FrontView REIT, Inc. (FVR)
NYSE:FVR
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Earnings Data
Report Date
Aug 19, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.16Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple operational and portfolio-quality improvements: strong, accretive acquisitions, elevated occupancy (~99%), meaningful diversification gains (largest tenant 3.1%, top-10 at 23%), sequential revenue growth (+$0.7M QoQ), improved margins and balance sheet metrics, and raised AFFO guidance (to $1.29–$1.33). Short-term headwinds are manageable and largely timing-related—re-tenanting drag (~$700k run-rate gap to Q2), a small watch list with an expected ~50 bps bad debt cushion, and ongoing targeted dispositions ($40M–$50M). Overall, highlights substantially outweigh lowlights, with forward-looking initiatives (disciplined development, detailed disclosures, and conservative payout) positioned to support sustainable growth.Company Guidance
Strong Acquisition Activity and Attractive Yields
Acquired 10 properties for $34.0M in Q1 at an average cash cap rate of 7.5% and a weighted average lease term of 9.4 years; median purchase price $2.3M and median rent per box $170,000. Management expects Q2 cap rates ~7.3%–7.4% and maintains a fully funded net investment target of $100M.
Improved Operating Results and Revenue Growth
Adjusted cash revenue rose by $707,000 sequentially to $16.3M (≈+4.5% QoQ), driven by recent acquisitions and a $274,000 lease termination fee; company raised AFFO per share guidance to $1.29–$1.33 (midpoint implies ~5% YoY growth, high end ~7%).
High Occupancy and Portfolio Quality
Portfolio occupancy ~99% with only four vacant assets; 77% of properties located in top 100 MSAs and average five-mile population ~175,000, highlighting concentrated exposure to dense retail corridors and frontage-based, fungible boxes.
Tenant & Industry Diversification Improvements
Reduced largest tenant exposure to 3.1%, top-10 tenant concentration to 23%, and restaurant exposure from 37% to under 23%, improving diversification and lowering single-tenant concentration risk.
Strong Leasing and Rent Upside
Successfully re-tenanted three expiring locations (CVS, Dollar Tree, Twin Peaks) that collectively produced rent increases of over 23% versus prior tenants; historical recapture ~106% with ~90% renewal rate since 2016.
Balance Sheet and Cash Flow Improvements
Revolver balance modestly reduced to $114M; cash interest expense down $86,000 QoQ to $3.8M (≈-2.2%); net debt / annualized adjusted EBITDAre improved by 0.3x to 5.3x and LTV fell to 32.6%; fixed charge coverage ratio 3.5x. Including $50M remaining preferred capacity, adjusted net debt/EBITDAre ~4.4x.
Dividend & Payout Discipline
Declared quarterly dividend of $0.215 per share representing a 63.2% AFFO payout ratio—the lowest payout since becoming public—preserving free cash flow for growth.
Proven Value Creation via Development and Active Management
Completed prior re-developments that generated about $10M of incremental value (≈90% increase over original purchase prices); management plans a limited, disciplined development program targeting $1M–$3M equity per project and 100–200 bps expected spreads.
Operating Efficiency & Transparency Enhancements
Non-reimbursable property costs decreased $385,000 QoQ to $263,000 (1.6% of adjusted cash revenue vs 4.2% prior quarter, a 2.6 percentage-point improvement); company enhanced disclosure by separately presenting other operating income and published detailed portfolio-level data and Google Maps links.
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 |
|---|---|---|---|
May 06, 2026 | $17.49 | $18.26 | +4.40% |
Feb 24, 2026 | $16.26 | $16.20 | -0.36% |
Nov 12, 2025 | $13.23 | $13.45 | +1.69% |
Aug 13, 2025 | $11.78 | $12.22 | +3.82% |
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 Aug 19, 2026, After Close (Confirmed).
What is FrontView REIT, Inc. (FVR) earnings time?
FrontView REIT, Inc. (FVR) earnings time is at Aug 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is FVR EPS forecast?
FVR EPS forecast for the fiscal quarter 2026 (Q2) is -0.02.