Curbline Pptys Corp Stock Price, News & Analysis

SITE Centers (NYSE: SITC) reported its Q1 2025 financial results, showing a net income of $3.1 million ($0.06 per diluted share), compared to a net loss of $26.3 million in Q1 2024. Operating FFO decreased to $8.3 million ($0.16 per diluted share) from $59.8 million year-over-year, primarily due to the Curbline Properties spin-off and property dispositions.

The company's leased rate declined to 89.8% as of March 31, 2025, from 91.1% in December 2024. During Q1, SITC executed 22 leases totaling 75,000 square feet with cash renewal spreads of 3.4%. The company currently has properties worth $95.3 million under contract for sale and an additional $350+ million in various stages of negotiations.

Curbline Properties (NYSE: CURB), a convenience shopping center owner focused on high-traffic suburban locations, has scheduled its first quarter 2025 earnings release and conference call. The company will release its financial and operational results for Q1 2025 (ended March 31) before market open on April 24, 2025.

The earnings conference call and webcast will take place at 8:00 AM Eastern Time on the same day. Participants can join via phone using the numbers +1(800) 715-9871 (U.S.) or +1(646) 307-1963 (international) with passcode 6823859. A replay will be available through May 1, 2025, accessible through the company website or by phone.

Curbline Properties (NYSE: CURB) has reported its Q1 2025 investment activities, highlighting significant expansion in its convenience center portfolio. The company has acquired 9 convenience shopping centers for a total investment of $104.3 million, including a notable six-property portfolio in Jacksonville, Florida.

As the first public real estate company focused exclusively on convenience properties in high-income U.S. submarkets, Curbline continues to execute its strategic business plan of expanding its presence in wealthy suburban locations. The company's management expresses optimism about the market opportunities and potential for convenience centers in these target areas.

SITE Centers (NYSE: SITC) reported its Q4 2024 financial results, marking a period of significant corporate restructuring. The company posted a net loss of $13.2 million ($0.25 per diluted share), compared to net income of $193.6 million ($3.69 per diluted share) in Q4 2023.

Key highlights include:

• Operating FFO of $8.3 million ($0.16 per diluted share), down from $54.0 million ($1.03 per diluted share) year-over-year
• Leased rate of 91.1% as of December 31, 2024
• Commenced rate increased to 90.6%
• Generated cash renewal leasing spreads of 10.6%

The company completed several strategic initiatives, including the redemption of $175 million in preferred shares and the spin-off of Curbline Properties (NYSE: CURB) on October 1, 2024, which included 79 convenience properties and $800 million in cash distribution.

Curbline Properties (NYSE: CURB), a company specializing in convenience centers ownership in suburban, high-income areas, has announced a quarterly dividend declaration. The company will distribute $0.16 per share for the first quarter of 2025 to its common stock shareholders.

The dividend will be paid on April 8, 2025, to stockholders recorded in the company's books as of the close of business on March 14, 2025.

Curbline Properties (NYSE: CURB) reported strong Q4 2024 results in its first quarter as an independent public company. Net income reached $11.5 million ($0.11 per diluted share), up from $7.6 million year-over-year, while Operating FFO was $23.8 million ($0.23 per diluted share).

The company completed significant acquisitions, purchasing 20 convenience shopping centers for $206.1 million in Q4 and secured a $500 million credit facility. Key operational metrics include a 5.8% increase in same-property NOI for 2024, strong leasing spreads with 30.5% on new leases, and a solid 95.5% leased rate.

Looking ahead, Curbline provided 2025 guidance projecting net income of $0.48-$0.56 per diluted share and Operating FFO of $0.97-$1.01 per diluted share.

SITE Centers Corp. (NYSE: SITC) has released its tax allocations for 2024 dividend distributions for both common and preferred shares, including details of the Curbline Properties Corp. spin-off. For common shares, quarterly distributions were $0.13 per share, with each payment consisting of $0.0375 in capital gains and $0.0925 in return of capital. The Curbline Properties spin-off represented a significant distribution of $44.58 per share.

For Preferred Class A Depositary Shares, distributions totaled $1.3768 per share for the year, paid quarterly at $0.3984 for the first three quarters and $0.1815 for the final period. All preferred share distributions were classified as capital gains with no ordinary dividends or return of capital components.

Curbline Properties (NYSE: CURB), a company specializing in convenience shopping centers at high-traffic suburban locations, has scheduled its Fourth Quarter 2024 earnings conference call for February 11, 2025, at 8:00 AM Eastern Time. The financial and operational results will be released before the market opens on the same day.

Investors can join the call by dialing +1(800) 715-9871 (U.S.) or +1(646) 307-1963 (international) using passcode 6823859. A live webcast will be available, and a replay can be accessed through February 18, 2025, via the company's website or by phone using passcode 6823859.

Curbline Properties (NYSE: CURB), a convenience shopping center owner, has disclosed the tax allocations for its 2024 dividend distributions. The company announced that for the distribution with a record date of December 31, 2024, and payment date of January 16, 2025, shareholders will receive a total distribution of $0.250 per share.

The distribution is split between tax years, with $0.194388 allocable to 2024 and $0.055612 allocable to 2025 for federal income tax purposes. The 2024 portion is classified entirely as ordinary dividends and Section 199A dividends, with no capital gain distribution, return of capital, or unrecaptured Section 1250 gain components.