FrontView REIT downgraded to Neutral at BofA on slowing acquisition pace

As previously reported, BofA downgraded FrontView REIT (FVR) to Neutral from Buy with a price target of $15, down from $18. While noting that the company re-affirmed its 2025 AFFO guidance, the firm is concerned they will be at the low end because of the planned slowdown in acquisition activity, the analyst tells investors. While the firm agrees with management’s decision to be disciplined, slowing external growth with impact 2026 AFFO growth and cause FrontView to be at the low end of peers that are seeing a good pipeline of net lease opportunities, the analyst added.