Curbline Properties Prices $308.5 Million Common Stock Offering

NEW YORK — June 29, 2026 — Curbline Properties Corp. (NYSE: CURB) announced the pricing of an underwritten public offering of 10 million shares of its common stock, with aggregate gross proceeds expected to reach approximately $308.5 million before deducting estimated offering expenses. The offering, structured through forward sale agreements, is expected to close on July 1, 2026, subject to customary closing conditions.

Forward Sale Structure Delays Cash Receipt

The offering is tied to forward sale agreements entered into with Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and Wells Fargo Bank, National Association, or affiliates thereof, acting as forward purchasers. Under the terms of those agreements, Curbline does not receive proceeds at the time of the initial stock sale. Instead, the company intends to physically settle the forward sale agreements — issuing and selling the 10 million shares to the forward purchasers — within approximately 18 months of the prospectus supplement date.

Goldman Sachs & Co. LLC, Morgan Stanley, and Wells Fargo are acting as underwriters for the offering. In connection with the forward sale agreements, the forward purchasers or their affiliates are expected to borrow shares from third parties and sell them to the underwriters. If a forward purchaser is unable to borrow and deliver all required shares after using commercially reasonable efforts, or if borrowing costs exceed a specified threshold, Curbline would issue and sell directly to the underwriters a number of shares equal to those not delivered by the forward purchaser.

The underwriters have also been granted a 30-day option, exercisable in whole or in part, to purchase up to an additional 1.5 million shares of common stock. If exercised in full, the total potential share count would reach 11.5 million. Curbline said it expects to enter into one or more additional forward sale agreements with the forward purchasers if that option is exercised.

Proceeds Earmarked for Acquisitions and Corporate Uses

Curbline said it intends to use net proceeds received upon settlement of the forward sale agreements for general corporate purposes. The company listed potential uses including funding property acquisitions, working capital, capital expenditures, repaying outstanding indebtedness, or a combination of those purposes.

Shelf Registration and SEC Filing

All shares in the offering are being sold pursuant to Curbline's effective shelf registration statement filed with the Securities and Exchange Commission. A final prospectus supplement and accompanying prospectus are to be filed with the SEC. Copies may be obtained from Goldman Sachs & Co. LLC's Prospectus Department at 200 West Street, New York, NY 10282; from Morgan Stanley & Co. LLC's Prospectus Department at 180 Varick Street, 2nd Floor, New York, NY 10014; or from Wells Fargo Securities, LLC at 90 South 7th Street, 5th Floor, Minneapolis, MN 55402. The documents will also be available through the SEC's EDGAR database at www.sec.gov.

Conor Fennerty, Executive Vice President and Chief Financial Officer, is listed as the contact for additional information on the offering.

About Curbline Properties

Curbline Properties describes itself as 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 a self-managed real estate investment trust traded on the New York Stock Exchange under the ticker symbol CURB. Its headquarters are located at 320 Park Avenue, 27th Floor, New York, NY 10022.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Sources

Curbline Properties — Offering Pricing Press Release, June 2026 (PDF)