Form 8-K

8-K — Curbline Properties Corp.

Accession: 0001193125-26-183440

Filed: 2026-04-28

Period: 2026-04-28

CIK: 0002027317

SIC: 6500 (REAL ESTATE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — curb-20260428.htm (Primary)

EX-99.1 (curb-ex99_1.htm)

GRAPHIC (img220075523_0.jpg)

GRAPHIC (img220075523_1.jpg)

GRAPHIC (img220075523_2.jpg)

GRAPHIC (img220075523_3.gif)

GRAPHIC (img220075523_4.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: curb-20260428.htm · Sequence: 1

8-K

0002027317false00020273172026-04-282026-04-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 28, 2026

Curbline Properties Corp.

(Exact name of Registrant as Specified in Its Charter)

Maryland

001-42265

93-4224532

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

320 Park Avenue

New York, New York

10022

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (216) 755-5500

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value per share

CURB

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On April 28, 2026, Curbline Properties Corp. (the “Company”) issued a quarterly financial supplement containing financial and property information of the Company (the “Quarterly Supplement”) for the quarter ended March 31, 2026, which includes a News Release containing financial results of the Company. A copy of the Quarterly Supplement is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933 or the Exchange Act, except as shall be set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number Description

99.1

Quarterly financial supplement dated as of March 31, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CURBLINE PROPERTIES CORP.

Date:

April 28, 2026

By:

/s/ Christina M. Yarian

Name: Christina M. Yarian

Title: Senior Vice President and Chief Accounting Officer

EX-99.1

Filename: curb-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

CURBLINE PROPERTIES 1Q26 QUARTERLY FINANCIAL SUPPLEMENT QUARTER ENDED March 31, 2026 Recent Acquisition Southbrook Station, LEANDER, TEXAS

CURBLINE PROPERTIES COMPANY & PORTFOLIO OVERVIEW Curbline Properties is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. $2.7B MARKET CAPITALIZATION 190 PROPERTIES 5.0M GLA THE CURBLINE PORTFOLIO $122K AVERAGE HOUSEHOLD INCOME TOP 5 MSAs by ABR ATLANTA 11% MIAMI 11% PHOENIX 7% HOUSTON 7% ORLANDO 6% THE CURBLINE PORTFOLIO SOUTHEAST 38% SOUTHWEST MOUNTAIN & TEXAS 27% MID-ATLANTIC 10% MIDWEST & NORTHEAST 12% WEST COAST 12% RETAILER MIX LOCAL 29% NATIONAL 71% PROPERTY COMPOSITION ANCHOR 5% SHOP 95% AVERAGE ASSET SIZE 27K SF CURBLINE PROPERTIES INVESTOR RELATIONS DEPARTMENT e: ir@curbline.com w: ir.curbline.com 323 Park Avenue, 27th Floor, New York, NY 10022 3300 Enterprise Pkwy Beachwood, OH 44122 o:216-755-6200 f:216-274-9711 w: curbline.com • NYSE:CURB CURB LISTED NYSE

Curbline Properties Corp.

Table of Contents

Section

Page

Earnings Release & Financial Statements

Press Release

1-8

Company Summary

Portfolio Summary

Capital Structure

Debt Detail

Same Property Metrics

Leasing Summary

Lease Expirations

Top 25 Tenants

Investments

Acquisitions

Reporting Policies and Other

Notable Accounting Policies and Non-GAAP Measures

17-18

For Immediate Release

Curbline Properties Reports First Quarter 2026 Results

New York, New York, April 28, 2026 – Curbline Properties Corp. (NYSE: CURB) (the “Company” or “Curbline”), an owner of convenience centers in suburban, high household income communities, announced today operating results for the quarter ended March 31, 2026. First quarter net income attributable to Curbline was $3.6 million, or $0.03 per diluted share, as compared to net income of $10.6 million, or $0.10 per diluted share, in the year-ago period.

“Curbline’s first quarter results highlight the Company’s strong start to the year with over $140 million of acquisitions, an acceleration in same-property NOI growth from the fourth quarter to 4.8%, and almost $500 million of private placement notes and common equity funded or raised. Given the Company’s outperformance year-to-date, along with a growing investment pipeline, Curbline is raising its full year investment target and OFFO guidance range,” commented David R. Lukes, President and Chief Executive Officer. “Looking forward, we believe Curbline remains uniquely positioned for growth given its differentiated investment focus, the leasing economics of the Company’s property type, and its balance sheet.”

Results for the First Quarter

•

First quarter net income attributable to Curbline was $3.6 million, or $0.3 per diluted share, as compared to net income of $10.6 million, or $0.10 per diluted share, in the year-ago period. The decrease year-over-year was primarily due to a decrease in interest income, an increase in interest expense and an increase in depreciation and amortization expense, partially offset by the impact from asset acquisitions and related increase in net operating income.

•

First quarter operating funds from operations attributable to Curbline (“Operating FFO” or “OFFO”) was $29.9 million, or $0.28 per diluted share, compared to $25.1 million, or $0.24 per diluted share, in the year-ago period. The increase year-over-year was primarily due to the impact from asset acquisitions and related increase in net operating income, partially offset by a decrease in interest income and an increase in interest expense.

Significant First Quarter Activity and Recent Activity

•

During the first quarter, acquired 14 convenience shopping centers for an aggregate price of $142.4 million.

•

In January, funded the remaining $172.0 million of the $200.0 million 2026 senior unsecured notes which the Company agreed to sell in November 2025.

•

In February, sold 9.2 million shares of common stock on a forward basis at a public offering price of $25.50 per share before issuance costs, generating expected gross proceeds before issuance costs of $234.6 million with no shares settled to date.

