposition of real estate, net | $1.4M | $0 | $371.0K |
| Income before tax expense | $40.2M | $10.3M | $31.0M |
| Tax expense of taxable REIT subsidiaries and state franchise and income taxes | -$307.0K | -$4.0K | $0 |
| Net income | $39.9M | $10.3M | $31.0M |
| Income attributable to non-controlling interests | -$52.0K | -$11.0K | $0 |
| Net income attributable to Curbline | $39.8M | $10.3M | $31.0M |
| Basic | $0.37 | $0.10 | $0.30 |
| Diluted | $0.37 | $0.09 | $0.30 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| 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 | $0 | ||
| Term loan, net | $248.2M | $0 | ||
| Revolving credit facility | $0 | $0 | ||
| Total indebtedness | $423.2M | $0 | ||
| 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 | $0 | ||
| 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 | $1.1M | $1.1M | ||
| 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 | $862.6M | $691.8M |
| Total liabilities and equity | $2.5B | $2.0B | ||
| Preferred shares, par value | $0.01 | $0.01 | ||
| Preferred shares, shares authorized | 100.0M shares | 100.0M shares | ||
| Preferred shares, shares outstanding | 0 shares | 0 shares | ||
| Common shares, par value | $0.01 | $0.01 | ||
| Common shares, shares authorized | 400.0M shares | 400.0M shares | ||
| Common shares, shares issued | 105.4M shares | 105.0M shares | ||
| Common shares, shares outstanding | 105.4M shares | 105.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| 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 | $0 | ||
| Term loan, net | $248.2M | $0 | ||
| Revolving credit facility | $0 | $0 | ||
| Total indebtedness | $423.2M | $0 | ||
| 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 | $0 | ||
| 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 | $1.1M | $1.1M | ||
| 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 | $862.6M | $691.8M |
| Total liabilities and equity | $2.5B | $2.0B | ||
| Preferred shares, par value | $0.01 | $0.01 | ||
| Preferred shares, shares authorized | 100.0M shares | 100.0M shares | ||
| Preferred shares, shares outstanding | 0 shares | 0 shares | ||
| Common shares, par value | $0.01 | $0.01 | ||
| Common shares, shares authorized | 400.0M shares | 400.0M shares | ||
| Common shares, shares issued | 105.4M shares | 105.0M shares | ||
| Common shares, shares outstanding | 105.4M shares | 105.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $39.9M | $10.3M | $31.0M |
| Depreciation and amortization | $72.4M | $41.9M | $32.0M |
| Amortization and write-off of debt issuance costs | $1.6M | $346.0K | $161.0K |
| Stock -based compensation | $12.9M | $3.8M | $0 |
| Gain on disposition of real estate | -$1.4M | $0 | -$371.0K |
| Assumption of buildings due to ground lease terminations | -$2.0M | -$2.7M | $0 |
| Net change in accounts receivable | -$5.5M | -$859.0K | -$2.7M |
| Net change in accounts payable and accrued expenses | $2.5M | $6.2M | -$753.0K |
| Net change in other operating assets and liabilities | $4.1M | -$4.7M | -$135.0K |
| Total adjustments | $84.7M | $44.0M | $28.2M |
| Net cash flow provided by operating activities | $124.6M | $54.3M | $59.2M |
| Real estate acquired, net of liabilities and cash assumed | -$785.3M | -$418.7M | -$163.4M |
| Deposits for future acquisitions | -$2.4M | -$913.0K | $0 |
| Real estate improvements to operating real estate | -$17.4M | -$17.8M | -$23.2M |
| Proceeds from disposition of real estate | $1.8M | $0 | $563.0K |
| Net cash flow used for investing activities | -$803.2M | -$437.4M | -$186.0M |
| Proceeds from term loan | $250.0M | $0 | $0 |
| Proceeds from unsecured notes | $178.0M | $0 | $0 |
| Repayment of mortgage debt | $0 | -$25.7M | -$12.9M |
| Payment of debt issuance costs | -$4.3M | -$5.0M | $0 |
| Common stock offering expenses | -$1.4M | $0 | $0 |
| Taxes withheld for vested restricted stock | -$3.1M | -$23.0K | $0 |
| Transactions with Parent | $0 | $1.0B | $139.8M |
| Dividends paid | -$77.4M | $0 | $0 |
| Net cash flow provided by financing activities | $341.8M | $1.0B | $126.9M |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -$336.9M | $625.7M | $131.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Curbline Properties Corp., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
