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FrontView REIT, Inc. (FVR)
:FVR
US Market
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FrontView REIT, Inc. (FVR) AI Stock Analysis

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FVR

FrontView REIT, Inc.

(NYSE:FVR)

Rating:64Neutral
Price Target:
$13.00
▼(-1.81% Downside)
FrontView REIT, Inc. scores well due to strong corporate events and a high dividend yield, despite profitability challenges. Technical indicators suggest neutral momentum, while financial performance shows robust revenue growth but needs improved profitability.
Positive Factors
Dividend Stability
The company declared a dividend of $0.86 on an annualized basis, indicating a stable return for investors.
Investment Activity
FrontView acquired 29 new properties for $103.4 million at 7.9% cash cap rate, exceeding market estimates.
Portfolio Integration
The company's simple structure and portfolio could be quickly integrated into another platform, increasing the potential for a take-out.
Negative Factors
Downgrade in Stock Rating
FVR's stock rating has been downgraded from Neutral to Underperform, indicating decreased confidence in the company's future performance.
Financial Guidance
The company's future guidance is uncertain and sensitive to acquisition/disposition activity and interest rates.
Management Instability
The FVR Board terminates its second CFO in two months, raising concerns about management stability.

FrontView REIT, Inc. (FVR) vs. SPDR S&P 500 ETF (SPY)

FrontView REIT, Inc. Business Overview & Revenue Model

Company DescriptionFrontView REIT specializes in real estate investing.
How the Company Makes MoneyFrontView REIT, Inc. generates revenue primarily through the leasing of its diversified property portfolio. The company collects rental income from tenants occupying its office, retail, industrial, and residential properties. Additionally, FVR benefits from property appreciation and strategic property sales, which can contribute to capital gains. The company may also engage in development projects, creating value through the development and subsequent leasing or sale of new properties. Partnerships with real estate developers, financial institutions, and other REITs can enhance FrontView's growth opportunities and financial performance. Dividend income from joint ventures and interest income from mortgage and mezzanine loans may also supplement its revenue streams.

FrontView REIT, Inc. Earnings Call Summary

Earnings Call Date:Aug 12, 2025
(Q4-2024)
|
% Change Since: |
Next Earnings Date:Nov 12, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a balanced view with notable achievements in acquisition growth, financial management, and capital allocation. However, challenges persist with tenant issues and sector underperformance affecting short-term performance metrics.
Q4-2024 Updates
Positive Updates
Successful IPO and Acquisition Growth
FrontView REIT completed a successful IPO in October 2024 and acquired $103.4 million of properties in Q4 2024 at an average cap rate of 7.93% and a weighted average lease term of 11 years.
Strong Portfolio Performance
As of December 31, 2024, FrontView's portfolio consisted of 307 freestanding properties with an average remaining lease term of over seven years, diversified across 35 states and 109 metro areas, with a strong occupancy rate of approximately 98%.
Robust Acquisition Pipeline
FrontView closed $37.9 million of property in Q1 2025 at an average cap rate of 7.8%, with an additional $18.2 million under contract at an average cap rate of 8.25%, exceeding previous cap rate guidance.
Strong Financial Management
FrontView reported AFFO per share of $0.33 for 2024, in line with guidance, and successfully repaid ABS notes in full, enhancing financial flexibility with a new $250 million revolving credit facility and a $200 million term loan.
Prudent Capital Allocation
FrontView secured a $200 million term loan at a SOFR rate of 3.66%, representing an all-in borrowing rate of 4.96%, and has a net debt ratio of 5.2 times, demonstrating a prudent approach to leverage.
Negative Updates
Tenant Watch List and Portfolio Challenges
Approximately 4% of FrontView's ABR is affected by tenants on a watch list, including Freddy's, TGI Fridays, World Auto, Hooters, On The Border, and Joanne's Fabrics, resulting in short-term AFFO impact.
Exposure to Underperforming Sectors
FrontView experienced challenges in the sit-down fast-casual and pharmacy sectors, reducing exposure from 19.3% of ABR to 15% in Q4 2024, with further reductions expected.
Increased Bad Debt Expense
Recognized approximately 200 basis points of bad debt during the quarter due to watch list properties, with guidance for 2025 indicating bad debt expense in the range of 2% to 3% of cash ABR.
Company Guidance
During the call, FrontView REIT, Inc. provided guidance for 2025, highlighting key metrics and expectations. The company plans to conduct real estate acquisitions between $175 million and $200 million, with property dispositions estimated between $5 million and $20 million. They anticipate a bad debt expense ranging from 2% to 3%, influenced by properties on their watch list. Non-reimbursed property and operating expenses are projected between $2 million and $2.6 million, while total cash general and administrative expenses are estimated between $8.9 million and $9.5 million. FrontView aims to maintain an AFFO per share within the range of $1.20 to $1.26, driven by acquiring assets at above-market cap rates. The company also highlighted a strong balance sheet with a net debt ratio of 5.2 times and a $200 million term loan secured at an all-in borrowing rate of 4.96%. The guidance reflects their strategic focus on growth while managing tenant challenges and ensuring financial flexibility.

