Curbline Properties stock price fell after announcing the issuance of 8 million shares

LootboxPhobia · 2026-02-14T05:40:05+00:00

Curbline Properties Corp. announces plans for an underwritten public offering of 8 million common shares, with the stock price down 2.3%. The offering will be underwritten by Morgan Stanley and BofA Securities, with settlement expected within 18 months. The proceeds will be used for general corporate purposes.

LootboxPhobia

2026-02-14 05:40:05

Abstract generation in progress

Investing.com – Curbline Properties Corp. (NYSE: CURB) stock fell 2.3% in after-hours trading on Tuesday after the owner of convenience shopping centers announced plans for an underwritten public offering of 8 million common shares.

The offering will be conducted on a forward basis, with Morgan Stanley and BofA Securities entering into forward sale agreements as underwriters. The underwriters will also have a 30-day option to purchase up to an additional 1.2 million shares.

Under the terms of the forward sale agreements, Curbline expects to physically settle these transactions approximately 18 months after the prospectus date. The company will not receive any proceeds from the initial sale of shares to the forward purchasers.

Curbline stated that any net proceeds received at settlement will be used for general corporate purposes, which may include property acquisitions, working capital, capital expenditures, or debt repayment.

This self-managed real estate investment trust (REIT) focuses on owning and managing convenience centers at intersections and major vehicle corridors in high-income suburban communities.

All shares will be offered through a shelf registration statement filed with the U.S. Securities and Exchange Commission. The preliminary prospectus supplement related to the offering and the accompanying prospectus will be filed with the SEC.

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