•

During the first quarter and second quarter to date, sold 2.6 million shares of common stock on a forward basis under its ATM Continuous Equity Program for expected gross proceeds of $61.0 million, with no shares settled to date.

•

In the second quarter to date, acquired eight convenience shopping centers for an aggregate price of $93.8 million.

•

As of March 31, 2026, adjusted for forward equity sales completed year to date, the Company had $676.9 million of cash and capital commitments for future acquisitions, including $305.8 million of cash and $371.1 million of gross proceeds from unsettled forward equity sales.

Key Quarterly Operating Results

•

Reported an increase of 4.8% in same-property net operating income (“SPNOI”) for the three-month period ended March 31, 2026 compared to March 31, 2025.

•

Generated cash new leasing spreads of 20.2% and cash renewal leasing spreads of 7.1%, for the trailing twelve-month period ended March 31, 2026 and cash new leasing spreads of 33.5% and cash renewal leasing spreads of 5.9% for the first quarter of 2026.

•

Generated straight-lined new leasing spreads of 35.9% and straight-lined renewal leasing spreads of 17.1%, for the trailing twelve-month period ended March 31, 2026 and straight-lined new leasing spreads of 55.9% and straight-lined renewal leasing spreads of 14.7% for the first quarter of 2026.

•

Reported a leased rate of 96.3% at March 31, 2026 compared to 96.7% at December 31, 2025 and 96.0% at March 31, 2025.

•

As of March 31, 2026, the Signed Not Opened spread was 220 basis points, representing $8.1 million of annualized base rent.

2026 Guidance

The Company has updated its guidance for net income attributable to Curbline for 2026 to be from $0.29 to $0.36 per diluted share and Operating FFO to be from $1.20 to $1.23. The Company does not include a projection of gains or losses on asset sales, transaction costs or debt extinguishment costs in guidance.

Reconciliation of Net Income Attributable to Curbline to FFO and Operating FFO estimates:

FY 2026E (prior)

Per Share — Diluted

FY 2026E (revised)

Per Share — Diluted

Net income attributable to Curbline

$0.32 — $0.40

$0.29 — $0.36

Depreciation and amortization of real estate, net

0.85 — 0.81

0.90 — 0.86

FFO attributable to Curbline (NAREIT)

$1.17 — $1.21

$1.19 — $1.22

Transaction and other costs, net (reported actual)

N/A

0.01

Operating FFO attributable to Curbline

$1.17 — $1.21

$1.20 — $1.23

About Curbline Properties

Curbline Properties is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. The Company is a self-managed real estate investment trust (“REIT”) that is publicly traded under the ticker symbol “CURB” on the NYSE. Additional information about the Company is available at curbline.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.

Conference Call and Supplemental Information

The Company will hold its quarterly conference call today at 8:00 a.m. Eastern Time. To participate with access to the slide presentation, please visit the Investor Relations portion of Curbline's website, ir.curbline.com, or for audio only, dial 800-715-9871 (U.S.) or 646-307-1963 (international) using pass code 6823859 at least ten minutes prior to the scheduled start of the call. The call will also be webcast and available in a listen-only mode on Curbline's website at ir.curbline.com. If you are unable to participate during the live call, a replay of the conference call will also be available at ir.curbline.com for further review. You may also access the telephone replay by dialing 800-770-2030 or 609-800-9909 (international) using passcode 6823859 through May 5, 2026. Copies of the Company’s supplemental package and earnings slide presentation are available on the Company’s website.

Non-GAAP Measures and Other Operational Metrics

Funds from Operations (“FFO”) is a supplemental non-GAAP financial measure used as a standard in the real estate industry and is a widely accepted measure of REIT performance. The Company believes that both FFO and Operating FFO provide additional indicators of the financial performance of a REIT, more appropriately measure the core operations of the Company, and provide benchmarks to its peer group.

FFO is generally defined and calculated by the Company as net income attributable to Curbline (computed in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”)), adjusted to exclude (i) gains and losses from disposition of real estate property, which are presented net of taxes, (ii) impairment charges on real estate property, (iii) gains and losses from changes in control and (iv) certain non-cash items. These non-cash items principally include real property depreciation and amortization of intangibles net of depreciation allocated to non-controlling interests. The Company’s calculation of FFO is consistent with the definition of FFO provided by NAREIT. The Company calculates Operating FFO as FFO excluding certain non-operating charges, income and gains/losses. Operating FFO is useful to investors as the Company removes non-comparable charges, income and gains/losses to analyze the results of its operations and assess performance of the core operating real estate portfolio. Other real estate companies may calculate FFO and Operating FFO in a different manner.

In calculating the expected range for or amount of net income attributable to Curbline to estimate projected FFO and Operating FFO for future periods, the Company does not include a projection of gains and losses from the disposition of real

estate property, potential impairments and reserves of real estate property, debt extinguishment costs and certain transaction costs. Other real estate companies may calculate expected FFO and Operating FFO in a different manner.

The Company also uses net operating income (“NOI”), a non-GAAP financial measure, as a supplemental performance measure. NOI is calculated as property revenues less property-related expenses and excludes depreciation and amortization expense, interest income and expense and corporate level transactions. The Company believes NOI provides useful information to investors regarding the Company’s financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level and, when compared across periods, reflects the impact on operations from trends in occupancy rates, rental rates, operating costs and acquisition and disposition activity on an unleveraged basis.

The Company presents NOI information herein on a same-property basis (“SPNOI”). The Company defines SPNOI as property revenues less property-related expenses, which excludes depreciation and amortization expense, interest income and expense and corporate level transactions, as well as straight-line rental income and reimbursements and expenses, lease termination income, management fee expense and fair market value of leases. SPNOI only includes assets owned for the entirety of both comparable periods. Other real estate companies may calculate NOI and SPNOI in a different manner. The Company believes SPNOI provides investors with additional information regarding the operating performance of comparable assets because it excludes certain non-cash and non-comparable items as noted above.

