Curbline Properties Reports Strong First Year as Public Company

Highlights include substantial acquisition volume, leasing momentum, and a 2026 outlook centered on continued investment-driven growth.

Published on Feb. 9, 2026

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Curbline Properties (NYSE:CURB) used its fourth quarter 2025 earnings call to highlight what management described as a strong first year as a standalone public company, pointing to substantial acquisition volume, leasing momentum, and a 2026 outlook centered on continued investment-driven growth.

Why it matters

Curbline Properties' performance as a newly public company provides insight into the convenience retail real estate market, which has seen increased investor interest due to changing consumer behavior and a fragmented competitive landscape.

The details

During 2025, Curbline acquired nearly $800 million in assets, signed over 400,000 square feet of new leases and renewals, and reported more than 3% same-property NOI growth. Management cited the company's focus on acquiring top-tier convenience retail assets, alignment with consumer 'errand' behavior, and a balance sheet structured to scale as key drivers of this growth.

  • Curbline Properties completed its spin-off and became a standalone public company in 2025.
  • The company reported its fourth quarter and full-year 2025 earnings in February 2026.

The players

Curbline Properties

A real estate investment trust that owns and manages convenience shopping centers positioned on high-traffic intersections and corridors.

David Lukes

Chief Executive Officer of Curbline Properties.

Conor Fennerty

Chief Financial Officer of Curbline Properties.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.