Curbline Properties Declares $0.25 Per Share Cash Special Dividend
20 December 2024 - 8:05AM
Business Wire
Curbline Properties Corp. (NYSE: CURB), an owner of convenience
shopping centers positioned on the curbline of well-trafficked
intersections and major vehicular corridors in suburban, high
household income communities, today declared a special cash
dividend of $0.25 per share. The dividend is payable on January 16,
2025 to stockholders of record at the close of business on December
31, 2024.
About Curbline Properties
Curbline Properties is an owner and manager of convenience
shopping centers positioned on the curbline of well-trafficked
intersections and major vehicular corridors in suburban, high
household income communities. The Company is publicly traded under
the ticker symbol “CURB” on the NYSE and plans to elect to be
treated as a REIT for U.S. federal income tax purposes. Additional
information about Curbline is available at www.curbline.com. To be
included in the Company’s e-mail distributions for press releases
and other investor news, please click here.
Safe Harbor
Curbline Properties considers portions of the information in
this press release to be forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, both as amended, with
respect to the Company’s expectation for future periods. Although
the Company believes that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions,
it can give no assurance that its expectations will be achieved.
For this purpose, any statements contained herein that are not
historical fact may be deemed to be forward-looking statements.
There are a number of important factors that could cause our
results to differ materially from those indicated by such
forward-looking statements, including, among other factors, the
ability to execute our business strategy as an independent,
publicly traded company. Other risks and uncertainties that could
cause our results to differ materially from those indicated by such
forward-looking statements include general economic conditions,
including inflation and interest rate volatility; local conditions
such as the supply of, and demand for, retail real estate space in
our geographic markets; the consistency with future results of
assumptions based on past performance; dependence on rental income
from real property; the loss of, significant downsizing of or
bankruptcy of a tenant and the impact of any such event on rental
income and our properties; our ability to enter into agreements to
buy and sell properties on commercially reasonable terms and to
satisfy closing conditions applicable to such sales; our ability to
secure equity or debt financing on commercially acceptable terms or
at all; development and construction activities may not achieve a
desired return on investment; impairment charges; property damage,
expenses related thereto and other business and economic
consequences (including the potential loss of rental revenues)
resulting from extreme weather conditions or natural disasters in
locations where we own properties, and the ability to estimate
accurately the amounts thereof; sufficiency and timing of any
insurance recovery payments related to damages from extreme weather
conditions or natural disasters; any change in strategy; the impact
of pandemics and other public health crises; unauthorized access,
use, theft or destruction of financial, operations or third party
data maintained in our information systems or by third parties on
our behalf; and our ability to qualify as a REIT and to maintain
REIT status once elected. For additional factors that could cause
the results of the Company to differ materially from those
indicated in the forward-looking statements, please refer to the
Company's Registration Statement on Form 10 and any subsequent
reports that we file with the Securities and Exchange Commission.
The Company undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that
arise after the date hereof.
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version on businesswire.com: https://www.businesswire.com/news/home/20241219754457/en/
Conor Fennerty, EVP and Chief Financial Officer (216)
755-6200
Curbline Properties (NYSE:CURB)
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