FFO, Operating FFO, NOI and SPNOI do not represent cash generated from operating activities in accordance with GAAP, are not necessarily indicative of cash available to fund cash needs and should not be considered as alternatives to net income computed in accordance with GAAP, as indicators of the Company’s operating performance or as alternatives to cash flow as a measure of liquidity. Reconciliations of these non-GAAP measures to their most directly comparable GAAP measures have been provided herein.

The Company calculates Cash Leasing Spreads by comparing the prior tenant's annual base rent in the final year of the prior lease to the executed tenant’s annual base rent in the first year of the executed lease. Straight-Lined Leasing Spreads are calculated by comparing the prior tenant’s average base rent over the prior lease term to the executed tenant’s average base rent over the term of the executed lease. For both Cash and Straight-Lined Leasing Spreads, the reported calculation excludes first generation units and spaces vacant at the time of acquisition and includes all leases for spaces vacant greater than twelve months along with split and combination deals.

Safe Harbor

Curbline Properties Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact, including statements regarding the Company’s projected operational and financial performance, strategy, prospects and plans, may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, changes in the economic performance and value of the Company’s properties as a result of broad economic and local conditions, such as inflation, interest rate volatility and market reaction to tariffs and other trade policies; changes in local conditions such as an increase or decrease in the supply of, or demand for, retail real estate space in our geographic markets; the impact of changes in consumer trends, distribution channels, suburban population, retailing practices and the space needs of tenants; our dependence on rental income which depends on the successful operations and financial condition of tenants, the loss of which, including as a result of store closures or bankruptcy, could result in significant occupancy loss and negatively impact rental income from our properties; our ability to enter into new leases and renew existing leases, in each case, on favorable terms; our ability to identify, acquire, construct or develop additional properties that produce the cash flows that we expect and may be limited by competitive pressures, and our ability to manage our growth effectively and capture the efficiencies of scale that we expect from expansion; potential environmental liabilities; our ability to secure debt and equity financing on commercially acceptable terms or at all; the illiquidity of real estate investments which could limit our ability to make changes to our portfolio to respond to economic or other conditions; property damage, expenses related thereto and other business and economic consequences (including the potential loss of rental revenues) resulting from natural disasters, public health crises and weather-related factors in locations where we own properties, the ability to estimate accurately the amounts thereof and the sufficiency and timing of any insurance recovery payments related to such damages; any change in strategy; the effect of future offerings of debt and equity securities on the value of our common stock; any disruption, failure or breach of the networks or systems on which the Company relies, including as a result of cyber-attacks; impairment in the value of real estate property that we own; changes in tax laws impacting REITs and real estate in general, as well as our ability to maintain our REIT status; our ability to retain and attract key management personnel; and the finalization of the financial

statements for the quarter ended March 31, 2026. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s most recent Annual Report on Form 10-K under “Item 1A. Risk Factors” and our subsequent reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Curbline Properties Corp.

Income Statement

in thousands, except per share

1Q26

1Q25

Revenues:

Rental income (1)

$57,671

$38,438

Other property revenues

316

257

57,987

38,695

Expenses:

Operating and maintenance

7,808

5,402

Real estate taxes

7,276

4,821

15,084

10,223

Net operating income

42,903

28,472

Other income (expense):

Interest expense

(7,888)

(567)

Interest income

2,908

5,653

Depreciation and amortization

(25,659)

(14,463)

General and administrative (2)

(9,623)

(8,928)

Other income (expense), net (3)

996

458

Gain on disposition of real estate, net

Income before taxes

3,637

10,667

Tax expense

(69)

(105)

Net income

3,568

10,562

Non-controlling interests

(5)

(12)

Net income attributable to Curbline

$3,563

$10,550

Weighted average shares – Basic – EPS

105,085

104,912

Assumed conversion of diluted securities

1,299

225

Weighted average shares – Diluted – EPS

106,384

105,137

Earnings per share of common stock – Basic

$0.03

$0.10

Earnings per share of common stock – Diluted

$0.03

$0.10

(1)

Rental income:

Minimum rents

$36,157

$23,229

Ground lease minimum rents

3,865

3,204

Straight-line rent, net

1,230

661

Amortization of (above)/below-market rent, net

1,677

930

Percentage and overage rent

134

Recoveries

14,779

9,450

Uncollectible revenue

(418)

(219)

Ancillary and other rental income

247

236

Lease termination fees

854

(2)

SITE SSA gross up

($1,763)

($631)

(3)

Other income (expense), net:

Transaction costs

($767)

($173)

SITE SSA gross up

1,763

631

Curbline Properties Corp.

Reconciliation: Net Income to FFO and Operating FFO

and Other Financial Information

in thousands, except per share

1Q26

1Q25

Net income attributable to Curbline

$3,563

$10,550

Depreciation and amortization of real estate, net of non-controlling interests

25,617

14,446

Gain on disposition of real estate, net of non-controlling interests

(42)

FFO attributable to Curbline

$29,180

$24,954

Transaction costs, net of non-controlling interests

765

173

Operating FFO attributable to Curbline

$29,945

$25,127

Weighted average shares & units – Basic: FFO & OFFO

105,085

104,912

Assumed conversion of dilutive securities

1,299

225

Weighted average shares & units – Diluted: FFO & OFFO

106,384

105,137

FFO per share – Basic

$0.28

$0.24

FFO per share – Diluted

$0.27

$0.24

Operating FFO per share – Basic

$0.28

$0.24

Operating FFO per share – Diluted

$0.28

$0.24

Capital expenditures and certain non-cash items:

Maintenance capital expenditures

$381

$10

Tenant allowances and landlord work, net

1,870

802

External leasing commissions, net

453

479

Loan cost amortization

(573)

(253)

Stock compensation expense

(2,971)

(3,594)

Curbline Properties Corp.

