Curbline Properties Announces Pricing of Common Stock Offering
Curbline Properties Corp. (NYSE: CURB) (the “Company” or “Curbline”) announced today the pricing of an underwritten public offering of 10,000,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below. The aggregate gross proceeds to the Company from the offering, before deducting estimated offering expenses, are expected to be approximately $308.5 million. The offering is expected to close on July 1, 2026, subject to customary closing conditions.
Goldman Sachs & Co. LLC, Morgan Stanley and Wells Fargo Securities are acting as the underwriters for the offering.
In connection with the offering, the Company entered into forward sale agreements with Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and Wells Fargo Bank, National Association (or affiliates thereof) (the “forward purchasers”), with respect to 10,000,000 shares of the Company’s common stock.
The underwriters have been granted a 30-day option, exercisable in whole or in part from time to time, to purchase up to an additional 1,500,000 shares of the Company’s common stock. If the option to purchase additional shares of the Company’s common stock is exercised, the Company expects to enter into one or more additional forward sale agreements with the forward purchasers in respect of the number of shares of the Company’s common stock that are subject to exercise of the option to purchase additional shares.
