Curbline Properties Corp. (NYSE:CURB) (the "Company" or "Curbline") today announced that it has completed the previously announced spin-off from SITE Centers Corp. ("SITE Centers") and is now an independent, publicly traded company that will begin regular-way trading today on the New York Stock Exchange ("NYSE") 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. The Company plans to elect to be treated as a real estate investment trust ("REIT") for U.S. federal income tax purposes.

"We are extremely excited to form the first public real estate company focused exclusively on convenience properties located on the curbline in the wealthiest submarkets in the United States," commented David R. Lukes, President and Chief Executive Officer. "This highly fragmented but liquid market, along with the Company's net cash and liquidity position, provides a substantial addressable opportunity for Curbline to scale and differentiate itself as the first mover public REIT in the sector."

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.