ADDED
EXPLANATORY NOTE This annual report of Curbline Properties Corp.
(the Company or Curbline , we or us ) includes the financial statements of the Company as of December 31, 2025 and 2024.
( SITE Centers ) completed the spin-off of Curbline, pursuant to which SITE Centers contributed 79 convenience properties to the Company.
The financial statements prior to the Spin-Off Date do not represent the financial statements of a legal entity, but rather a combination of entities under common control that have been carved out of the consolidated financial statements of SITE Centers and presented on a consolidated basis.
For more information regarding the risks related to our business, refer to the Risk Factors section of this annual report.
Management s Discussion and Analysis of Financial Condition and Results of Operations 34 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 51 9A.
The use of technology based on artificial intelligence presents risks relating to confidentiality, creation of inaccurate and flawed outputs and emerging regulatory risk, any or all of which may adversely affect our business and results of operations.
The Company was recently organized and employs a business model with a limited track record, and it may not be able to operate its business successfully or execute its business plan.
Risks Related to the Company s Indebtedness and Capital Structure The Company may not be able to obtain additional capital to make investments or finance its operations.
REMOVED
The registrant s common stock began trading publicly in regular way on the New York Stock Exchange on October 1, 2024 under the symbol CURB.
EXPLANATORY NOTE This Annual Report on Form 10-K of Curbline Properties Corp.
(the Company or Curbline , we or us ) includes the financial statements of the Company, as of December 31, 2024 and December 31, 2023.
The financial statements prior to the Spin-Off Date (as defined below), do not represent the financial statements of a legal entity, but rather a combination of entities under common control that have been carved-out of SITE Centers Corp.
On October 1, 2024, SITE Centers completed the spin-off of Curbline, pursuant to which SITE Centers contributed 79 convenience properties to the Company.
Following the spin-off, the Company became a separate publicly traded company and intends to qualify and elect to be taxed as a real estate investment trust under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, commencing with the Company s initial taxable year ending December 31, 2024.
This Annual Report on Form 10-K presents our financial information for the fiscal year ended December 31, 2024, which includes the period from January 1, 2024 to September 30, 2024, which is prior to the spin-off.
Therefore, the discussion of the Company s results of operations, cash flows and financial condition set forth in this report is not necessarily indicative of the future results of operations, cash flows or financial condition of the Company as an independent, publicly traded company.
For more information regarding the risks related to our business, refer to the section captioned Risk Factors .
Management s Discussion and Analysis of Financial Condition and Results of Operations 33 7A.