Curbline Properties Corp.
NYSE: CURB · REAL ESTATE · REIT - RETAIL
Updated 2026-06-05
Curbline Properties Corp. (CURB) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $52.32M | $73.14M | $93.66M | $120.88M | $182.89M |
| Revenue growth (YoY) | — | +39.8% | +28.1% | +29.1% | +51.3% |
| Cost of revenue | $10.78M | $15.38M | $21.91M | $27.60M | $45.95M |
| Gross profit | $41.54M | $57.76M | $71.75M | $93.28M | $136.95M |
| Gross margin | 79.4% | 79.0% | 76.6% | 77.2% | 74.9% |
| R&D | — | — | — | — | — |
| SG&A | $3.30M | $3.77M | $5.21M | $17.44M | $33.92M |
| Operating income | $23.24M | $27.36M | $34.54M | $33.93M | $30.62M |
| Operating margin | 44.4% | 37.4% | 36.9% | 28.1% | 16.7% |
| EBITDA | $38.23M | $53.98M | $64.53M | $53.09M | $124.74M |
| EBITDA margin | 73.1% | 73.8% | 68.9% | 43.9% | 68.2% |
| EBIT | $23.23M | $27.35M | $32.53M | $11.18M | $52.33M |
| Interest expense | $2.15M | $1.62M | $1.52M | $901000.00 | $12.14M |
| Income tax | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $20.66M | $25.73M | $31.01M | $10.26M | $39.83M |
| Net income growth (YoY) | — | +24.6% | +20.5% | -66.9% | +288.1% |
| Profit margin | 39.5% | 35.2% | 33.1% | 8.5% | 21.8% |
Frequently asked questions
What is Curbline Properties Corp.'s revenue?
Curbline Properties Corp.'s trailing twelve-month revenue is $202.19M, and consensus projects about $480.00M by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is CURB?
In its most recent fiscal year, CURB ran a gross margin of 74.88%, an operating margin of 16.74%, and a net margin of 21.78%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does CURB generate?
CURB produced $107.20M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is CURB's balance sheet healthy?
CURB holds $289.55M in cash and equivalents against $423.24M in long-term debt, on $1.91B of shareholder equity. That debt is best read against the cash flow the business throws off each year.