Curbline Properties Corp.
For the period ended Jun 30, 2025. Filed Jul 29, 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.
Jun 30, 2025 · Filed Jul 29, 2025
CURB$29.38-0.5%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024
CONSOLIDATED BALANCE SHEETS
(unaudited; in thousands, except share amounts)
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Land | $600,790 | $490,563 |
| Buildings | 995,543 | 841,912 |
| Fixtures and tenant improvements | 90,525 | 80,636 |
| 1,686,858 | 1,413,111 | |
| Less: Accumulated depreciation | (184,454) | (165,350) |
| 1,502,404 | 1,247,761 | |
| Construction in progress and land | 16,779 | 14,456 |
| Total real estate assets, net | 1,519,183 | 1,262,217 |
| Cash and cash equivalents | 429,865 | 626,409 |
| Accounts receivable, net | 18,774 | 15,887 |
| Amounts receivable from SITE Centers | 31,287 | 33,762 |
| Intangible assets, net | 101,290 | 82,670 |
| Other assets | 33,404 | 12,153 |
| $2,133,803 | $2,033,098 | |
| Liabilities and Equity | ||
| Indebtedness, net | $99,090 | $— |
| Below-market leases, net | 52,514 | 40,149 |
| Dividends payable | 17,403 | 26,674 |
| Accounts payable and other liabilities | 35,815 | 23,718 |
| Total liabilities | 204,822 | 90,541 |
| Commitments and contingencies (Note 7) | ||
| Equity | ||
| Preferred Stock, par value $0.01 per share; 100,000,000 authorized; 0 shares outstanding at June 30, 2025 and December 31, 2024 | — | — |
| Common Stock, par value $0.01 per share; 400,000,000 shares authorized; 105,214,628 and 105,043,781 shares outstanding at June 30, 2025 and December 31, 2024, respectively | 1,052 | 1,050 |
| Additional paid-in-capital | 1,955,933 | 1,954,548 |
| Accumulated distributions in excess of net income | (27,948) | (15,021) |
| Accumulated other comprehensive income | (2,815) | 1,207 |
| Total stockholders’ equity | 1,926,222 | 1,941,784 |
| Non-controlling interests | 2,759 | 773 |
| Total equity | 1,928,981 | 1,942,557 |
| $2,133,803 | $2,033,098 | |
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