Curbline Properties : NAREIT Investor Conference June 2025

Published: 2025-06-03 09:41:08 ET CURB

Published on 06/03/2025 at 09:41

CURBLINE PROPERTIES:

NAREIT REITWEEK INVESTOR CONFERENCE

JUNE 3, 2025

Curbline is a differentiated company focused exclusively on convenience properties located on the curbline in the wealthiest submarkets in the United States. The Company's 3M SF portfolio of convenience real estate concentrated in the top suburban U.S. submarkets has been screened and curated based on demographics, credit profile, mark-to-market and cash flow growth.

Significant Addressable Market Opportunity

Significant addressable market opportunity with over 68,000 convenience centers in the United States

Acquired 41 properties for $389M since October 1, 2024 spin-off1

Almost $500M of additional properties under contract or awarded with executed LOI

Demand for space and

limited capital needs driving NOI and cash flow growth

Total portfolio NOI growth of +30.0% and Same Property NOI growth of

+5.8% in 2024

Capex has averaged just 7% of NOI over the past 4-years generating substantial free cash flow

Leased rate of 96.0% highlights the strength in demand for available space and the supply and demand imbalance

Unmatched Balance Sheet Positioned to Fund Growth

$1B of liquidity as of March 31, 2025 including $594M of cash and $400M untapped credit facility

Net cash position matches Curbline's balance sheet with its business plan with only $100M of debt outstanding (4.7% GAAP fixed rate)2

Received BBB Investment Grade credit rating from Fitch in May 2025

Note: As of March 31, 2025 unless otherwise noted.

Acquisitions as of May 31, 2025.

As of May 2025.

Unmatched Balance Sheet Capacity

Limited Operating Capital Needs

First Mover Advantage in a Fragmented Market

Scalable Investment Opportunity Set

Innovative

Management Team

COMPONENTS OF GROWTH

Highly Diversified Portfolio by Tenant and Asset

Attractive Leasing Economics

SHOPS AS A % OF ABR

94%

AVERAGE ASSET SIZE (SF)

32k sf

TOP 10 TENANT CONCENTRATION

12.8%

100 300 30

90

250 25

80

70

200 20

60

50 150 15

40

100 10

30

20

50 5

10

0

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BRX

FRT

KIM UE

0

CURB

PECO

REG

KRG

BRX

KIM UE

FRT

0

CURB FRT KRG BRX KIM

REG

PECO UE

SHOP ABR ANCHOR ABR

Source: Company data, as of March 31, 2025.

Disclaimer

Curbline Properties Corp. published this content on June 03, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 03, 2025 at 13:40 UTC.