Site Centers Completes Spin-off, Shares Move 1.3%

By Bobby Samwell • Thursday, October 03 10:40 • Permanent Link

Site Centers Corp. (NYSE: SITC) has completed the spin-off of Curbline Properties Corp., with Curbline now trading on the New York Stock Exchange under the ticker symbol "CURB." Shareholders of Site Centers received two shares of Curbline common stock for every one common share of Site Centers held as of September 23, 2024.

Site Centers is an owner and manager of open-air shopping centers in suburban, high household income communities, while Curbline is focused on convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in similar communities.

As of the completion of the spin-off, Site Centers is now operating as an independent, publicly traded company. The market has reacted to these announcements by moving the company's shares 1.3% to a price of $16.79. Check out the company's full 8-K submission here.

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