v3.25.1
Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events
11.
Subsequent Events

In March 2024, the Directors’ Deferred Compensation Plan was terminated and pursuant to its terms, in April 2025, all remaining account balances were distributed. As a result, Deferred compensation obligation will be reduced by $8.0 million with a corresponding adjustment to Treasury Stock.

In October 2024, consistent with the contractual obligations set forth in the Separation and Distribution agreement, SITE Centers entered into a lease agreement with Curbline pursuant to which SITE Centers will lease a portion of a property owned by Curbline in Miami, Florida for one year beginning on April 1, 2025. SITE Centers will pay annual rent of $0.8 million along with a proportionate share of real estate tax expense. The first payment was made by SITE Centers in April 2025 and will be reflected in General and administrative expense.