FrontView REIT, Inc. FVR

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

FrontView is an internally-managed net-lease real estate investment trust ("REIT") that is experienced in acquiring, owning and managing properties with frontage that are net leased to a diversified group of tenants. We have selected the name "FrontView" to reflect our unique "real estate first" investment strategy. This approach targets properties with frontage located in prominent retail areas that can attract multiple tenants and can have replaceable rents. Our target properties have direct frontage on high-traffic roads, ensuring high visibility to consumers with adaptable spaces that can typically work for various usages. We are a growing net-lease REIT and own a well-diversified portfolio of 303 properties with direct frontage across 37 U.S. states as of December 31, 2025. FrontView's tenants typically include service-oriented businesses, such as medical and dental providers, quick service restaurants, casual dining, other service providers, financial institutions, cellular stores, automotive stores, fitness operators, discount retail, convenience stores and gas stations, automotive dealers, car washes, home improvement stores, other necessity tenants, pharmacies, as well as professional services tenants.

Last close 17.74 2026-10-23
Market cap $433.8M 2026-06-30 share count
52-week range 12.88 - 22.29

Valuation FY2025 figures against the last close

P/S6.5x
P/E—
P/FCF10.3x
EV/EBITDA26.7x
Dividend yield3.8%
Diluted EPS-0.22

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022
Revenue $67.1M—$48.3M—
SG&A $12.9M—$8.1M—
Total operating expenses $55.8M—$44.4M—
Operating income -$5.6M—-$14.5M—
Interest expense $18.0M—$18.4M—
Pre-tax income -$3.5M—-$784.0K—
Income tax $350.0K—$316.0K—
Net income -$3.8M—-$1.1M—
EPS, basic -0.22———
EPS, diluted -0.22———
Shares, diluted (wtd. avg.) 27.8M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022
Cash and equivalents $13.5M$5.1M$17.1M$41.1M
Other intangibles $99.5M$114.9M$119.4M—
Total assets $854.4M$821.8M$772.0M—
Long-term debt $314.3M$266.5M$436.5M—
Total liabilities $361.2M$299.1M$471.3M—
Retained earnings -$28.1M-$6.8M——
Total equity $391.2M$324.8M$197.1M$217.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022
Operating cash flow $42.1M—$17.2M—
Depreciation and amortisation $33.1M—$24.7M—
Stock-based compensation $2.0M———
Investing cash flow -$56.3M—-$93.8M—
Financing cash flow $22.6M—$52.6M—
Dividends paid $16.6M———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-072181.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20M 0 20M 40M 60M 80M Revenue, FY2023: 48.3M Net income, FY2023: -1.1M Revenue, FY2025: 67.1M Net income, FY2025: -3.8M FY2022 FY2023 FY2024 FY2025
Fiscal year FY2022FY2023FY2024FY2025
Revenue — $48.3M — $67.1M
Gross profit — — — —
Net income — -$1.1M — -$3.8M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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