Curbline Properties (CURB) launches 10M-share forward sale at $31.27 reference; proceeds deferred ~18 months

Filed June 29, 2026 · ~2 min read

Key Changes

• high

  Forward sale structure: 10 million shares (11.5M with greenshoe) sold by forward purchasers now, but company receives no immediate proceeds and issues no shares until physical settlement in approximately 18 months.

  The Offering verify on EDGAR →
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  Offering priced at June 29, 2026 NYSE close of $31.27/share. Upon settlement, share count rises from 114M to 124M shares (8.8% dilution), with net proceeds amount not disclosed in this filing.

  The Offering verify on EDGAR →
• high

  Forward sale price adjusts daily based on floating interest rate (specified rate minus spread) and is reduced by expected dividends; if company elects cash or net share settlement instead of physical settlement, it receives no proceeds and may owe cash or shares to forward purchaser.

  Use of Proceeds verify on EDGAR →