Slide 1: Investor Presentation
EX-99.1 Investor Presentation November 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by FrontView REIT, Inc. ("we," "us," "our," "FrontView" or the "Company") for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise or representation by
Slide 3: FrontView REIT's Evolution
FrontView REIT’s Evolution Investment Thesis Formulated Through Decades of Experience Developing Real Estate } Evaluation of retail shopping center portfolio performance highlighted unique, favorable characteristics of outparcels } Prior to FrontView formation, created a program to develop and sell
Slide 4: FrontView REIT Highlights
FrontView REIT Highlights Diversified Portfolio of Net Lease Outparcels With Frontage Competitive Advantages Within Vast Marketplace High Growth Prospects Through Consistent Actionable Acquisition Opportunities Value-Enhancing Asset Management Capabilities Experienced Management Team With Proven Tra
Slide 5: Portfolio Snapshot
Portfolio Snapshot(1) Total Properties Square Feet Brands States Occupancy (2) Remaining Lease Term (3) IG Tenants Highest Tenant Top 10 Tenant Brands Concentration Concentration (4) Notes: 1. Portfolio Snapshot Data as of 9/30/2024 2. Based on number of properties 3. Weighted by annualized base ren
Slide 6: A Differentiated Strategy Focused on Outparcels with Frontage
A Differentiated Strategy Focused on Outparcels with Frontage Outparcels are strategically-located and mission-critical properties that provide tenants with premium visibility, customer convenience and brand-building opportunities Sample Brands Brand Building Through Real Estate } Opportunity to bui
Slide 7: Outparcel Real Estate: Compelling Risk and Return Characteristics
Outparcel Real Estate: Compelling Risk and Return Characteristics 1 Prime Real Estate Locations 2 High Quality Tenant Base ü Prime street frontage locations ü High quality, household name tenants ü Superior visibility & access ü E-commerce resistant, service-based tenants ü Constrained supply of exi
Slide 8: High-Quality, Geographically Diversified Portfolio
High-Quality, Geographically Diversified Portfolio Geographic Overview (Property Count) (1) Top 10 States (% of ABR) (1) State % of ABR ME IL 12.1% 3 TX 8.6% MN GA 6.7% 7 WI OH 6.3% MI RI 1 NY 8 1 NC 5.7% 7 FL 5.1% NV PA 8 3 CT TN 5.0% UT IL IN OH 10 VA 4.8% NJ 1 CO 21 PA 4.8% 2 MO 28 11 3 NY 4.1% 1
Slide 9: Portfolio Leased to a Diversified Group of Tenants and Target Industries
Portfolio Leased to a Diversified Group of Tenants and Target Industries Top 20 Tenant Brands (by % of ABR) (1) Industry Exposure (by % of ABR) (1) % of Investment Credit Rating Other Fitness # Tenant Brands Car Washes 0.7% Professional Services ABR Grade Rated (S&P / 0.9% (2) 3.6% 0.3% Moody’s) 1 V
Slide 10: Well-Laddered Lease Maturity Schedule
Well-Laddered Lease Maturity Schedule FrontView maintains a weighted average remaining lease term of ~6.7 years FVR Lease Maturity Schedule (% of Rental Revenue) (1) 14.0% 13.7% 12.0% 10.1% 10.0% 9.6% 9.5% 8.6% 8.3% 8.0% 7.2% 6.0% 6.0% 4.9% 4.2% 4.2% 4.3% 3.9% 4.0% 2.5% 2.0% 1.2% 0.9% 0.9% 0.0% 2024
Slide 11: Capital Structure Provides Flexibility for Growth
Capital Structure Provides Flexibility for Growth Conservative pro forma balance sheet with no near-term maturities supports FrontView’s execution of its growth strategy Pro Forma Capital Structure Debt Outstanding and Net Debt Metrics (2) (in thousands) IPO generated ~$250M in net proceeds that wer
Slide 12: Real Estate Focused Investment Strategy Supported by Comprehensive Underwriting Criteria
Real Estate Focused Investment Strategy Supported by Comprehensive Underwriting Criteria Land and Building Characteristics Acquisition Case Study } Parcel size, location, and positioning } Acquired a Buffalo Wild Wings in Austin, TX with direct } Building size, age, and drive-thru frontage on Inters
Slide 13: Robust Sourcing Capabilities & Rigorous Selection Process
Robust Sourcing Capabilities & Rigorous Selection Process Sourcing: Multiple Channels of Opportunity Selection: Efficient Screening & Underwriting Process Vast Network of Brokerage Relationships Preliminary Screening } FrontView has cultivated strong relationships with national } FrontView evaluates
Slide 14: FrontView is a Dominant Institutional Buyer in the Single Tenant Outparcel Marketplace
FrontView is a Dominant Institutional Buyer in the Single Tenant Outparcel Marketplace FVR is uniquely positioned to acquire high-quality properties at opportunistic pricing Proposed Acquisition Cap Rate vs. Real Estate Quality & Tenant Credit 8% Highly diversified outparcel portfolio Institutional
Slide 15: Active Asset Management Approach
Active Asset Management Approach Robust asset management capabilities supported by years of iteration and experience Real estate expertise and real-time portfolio monitoring support FrontView’s ability to promptly determine realistic, tailored asset management solutions when needed. Our asset manage
Slide 16: Fully Integrated Scalable Platform & Experienced Management Team
Fully Integrated Scalable Platform & Experienced Management Team FrontView REIT has a fully integrated, internally managed real estate platform with extensive experience acquiring, developing / re-developing, managing, leasing, and disposing of assets. The REIT’s team encompasses all major areas of
Slide 17: Experienced Board of Directors Committed to Corporate Governance Best Practices
Experienced Board of Directors Committed to Corporate Governance Best Practices Board of Directors (Independent) Key Governance Highlights Prior Experience • Former Independent Director, Spirit Realty Elizabeth Frank Capital • EVP, Worldwide Programming & Chief ü Non-staggered board Content Officer,
Slide 18: Definitions and Unaudited Non-GAAP Reconciliations
Definitions and Unaudited Non-GAAP Reconciliations Adjusted Secured Overnight Financing Rate (SOFR): We define Adjusted SOFR as the current one month term SOFR plus an adjustment of 0.10% per the terms of our credit facilities. Annualized Base Rent (ABR): We define ABR as the annualized contractual
Slide 19: Definitions and Unaudited Non-GAAP Reconciliations (Continued)
Definitions and Unaudited Non-GAAP Reconciliations (Continued) Notes: 1. Reflects an adjustment to give effect to all dispositions during the quarter as if they had been sold as of the beginning of the quarter. 2. Reflects an adjustment to exclude non-cash stock-based compensation expense. 3. Reflec
Slide 20: Notes: Non-GAAP Reconciliations
Notes: NON-GAAP RECONCILIATIONS 20