Curbline Properties Q3 FFO Matches Estimates at 32 Cents Per Share

NEW YORK — Curbline Properties Corp. (CURB) reported third-quarter funds from operations of $37.4 million, or 32 cents per share, meeting the average estimate of five analysts surveyed by Zacks Investment Research. The New York-based convenience store real estate investment trust posted net income of $7.4 million, or 6 cents per share. Revenue came in at $71.1 million, beating the $65.3 million expected by four analysts surveyed by Zacks. Funds from operations, a closely watched REIT profitability measure that adds back items such as depreciation and amortization to net income, matched Wall Street expectations for the period. Curbline guided full-year funds from operations to a range of $1.25 to $1.27 per share.