FrontView REIT, Inc. (FVR)
NYSE:FVR
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FrontView REIT, Inc.
(NYSE:FVR)
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Rating:72Outperform
Price Target:
$20.00
▲(15.87% Upside)
Action:Reiterated
Date:05/10/26
The score is driven primarily by stronger fundamentals in solvency and cash generation plus a positive earnings outlook (raised AFFO guidance and strong operating metrics). Technicals add support via an established uptrend. The main constraint is valuation, with an extremely high P/E despite an attractive dividend yield.
Positive Factors
Balance Sheet Strength
Balance sheet materially strengthened with major debt reduction from very high levels in 2023–24 to very low in 2025 and TTM. Sizable equity relative to assets enhances financial flexibility, supports the $100M net investment plan, preserves dividend capacity and cushions against rate or liquidity shocks.
Negative Factors
Earnings Volatility & Net Losses
Despite revenue expansion and improving operating metrics, net income remains negative and gross profit turned negative in TTM and 2025. Persistent bottom‑line losses create uncertainty for ROE recovery, limit retained earnings growth, and mean cash improvements may not translate to sustainable accounting profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Balance sheet materially strengthened with major debt reduction from very high levels in 2023–24 to very low in 2025 and TTM. Sizable equity relative to assets enhances financial flexibility, supports the $100M net investment plan, preserves dividend capacity and cushions against rate or liquidity shocks.
Read all positive factors
FrontView REIT, Inc. (FVR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$492.13M
Dividend Yield5.74%
Average Volume (3M)118.08K
Price to Earnings (P/E)179.5
Beta (1Y)0.90
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees15
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)-0.14
Shares Outstanding22,652,027
10 Day Avg. Volume132,829
30 Day Avg. Volume118,084
Financial Highlights & Ratios
PEG Ratio0.87
Price to Book (P/B)0.75
Price to Sales (P/S)4.34
P/FCF Ratio6.92
Enterprise Value/Market Cap0.82
Enterprise Value/Revenue5.84
Enterprise Value/Gross Profit-18.18
Enterprise Value/Ebitda7.85
Forecast
1Y Price Target
$17.88Price Target Upside3.56% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)-0.12
Revenue Forecast (FY)$71.50M
FrontView REIT, Inc. Business Overview & Revenue Model
Company Description
FrontView REIT specializes in real estate investing....
How the Company Makes Money
null...
FrontView REIT, Inc. Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
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.Positive Updates
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.
Negative Updates
Temporary NOI Drag from Re-Tenantings
Q1 benefited from termination income, re-tenanting activity and low property cost leakage; after normalizing for these items, Q2 run-rate cash NOI on the current portfolio is estimated at ~$15.7M—approximately $700,000 lower than Q1 actuals—creating short-term moderation in cadence.
Read all updates
Q1-2026 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
FrontView maintained a fully funded net investment target of $100.0M and raised full‑year AFFO per share guidance to $1.29–$1.33 (midpoint ≈ $1.31, ~5% YoY at midpoint, ~7% at the high end), reflecting strong Q1 operations (adjusted cash revenue $16.3M, +$0.707M sequentially; Q1 AFFO ≈ $0.34); Q1 activity included 10 acquisitions for $34M at an average cash cap rate of 7.5% (WALT 9.4 years, median purchase $2.3M, median rent/box $170k, weighted Placer.ai score 26) and dispositions expected $40M–$50M for the year; normalized Q2 run‑rate cash NOI is ~$15.7M (≈$0.7M below Q1 after removing episodic items), Q2 acquisition cap rates are expected to settle ~7.3%–7.4%, and bad debt is modeled near ~50 bps; balance‑sheet metrics include revolver $114M, cash interest expense $3.8M, net debt/annualized adjusted EBITDAre 5.3x (4.4x including $50M preferred capacity), LTV 32.6%, fixed charge coverage 3.5x, and a quarterly dividend of $0.215 (AFFO payout 63.2%, the lowest since IPO).FrontView REIT, Inc. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
