FrontView REIT, Inc. SEC Filings

Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander filed an amended Schedule 13G reporting their beneficial ownership in FrontView REIT, Inc.

The filing shows beneficial ownership of 393,764 shares of FrontView REIT common stock, representing 1.8% of the outstanding class as of the event date. All reported voting and dispositive power over these shares is shared, with no sole voting or dispositive power reported for any of the filers.

The group states that the securities were not acquired and are not held for the purpose of changing or influencing control of FrontView REIT, but instead are reported on a passive basis consistent with Schedule 13G requirements.

FrontView REIT, Inc. is registering up to $200,000,000 of securities for future offerings. The shelf registration allows the company and its operating partnership, FrontView Operating Partnership LP, to issue common stock, preferred stock, depositary shares, warrants, rights, guarantees of OP debt, and OP debt securities over time, with specific terms to be set in later prospectus supplements.

FrontView is an internally managed net-lease REIT focused on well-located, high-visibility frontage properties net leased to service-oriented and retail tenants. As of September 30, 2025, it owned 307 properties across 37 U.S. states through the operating partnership. The company’s common stock trades on the NYSE under the symbol FVR, with a last reported sale price of $15.41 per share on December 17, 2025.

Unless a supplement states otherwise, net proceeds from primary offerings are intended to be contributed to the operating partnership in exchange for OP units, with the OP applying funds as described in the applicable supplement. Any offerings by selling security holders would not provide proceeds to FrontView. The REIT also highlights risk factors, forward-looking statement caution, and extensive anti-takeover and ownership-limit provisions under Maryland law and its charter.

FrontView REIT, Inc. has filed a shelf registration to offer up to $200,000,000 in aggregate of common stock, preferred stock, depositary shares, warrants, rights and guarantees of debt securities, together with debt securities issued by FrontView Operating Partnership LP.

FrontView is an internally managed net-lease REIT that owns 307 properties with direct frontage across 37 U.S. states as of September 30, 2025, leased to a diversified mix of service-oriented and retail tenants. The REIT holds approximately 76.4% of the outstanding OP units in its operating partnership.

Unless a prospectus supplement states otherwise, FrontView expects to contribute net proceeds from future offerings to the operating partnership in exchange for OP units, with the OP applying funds as described in each supplement. Pending use, proceeds may be invested in short-term interest-bearing instruments consistent with maintaining REIT status. FrontView’s common stock trades on the NYSE under the symbol “FVR,” with a last reported sale price of $15.45 on December 5, 2025.

FrontView REIT, Inc. (FVR) reported initial insider holdings for a director and 10% owner as of 11/13/2025. The reporting person indirectly holds 944,064 shares of common stock through Maewyn FVR LP, over which Mr. Charles P. Fitzgerald has voting and dispositive control, while disclaiming beneficial ownership beyond any pecuniary interest. In addition, the reporting persons have an obligation to purchase 300,000 shares of Series A Convertible Preferred Stock at $100.00 per share, for an aggregate purchase price of $30,000,000, in one or more issuances that must start within 90 days and can continue until November 12, 2026. This preferred stock is convertible into 1,764,705 shares of common stock based on a 5.88235 conversion ratio, with conversion at the election of the reporting persons or, in certain circumstances, at the election of the issuer, and is subject to specified issuer redemption rights.

FrontView REIT, Inc. entered into an Investment Agreement with Maewyn FVR II LP, Rebound Investment, LP and Petrus Special Situations Fund, L.P. for a private placement of 750,000 shares of new Series A Convertible Preferred Stock at $100 per share, targeting gross proceeds of about $75.0 million. The preferred stock carries a 6.75% annual cash dividend on its $100 liquidation preference, stepping up to 8% four years after the last issuance and increasing by 2% annually thereafter up to 12%, and is senior to common stock for dividends and liquidation.

Holders may convert each share into 5.88235 shares of common stock, implying a $17.00 conversion price, with anti-dilution protections and additional adjustments in a change of control. The company can redeem the preferred after three years, subject to liquidity, stockholder approval and registration conditions, and will issue Warrants upon redemption that allow holders to buy common stock at the then-current conversion price for up to five years. Maewyn receives one board seat, consent rights on leverage (including a 7.00 to 1.00 total leverage cap), REIT status and certain affiliate transactions, plus registration and piggyback rights, while agreeing to standstill restrictions.

The placement is being made as an unregistered offering under Section 4(a)(2) and Rule 506 of Regulation D. The board expanded from seven to eight members and appointed Charles Fitzgerald, Managing Partner and Founder of Maewyn Capital Partners LLC, as an independent director to serve until the 2026 annual meeting.

FrontView REIT, Inc. (FVR) reported stronger Q3 2025 results. Total revenues were $16.8 million, up from $14.5 million a year ago, driven by higher contractual rents and recoveries. Net income was $5.5 million, and net income attributable to common shareholders was $4.0 million, delivering diluted EPS of $0.19. Operating expenses were $12.7 million, and other income benefited from a $7.6 million gain on real estate sales.

Year-to-date, revenue reached $50.6 million with a small net loss attributable to common of $0.3 million as higher depreciation and non-cash items weighed on results. The company owned 307 properties across 37 states and executed active portfolio management: it acquired 25 properties for $83.8 million and sold 25 properties for $57.6 million, recording $4.3 million of gains and $5.0 million of state expropriation proceeds.

Liquidity and balance sheet were bolstered: cash was $19.6 million, and debt, net, was $307.1 million, largely a $200.0 million term loan and $108.5 million drawn on a $250.0 million revolver, both maturing in October 2027. Interest rate risk is hedged via $200.0 million of swaps at 3.664% on the term loan and $100.0 million of sequential swaps on the revolver at a weighted average 3.22%. The board declared quarterly dividends of $0.215 per share in each of March, June, and September (total $0.645 for the period). Shares outstanding were 21,653,669 as of November 10, 2025.

FrontView REIT, Inc. reported an administrative update: it furnished an investor presentation under Item 7.01 (Regulation FD). The company states this information is being furnished and shall not be deemed filed for purposes of Section 18 of the Exchange Act, and it is not incorporated by reference into other filings except by specific reference. The presentation is provided as an exhibit.

• Exhibit 99.1: FrontView REIT, Inc. Investor Presentation, dated November 12, 2025
• Exhibit 104: Cover Page Interactive Data File (Inline XBRL)