SITE Centers has completed the previously announced spin-off of Curbline Properties, which is now an independent, publicly traded company that will begin regular-way trading today on the New York Stock Exchange under the ticker symbol “CURB.” Curbline is an owner of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. Curbline plans to elect to be treated as a real estate investment trust for U.S. federal income tax purposes. SITE Centers shareholders received two shares of Curbline common stock for every one common share of SITE Centers held at the close of business on the record date of September 23, 2024.
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