Curbline Properties is a publicly traded real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker symbol CURB and was spun off from Site Centers in October of 2024. The company focuses exclusively on owning and managing convenience shopping centers located along high-traffic street-fronting intersections in suburban markets with high household incomes across the United States. As of September 30, 2025, Curbline’s portfolio comprised 162 properties totaling approximately 4.5 million square feet of owned gross leasable area (GLA), with an average asset size of 28,000 square feet. The portfolio is highly concentrated in affluent suburban submarkets, with top markets including Atlanta (12% of annual base rent), Miami (11%), and Phoenix (8%). The company’s geographic exposure is weighted toward the Southeast (41% of ABR) and Southwest/Mountain regions (24%). Curbline’s investment strategy targets necessity-based retail and service-oriented tenants that drive daily traffic and stable cash flows. The portfolio features a 94% shop-to-anchor ratio, with a tenant mix of 70% national brands and 30% local operators. Top tenants include Starbucks, Verizon, Inspire Brands, Chipotle, and AT&T, with no single tenant accounting for more than 3% of total base rent, reducing concentration risk. Leasing fundamentals remain strong, with a 96.7% leased rate and robust rent spreads—39.7% for new leases and 20.5% for renewals in the third quarter of 2025. The company has demonstrated an aggressive acquisition strategy, completing $966 million in acquisitions since July 2024, including $336 million in Q3 2025 alone.