Curbline Properties Beats Q4 Estimates, Reports Strong Revenue
NEW YORK, NY - Curbline Properties Corp. (CURB) reported positive financial results for the fourth quarter, exceeding Wall Street expectations.
Key Highlights:
* Funds from operations (FFO): $23.8 million (23 cents per share), surpassing analyst consensus of 22 cents.
* Net income: $11.5 million (11 cents per share).
* Revenue: $34.9 million, outperforming estimates of $30.3 million.
For the full year, the company achieved FFO of $83.5 million and revenue of $120.9 million. Curbline projects FFO for the current year to be between 97 cents and $1.01 per share.
The positive results reflect the company's focus on convenience store real estate investments. Curbline's strong performance in the fourth quarter and full year demonstrates its ability to generate consistent returns.