Balance Sheet

$ in thousands

1Q26

4Q25

Assets:

Land

$802,068

$759,267

Buildings

1,389,994

1,304,288

Fixtures and tenant improvements

111,983

107,013

2,304,045

2,170,568

Accumulated depreciation

(223,132)

(209,429)

2,080,913

1,961,139

Construction in progress and land

34,914

27,355

Real estate, net

2,115,827

1,988,494

Cash

305,778

289,553

Receivables and straight-line rents (1)

24,156

22,514

Amounts receivable from SITE Centers

15,930

21,457

Intangible assets, net (2)

140,022

137,513

Other assets, net (3)

19,386

10,259

Total Assets

2,621,099

2,469,790

Liabilities and Equity:

Revolving credit facilities

Unsecured debt

595,503

423,239

595,503

423,239

Dividends payable

18,922

20,872

Other liabilities (4)

107,407

112,209

Total Liabilities

721,832

556,320

Common stock

1,055

1,054

Paid-in capital

1,956,479

1,958,845

Distributions in excess of net income

(60,514)

(46,100)

Accumulated comprehensive loss

(2,841)

(4,606)

Non-controlling interest

5,088

4,277

Total Equity

1,899,267

1,913,470

Total Liabilities and Equity

$2,621,099

$2,469,790

(1)

Straight-line rents (including fixed CAM), net

$15,175

$13,929

(2)

Below-market leases (as lessee), net

14,771

14,788

(3)

Acquisition escrow deposits

9,541

3,258

(4)

Below-market leases, net

67,689

66,698

Curbline Properties Corp.

Reconciliation of Net Income Attributable to Curbline to Same-Property NOI

$ in thousands

1Q26

1Q25

GAAP Reconciliation:

Net income attributable to Curbline

$3,563

$10,550

Interest expense

7,888

567

Interest income

(2,908)

(5,653)

Depreciation and amortization

25,659

14,463

General and administrative

9,623

8,928

Other expense (income), net

(996)

(458)

Gain on disposition of real estate, net

(42)

Tax expense

105

Non-controlling interests

Total Curbline NOI

42,903

28,472

Less: Non-Same Property NOI

(15,901)

(2,705)

Total Same-Property NOI

$27,002

$25,767

Total Curbline NOI % Change

50.7%

Same-Property NOI % Change

4.8%

Curbline Properties Corp.

Portfolio Summary

3/31/2026

12/31/2025

9/30/2025

6/30/2025

3/31/2025

Quarterly Operational Overview

Properties

190

176

162

125

107

Owned GLA

4,559

4,323

3,984

3,212

2,933

Ground lease GLA

481

477

488

477

452

Total GLA

5,040

4,800

4,472

3,689

3,385

Base Rent PSF

$34.91

$34.52

$34.38

$35.26

$35.14

Commenced Rate

94.1%

93.9%

93.5%

Leased Rate

96.3%

96.7%

96.1%

96.0%

Quarterly SPNOI

4.8%

1.5%

2.6%

6.2%

2.5%

TTM New Leasing (GLA in 000's)

105

128

115

TTM Renewals (GLA in 000's)

328

286

264

216

253

TTM Total Leasing (GLA in 000's)

433

414

379

289

347

TTM Cash New Rent Spreads

20.2%

19.4%

20.2%

15.3%

27.8%

TTM Cash Renewal Rent Spreads

7.1%

8.0%

9.1%

8.5%

10.5%

TTM Cash Blended New and Renewal Rent Spreads

10.3%

11.5%

12.6%

10.4%

14.2%

TTM Straight-Lined New Rent Spreads

35.9%

34.6%

36.2%

33.0%

47.7%

TTM Straight-Lined Renewal Rent Spreads

17.1%

18.3%

19.0%

18.1%

21.2%

TTM Straight-Lined Blended New and Renewal Rent Spreads

21.7%

23.4%

24.5%

22.4%

26.9%

Top 20 MSAs

MSA

Properties

GLA

% of GLA

ABR

% of ABR

ABR PSF

Atlanta-Sandy Springs-Roswell, GA

648

12.9%

$18,180

11.0%

$29.69

Miami-Fort Lauderdale-West Palm Beach, FL

504

10.0%

18,112

11.0%

$37.34

Phoenix-Mesa-Scottsdale, AZ

312

6.2%

12,102

7.3%

$39.87

Houston-The Woodlands-Sugar Land, TX

324

6.4%

11,905

7.2%

$39.55

Orlando-Kissimmee-Sanford, FL

236

4.7%

9,406

5.7%

$41.10

San Francisco-Oakland-Hayward, CA

141

2.8%

6,741

4.1%

$57.15

Jacksonville, FL

235

4.7%

6,270

3.8%

$28.68

Charlotte-Concord-Gastonia, NC-SC

241

4.8%

5,802

3.5%

$25.50

Denver-Aurora-Lakewood, CO

161

3.2%

5,572

3.4%

$37.73

Tampa-St. Petersburg-Clearwater, FL

128

2.5%

4,459

2.7%

$38.51

Los Angeles-Long Beach-Anaheim, CA

119

2.4%

4,165

2.5%

$38.50

Colorado Springs, CO

139

2.8%

3,942

2.4%

$33.18

Sacramento-Roseville-Arden-Arcade, CA

104

2.1%

3,867

2.3%

$39.93

Dallas-Fort Worth-Arlington, TX

127

2.5%

3,516

2.1%

$31.18

Austin-Round Rock, TX

100

2.0%

3,515

2.1%

$36.12

Cleveland-Elyria, OH

1.8%

3,200

1.9%

$36.47

Columbus, OH

1.6%

2,994

1.8%

$36.39

Washington-Arlington-Alexandria, DC-VA-MD-WV

1.2%

2,792

1.7%

$47.57

Chicago-Naperville-Elgin, IL-IN-WI

109

2.2%

2,628

1.6%

$25.14

Trenton, NJ

1.2%

1,903

1.2%

$30.64

Other

1,117

22.2%

34,024

20.6%

$32.66

Total

190

5,040

100.0%

$165,095

100.0%

$34.91

Note: $ and GLA in thousands except property count and base rent PSF.

