Curbline Properties Corp

Notes to Financial Statements (Unaudited)

Organization and Description of Business

Curbline Properties Corp. (the “Company” or “Curbline Properties”) was incorporated in the state of Maryland on October 25, 2023 and was capitalized with $1,000 on July 15, 2024. The Company was a direct, wholly owned subsidiary of SITE Centers Corp. (“SITE Centers”), formed in contemplation of a spin-off transaction in which SITE Centers planned to contribute substantially all of its convenience properties to the Company, or its subsidiaries, and distribute all the outstanding shares of common stock of the Company to SITE Centers’ common shareholders. Upon formation, the Company’s authorized capital stock consisted of 100 shares of common stock, $0.01 par value per share, all of which were issued to SITE Centers.

On September 30, 2024, the Company’s charter was amended and restated to, among other things, increase the Company’s authorized capital stock to 400,000,000 shares of common stock, $0.01 par value per share, and 100,000,000 shares of preferred stock, $0.01 par value per share. Also, on September 30, 2024, in connection with the spin-off, the Company issued a dividend to SITE Centers of 104,860,222 shares of Curbline Properties common stock, resulting in a total of 104,860,322 shares outstanding and held by SITE Centers.

Summary of Significant Accounting Policies

The financial statements have been prepared in accordance with U.S. generally accepted accounting principles as set forth within the Financial Accounting Standards Board’s Accounting Standards Codification. Statements of operations and cash flows have not been prepared as no material substantive transactions related to these statements have taken place during the nine months ended September 30, 2024.

Subsequent Events

Spin-Off

On October 1, 2024, SITE Centers completed the spin-off of the Company pursuant to which SITE Centers contributed 79 convenience properties to the Company. The spin-off was accomplished via a pro rata special distribution oftwo shares of Curbline Properties common stock for every one SITE Centers common share held by SITE Centers common shareholders on September 23, 2024, the record date, resulting in a distribution of an aggregate of 104,860,322 shares of Curbline Properties common stock. Following the closing of the spin-off, Curbline Properties operates as a separate publicly traded company.