Curbline Properties (CURB) Q1 FY2025 earnings: revenue $39 million, up 38.0% on the year

Curbline Properties Corp. (CURB) reported revenue of $39 million for Q1 FY2025, the quarter ended 31 March 2025, up 38.0% on the same quarter a year earlier. Net income was $11 million, up 32.4% on the year, and diluted earnings per share $0.10. The figures are the company's own, from the 10-Q it filed with the SEC on 25 April 2025.

Revenue$39 millionup 38.0%

Net income$11 millionup 32.4%

Diluted EPS$0.10

QuarterQ1 FY2025ended 31 March 2025

The quarter, against the one before and a year earlier

Line	Q1 FY2025	Q4 FY2024	Q1 FY2024	Change on the year
Revenue	38.7	34.9	28.0	+38.0%
Operating income	5.1	3.8	n/a	n/a
Operating margin	13.1%	11.0%	n/a
Interest expense	0.6	0.5	0.2	+126.8%
Pre-tax income	10.7	11.5	8.0	+33.8%
Income tax	0.1	0.0	0.0	n/a
Effective tax rate	1.0%	0.0%	0.0%
Net income	10.6	11.5	8.0	+32.4%
Net margin	27.3%	32.8%	28.4%
Diluted EPS	$0.10	$0.11	$0.08	+25.0%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2025	Q4 FY2024	Q1 FY2024	Change on the year
Operating cash flow	25.4	29.0	15.5	+64.1%
Capital expenditure	1.8	n/a	4.7	-60.8%
Free cash flow	23.5	n/a	10.8	+118.4%
Free cash flow margin	60.8%	n/a	38.4%
Cash from investing	-128	-203	-22.8	n/a
Cash from financing	70.5	798	8.2	+759.5%
Depreciation and amortisation	14.5	12.2	9.2	+56.6%
Share-based compensation	3.6	3.8	0.0	n/a
Dividends paid	26.5	0.0	0.0	n/a
Dividend per share	$0.16	n/a	n/a	n/a
Diluted shares, weighted	105m	105m	105m	+0.3%
Shares outstanding at period end	105m	105m	105m	-0.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2025	Q4 FY2024	Q1 FY2024	Change on the year
Shareholders' equity	1,934	1,942	879	+120.0%
Non-controlling interest	1.6	0.8	n/a	n/a
Debt	99.0	0.0	n/a	n/a
Other liabilities	86.2	90.5	n/a	n/a
Total liabilities and equity	2,121	2,033	n/a	n/a
Intangible assets	90.5	82.7	n/a	n/a
Cash and equivalents	594	626	1.6	+36299.4%
Other assets	1,436	1,324	n/a	n/a
Total assets	2,121	2,033	n/a	n/a

Questions

What was Curbline Properties' revenue in Q1 FY2025?

Curbline Properties (CURB) reported revenue of $39 million for Q1 FY2025, the quarter ended 31 March 2025, up 38.0% on the same quarter a year earlier.

How much did Curbline Properties earn in Q1 FY2025?

Net income for Q1 FY2025 was $11 million, up 32.4% on the year, and diluted earnings per share $0.10.

When did Curbline Properties report Q1 FY2025 results?

Curbline Properties filed its 10-Q for the quarter ended 31 March 2025 with the SEC on 25 April 2025.

Quarterly results, the last 11 quarters

	Q3 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	24.2	28.0	28.2	29.8	34.9	38.7	41.4	48.6	54.1	58.0	63.3
Operating income	n/a	n/a	n/a	n/a	3.8	5.1	6.6	9.0	10.0	7.6	12.1
Operating margin	n/a	n/a	n/a	n/a	11%	13%	16%	18%	18%	13%	19%
Interest expense	0.4	0.2	0.2	0.0	0.5	0.6	1.8	4.0	5.8	7.9	8.4
Pre-tax income	n/a	8.0	6.2	-15.4	11.5	10.7	10.5	9.4	9.6	3.6	7.0
Tax rate	n/a	0%	0%	n/a	0%	1%	1%	0%	1%	2%	1%
Net income	8.8	8.0	6.2	-15.4	11.5	10.6	10.4	9.4	9.6	3.6	6.9
Net margin	36%	28%	22%	-52%	33%	27%	25%	19%	18%	6%	11%
Diluted EPS	n/a	$0.08	$0.06	-$0.15	$0.11	$0.10	$0.10	$0.09	$0.08	$0.03	$0.06
Operating cash flow	n/a	15.5	16.9	-7.1	29.0	25.4	34.2	39.2	25.9	21.4	47.2
Capital expenditure	n/a	4.7	3.9	9.9	n/a	1.8	3.4	4.7	7.4	5.5	7.6
Free cash flow	n/a	10.8	12.9	-16.9	n/a	23.5	30.8	34.4	18.4	15.9	39.7
Dividends paid	n/a	0.0	0.0	0.0	0.0	26.5	17.0	17.0	17.0	20.1	18.0
Shares outstanding	105m	105m	105m	105m	105m	105m	105m	105m	105m	106m	114m
Filing	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 March 2025, filed 25 April 2025, accession 0000950170-25-058697: the filing on EDGAR. All of Curbline Properties Corp.'s filings: EDGAR company page.

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