Curbline Properties Corp.

Capital Structure

$, shares and units in thousands, except per share

March 31, 2026

December 31, 2025

Market Value Per Share

$25.79

$23.21

Common Stock

105,538

105,368

Common Units

Total Common Stock and Units

105,578

105,397

Total Equity Market Capitalization

$2,722,857

$2,446,264

Unsecured Revolver

Unsecured Term Loans

250,000

Unsecured Notes Payable

350,000

178,000

Total Debt

600,000

428,000

Less: Cash(1)

305,778

289,553

Net Debt

294,222

138,447

Total Enterprise Value

$3,017,079

$2,584,711

(1) Excludes $9.5 million and $3.3 million of acquisition escrow deposits as of March 31, 2026 and December 31, 2025, respectively.

Unsecured Debt Covenants

Consolidated Outstanding Indebtedness Net of Restricted Cash

595,503

423,239

Consolidated Market Value

2,871,387

2,707,669

Consolidated Outstanding Indebtedness Ratio

21%

16%

Covenant

60%

Consolidated Secured Indebtedness Net of Restricted Cash Collateral

Consolidated Market Value

2,871,387

2,707,669

Consolidated Secured Indebtedness Ratio

Covenant

35%

Value of Unencumbered Assets

2,871,387

2,707,669

Consolidated Outstanding Unsecured Indebtedness Net of Restricted Cash

595,503

423,239

Unencumbered Asset Ratio

4.8X

6.4X

Covenant

1.7X

Consolidated Cash Flow

134,132

124,779

Fixed Charges

18,458

11,400

Fixed Charge Ratio

7.3X

10.9X

Covenant

1.5X

Unencumbered Adjusted NOI

120,969

112,286

Consolidated Unsecured Interest Expense

17,693

10,669

Unencumbered NOI Coverage Ratio

6.8X

10.5X

Covenant

1.8X

Credit Ratings (Outlook)

Fitch

BBB (Stable)

Curbline Properties Corp.

Debt Detail

$ in thousands

Balance

Maturity

Date(1)

Interest

Rate(2)

Bank Debt

Unsecured Revolver ($400m)

Sep-29

SOFR+0.85%

Unsecured Term Loan ($100m)

100,000

Oct-29

4.53%

Unsecured Term Loan ($150m)

150,000

Jan-31

4.61%

$250,000

Unsecured Debt

Unsecured Notes - 2030

100,000

Sep-30

5.58%

Unsecured Notes - 2031

50,000

Jan-31

5.06%

Unsecured Notes - 2032

50,000

Sep-32

5.79%

Unsecured Notes - 2033

150,000

Jan-33

5.31%

$350,000

Subtotal Debt

$600,000

5.07%

Unamortized Loan Costs, Net

(4,497)

Total Debt

$595,503

Maturity Schedule(1)

Secured

Unsecured

Total

Interest

Rate(2)

2026

2027

2028

2029

100,000

4.53%

2030

100,000

5.58%

2031

200,000

4.72%

2032

50,000

5.79%

2033

150,000

5.31%

2034 and beyond

Total

$600,000

5.07%

(1) Maturity dates assumed all borrower extension options are exercised.

(2) Rate excludes loan fees and unamortized loan costs. Interest rates are shown at hedged all-in rates where applicable.

Curbline Properties Corp.

Same Property Metrics

Same-Property Net Operating Income(1)

Quarterly Same-Property NOI

1Q26

1Q25

Change

Same Property - Leased rate

96.2%

96.0%

0.2%

Same Property - Commenced rate

93.7%

93.5%

0.2%

Revenues:

Minimum rents

$26,656

$25,761

Recoveries

9,172

9,053

Uncollectible revenue

(105)

(221)

Percentage and overage rents

134

Ancillary and other rental income

488

490

36,345

35,176

3.3%

Expenses:

Operating and maintenance

(4,727)

(4,906)

Real estate taxes

(4,616)

(4,503)

(9,343)

(9,409)

(0.7%)

Total Comparable SPNOI

$27,002

$25,767

4.8%

Non-Same Property NOI

15,901

2,705

Total Curbline NOI

$42,903

$28,472

50.7%

Same Property NOI Operating Margin

74.3%

73.3%

Same Property NOI Recovery Rate

98.2%

96.2%

(1) See the definition in the Notable Accounting Policies and Non-GAAP Measures section and the GAAP reconciliation on page 8.

Curbline Properties Corp.