78
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.06M | 67.11M | 59.92M | 48.27M | 39.86M | 33.90M |
| Gross Profit | -22.20M | -8.84M | 47.32M | 36.69M | 30.81M | 27.07M |
| EBITDA | 51.40M | 45.91M | 23.21M | 30.42M | 29.98M | 25.87M |
| Net Income | -2.52M | -3.83M | -22.21M | -1.10M | -4.47M | -2.80M |
Balance Sheet | ||||||
| Total Assets | 869.77M | 854.44M | 821.81M | 772.01M | 626.79M | 34.99M |
| Cash, Cash Equivalents and Short-Term Investments | 9.29M | 13.52M | 5.09M | 11.60M | 41.08M | 552.18K |
| Total Debt | 14.17M | 14.47M | 281.27M | 453.87M | 298.93M | 0.00 |
| Total Liabilities | 355.61M | 361.22M | 299.13M | 574.94M | 311.10M | 3.17M |
| Stockholders Equity | 418.08M | 391.19M | 324.82M | 197.07M | 217.30M | 31.82M |
Cash Flow | ||||||
| Free Cash Flow | 41.13M | 42.13M | 20.51M | 17.14M | 23.10M | 16.73M |
| Operating Cash Flow | 41.14M | 42.13M | 20.53M | 17.22M | 23.10M | 16.79M |
| Investing Cash Flow | -34.76M | -56.30M | -97.17M | -93.81M | -82.20M | -149.18M |
| Financing Cash Flow | -394.00K | 22.59M | 64.61M | 52.64M | 68.30M | 138.75M |
FrontView REIT, Inc. Technical Analysis
Neutral
17.26
Price Trends
16.68
Positive
16.26
Positive
14.79
Positive
Market Momentum
0.27
Positive
51.54
Neutral
27.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FVR, the sentiment is Neutral. The current price of 17.26 is below the 20-day moving average (MA) of 17.70, above the 50-day MA of 16.68, and above the 200-day MA of 14.79, indicating a neutral trend. The MACD of 0.27 indicates Positive momentum. The RSI at 51.54 is Neutral, neither overbought nor oversold. The STOCH value of 27.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FVR.
FrontView REIT, Inc. Risk Analysis
FrontView REIT, Inc. disclosed 98 risk factors in its most recent earnings report. FrontView REIT, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
FrontView REIT, Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $492.13M | 179.51 | -0.64% | 5.74% | ― | ― | |
68 Neutral | $690.54M | 24.23 | 2.49% | 8.56% | 17.17% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $610.70M | 19.36 | 9.74% | 11.56% | 9.64% | -38.93% | |
63 Neutral | $500.32M | 36.73 | 8.11% | 9.03% | 10.12% | -7.92% | |
63 Neutral | $187.79M | -424.38 | 0.09% | 8.15% | -0.62% | -380.05% |
* Real Estate Sector Average
FVR
FrontView REIT, Inc.
17.60
6.79
62.83%
CTO
CTO Realty Growth
20.72
3.96
23.64%
GOOD
Gladstone Commercial
12.46
-0.43
-3.31%
OLP
One Liberty Properties
22.69
0.19
0.84%
MDV
Modiv
18.14
4.40
32.02%
FrontView REIT, Inc. Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
FrontView REIT Raises 2026 AFFO Outlook on Strong Q1
Positive
May 6, 2026
FrontView REIT reported first-quarter 2026 results on May 6, 2026, highlighting revenue growth to $18.2 million, a swing to positive net income of $0.4 million, and higher FFO and AFFO per share versus a year earlier. Management cited strong prope...
Business Operations and StrategyFinancial Disclosures
FrontView REIT Reports Q1 Acquisitions and Dispositions Progress
Positive
Apr 6, 2026
On April 6, 2026, FrontView REIT, Inc. reported that in the first quarter it acquired 10 properties for $33.9 million with a 7.49% cash yield, an average lease term of 9.4 years and 1.5% annual rent escalators. Over the same period it sold five pr...
Business Operations and StrategyPrivate Placements and Financing
FrontView REIT Launches $75 Million At-The-Market Program
Positive
Feb 27, 2026
On February 27, 2026, FrontView REIT, Inc. and its operating partnership entered into a $75 million at-the-market equity distribution agreement with a syndicate of major broker-dealers to offer and sell shares of its common stock from time to time...
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
FrontView REIT Reports First Full-Year 2025 Public Results
Positive
Feb 24, 2026
On February 24, 2026, FrontView REIT reported its fourth-quarter and full-year 2025 results, marking its first full year as a public company and highlighting active portfolio repositioning. For the quarter ended December 31, 2025, the company post...
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.