FrontView REIT Announces First Quarter 2025 Results and Updates Full Year 2025 Guidance

About this update from Frontview Reit, Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":224,"url":"https://media.zenfs.com/en/business-wire.com/d3801bd29b1d1be42a23a49a29812ca9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/U488bpciETzp0Y7zNNMxnQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ0ODtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/d3801bd29b1d1be42a23a49a29812ca9","width":480,"height":224}},"lazy":false},{"type":"text","content":"DALLAS, May 14, 2025--(BUSINESS WIRE)--FrontView REIT, Inc. (NYSE: FVR) (the "Company", "FrontView", "we", "our", or "us"), today announced its operating results for the quarter ended March 31, 2025 and updated full year 2025 guidance for the Company.","length":301,"tagName":"p"},{"type":"text","content":"MANAGEMENT COMMENTARY","length":21,"tagName":"p"},{"type":"text","content":"Stephen Preston, Co-CEO and Chairman, commented, "We are pleased to report a very successful first quarter of 2025 from not only an acquisition standpoint, but also from an operational standpoint. We continue to demonstrate our ability to drive growth through accretive acquisitions; we acquired approximately $49.2 million of high-quality assets with frontage at a 7.9% average cash cap rate during the first quarter. Further, we continue to see significant opportunity in our marketplace to acquire assets at below market pricing as we continue to acquire outside the institutional landscape. Operationally, we generated AFFO of $0.30 due to certain operating efficiencies and strong rent collections for leased properties of 99.5%. As previously reported, based upon our asset management efforts to date on the recent vacant 12 properties, subject to customary due diligence and closing conditions, we expect the equivalent return of between approximately 3% and 4% of the approximately 4% year end ABR previously lost and expect this equivalent replacement income to come back online in Q4 2025 or in early 2026. Finally, subsequent to the quarter end, we announced the appointment of Randall Starr to serve as our Chief Financial Officer, in addition to continuing to serve as our Co-Chief Executive Officer and Co-President. We could not be more pleased with this outcome and look forward to continuing to work closely w...

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