Leasing Summary

Leasing Activity

Net Effective Rents

Comparable Pool

Total Pool

CapEx PSF

Count

GLA

ABR

PSF

Cash

Straight-

lined

Count

GLA

ABR

PSF

Term

GLA

ABR

PSF

TA & LL

Total

NER

PSF

Term

New Leases

1Q26

10,377

$41.95

33.5%

55.9%

16,768

$39.10

9.1

15,538

$42.67

$4.46

$2.44

$6.90

$35.77

9.1

4Q25

20,651

$35.67

12.6%

26.2%

32,547

$36.66

8.1

29,944

$39.31

$5.26

$2.19

$7.45

$31.86

7.9

3Q25

49,186

$38.60

26.9%

39.7%

66,684

$37.20

9.7

29,063

$40.72

$4.24

$1.89

$6.13

$34.59

9.3

2Q25

24,543

$44.01

10.6%

29.5%

45,881

$40.03

11.6

26,845

$48.45

$4.43

$2.85

$7.28

$41.17

9.0

104,757

$39.62

20.2%

35.9%

161,880

$38.09

9.8

101,390

$42.65

$4.63

$2.32

$6.95

$35.70

8.8

Renewals

1Q26

127,791

$33.14

5.9%

14.7%

127,791

$33.14

5.2

127,791

$34.46

$0.00

$34.46

5.2

4Q25

67,446

$37.32

4.7%

15.2%

67,446

$37.32

5.3

67,446

$39.33

$0.09

$0.00

$0.09

$39.24

5.3

3Q25

86,417

$34.88

10.3%

20.5%

86,417

$34.88

6.7

86,417

$37.20

$0.37

$0.14

$0.51

$36.69

6.7

2Q25

46,199

$34.47

8.3%

20.0%

47,599

$35.53

5.3

46,199

$36.53

$0.00

$36.53

5.5

143

327,853

$34.65

7.1%

17.1%

144

329,253

$34.80

5.6

327,853

$36.48

$0.12

$0.04

$0.16

$36.32

5.7

New + Renewals

1Q26

138,168

$33.80

7.9%

17.8%

144,559

$33.83

5.7

143,329

$35.35

$0.78

$0.43

$1.21

$34.14

5.6

4Q25

88,097

$36.94

6.4%

17.6%

99,993

$37.11

6.2

97,390

$39.33

$2.15

$0.87

$3.02

$36.31

6.1

3Q25

135,603

$36.23

16.2%

27.4%

153,101

$35.89

8.0

115,480

$38.08

$1.60

$0.69

$2.29

$35.79

7.4

2Q25

70,742

$37.78

9.2%

23.9%

93,480

$37.74

8.4

73,044

$40.91

$2.17

$1.39

$3.56

$37.35

6.8

185

432,610

$35.85

10.3%

21.7%

209

491,133

$35.88

7.0

429,243

$37.93

$1.55

$0.76

$2.31

$35.62

6.4

Leasing Spreads

•

Cash Leasing Spreads are calculated by comparing the prior tenant’s annual base rent in the final year of the prior lease to the executed tenant’s annual base rent in the first year of the executed lease.

•

Straight-Lined Leasing Spreads are calculated by comparing the prior tenant’s average base rent over the prior lease term to the executed tenant’s average base rent over the term of the executed lease.

•

Both Cash and Straight-Lined Leasing spreads include leases vacant greater than twelve months along with split and combination deals and exclude first generation units and units vacant at the time of acquisition.

Net Effective Rents

•

Net effective rents are calculated as the weighted average base rent per rentable square foot over the lease term less all costs associated with leasing the space including landlord work which represents property level improvements associated with the lease transaction. Excludes first generation space.

Curbline Properties Corp.

Lease Expiration Schedule

$ and GLA in thousands

Year

# of

Leases

Expiring

% of SF

Total

ABR

% of ABR

Total

Rent

PSF

MTM

1.3%

$2,269

1.4%

$36.60

2026

104

223

4.7%

7,196

4.4%

$32.27

2027

221

523

11.1%

18,392

11.1%

$35.17

2028

276

761

16.1%

25,100

15.2%

$32.98

2029

214

508

10.7%

17,091

10.4%

$33.64

2030

205

552

11.7%

19,319

11.7%

$35.00

2031

164

419

8.9%

14,026

8.5%

$33.47

2032

130

371

7.8%

13,670

8.3%

$36.85

2033

122

360

7.6%

12,764

7.7%

$35.46

2034

129

361

7.6%

13,803

8.4%

$38.24

2035

100

261

5.5%

10,167

6.2%

$38.95

Thereafter

328

6.9%

11,298

6.8%

$34.45

Total

1,766

4,729

100.0%

$165,095

100.0%

$34.91

Note: Before exercise of any lease options; includes ground leases.

Curbline Properties Corp.

Top 25 Tenants

$ and GLA in thousands

Tenant

Units

Base Rent

% of Total

GLA

% of Total

Starbucks

$4,152

2.5%

1.4%

Verizon

2,746

1.7%

1.3%

Inspire Brands (1)

2,169

1.3%

1.2%

JAB Holding (2)

2,016

1.2%

1.0%

Chipotle

1,934

1.2%

0.9%

Somnigroup (Mattress Firm)

1,787

1.1%

1.0%

AT&T

1,704

1.0%

Darden (3)

1,621

1.0%

1.1%

JPMorgan Chase

1,540

0.9%

0.7%

T-Mobile

1,397

0.8%

0.7%

AFC Urgent Care

1,354

0.8%

0.9%

Total Wine & More

1,345

0.8%

1.0%

Five Guys

1,291

0.8%

0.6%

Restaurant Brands International (4)

1,236

0.7%

0.8%

FedEx Office

1,232

0.7%

Jersey Mike's

1,125

0.7%

Cracker Barrel (5)

1,083

0.7%

0.8%

GoTo Foods (6)

1,082

0.7%

Chick-Fil-A

1,057

0.6%

Self Esteem Brands (7)

1,028

0.6%

0.7%

Brinker (Chili's)

1,018

0.6%

0.7%

First Watch Restaurant Group

983

0.6%

0.5%

Amwins Insurance

959

0.6%

0.3%

Wells Fargo

945

0.6%

0.4%

Nordstrom Rack

867

0.5%

0.6%

Top 25 Total

316

$37,671

22.8%

1,009

20.0%

Total Portfolio

$165,095

100.0%

5,040

100.0%

(1) Dunkin (13) / Jimmy John's (11) / Buffalo Wild Wings (5) / Baskin Robbins (1)

(2) Panera Bread (9) / Einstein Bros. Bagels (6) / Bruegger's Bagels (2)

(3) Longhorn Steakhouse (4) / Olive Garden (3) / Chuy's (1)

(4) Firehouse Subs (11) / Popeye's Chicken (4) / Burger King (2)

(5) Cracker Barrel (3) / Maple Street Biscuit (3)

(6) Moe's Southwest Grill (5) / McAlister's Deli (4) / Jamba Juice (3) / / Schlotzsky's Deli (1)

(7) Orangetheory Fitness (8) / Waxing the City (3) / Base Camp Fitness (1)

Curbline Properties Corp.

