Curbline Properties Corp
For the period ended Mar 31, 2025. Filed Apr 25, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 25, 2025
CURB$29.38-0.5%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024
CONSOLIDATED BALANCE SHEETS
(unaudited; in thousands, except share amounts)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Land | $541,584 | $490,563 |
| Buildings | 908,718 | 841,912 |
| Fixtures and tenant improvements | 84,442 | 80,636 |
| 1,534,744 | 1,413,111 | |
| Less: Accumulated depreciation | (174,533) | (165,350) |
| 1,360,211 | 1,247,761 | |
| Construction in progress and land | 15,217 | 14,456 |
| Total real estate assets, net | 1,375,428 | 1,262,217 |
| Cash and cash equivalents | 594,038 | 626,409 |
| Accounts receivable, net | 16,899 | 15,887 |
| Amounts receivable from SITE Centers | 32,579 | 33,762 |
| Intangible assets, net | 90,522 | 82,670 |
| Other assets | 11,218 | 12,153 |
| $2,120,684 | $2,033,098 | |
| Liabilities and Equity | ||
| Indebtedness, net | $98,988 | $— |
| Below-market leases, net | 45,789 | 40,149 |
| Dividends payable | 17,278 | 26,674 |
| Accounts payable and other liabilities | 23,169 | 23,718 |
| Total liabilities | 185,224 | 90,541 |
| Commitments and contingencies (Note 7) | ||
| Equity | ||
| Preferred Stock, par value $0.01 per share; 100,000,000 authorized; 0 shares outstanding at March 31, 2025 and December 31, 2024 | — | — |
| Common Stock, par value $0.01 per share; 400,000,000 shares authorized; 105,214,483 and 105,043,781 shares outstanding at March 31, 2025 and December 31, 2024, respectively | 1,052 | 1,050 |
| Additional paid-in-capital | 1,954,135 | 1,954,548 |
| Accumulated distributions in excess of net income | (21,406) | (15,021) |
| Accumulated other comprehensive income | 45 | 1,207 |
| Total stockholders’ equity | 1,933,826 | 1,941,784 |
| Non-controlling interests | 1,634 | 773 |
| Total equity | 1,935,460 | 1,942,557 |
| $2,120,684 | $2,033,098 | |
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