FrontView REIT, Inc. Financial Statement Overview

Summary
FrontView REIT, Inc. shows strong revenue growth and cash flow management, but faces profitability challenges with negative net income and EBIT margins. The balance sheet indicates moderate leverage, requiring improved profitability for better financial health.
Income Statement
54
Neutral
FrontView REIT, Inc. has shown substantial revenue growth of 24.1% from 2023 to 2024, indicating strong top-line expansion. However, the company has sustained negative EBIT and net income margins, reflecting ongoing challenges in achieving profitability. Despite a positive EBITDA margin of 38.7%, the persistent negative net profit margin at -37.1% is a concern.
Balance Sheet
45
Neutral
With a debt-to-equity ratio of 0.87 and an equity ratio of 39.5%, FrontView REIT, Inc. carries a moderate level of leverage. Positive stockholders' equity in 2024 shows improvement from previous years, but the return on equity remains negative, indicating inefficiency in generating profits from shareholders' investments.
Cash Flow
66
Positive
The company has shown strong free cash flow growth of 19.6% year-over-year. The operating cash flow to net income ratio is healthy, reflecting good cash generation relative to earnings, despite net losses. The free cash flow to net income ratio is also favorable, suggesting strong cash flow management.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue63.51M59.92M48.27M39.86M5.04M
Gross Profit43.25M47.32M36.69M30.81M27.07M
EBITDA40.56M23.21M30.42M29.98M25.87M
Net Income-21.31M-22.21M-1.10M-4.47M-2.89M
Balance Sheet
Total Assets856.51M821.81M772.01M626.79M559.82M
Cash, Cash Equivalents and Short-Term Investments8.36M5.09M11.60M41.08M31.87M
Total Debt14.52M281.27M453.87M298.93M288.04M
Total Liabilities352.56M299.13M574.94M311.10M3.17M
Stockholders Equity369.89M324.82M197.07M217.30M31.82M
Cash Flow
Free Cash Flow30.17M20.51M17.14M23.10M16.73M
Operating Cash Flow30.17M20.53M17.22M23.10M16.79M
Investing Cash Flow-157.50M-97.17M-93.81M-82.20M-149.18M
Financing Cash Flow119.07M64.61M52.64M68.30M138.75M

FrontView REIT, Inc. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price13.24
Price Trends
50DMA
12.23
Positive
100DMA
11.91
Positive
200DMA
14.24
Negative
Market Momentum
MACD
0.35
Negative
RSI
58.56
Neutral
STOCH
76.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FVR, the sentiment is Positive. The current price of 13.24 is above the 20-day moving average (MA) of 12.46, above the 50-day MA of 12.23, and below the 200-day MA of 14.24, indicating a neutral trend. The MACD of 0.35 indicates Negative momentum. The RSI at 58.56 is Neutral, neither overbought nor oversold. The STOCH value of 76.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FVR.