Acquisitions

$ and GLA in thousands

Property Name

MSA

GLA

Price

01/22/26

Village at Research Park

Charlotte-Concord-Gastonia, NC-SC

$10,150

01/23/26

Shops at Dublin Commons

Colorado Springs, CO

20,500

02/04/26

Canyon Springs Station

Riverside-San Bernardino-Ontario, CA

4,890

02/04/26

Corner at Towne Lake

Atlanta-Sandy Springs-Roswell, GA

3,950

02/13/26

Cypress Creek Corner

Houston-The Woodlands-Sugar Land, TX

27,000

02/13/26

Southbrook Station

Austin-Round Rock, TX

25,750

02/20/26

Centennial Place Shops

Milwaukee-Waukesha-West Allis, WI

4,950

02/25/26

Augusta Crossing

Chicago-Naperville-Elgin, IL-IN-WI

5,900

02/26/26

Spalding Station

Atlanta-Sandy Springs-Roswell, GA

3,000

02/26/26

Shops at Avalon Chase

Orlando-Kissimmee-Sanford, FL

5,275

03/12/26

Corner at Arapahoe Plaza

Denver-Aurora-Lakewood, CO

4,925

03/13/26

Promenade Shoppes at Pine Gardens

Miami-Fort Lauderdale-West Palm Beach, FL

12,900

03/17/26

Mission Bend Plaza

Houston-The Woodlands-Sugar Land, TX

3,500

03/27/26

Bald Hill Corner

Providence-Warwick, RI-MA

9,734

1Q 2026 Total

238

$142,424

04/07/26

Village at Arbor Lakes

Minneapolis-St. Paul-Bloomington, MN-WI

$28,000

04/16/26

Arroyo Ridge Shoppes

Las Vegas-Henderson-Paradise, NV

18,000

04/20/26

5-Property Portfolio

Various

41,085

04/23/26

Tech Plaza

Athens-Clarke County, GA

6,675

2Q 2026 QTD

188

$93,760

2026 YTD

426

$236,184

Curbline Properties Corp.

Notable Accounting Policies and Non-GAAP Measures

The information contained in the Quarterly Financial Supplement does not purport to disclose all items required by the accounting principles generally accepted in the United States of America (“GAAP”) and is unaudited information. The Company’s Quarterly Financial Supplement should be read in conjunction with the Company’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

Performance Measures

FFO and Operating FFO

The Company believes that Funds from Operations (“FFO”) and Operating FFO, both non-GAAP financial measures, provide additional and useful means to assess the financial performance of REITs. FFO and Operating FFO are frequently used by the real estate industry, as well as securities analysts, investors and other interested parties, to evaluate the performance of REITs. The Company also believes that FFO and Operating FFO more appropriately measure the core operations of the Company and provide benchmarks to its peer group.

FFO excludes GAAP historical cost depreciation and amortization of real estate and real estate investments, which assume that the value of real estate assets diminishes ratably over time. Historically, however, real estate values have risen or fallen with market conditions, and many companies use different depreciable lives and methods. Because FFO excludes depreciation and amortization unique to real estate and gains and losses from property dispositions, it can provide a performance measure that, when compared year over year, reflects the impact on operations from trends in occupancy rates, rental rates, operating costs, interest costs and acquisition, disposition and development activities. This provides a perspective of the Company’s financial performance not immediately apparent from net income determined in accordance with GAAP.

FFO is generally defined and calculated by the Company as net income attributable to Curbline (computed in accordance with GAAP), adjusted to exclude (i) gains and losses from disposition of real estate property, which are presented net of taxes, (ii) impairment charges on real estate property, (iii) gains and losses from changes in control and (iv) certain non-cash items. These non-cash items principally include real property depreciation and amortization of intangibles net of depreciation allocated to non-controlling interests. The Company’s calculation of FFO is consistent with the definition of FFO provided by NAREIT.

The Company believes that certain charges, income and gains/losses recorded in its operating results are not comparable or reflective of its core operating performance. Operating FFO is useful to investors as the Company removes non-comparable charges, income and gains to analyze the results of its operations and assess performance of the core operating real estate portfolio. As a result, the Company also computes Operating FFO and discusses it with the users of its financial statements, in addition to other measures such as net income (loss) determined in accordance with GAAP and FFO. Operating FFO is generally defined and calculated by the Company as FFO excluding certain charges, income and gains/losses that management believes are not comparable and indicative of the results of the Company’s operating real estate portfolio. Such adjustments include gains/losses on the early extinguishments of debt, transaction costs and other restructuring type costs, including employee separation costs. The disclosure of these adjustments is regularly requested by users of the Company’s financial statements. The adjustment for these charges, income and gains/losses may not be comparable to how other REITs or real estate companies calculate their results of operations, and the Company’s calculation of Operating FFO differs from NAREIT’s definition of FFO. Additionally, the Company provides no assurances that these charges, income and gains/losses are non-recurring. These charges, income and gains/losses could be reasonably expected to recur in future results of operations.

