Curbline Properties Announces Tax Basis
Curbline Properties Corp. (CURB)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--On October 1, 2024, Curbline Properties Corp. (NYSE: CURB) (“CURB” or “Curbline”) completed its separation from SITE Centers Corp. (NYSE: SITC) (“SITC”) and became an independent publicly traded company. In the separation, SITC distributed two CURB common shares for every SITC common share held by SITC shareholders on the close of business on September 23, 2024 (the “Distribution”).The fair market value of CURB’s common stock received by SITC shareholders in the Distribution for federal income tax purposes has been determined to be $22.29 per share based on the average closing price per share of CURB’s common stock on its first three trading days beginning October 1, 2024.The impact of the Distribution on SITE Centers shareholders’ basis in SITC common stock will be determined after the taxable year closes and will be noted on IRS Form 8937 with details expected to be available on SITE Centers’ website at www.sitecenters.com in the first quarter of 2025.
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News
- Curbline Properties Declares $0.25 Per Share Cash Special DividendBusiness Wire
- Curbline Properties Announces Acquisition and Leasing UpdateBusiness Wire
- Curbline Properties (NYSE: CURB) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $28.00 price target on the stock.MarketBeat
- Curbline Properties (NYSE: CURB) is now covered by analysts at Truist Financial Co.. They set a "hold" rating and a $22.00 price target on the stock.MarketBeat
- Curbline Properties (NYSE: CURB) is now covered by analysts at Citigroup Inc.. They set a "neutral" rating and a $25.00 price target on the stock.MarketBeat
CURB
Sec Filings
- 11/13/24 - Form 10-Q
- 11/7/24 - Form SC
- 11/7/24 - Form SC
- CURB's page on the SEC website