FrontView REIT, Inc. - FVR STOCK NEWS

FrontView REIT (NYSE: FVR) has scheduled its first quarter 2025 earnings release for Wednesday, May 14, 2025, after market close. The company will host an earnings conference call and audio webcast the following day, Thursday, May 15, 2025, at 10:00 a.m. Central Time.

Investors can access the live webcast in listen-only mode through the company's event portal. For those preferring to join by phone, U.S. participants can dial 1-800-549-8228 (toll free) or 1-646-564-2877 (local) using conference ID 67350. A replay of the conference call webcast will be available approximately one hour after the broadcast ends and will remain accessible for one year on the investor relations website.

FrontView REIT (NYSE: FVR) has reported its Q4 and full-year 2024 results, marking a successful first quarter as a public company. The REIT acquired over $100 million in high-quality assets at above-market cap rates, leveraging its differentiated sourcing strategy in less competitive markets.

The company's portfolio consists of 307 net leased commercial properties spanning 2.4 million rentable square feet, with a 97.7% occupancy rate. The properties are leased to 320 different tenants, with no single tenant accounting for more than 2.9% of annualized base rent (ABR). The weighted average lease term is 7.2 years.

FrontView has initiated its 2025 AFFO guidance of $1.20 to $1.26 per diluted share, with planned investments in real estate properties between $175-200 million and dispositions between $5-20 million. The company declared a quarterly dividend of $0.215 per common share, payable April 15, 2025.

FrontView REIT (NYSE: FVR) has announced the fixing of its $200 million term-loan at a three-year swap rate of 3.66%, resulting in an all-in borrowing rate of 4.96%. The strategic move aims to mitigate potential interest-rate risk through a fixed-rate structure. According to co-CEO and co-President Stephen Preston, the company maintains its focus on disciplined capital allocation and accretive investments to drive long-term shareholder value.

FrontView REIT (NYSE: FVR) reported its Q1 2025 investment activity, acquiring 14 new properties for $35.3 million at a 7.8% weighted average initial cash capitalization rate with 12.7-year average lease terms. The acquisitions span 7 industries, 11 tenants, and 11 states, with investment-grade tenants representing 34% of annualized base rent.

The company has 6 additional properties under contract for $20.7 million at an 8.2% cap rate. Portfolio occupancy remained strong at 98% by end of 2024. FrontView sold one property in February 2025 for $2.1 million at a 6.9% cap rate, gaining $0.05 million over purchase price.

Several properties including Hooters, TGI Fridays, and others are currently vacant but expected to be operational by late 2025. The company drew down its $200 million delayed draw term loan to repay asset-backed security facility, noting rising interest rates will impact 2025 AFFO.

FrontView REIT (NYSE: FVR) has provided a Q4 2024 business update and announced its upcoming earnings release schedule. During Q4, the company acquired 29 new properties for $103.4 million at a weighted average cash capitalization rate of 7.9% and an average lease term of 11.0 years. These acquisitions span 7 industries, 17 tenants, and 16 states, including 12 new tenants and four new states.

The company has drawn down its $200 million delayed-draw term loan with a five-year duration and repaid its $253 million ABS notes using the term loan proceeds, revolver borrowings, and cash. Post-quarter, FrontView acquired one property for $2.0 million and has signed PSAs for an additional $53.0 million in properties. The company expects to meet or exceed its $50 million acquisition target for Q1 2025.

FrontView REIT (NYSE: FVR) announced its Q3 2024 results and acquisition updates following its October IPO. The company reported a net loss of $3.3 million ($0.26 per unit) but generated AFFO of $4.8 million ($0.38 per unit). Post quarter-end, FVR acquired eight properties for $22.5 million with an 8.0% weighted average cash cap rate.

The REIT's portfolio includes 278 properties with 98.9% occupancy. They have $81.4 million in properties under PSA and expect to close over $75 million in acquisitions in Q4 2024. Following their IPO, which raised funds at $19.00 per share, they secured new credit facilities totaling $450 million. The company declared a quarterly dividend of $0.215 per share and projects Q4 2024 AFFO between $0.32-$0.34 per diluted share.

FrontView REIT (NYSE: FVR) has announced its schedule for the third quarter 2024 financial results release. The company will disclose its financial and operating results for the quarter ended September 30, 2024, after market close on November 13, 2024. A conference call and audio webcast will follow on November 14, 2024, at 10:00 a.m. Central Time. Additionally, the company's executive team will participate in the Nareit REITworld conference in Las Vegas on November 19-20, 2024.

FrontView REIT announced that underwriters exercised their option to purchase an additional 1,090,846 shares at $19.00 per share for its initial public offering. Following this exercise, the company's total share offering reached 14,290,846 shares, generating gross proceeds of approximately $271.5 million. The option closing will settle on October 23, 2024. The company's stock began trading on the NYSE under the ticker symbol FVR on October 2, 2024. Morgan Stanley, J.P. Morgan, Wells Fargo Securities, and BofA Securities served as joint book-running managers.

FrontView REIT (NYSE: FVR) has successfully closed its initial public offering (IPO) of 13,200,000 shares of common stock at $19.00 per share. The company raised approximately $231.9 million in net proceeds after deducting underwriting discounts, commissions, and estimated expenses. FrontView plans to use the funds to repay borrowings from its revolving credit facility and term loan credit facility, with any remaining proceeds allocated for general business purposes and potential future acquisitions.

The company's stock began trading on the New York Stock Exchange on October 2, 2024, under the ticker symbol FVR. Morgan Stanley, J.P. Morgan, Wells Fargo Securities, and BofA Securities served as joint book-running managers for the offering, with Capital One Securities and CIBC Capital Markets acting as co-managers.