Spin-off - Curbline Properties Corp.

Form Type: 10-K

Filing Date: 2025-02-21

Corporate Action: Spin-off

Type: Update

Accession Number: 000095017025024834

Filing Summary: Curbline Properties Corp. was formed as part of a spin-off from SITE Centers Corp., which became effective at 12:01 a.m. on October 1, 2024. The spin-off involved the distribution of 79 convenience properties to Curbline, enabling it to become a separate publicly traded company intended to operate as a real estate investment trust. This transition included the formal establishment of Curbline's financial statements as independent from SITE Centers, now reflecting its status and operational results post-spin-off, particularly for the period ending December 31, 2024. Risks associated with the company's new operational model are prominent, including dependence on rental income, potential inflation impacts, and historical financial data not serving as indicative of future performance as an independent entity. Additional information is incorporated by reference from the company’s definitive proxy statement for its 2025 Annual Meeting of Stockholders.

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