FrontView REIT (FVR) Company Report

FrontView REIT reported Q4 2025 acquisitions of 7 properties for $41.3 million and full-year 2025 acquisitions of 32 properties for $124.1 million.
The company completed Q4 2025 dispositions of 11 properties for $17.8 million and full-year 2025 dispositions of 36 properties for $78.0 million.
For Q1 2026, FrontView REIT projects net investment activity of approximately $25 million, comprising 9 acquisitions for $31.5 million and 3 dispositions for $4.9 million, with an average cap rate between 7.25% and 7.50%.
FrontView REIT will draw $25 million from its Convertible Perpetual Preferred security on February 10, 2026.
The company has implemented enhanced property disclosures, offering investors access to 100% of its real estate portfolio, including individual property addresses.

Jan 12, 2026, 9:15 PM

FrontView REIT, Inc. Enters Investment Agreement for Series A Convertible Perpetual Preferred Stock Issuance

FVR

Convertible Preferred Issuance

FrontView REIT, Inc. (FVR) entered into an Investment Agreement on November 12, 2025, with Maewyn FVR II LP, Rebound Investment, LP, and Petrus Special Situations Fund, L.P..
Under the agreement, FVR will issue 750,000 shares of Series A Convertible Perpetual Preferred Stock to the purchasers.
The Series A Preferred Stock, which was not previously issued and outstanding as of November 10, 2025, has a liquidation preference of $100 per share and is convertible into common stock.
This transaction represents an unregistered sale of equity securities, relying on exemptions from registration.

Nov 18, 2025, 10:11 PM

FrontView REIT Announces Q3 2025 Results, Raises Guidance, and Secures $75M Convertible Preferred Equity

FVR

Earnings

Guidance Update

Convertible Preferred Issuance

FrontView REIT reported a 98% quarter-end occupancy in Q3 2025, an increase of 20 basis points over the prior quarter. The company also raised its full-year 2025 AFFO per share guidance by $0.01 at the midpoint.
The company secured a $75 million delayed-draw convertible perpetual preferred equity investment with a 6.75% dividend yield and a $17.00 conversion price. This funding is intended to support approximately $100 million in 2026 net acquisitions and is projected to be ~3% accretive to AFFO per share when fully drawn and deployed.
For 2026, FrontView REIT introduced initial AFFO per share guidance ranging from $1.26 to $1.30, representing 3.2% growth at the midpoint.
As of Q3 2025, the company's balance sheet showed a Net Debt to Annualized Adjusted EBITDAre of 5.3x and pro forma liquidity of $236.1 million, including the preferred investment. During Q3 2025, FrontView REIT was a net seller, buying $16 million at a 7.5% capitalization rate and selling $32.9 million at a 6.8% capitalization rate.

Nov 13, 2025, 4:00 PM

FrontView REIT Reports Q3 2025 Results, Raises 2025 Guidance, and Secures $75 Million Convertible Preferred Equity

FVR

Earnings

Guidance Update

Convertible Preferred Issuance

FrontView REIT reported Q3 2025 acquisitions of $15.8 million at an average cap rate of 7.5% and dispositions of $32.9 million at an average cash cap rate of approximately 6.78%. The company's annualized base rent was $61.3 million as of September 30, with occupancy north of 98%.
The company secured a $75 million convertible preferred equity investment with a 6.75% dividend rate and a $17 conversion price, intended to fund 2026 net acquisitions. The board also authorized a share repurchase program of up to $75 million.
FrontView REIT raised its full-year 2025 AFFO per share guidance by $0.01 to $1.23-$1.25 and provided 2026 AFFO per share guidance of $1.26-$1.30, representing 3.2% year-over-year growth at the midpoint.
The company's debt to annualized adjusted EBITDA fell to 5.3 times, the lowest since its IPO, and total liquidity increased to $236.1 million including the preferred equity.

Nov 13, 2025, 4:00 PM

FrontView REIT, Inc. Announces Q3 2025 Results and New Capital Partnership

FVR

Earnings

Guidance Update

Convertible Preferred Issuance

FrontView REIT, Inc. reported Q3 2025 Adjusted Funds From Operations (AFFO) per diluted share of $0.32 and net income attributable to FrontView REIT, Inc. of $4,015 thousand.
The company raised its full-year 2025 AFFO per share guidance by $0.01 at the midpoint and provided initial 2026 AFFO per share guidance of $1.26 to $1.30, projecting 3.2% growth at the midpoint.
FrontView REIT secured a $75 million delayed-draw convertible preferred equity investment with a 6.75% dividend yield and a $17.00 conversion price, intended to fund approximately $100 million of 2026 net acquisitions and projected to be ~3% accretive to AFFO per share when fully deployed.
The company achieved 98% quarter-end occupancy in Q3 2025, a 20 basis point increase over the prior quarter, and maintained a Net Debt to Annualized Adjusted EBITDAre of 5.3x.

Nov 12, 2025, 9:25 PM

FrontView REIT Announces $75 Million Convertible Preferred Equity Investment

FVR

Convertible Preferred Issuance

New Projects/Investments

Board Change

FrontView REIT, Inc. (FVR) announced a $75 million strategic convertible perpetual preferred equity investment led by Maewyn Capital Partners.
This investment is expected to fund approximately $100 million in acquisitions of high-traffic, well-located assets in 2026.
The Series A convertible perpetual preferred stock has a 6.75% per annum dividend yield and is convertible into common shares at $17.00 per share.
The company projects the investment to be immediately accretive to AFFO, adding approximately 3% AFFO per share accretion when fully deployed.
Charles P. Fitzgerald, Founder and Managing Partner of Maewyn Capital Partners, will be appointed to FrontView's board of directors.

Nov 12, 2025, 9:23 PM

FrontView REIT Announces Q3 2025 Results and Updated Guidance

FVR

Earnings

Guidance Update

Convertible Preferred Issuance

FrontView REIT reported Q3 2025 AFFO per share of $0.32, with net income of $5.5 million or $0.19 per share. The company achieved 98.0% occupancy and maintained a strong balance sheet with $161.1 million in total available liquidity.
The company updated its full-year 2025 AFFO per share guidance to a range of $1.23 to $1.25 and initiated preliminary 2026 AFFO per share guidance of $1.26 to $1.30.
During Q3 2025, FrontView REIT completed $15.8 million in acquisitions and $32.9 million in dispositions, and subsequently closed a $75.0 million delayed-draw convertible perpetual preferred equity investment in November 2025.