Interactive Brokers shares jump as it secures spot in S&P 500
Investing.com - Curbline Properties Corp (NYSE:CURB), a $2.46 billion market cap REIT trading at $23.37, saw its stock rise after KeyBanc reiterated its Sector Weight rating on the convenience shopping center REIT following strong second-quarter results and raised guidance.
KeyBanc maintained its rating as Curbline reported better-than-expected second-quarter performance, with same-store net operating income growth of 6.2%, a significant improvement from 2.5% in the previous quarter. The company’s portfolio leased rate ticked up 10 basis points quarter-over-quarter to 96.1%. InvestingPro data shows impressive revenue growth of 31.9% over the last twelve months, with analysts expecting continued sales growth this year.
Curbline demonstrated robust leasing activity with 9.2% blended cash leasing spreads, including 10.6% new lease spreads and 8.3% renewal spreads. On a GAAP basis, combined leasing spreads were significantly higher at 23.9%.
The REIT completed $155 million of acquisitions during the quarter and an additional $260 million in July, which included a portfolio deal of approximately $160 million. Year-to-date investments now stand at $540 million, exceeding management’s $500 million target for the year.
Following the strong quarterly performance, Curbline raised its full-year guidance by 1% at the midpoint to a new range of $1.00-$1.03 per share. According to KeyBanc, the company remains in a net cash position with significant dry powder for future investments. The REIT currently offers a dividend yield of 2.74%, though InvestingPro analysis suggests the stock may be trading above its Fair Value. Get access to 8 more exclusive ProTips and comprehensive financial analysis with an InvestingPro subscription.
In other recent news, Curbline Properties Corp reported its Q2 2025 earnings, revealing substantial growth in leasing activities and a positive financial performance. The company posted earnings per share of $0.10 and generated revenue of $30.77 million. These results highlight the company’s strong performance in the recent quarter. The earnings announcement did not include any mergers or acquisitions. Analysts have not provided any recent upgrades or downgrades for Curbline Properties. There were no additional significant company news or developments reported. These updates provide investors with the latest insights into Curbline Properties’ financial health and business activities.
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