CORRECTED-BUZZ-Curbline Properties slips on $308.5 mln share offering

SITE Centers Corp.
Goldman Sachs Group, Inc.
Curbline Properties Corp.

SITE Centers Corp.

SITC

0.00

Goldman Sachs Group, Inc.

GS

0.00

Curbline Properties Corp.

CURB

0.00

Corrects offering price in 3rd bullet

** REIT Curbline Properties' CURB.N shares down 2.2% premarket at $30.59 after follow-on priced

** New York City-based owner of suburban convenience shopping centers late Mon announced 10 mln shares for $308.5 mln as part of forward sale

** Offering price is $30.85, which represents a 1.3% discount to stock's last close

** CURB entered into 18-month forward sale agreements with bookrunners Goldman Sachs, Morgan Stanley and Wells Fargo

** Upon settlement of agreements, it intends using net proceeds for general purposes, including property acquisitions, working capital and capex, and repaying debt

** Co has ~114 mln shares outstanding

** CURB in Feb priced $204 mln stock offering also on an 18-month forward sale basis

** At Mon close, stock up 35% YTD

** 6 of 9 analysts rate the stock "strong buy" or "buy", 3 "hold"; median PT $31, per LSEG data