FrontView REIT, Inc.
Business
FrontView REIT, Inc. is an internally-managed net-lease real estate investment trust that acquires, owns, and manages properties with direct frontage on high-traffic roads across multiple U.S. states. The company leases its properties to diversified service-oriented tenants including medical and dental providers, quick-service restaurants, financial institutions, automotive retailers, and convenience stores under long-term net leases with rent escalations. The portfolio is substantially occupied and leased to tenants representing numerous different brands, with a significant concentration in major metropolitan statistical areas.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Rental revenues | 67 | — | — | |
| Interest income on mortgage loans | 350,000 | — | — | |
| Other income | 239,000 | — | — | |
| Total revenues | 67 | — | 48 | |
| Depreciation and amortization | 33 | — | 25 | |
| Property operating expenses | 10 | — | 6 | |
| General and administrative expenses | 13 | — | 8 | |
| Total operating expenses | 56 | — | 44 | |
| Interest expense | 18 | — | 18 | |
| Gain on sale of real estate | −12 | −300,000 | −725,000 | |
| Impairment loss | 10 | — | 407,000 | |
| Income taxes | 350,000 | — | 316,000 | |
| Total other expenses | 17 | — | 18 | |
| Operating loss | −6 | — | −14 | |
| Net loss | −6 | — | −2 | |
| Less: Net loss attributable to non-controlling interests | 2 | — | — | |
| Net loss attributable to NADG NNN Property Fund LP (Predecessor) and to FrontView REIT, Inc. (Successor) | −4 | — | −1 | |
| Basic (shares) | 20 | — | — | |
| Diluted (shares) | 28 | — | — | |
| Basic (per share) | −0.22 | — | — | |
| Diluted (per share) | −0.22 | — | — | |
| Change in fair value of interest rate swaps | −1 | — | — | |
| Comprehensive loss | −7 | — | — | |
| Less: Comprehensive loss attributable to non-controlling interests | 2 | — | — | |
| Comprehensive loss attributable to NADG NNN Property Fund LP (Predecessor) and to FrontView REIT, Inc. (Successor) | −5 | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-09-30 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Land | 329 | 333 | — | 315 | — | |
| Buildings and improvements | 417 | 386 | — | 332 | — | |
| Total real estate held for investment, at cost | 747 | 719 | — | 647 | — | |
| Less accumulated depreciation | −48 | −40 | — | −29 | — | |
| Real estate held for investment, net | 699 | 679 | — | 618 | — | |
| Assets held for sale | 12 | 6 | — | 3 | — | |
| Mortgage loans receivable | 10 | — | — | — | — | |
| Cash and cash equivalents | 14 | 5 | — | — | — | |
| Intangible lease assets, net | 99 | 115 | — | 119 | — | |
| Other assets | 20 | 17 | — | 14 | — | |
| Total Assets | 854 | 822 | — | 772 | — | |
| Debt, net | 314 | 267 | — | 436 | — | |
| Intangible lease liabilities, net | 14 | 15 | — | 17 | — | |
| Accounts payable and accrued liabilities | 32 | 18 | — | 17 | — | |
| Total liabilities | 361 | 299 | — | 471 | — | |
| Common Stock, $0.01 par value 450,000,000 shares authorized, 22,111,165 shares issued and outstanding as of December 31, 2025 | 221,000 | 173,000 | — | — | — | |
| Additional paid-in capital | 420 | 331 | — | — | — | |
| Accumulated deficit | −28 | −7 | — | — | — | |
| Accumulated other comprehensive loss | −901,000 | — | — | — | — | |
| Total FrontView REIT, Inc. equity | 391 | 325 | — | — | — | |
| Non-controlling interests | 102 | 198 | — | — | — | |
| Total equity | 493 | 523 | 164 | 197 | 217 | |
| Total liabilities and equity | 854 | 822 | — | 772 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|
| Depreciation and amortization | 33 | 25 | |
| Amortization of above/below market leases | 3 | 1 | |
| Amortization of financing transaction and discount costs | 2 | 3 | |
| Amortization of software costs | 35,000 | — | |
| Net cash received from derivative settlements | 1 | — | |
| Non-cash rental revenue adjustments | −499,000 | −1 | |
| Stock-based compensation, net | 2 | — | |
| Other assets | −2 | 311,000 | |
| Accounts payable and accrued liabilities | 10 | 3 | |
| Net cash provided by operating activities | 42 | 17 | |
| Acquisition of real estate held for investment | −125 | −75 | |
| Deposits on real estate held for investment | 305,000 | 74,000 | |
| Deferred leasing costs and other additions to real estate held for investment | −2 | −1 | |
| Principal collections on mortgage loans receivable | 900,000 | — | |
| Net proceeds from sale of real estate | 65 | 5 | |
| Net proceeds from expropriation | 5 | — | |
| Additions to software costs | −12,000 | −83,000 | |
| Net cash (used in) provided by investing activities | −56 | −94 | |
| Proceeds from debt | 57 | 110 | |
| Repayment of debt | −10 | −42 | |
| Cash distributions paid to stockholders | −17 | — | |
| Cash distributions paid to Preferred Unit holders | −32,000 | −16,000 | |
| Cash distributions paid to non-controlling interests | −8 | — | |
| Net cash provided by (used in) financing activities | 23 | 53 | |
| Net increase (decrease) in cash and cash equivalents during the period | 8 | −24 | |
| Cash paid for interest | 15 | 15 | |
| Accrued real estate development and improvement costs | 5 | 2 | |
| Accrued deferred leasing fees | 314,000 | 264,000 | |
| Accrued deferred offering costs | 1 | 3 | |
| Increase in mortgage loan receivable in exchange for sale of real estate | 11 | — | |
| Conversion of OP Units to Common Stock and additional paid-in capital | 99 | — | |
| Distributions payable | 6 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is FrontView REIT, Inc.'s CIK number?
FrontView REIT, Inc.'s SEC CIK number is 0001988494 (1988494). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find FrontView REIT, Inc.'s SEC filings?
All of FrontView REIT, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did FrontView REIT, Inc. last report earnings?
FrontView REIT, Inc. (FVR) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-208927). This is FrontView REIT, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is FrontView REIT, Inc.'s most recent earnings 8-K?
FrontView REIT, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001193125-26-208927. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View FrontView REIT, Inc.'s latest earnings 8-K →
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