Curbline Properties First Quarter 2025 Investment Update
Curbline Properties (NYSE: CURB) has reported its Q1 2025 investment activities, highlighting significant expansion in its convenience center portfolio. The company has acquired 9 convenience shopping centers for a total investment of $104.3 million, including a notable six-property portfolio in Jacksonville, Florida.
As the first public real estate company focused exclusively on convenience properties in high-income U.S. submarkets, Curbline continues to execute its strategic business plan of expanding its presence in wealthy suburban locations. The company's management expresses optimism about the market opportunities and potential for convenience centers in these target areas.
Curbline Properties (NYSE: CURB) ha riportato le sue attività di investimento per il primo trimestre del 2025, evidenziando una significativa espansione nel suo portafoglio di centri di convenienza. L'azienda ha acquisito 9 centri commerciali di convenienza per un investimento totale di $104,3 milioni, inclusa una notevole portafoglio di sei proprietà a Jacksonville, Florida.
Essendo la prima società immobiliare pubblica focalizzata esclusivamente su proprietà di convenienza in submercati statunitensi ad alto reddito, Curbline continua a eseguire il suo piano aziendale strategico di espandere la sua presenza in località suburbane benestanti. La direzione dell'azienda esprime ottimismo riguardo alle opportunità di mercato e al potenziale per i centri di convenienza in queste aree target.
Curbline Properties (NYSE: CURB) ha informado sobre sus actividades de inversión del primer trimestre de 2025, destacando una expansión significativa en su cartera de centros de conveniencia. La compañía ha adquirido 9 centros comerciales de conveniencia por una inversión total de $104.3 millones, incluyendo una notable cartera de seis propiedades en Jacksonville, Florida.
Como la primera empresa inmobiliaria pública centrada exclusivamente en propiedades de conveniencia en submercados de alto ingreso en EE. UU., Curbline continúa ejecutando su plan de negocio estratégico para expandir su presencia en ubicaciones suburbanas adineradas. La dirección de la empresa expresa optimismo sobre las oportunidades del mercado y el potencial para los centros de conveniencia en estas áreas objetivo.
Curbline Properties (NYSE: CURB)는 2025년 1분기 투자 활동을 보고하며, 편의점 포트폴리오의 상당한 확장을 강조했습니다. 이 회사는 총 $104.3 백만의 투자로 9개의 편의점 쇼핑 센터를 인수했으며, 플로리다 주 잭슨빌에 있는 6개 자산 포트폴리오가 눈에 띕니다.
고소득 미국 서브마켓에 있는 편의점에만 집중하는 최초의 상장 부동산 회사로서, Curbline은 부유한 교외 지역에서의 입지를 확장하기 위한 전략적 사업 계획을 실행하고 있습니다. 회사 경영진은 이러한 목표 지역에서의 시장 기회와 편의점의 잠재력에 대해 낙관적인 입장을 보이고 있습니다.
Curbline Properties (NYSE: CURB) a rapporté ses activités d'investissement pour le premier trimestre 2025, mettant en évidence une expansion significative de son portefeuille de centres de commodité. L'entreprise a acquis 9 centres commerciaux de commodité pour un investissement total de $104,3 millions, y compris un portefeuille notable de six propriétés à Jacksonville, en Floride.
En tant que première société immobilière publique axée exclusivement sur les propriétés de commodité dans des sous-marchés américains à revenu élevé, Curbline continue d'exécuter son plan d'affaires stratégique d'expansion de sa présence dans des emplacements suburbains riches. La direction de l'entreprise exprime son optimisme quant aux opportunités de marché et au potentiel des centres de commodité dans ces zones cibles.
Curbline Properties (NYSE: CURB) hat seine Investitionstätigkeiten im ersten Quartal 2025 berichtet und hebt eine signifikante Expansion seines Portfolios an Convenience-Centern hervor. Das Unternehmen hat 9 Convenience-Einkaufszentren für eine Gesamtinvestition von $104,3 Millionen erworben, einschließlich eines bemerkenswerten Portfolios von sechs Immobilien in Jacksonville, Florida.
Als das erste börsennotierte Immobilienunternehmen, das sich ausschließlich auf Convenience-Immobilien in einkommensstarken US-Submärkten konzentriert, setzt Curbline seinen strategischen Geschäftsplan zur Expansion seiner Präsenz in wohlhabenden Vororten um. Das Management des Unternehmens äußert Optimismus hinsichtlich der Marktchancen und des Potenzials für Convenience-Zentren in diesen Zielgebieten.
- Acquired 9 new convenience centers for $104.3M
- Strategic expansion in high-income markets
- Secured six-property portfolio in Jacksonville
- None.
“Curbline continues to execute on its business plan of scaling the first public real estate company focused exclusively on convenience properties located on the curbline in the wealthiest submarkets in the United States,” commented David R. Lukes, President and Chief Executive Officer. “In the first quarter to date, the Company has closed on the acquisition of 9 convenience shopping centers for
| Date | Property Name | MSA | Price ( |
| 01/16/25 | Navarre Crossing | 4,950 |
|
| 01/24/25 | Shops at Gilbert Crossroads - Phase II | 2,700 |
|
| 02/24/25 | Corner at Laveen Spectrum | 10,350 |
|
| 02/27/25 | 6-Property Portfolio | 86,300 |
|
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About Curbline Properties
Curbline Properties is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. The Company is publicly traded under the ticker symbol “CURB” on the NYSE and plans to elect to be treated as a REIT for
Safe Harbor
Curbline Properties Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company's expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact, including statements regarding the Company's projected operational and financial performance, strategy, prospects and plans, may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, (1) changes in general economic conditions, including inflation and interest rate volatility; (2) changes in local conditions such as an increase or decrease in the supply of, or demand for, retail real estate space in our geographic markets; (3) the impact of changes in consumer practices, retailing practices and the space needs of tenants; (4) dependence on the successful operations and financial condition of tenants, the loss of which, including as a result of downsizing or bankruptcy, could negatively impact rental income from our properties; (5) our ability to enter into new leases, and renew existing leases, on favorable terms; (6) our ability to identify, acquire, construct or develop additional properties that produce a desired yield on invested capital; (7) potential environmental liabilities; (8) our ability to secure debt and equity financing on commercially acceptable terms or at all; (9) the illiquidity of real estate investments which could limit our ability to make changes to our portfolio to respond to economic or other conditions; (10) property damage, expenses related thereto and other business and economic consequences (including the potential loss of rental revenues) resulting from extreme weather conditions or natural disasters in locations where we own properties, and the ability to estimate accurately the amounts thereof; (11) sufficiency and timing of any insurance recovery payments related to damages from extreme weather conditions or natural disasters; (12) any change in strategy; (13) the impact of pandemics and other public health crises; (14) unauthorized access, use, theft or destruction of financial, operations or third-party data maintained in our information systems or by third parties on our behalf; and (15) our ability to qualify as a REIT and to maintain REIT status once elected. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and any subsequent reports that we file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250303746427/en/
For additional information:
Conor Fennerty,
EVP and Chief Financial Officer
(216) 755-6200
Source: Curbline Properties Corp.
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