2025
- Chief executive officerDavid R. Lukes Sep 23, 2024 to now8
- PresidentDavid R. Lukes Sep 23, 2024 to now8
- Chief financial officerConor Fennerty Sep 23, 2024 to now9
Board members and other officers (11)
- SVP & Chief Accounting OfficerChristina M. Yarian Sep 23, 2024 to now10
- EVP & Chief Investment OfficerJohn M. Cattonar Sep 23, 2024 to now11
- Board memberConor Fennerty Sep 23, 2024 to Sep 23, 20249
- Board memberDavid R. Lukes Sep 23, 2024 to now8
- Board memberLesley H. Solomon Sep 23, 2024 to Sep 23, 202412
- Board memberJane E. Deflorio Sep 25, 2024 to Oct 17, 202413
- Board memberBarry A. Sholem Oct 3, 2024 to Oct 17, 202414
- Board memberLinda B. Abraham Oct 3, 2024 to Oct 17, 202415
- Board memberTerrance R. Ahern Oct 3, 2024 to Oct 17, 202416
- Board memberVictor B. Macfarlane Oct 3, 2024 to Oct 17, 202417
- General counselLesley H. Solomon Sep 23, 2024 to now12
Timeline
- Sep 23, 2024New chief executive David R. Lukes becomes CEO8
Filings
139 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 22 major events, 65 insider forms, 18 large holders, 26 other. The latest 20:
- Sep 16, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 14, 20264 EDGAR
- Sep 10, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 1, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 20, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20268-K EDGAR
- Aug 14, 2026SCHEDULE 13D/A EDGAR
- Aug 14, 20264 EDGAR
- Aug 10, 20264 EDGAR
- Aug 6, 20264 EDGAR
- Aug 4, 2026144 EDGAR
- Jul 31, 20264 EDGAR
- Jul 30, 2026SCHEDULE 13G/A EDGAR
- Jul 30, 2026144 EDGAR
- Jul 29, 202610-Q EDGAR
The 139 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 18 such filings since October 2021, the latest 10:
- Aug 14, 2026SCHEDULE 13D/A
- Jul 30, 2026SCHEDULE 13G/A
- May 6, 2026SCHEDULE 13G/A
- Apr 29, 2026SCHEDULE 13G
- Mar 26, 2026SCHEDULE 13G/A
- Feb 17, 2026SCHEDULE 13G/A
- Feb 5, 2026SCHEDULE 13G/A
- Aug 6, 2025SCHEDULE 13G/A
- Jul 8, 2025SCHEDULE 13G/A
- May 14, 2025SCHEDULE 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 17,478,234 | $531.3M | 0.0% | +656,839 |
| Vanguard Portfolio Management LLC | 9,388,833 | $285.4M | 0.0% | +115,394 |
| State Street Corp | 5,549,842 | $169.6M | 0.0% | +116,088 |
| Principal Financial Group Inc | 5,144,690 | $156.4M | 0.1% | −31,325 |
| Vanguard Capital Management LLC | 4,303,420 | $130.8M | 0.0% | +41,056 |
| Prudential Financial Inc | 4,111,760 | $125.0M | 0.1% | −10,337 |
| Fmr LLC | 3,749,290 | $114.0M | 0.0% | −524,226 |
| Goldman Sachs Group Inc | 3,709,673 | $112.8M | 0.0% | +2,622,255 |
| Alyeska Investment Group, L.P. | 3,457,221 | $105.1M | 0.3% | +1,155,731 |
| Daiwa Securities Group Inc. | 3,296,366 | $100.2M | 0.2% | −98,031 |
| Geode Capital Management, LLC | 2,741,740 | $83.4M | 0.0% | +153,248 |
| Morgan Stanley | 2,705,757 | $82.3M | 0.0% | +937,042 |
| Millennium Management LLC | 2,534,262 | $77.0M | 0.1% | +181,520 |
| GRS Advisors, LLC | 2,414,069 | $73.4M | 6.2% | +775,837 |
| Westwood Holdings Group Inc | 2,226,686 | $67.7M | 0.5% | +889,285 |
| Nuveen, LLC | 2,214,635 | $67.3M | 0.0% | +571,730 |
| Deutsche Bank Ag\ | 2,044,247 | $62.1M | 0.0% | +1,246,354 |
| Wellington Management Group Llp | 1,987,340 | $60.4M | 0.0% | +1,153,326 |
| Aew Capital Management L P | 1,913,410 | $58.2M | 3.5% | +141,586 |
| Charles Schwab Investment Management Inc | 1,652,171 | $50.2M | 0.0% | +95,694 |
| Jupiter Topco LLC | 1,543,939 | $47.0M | 0.0% | New |
| Dimensional Fund Advisors LP | 1,422,195 | $43.2M | 0.0% | −21,297 |
| Teacher Retirement System Of Texas | 1,343,529 | $40.8M | 0.1% | +199,215 |
| Northern Trust Corp | 1,257,241 | $38.2M | 0.0% | +174,942 |
| Heitman Real Estate Securities LLC | 1,208,438 | $36.7M | 2.4% | +547,151 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12SEC EDGARLesley H. Solomon, Board member
- 13SEC EDGARJane E. Deflorio, Board member
- 14SEC EDGARBarry A. Sholem, Board member
- 15SEC EDGARLinda B. Abraham, Board member
- 16SEC EDGARTerrance R. Ahern, Board member
- 17SEC EDGARVictor B. Macfarlane, Board member