Curbline Properties Unveils Tax Details for 2024 Dividends

Author: Dylan Bailey Updated: 01-28-2025 04:18 PM

Understanding Curbline Properties' 2024 Dividend Tax Allocations

Curbline Properties Corp. (NYSE: CURB), a prominent player in the convenience shopping center sector, recently shared important information regarding the tax allocations related to its common stock dividends for the year 2024. Known for operating shopping centers located strategically along busy intersections, Curbline caters to high-income communities, making its tax distribution details critical for stockholders.

Tax Allocation Summary for Shareholders

The company has issued a Form 1099-DIV that outlines the distribution allocations for 2024. This form serves as an essential guide for all shareholders, ensuring that they report the correct figures on their federal income tax returns for the year 2024. The distribution details are presented on a per-share basis, which helps in understanding how much each can expect in different tax categories.

Key Information on the Distribution Schedule

The total distribution initially noted was $0.250000 per share, with a significant amount allocable specifically to the 2024 tax year, valued at $0.194388. Notably, the distribution encompasses ordinary dividends, capital gain distributions, return of capital, section 199A dividends, and unrecaptured capital gains. This break down allows shareholders to grasp the nature of their earnings and implications for their taxes.

Breakdown of Tax Allocations

With a record date of December 31, 2024, the common stock distribution delineates a split-year allocation. Out of the total distribution, $0.194388 pertains to 2024 for tax purposes, while $0.055612 is allocated for the following year. Such allocations are vital, as they determine how much income is reportable for taxation during specific fiscal periods.

About Curbline Properties Corp.

Curbline Properties stands out as an owner and manager of convenience shopping centers, strategically positioning them to serve high-traffic areas. The company is traded under the ticker symbol “CURB” on the NYSE and is transitioning to a Real Estate Investment Trust (REIT) status for favorable tax treatment. This move reflects its commitment to maintaining transparency and offering value to its investors.

Planning for the Future

As Curbline Properties prepares for its evolution into a REIT, the focus remains on delivering shareholder value through strategic management of its property portfolio. Investors can expect that the upcoming tax allocations and distributions will be consistent with the company’s track record of shareholder engagement and satisfaction.

Ensuring Shareholder Awareness

For those interested in keeping abreast of developments, Curbline Properties encourages stakeholders to utilize the available information regarding dividend distributions. Engaging with the Investor Relations team can provide further clarity and support for any inquiries related to tax implications.

Frequently Asked Questions

What are the tax implications for Curbline Properties' 2024 dividends?

Shareholders must use the Form 1099-DIV to report their allocations accurately on their 2024 federal income tax returns.

How much is allocable to federal taxes for 2024?

The total amount allocable to 2024 federal income tax purposes is $0.194388 per share.

What is the payment date for the dividends?

The payment date for the dividends is set for January 16, 2025.

What is the dividend distribution's record date?

The record date for the dividend distribution is December 31, 2024.

How can investors get updates on future distributions?

Curbline Properties encourages investors to sign up for email distributions for timely news on press releases and future financial updates.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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