FrontView REIT (FVR) Company Report

FrontView REIT, Inc. (FVR) entered into a Distribution Agreement on February 27, 2026, to offer and sell up to $75,000,000 of its common stock.
The shares will be sold through various agents, including J.P. Morgan Securities LLC and BofA Securities, Inc., via at-the-market offerings or negotiated transactions.
The company will pay each agent a commission of up to 2.0% of the gross sales price of the shares sold.
FrontView REIT, Inc. has been organized and operated as a Real Estate Investment Trust (REIT) since December 31, 2024, and expects to continue meeting REIT requirements for 2025 and subsequent years.
A material weakness in internal control over financial reporting was reported in the company's Annual Report on Form 10-K for the year ended December 31, 2024.

10 hours ago

8-K

FrontView REIT Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance

FVR

Earnings

Guidance Update

Convertible Preferred Issuance

FrontView REIT reported Q4 2025 AFFO per share of $0.31 and full-year 2025 AFFO per share of $1.25, achieving the high end of its guidance.
The company issued 2026 AFFO per share guidance of $1.27-$1.32, projecting 4% growth at the midpoint.
In Q4 2025, FrontView acquired 7 properties for $41.3 million at an average cap rate of 7.5% and sold 11 properties for $20.4 million at an average cash cap rate of 6.82%. For the full year 2025, 32 properties were acquired for $124.1 million and 36 properties were sold for $78 million.
FrontView ended Q4 2025 with occupancy approaching 99% and a net debt to annualized adjusted EBITDARE of 5.6x, with plans to end 2026 below 5.5 times. The company is fully funded for its $100 million net acquisition target for 2026 through a $75 million convertible preferred investment.

3 days ago

Transcript

FrontView REIT Reports Q4 2025 Results and Raises 2026 Guidance

FVR

Earnings

Guidance Update

New Projects/Investments

FrontView REIT achieved the high-end of its 2025 AFFO per share guidance of $1.25 and raised its 2026 AFFO per share guidance to $1.27 - $1.32, implying 4.0% growth at the midpoint.
As of December 31, 2025, the company reported $223 million in available liquidity and ended the year with a Net Debt to Annualized Adjusted EBITDAre of 5.6x and a Loan to Value (LTV) of 34.5%.
In 2025, FrontView REIT acquired 32 properties for $124 million at a 7.74% cash capitalization rate and disposed of 36 properties for $78 million at a 6.79% disposition capitalization rate on leased properties.
The company's portfolio, as of December 31, 2025, comprised 303 properties with 98.7% occupancy and $62.9 million in Annualized Base Rent (ABR).

3 days ago

Presentation

FrontView REIT Reports Strong Q4 2025 Results and Raises 2026 AFFO Guidance

FVR

Earnings

Guidance Update

Convertible Preferred Issuance

FrontView REIT reported AFFO per share of $0.31 for Q4 2025 and $1.25 for the full year 2025, achieving the high end of its guidance.
The company revised its 2026 AFFO per share guidance upwards to $1.27-$1.32, representing 4% growth at the midpoint.
In 2025, FrontView REIT acquired 32 properties for $124.1 million at an average cash cap rate of 7.74% and sold 36 properties for $78 million at an average cash cap rate of 6.79%.
FrontView REIT is fully funded to acquire $100 million of net assets in 2026, with $223 million in total available liquidity, including $75 million of undrawn convertible preferred equity.
Operational highlights include successfully re-leasing a Twin Peaks property to two new tenants, resulting in a 92% increase in rent and approximately a three times increase in value from the original basis.

3 days ago

Transcript

FrontView REIT Reports Q4 and Full-Year 2025 Results, Issues 2026 Guidance, and Details Acquisition/Disposition Activity

FVR

Earnings

Guidance Update

New Projects/Investments

Convertible Preferred Issuance

FrontView REIT reported Q4 2025 AFFO per share of $0.31 and full-year 2025 AFFO per share of $1.25, both achieving the high end of guidance.
The company issued 2026 AFFO per share guidance of $1.27-$1.32, projecting 4% growth at the midpoint and 6% at the high end.
In Q4 2025, FrontView REIT acquired 7 properties for $41.3 million at an average cap rate of 7.5% and sold 11 properties for $20.4 million at an average cash cap rate of approximately 6.82%. For the full year 2025, acquisitions totaled $124.1 million across 32 properties, and dispositions were $78 million from 36 properties.
FrontView REIT secured a $75 million convertible preferred investment from Maewin, with $25 million drawn in February 2026, to fund its $100 million net acquisition target for 2026. The company ended Q4 2025 with occupancy approaching 99% and expects bad debt to be approximately 50 basis points in 2026.

3 days ago

Transcript

FrontView REIT Announces Q4 and Full Year 2025 Results and Updated 2026 Guidance

FVR

Earnings

Guidance Update

Convertible Preferred Issuance

FrontView REIT reported a net loss of $(0.19) per share and FFO of $0.22 per share for Q4 2025, with full-year 2025 figures at a net loss of $(0.22) per share and FFO of $0.94 per share.
The company updated its full-year 2026 AFFO per share guidance to $1.27 to $1.32.
A quarterly dividend of $0.215 per common share was declared on February 24, 2026, and the company completed an initial issuance of $25.0 million of Series A Preferred Stock on February 10, 2026, as part of a $75.0 million convertible perpetual preferred equity investment.
For Q4 2025, FrontView acquired 7 properties for $41.3 million and maintained a strong balance sheet with $223.0 million of total available liquidity and net debt to Adjusted EBITDAre of 5.6x.

3 days ago

8-K

FrontView REIT, Inc. Issues Convertible Preferred Stock

FVR

Convertible Preferred Issuance

FrontView REIT, Inc. issued 250,000 shares of Series A Convertible Preferred Stock on February 10, 2026, for gross proceeds of approximately $25.0 million.
The Series A Convertible Preferred Stock has a liquidation preference of $100 per share and is convertible under specific conditions, including mandatory, change of control, or optional conversion.
The proceeds from the sale were contributed to FrontView Operating Partnership LP in exchange for 250,000 Series A Preferred Units.
The terms of the Series A Preferred Stock, including dividend accumulation and payment, redemption rights, and limited voting rights, were established through Articles Supplementary filed on February 9, 2025.

Feb 12, 2026, 9:15 PM

8-K

FrontView REIT Reports Q4 and Full-Year 2025 Investment Activity, Outlines Q1 2026 Pipeline, and Enhanced Disclosures

FVR

New Projects/Investments

Convertible Preferred Issuance

Guidance Update

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

8-K

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

8-K

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.