07:07 AM EDT, 10/01/2024 (MT Newswires) -- Site Centers ( SITC/WI ) said Tuesday that it has completed the spin-off of Curbline Properties, which owns convenience shopping centers.

The company said its shareholders received two shares of Curbline common stock for every one share of Site held on Sept. 23.

Curbline is now an independent, publicly traded company that will immediately start trading on the New York Stock Exchange under the ticker symbol "CURB," the company added.

Site shares were up nearly 55% in recent premarket activity.

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