Curbline Properties slips after announcing stock offering

Curbline Properties

10/02/2026 22:11

** Shares of real estate investment trust Curbline Properties CURB.N down 2.5% post-market to $25.10 after equity offering news

** New York City-based owner of suburban convenience shopping centers commences 8 mln share offering on a forward basis

** CURB to enter into 18-month forward sale agreements with bookrunners Morgan Stanley and BofA

** Upon settlement of agreements, it anticipates using net proceeds for general purposes, including funding acquisition of properties, working capital and capex, and to repay debt

** With ~105.4 mln shares outstanding, CURB has $2.7 bln market cap

** Co early Mon reported Q4 FFO/sh of 29 cents, above consensus view of 27 cents, per LSEG data

** CURB shares on Tues finished up 0.3% at $25.73, up 11% YTD. In the session, stock hit its highest intraday level ($26.03) since co was spun out of Site Centers SITC.N in 2024

** 8 of 9 analysts covering CURB rate the stock "strong buy" or "buy", 1 "hold"; median PT $27

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))