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SITE Centers ( (SITC) ) has issued an update.
SITE Centers Corp. has successfully completed the spin-off of Curbline Properties Corp., a move that saw SITE Centers’ common shareholders receive two shares of Curbline for each SITE Centers share they owned as of September 23, 2024. Curbline, now an independent public company trading under “CURB” on the New York Stock Exchange, specializes in convenience shopping centers in high-traffic suburban areas. The spin-off is expected to allow each company to focus on their specific strategic plans and growth opportunities in the retail real estate market.
Learn more about SITC stock on TipRanks’ Stock Analysis page.
