Curbline Properties Corp. appears on Cruelty Free Investing’s list for leasing retail space to convenience tenants such as Starbucks, a major buyer of dairy, eggs, and meat from factory-farmed sources.
Supporting Evidence:
The company’s report confirms that Starbucks is its largest tenant exposure, accounting for 2.4% of annual base rent. The filing states:
“The Company believes its diversification of primarily national tenants along with the depth of leasing prospects for its homogenous store unit sizes mitigates credit risk and will allow it to maintain elevated leased rates across the portfolio. As of December 31, 2024, the portfolio’s largest tenants included Starbucks (2.4% of ABR), Darden (1.5% of ABR), JPMorgan Chase (1.3% of ABR), Verizon (1.2% of ABR) and Total Wine & More (1.2% of ABR) and the portfolio’s top ten tenants comprised less than 13% of total ABR.” (Page 8) Read the full document
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 that is publicly traded under the ticker symbol ‘CURB’ on the NYSE.
Company Website: https://www.curbline.com