FrontView REIT, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
64
Neutral
$368.91M-0.37%4.87%
63
Neutral
$7.00B13.54-0.52%7.07%3.61%-22.78%
58
Neutral
$153.49M75.12-1.11%7.69%-2.40%42.84%
50
Neutral
$26.30M471.19-17.09%2.19%-6.82%7.33%
42
Neutral
$10.16M-28.98%57.76%43.87%-4681.28%
41
Neutral
$7.47M-41.30%4.02%1.35%-129.09%
38
Underperform
$5.44M-270.04%14.71%0.70%26.52%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
FVR
FrontView REIT, Inc.
13.42
-5.08
-27.46%
MDRR
Medalist Diversified REIT
11.88
0.02
0.17%
GIPR
Generation Income Properties
1.00
-1.40
-58.33%
SQFT
Presidio Property Trust
5.24
-1.36
-20.61%
MDV
Modiv
15.11
-0.62
-3.94%
MKZR
MacKenzie Realty Capital, Inc.
6.06
-29.04
-82.74%

FrontView REIT, Inc. Corporate Events

Executive/Board ChangesDividendsBusiness Operations and StrategyFinancial Disclosures
FrontView REIT Reports Strong Q2 2025 Results
Positive
Aug 13, 2025

On August 13, 2025, FrontView REIT, Inc. announced its second-quarter results for 2025, highlighting significant operational achievements. The company reported a strong occupancy rate of 97.8%, resolved vacancies in twelve properties, and made strategic acquisitions and sales, resulting in improved financial metrics such as AFFO per share and reduced net debt to EBITDAre. Despite a net loss of $4.5 million, the company maintained a robust balance sheet with $139.9 million in liquidity and paid a dividend yield of 7.2%. The appointment of Pierre Revol as the new CFO is expected to further drive growth.

Business Operations and StrategyFinancial Disclosures
FrontView REIT Reports Q2 2025 Financial Results
Neutral
Aug 13, 2025

For the quarter ending June 30, 2025, FrontView REIT reported a net loss per share of $0.16, with funds from operations (FFO) per share at $0.24 and adjusted funds from operations (AFFO) per share at $0.32. The company has a strong portfolio with 319 properties across 37 states, a 97.8% occupancy rate, and a strategic focus on high-visibility locations. FrontView’s capital structure and liquidity position are robust, supporting its growth strategy, while its active asset management approach and prudent capital recycling are expected to drive future growth and enhance shareholder value.

Executive/Board ChangesBusiness Operations and Strategy
FrontView REIT Appoints New Chief Financial Officer
Positive
Jun 30, 2025

On June 30, 2025, FrontView REIT, Inc. announced the appointment of Pierre Revol as Chief Financial Officer, effective July 21, 2025. Mr. Revol brings over 20 years of experience in the real estate and financial sectors, having previously served as Senior Vice President of Capital Markets at CyrusOne. His extensive background in corporate finance and capital markets is expected to enhance FrontView’s financial strategy and support its commitment to long-term value creation for shareholders.

Executive/Board Changes
FrontView REIT, Inc. Terminates Co-CEO Randall Starr
Negative
Jun 16, 2025

On June 15, 2025, FrontView REIT, Inc. terminated Randall Starr from his roles as Co-Chief Executive Officer, Co-President, Chief Financial Officer, Treasurer, and Secretary for cause, following an investigation by the Audit Committee. The termination was unrelated to the company’s business operations or financial results. Subsequently, Sean Fukumura was appointed as Interim Chief Financial Officer, while the company searches for a permanent replacement. This leadership change is expected to have minimal impact on the company’s operations or financial standing, as the transition is managed internally.

Executive/Board ChangesShareholder Meetings
FrontView REIT Elects Directors at Annual Meeting
Neutral
May 29, 2025

On May 27, 2025, FrontView REIT, Inc. held its Annual Meeting of Stockholders where two key proposals were voted on. The stockholders elected seven directors to the board to serve until the 2026 annual meeting and ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 14, 2025