These measures of performance are used by the Company for several business purposes and by other REITs. The Company uses FFO and/or Operating FFO in part (i) as a disclosure to improve the understanding of the Company’s operating results among the investing public, (ii) as a measure of a real estate asset’s performance, (iii) to influence acquisition, disposition and capital investment strategies and (iv) to compare the Company’s performance to that of other publicly traded shopping center REITs. For the reasons described above, management believes that FFO and Operating FFO provide the Company and investors with an important indicator of the Company’s operating performance. They provide recognized measures of performance other than GAAP net income, which may include non-cash items (often significant).

disposition of real estate property, potential impairments and reserves of real estate property, debt extinguishment costs or transaction costs. Other real estate companies may calculate expected FFO and Operating FFO in a different manner.

Management recognizes the limitations of FFO and Operating FFO when compared to GAAP’s net income. FFO and Operating FFO do not represent amounts available for dividends, capital replacement or expansion, debt service obligations or other commitments and uncertainties. Management does not use FFO or Operating FFO as an indicator of the Company’s cash obligations and funding requirements for future commitments, acquisitions or development activities. Neither FFO nor Operating FFO represents cash generated from operating activities in accordance with GAAP, and neither is necessarily indicative of cash available to fund cash needs. Neither FFO nor Operating FFO should be considered an alternative to net income (computed in accordance with GAAP) or as an alternative to cash flow as a measure of liquidity. FFO and Operating FFO are simply used as additional indicators of the Company’s operating performance. The Company believes that to further understand its performance, FFO and Operating FFO should be compared with the Company’s reported net income (loss) and considered in addition to cash flows determined in accordance with GAAP, as presented in its condensed financial statements. Reconciliations of these measures to their most directly comparable GAAP measure of net income (loss) have been provided herein.

Net Operating Income (“NOI”) and Same-Property Net Operating Income (“SPNOI”)

The Company uses NOI, which is a non-GAAP financial measure, as a supplemental performance measure. NOI is calculated as property revenues less property-related expenses and excludes depreciation and amortization expense, interest income and expense and corporate level transactions. The Company believes NOI provides useful information to investors regarding the Company’s financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level and, when compared across periods, reflects the impact on operations from trends in occupancy rates, rental rates, operating costs and acquisition and disposition activity on an unleveraged basis.

The Company also presents NOI information on a same-property basis, or SPNOI. The Company defines SPNOI as property revenues less property-related expenses, which excludes depreciation and amortization expense, interest income and expense and corporate level transactions, as well as straight-line rental income and reimbursements and expenses, lease termination income, management fee expense and fair market value of leases. SPNOI only includes assets owned for the entirety of both comparable periods. Other real estate companies may calculate NOI and SPNOI in a different manner. The Company believes SPNOI provides investors with additional information regarding the operating performance of comparable assets because it excludes certain non-cash and non-comparable items as noted above. SPNOI is frequently used by the real estate industry, as well as securities analysts, investors and other interested parties, to evaluate the performance of REITs.

SPNOI is not, and is not intended to be, a presentation in accordance with GAAP. SPNOI information has its limitations as it excludes any capital expenditures associated with the re-leasing of tenant space or as needed to operate the assets. SPNOI does not represent amounts available for dividends, capital replacement or expansion, debt service obligations or other commitments and uncertainties. Management does not use SPNOI as an indicator of the Company’s cash obligations and funding requirements for future commitments, acquisitions or development activities. SPNOI does not represent cash generated from operating activities in accordance with GAAP and is not necessarily indicative of cash available to fund cash needs. SPNOI should not be considered as an alternative to net income (computed in accordance with GAAP) or as an alternative to cash flow as a measure of liquidity. A reconciliation of NOI and SPNOI to its most directly comparable GAAP measure of net income (loss) has been provided herein.

CURBLINE PROPERTIES INVESTOR RELATIONS DEPARTMENT e: ir@curbline.com w: curbline.com 320 Park Avenue, 27th Floor, New York, NY 10022; 3300 Enterprise Pkwy Beachwood, OH 44122 tf: 833-610-0761 p:216-755-6200 f:216-274-9711 • NYSE:CURB CURB LISTED NYSE

GRAPHIC

Filename: img220075523_0.jpg · Sequence: 3

Binary file (870495 bytes)

Download img220075523_0.jpg

GRAPHIC

Filename: img220075523_1.jpg · Sequence: 4

Binary file (216511 bytes)

Download img220075523_1.jpg

GRAPHIC

Filename: img220075523_2.jpg · Sequence: 5

Binary file (73350 bytes)

Download img220075523_2.jpg

GRAPHIC

Filename: img220075523_3.gif · Sequence: 6

Binary file (1261 bytes)

Download img220075523_3.gif

GRAPHIC

Filename: img220075523_4.jpg · Sequence: 7

Binary file (59180 bytes)

Download img220075523_4.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 10

v3.26.1

Document And Entity Information

Apr. 28, 2026

Cover [Abstract]

Document Type

8-K

Amendment Flag

false

Document Period End Date

Apr. 28, 2026

Entity Registrant Name

Curbline Properties Corp.

Entity Central Index Key

0002027317

Entity Emerging Growth Company

false

Entity File Number

001-42265

Entity Incorporation, State or Country Code

Entity Tax Identification Number

93-4224532

Entity Address, Address Line One

320 Park Avenue

Entity Address, City or Town

New York

Entity Address, State or Province

Entity Address, Postal Zip Code

10022

City Area Code

(216)

Local Phone Number

755-5500

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, $0.01 par value per share

Trading Symbol

CURB

Security Exchange Name

NYSE

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration