Slide 1: Investor Presentation March 2025
EX-99.1 2 fvr-ex99_1.htm EX-99.1 Investor Presentation March 2025 EX-99.1
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 Careful Construction Of Unique Outparcel Portfolio Foundation Evaluation of retail shopping center portfolio performance highlighted unique, favorable characteristics of outparcels Prior to F
Slide 4: FrontView REIT Highlights
FrontView REIT Highlights Diversified Portfolio of Net Lease Properties With Frontage Experienced Management Team With Proven Track Record High Growth Prospects Through Consistent Actionable Acquisition Opportunities Competitive Advantages Within Vast Marketplace Value-Enhancing Asset Management Cap
Slide 5: Portfolio Snapshot
Source: Portfolio Snapshot(1) Left Border Right Border Notes: Portfolio Snapshot Data as of 12/31/2024 Based on number of properties Weighted by annualized base rent and does not include lease extensions As a percent of annualized base rent 307 2.4M 150 Total Properties Square Feet Brands 35 ~98% 7.
Slide 6: A Differentiated Strategy Focused on Properties with Frontage
Our Properties are strategically-located and mission-critical providing tenants with premium visibility, customer convenience and brand-building opportunities Convenience and Access Attracts tenants in the essential and experiential retail segments that demand high-profile physical locations that fa
Slide 7: FrontView's Real Estate: Compelling Risk and Return Characteristics
FrontView’s Real Estate: Compelling Risk and Return Characteristics Attractive Financial Characteristics Strong renewal probability Relatively low releasing capex Strong land values Premium rent per square foot Prime Real Estate Locations Prime street frontage locations Superior visibility & access
Slide 8: High-Quality, Geographically Diversified Portfolio
High-Quality, Geographically Diversified Portfolio Top 10 States (% of ABR) (1) Notes: 1. Data as of 12/31/2024 2. Top 30 U.S. MSAs by population, excluding California, per United States Census Bureau Geographic Overview (Property Count) (1) 307 Properties 35 States 109 MSAs 25 of the Top 30 MSAs (2
Slide 9: Portfolio Leased to a Diversified Group of Tenants and Target Industries
Portfolio Leased to a Diversified Group of Tenants and Target Industries Industry Exposure (by % of ABR) (1) Top 20 Tenant Brands (by % of ABR) (1) # Tenant Brands % of ABR Investment Grade Rated (2) Credit Rating (S&P / Moody’s / Fitch) 1 Fast Pace Urgent Care 2.9% - NA 2 Verizon 2.7% BBB+ / Baa1 3
Slide 10: Well-Laddered Lease Maturity Schedule
FVR Lease Maturity Schedule (% of Rental Revenue) (2) Well-Laddered Lease Maturity Schedule FrontView maintains a weighted average remaining lease term of ~7.2 years (1) Left Border Right Border Bottom Border Top Border Notes: Weighted by annualized base rent and does not include lease extensions As
Slide 11: Capital Structure Provides Flexibility for Growth
Capital Structure Provides Flexibility for Growth Strong pro forma balance sheet with no near-term maturities supports FrontView’s execution of its growth strategy Capital Structure Debt Outstanding and Net Debt Metrics Notes: Equity value as of 12/31/2024 Assumes exercise of all extension options;
Slide 12: Real Estate Focused Investment Strategy Supported by Comprehensive Underwriting Criteria
Market Conditions Trade area size / attractiveness Population growth and income levels Quality of local amenities and real estate Real estate fundamentals that support growth and occupancy Tenant Competitive Dynamics Competitive landscape and positioning Void analysis Proximity to nearest operating
Slide 13: Robust Sourcing Capabilities & Rigorous Selection Process
Robust Sourcing Capabilities & Rigorous Selection Process Sourcing: Multiple Channels of Opportunity FrontView has cultivated strong relationships with national and local brokerages across the country Brokers recognize FrontView as a reliable counterparty for time-sensitive, motivated sellers Vast N
Slide 14: FrontView is a Dominant Institutional Buyer in the Single Tenant Marketplace
1031 Exchange and Private Buyers Fragmented marketplace with unsophisticated buyers Institutional NNN Buyers “Lump-sum” capital deployment – large portfolios, riskier credit tenant sale/leasebacks, big box retailers “in the back” 6% 5% 7% 8% 4% Real Estate Type and Characteristics Big Boxes / Large
Slide 15: Robust asset management capabilities supported by years of experience
Robust asset management capabilities supported by years of iteration and experience COMPREHENSIVE ASSET MANAGEMENT TOOLKIT Real estate expertise and real-time portfolio monitoring support FrontView’s ability to promptly determine realistic, tailored asset management solutions when needed. Our asset
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 Key Governance Highlights Board of Directors (Independent) Board of Directors (Insiders) Prior Experience Prior Experience Elizabeth Frank CEO, RealD Former Independent Director, Spirit Realty Capital Noelle Leveaux CEO,
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)
Notes: (1) Reflects an adjustment to give effect to all investments during the quarter as if they had been acquired as of the beginning of the quarter. (2) 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. (3) Re
Slide 20: Non-GAAP Reconciliations
Notes: Non-GAAP Reconciliations