Curbline Properties (CURB) Proxy Filing summary

Executive summary

• The 2025 Annual Meeting will be held virtually on May 7, 2025, with stockholders of record as of March 17, 2025, eligible to vote.

• The company completed a spin-off from SITE Centers in October 2024, acquiring 79 properties and later 20 more shopping centers for $206.1 million.

• As of December 31, 2024, the portfolio comprised 3.1 million sq. ft., 95.5% leased, with annualized base rent per occupied sq. ft. of $35.62.

• A $500 million credit facility was secured, including a $400 million revolver and $100 million term loan, with interest rate hedged at 5.078%.

Voting matters and shareholder proposals

• Stockholders will vote on electing two Class I Directors and ratifying PricewaterhouseCoopers LLP as the independent auditor for 2025.

• Board recommends voting for both director nominees and for auditor ratification.

• Proxy access allows groups holding at least 3% of shares for 3 years to nominate directors.

• Shareholder proposals for the 2026 meeting must be received by November 26, 2025.

Board of directors and corporate governance

• Board consists of seven directors, six of whom are independent; two are women and one is African American.

• Board is classified into three classes, with full declassification planned for 2027.

• Independent Chairman and CEO roles are separated; regular executive sessions and annual self-assessments are conducted.

• Committees include Audit, Compensation, and Nominating & Sustainability, all with independent members.

• Directors are subject to stock ownership guidelines and anti-hedging/pledging policies.