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FrontView REIT, Inc. (FVR)
NYSE:FVR
Earnings Data
Report Date
May 20, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0Last Year’s EPS
-0.06Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple operational and financial strengths — near-99% occupancy, active and accretive acquisitions, strong liquidity, lower borrowing costs, successful asset management outcomes (notably large rent recoveries and re-leases), and upward AFFO guidance. Key negatives were a persistent market valuation discount to NAV, a few tenant bankruptcies (small ABR impact), nonrecurring legal/G&A charges and modest near-term AFFO growth. On balance, the positive operational results, balance sheet flexibility and demonstrated asset-management wins outweigh the challenges related to valuation and isolated credit events.Company Guidance
High Occupancy and Diversified Tenant Base
Portfolio occupancy approaching 99% with just 4 vacant assets; 321 leases with top 10 tenants accounting for only 24% of ABR and the largest tenant at 3.5%, demonstrating strong diversification and low single-tenant concentration.
Strong Acquisition Activity and Yield
Q4 acquired 7 properties for ~$41.3M at an average cash cap rate of 7.5% (WAvg remaining lease term ~13.1 years). Full-year 2025 acquisitions: 32 properties for ~$124.1M at an average cap rate of 7.74% (WAvg remaining lease term ~12.4 years). Since IPO added 61 properties and increased initial asset base nearly 30%.
Successful Asset Management and Rent Upside
Examples of proactive asset management: re-leasing a Tricolor location to Avis in Q4 (resulted in an approx. 24% increase in value) and re-leasing a Twin Peaks unit to Panda Express and Jaggers, producing combined rent of $265k vs prior $138k (a 92% rent increase and ~3x increase in value from original basis). Historically new leases average over 110% of prior rent.
Solid Revenue and NOI Run-Rate
Annualized base rent (ABR) $62.9M, $1.6M higher than Q3 reflecting net acquisitions of ~$21M in the quarter. Run-rate cash revenue $16M quarterly ($64M annualized). Annualized adjusted cash NOI $61.3M (96% margin) with expectation to expand to 97% (~$62M) in 2026; run-rate quarterly cash NOI $15.5M.
AFFO Performance and Upward Guidance
AFFO per share of $0.31 in Q4 and $1.25 for FY2025 (achieved high end of guidance). 2026 AFFO guidance increased to $1.27–$1.32, representing ~4% growth at the midpoint and ~6% at the high end.
Improving Capital Structure and Liquidity
Total available liquidity of $223M (cash, revolver capacity and $75M undrawn preferred). Net debt to annualized adjusted EBITDAre 5.6x at quarter end with target to end 2026 below 5.5x. Loan-to-value 34.5%. First $25M draw of $75M convertible preferred completed to fund net acquisition plan (expecting to fund $100M net acquisitions).
Lower Borrowing Costs and Interest Savings
Interest expense declined $256k Q/Q to $4.3M. Amendments reduced spreads by 15 bps; term loan borrowing rate down to 4.81% with spread savings >$450k. $100M of revolver exposure is hedged with effective SOFR stepping down to an average ~3.35% in 2026.
Portfolio Optimization and Disposition Execution
2025 dispositions: sold 36 properties for ~$78M at an average cash cap rate ~6.79% (median cap rate 6.9%, range 5.4%–8%). Dispositions reduced asset base by 11% in 2025 and targeted less-optimal concepts, improving portfolio quality.
FVR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FVR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $16.49 | $16.43 | -0.36% |
Nov 11, 2025 | $13.62 | $13.61 | -0.07% |
Aug 12, 2025 | $11.92 | $12.11 | +1.59% |
May 14, 2025 | $11.50 | $11.17 | -2.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does FrontView REIT, Inc. (FVR) report earnings?
FrontView REIT, Inc. (FVR) is schdueled to report earning on May 20, 2026, After Close (Confirmed).
What is FrontView REIT, Inc. (FVR) earnings time?
FrontView REIT, Inc. (FVR) earnings time is at May 20, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FVR EPS forecast?
FVR EPS forecast for the fiscal quarter 2026 (Q1) is 0.