Curbline Properties Corp.

Curbline Properties Corp. is primarily engaged in owning, leasing, acquiring, and managing convenience shopping centers. These centers are located on the curbline of busy intersections and major roads in suburban communities with high household incomes. All of Curbline's properties are in the United States, diversified across the Southeast, Mid-Atlantic, Southwest, Mountain regions, and Texas. As of December 31, 2025, the company's portfolio included 176 properties, totaling 4.8 million square feet of gross leasable area (GLA), with an aggregate occupancy of 94.1%. The average annualized base rent per occupied square foot was $34.52. Curbline's main income source is rent from these convenience shopping centers. These centers offer good access and visibility, dedicated parking, and often include drive-thru units, with approximately half of Curbline properties having at least one drive-thru unit as of December 31, 2025. The properties typically feature a row of small-shop units leased to a mix of national, regional, and local service and restaurant tenants, catering to daily needs of the suburban population. The average GLA per property in the Curbline portfolio was approximately 27,000 square feet as of December 31, 2025, with 94% of base rent generated by units less than 10,000 square feet. Curbline was spun off from SITE Centers on October 1, 2024, when SITE Centers contributed 79 convenience shopping centers and other assets, liabilities, and obligations to Curbline.