Curbline Properties Corp.

Curbline Properties Corp. (NYSE: CURB) is a publicly traded real estate investment trust focused exclusively on owning, leasing, acquiring, and managing convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high-income communities across the United States. The company's website is www.curbline.com.

As of December 31, 2025, Curbline operates a portfolio of 176 convenience shopping centers aggregating 4.8 million square feet of gross leasable area with an overall occupancy rate of 94.1 percent. The average property in the portfolio comprises approximately 27,000 square feet, with 94 percent of base rent generated by units smaller than 10,000 square feet. The company's properties are geographically diversified principally across the Southeast, Mid-Atlantic, Southwest, and Mountain regions, along with Texas, and are located in submarkets with above-average household incomes averaging approximately $121,000 compared to the national median of $83,730.

Curbline generates substantially all of its income from rental payments from a diversified tenant base comprising primarily national, high-credit-quality operators in service and restaurant businesses, including quick-service restaurants, healthcare and wellness, financial services, beverage retail, telecommunications, beauty and hair salons, and fitness operations. National tenants account for over 70 percent of total annualized base rent, with public company tenants comprising over 29 percent. The company's largest tenant, Starbucks, represents only 2.6 percent of annualized base rent, and the top ten tenants comprise less than 14 percent of total rent.

Curbline was spun off from SITE Centers Corp. on October 1, 2024, when SITE Centers distributed shares of Curbline common stock to its shareholders at a ratio of two Curbline shares for every one SITE Centers share held. The spin-off transferred 79 convenience shopping centers and related assets to Curbline as a newly independent public company. The company operates through an umbrella partnership structure with substantially all properties and assets held through Curbline Properties LP, a Delaware limited partnership.

As of December 31, 2025, Curbline employed 39 full-time employees. The company has elected to be taxed as a REIT under federal income tax laws and intends to maintain that status in future periods.