Slide 1: Investor Presentation
EX-99.1 Investor Presentation May 15, 2025
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 q Evaluation of retail shopping center portfolio performance highlighted unique, favorable characteristics of outparcels q Prior to FrontView formation, created a program to develop and sell
Slide 4: FrontView REIT Highlights
FrontView REIT Highlights Diversified Portfolio of Net Lease Properties 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 3/31/2025 2. Based on number of properties 3. Weighted by annualized base ren
Slide 6: Q1 2025 Business and Financial Update
Q1 2025 Business and Financial Update (1) q Acquired 17 new properties for $49.2 million at initial cash cap rate of 7.9%(2) and WALT of 12 years q 9 industries, 13 tenants and 13 states, including 8 new tenants and 2 new states Attractive q Subsequent to quarter end: Investment q Acquired 1 additio
Slide 7: Solid Q1 2025 Financial Results
Solid Q1 2025 Financial Results ABR ($mm) (1) Adjusted EBITDAre ($mm) (1) % $13.5 % $62.1 26 R: 1 9 GR : CAG CA $52.0 $10.7 Q1 24 Q1 25 Q1 24 Q1 25 FFO per share ($mm) (1) AFFO per share ($mm) (1) $6.4 5 5% $8.2 : % GR 65 CA GR: CA $4.2 $5.0 Q1 24 Q1 25 Q1 24 Q1 25 Notes: 1. Data as of 3/31/25 7
Slide 8: Delivered on stated ~$50mm of acquisitions at above average yields
Delivered on stated ~$50mm of acquisitions at above average yields Q1 25 Acquisition Activity Overview Q1 25 Acquisition Summary Statistics(1) Tenant Examples Properties Total Investment Amount Square Feet Number of States Number Of Industries IG Tenants Remaining Lease Term Avg. Cap Rate Notes: 1.
Slide 9: Updated 2025 Guidance
Updated 2025 Guidance Updated 2025 Guidance(1) Previous Current Δ AFFO per share $1.20 – $1.26 $1.20 – $1.26 –% Investment activity ($mm) $175 – $200 $125 – $145 -28%(2) Disposition activity ($mm) $5 – $20 $20 – $40 140%(2) Non-reimbursed property / operating expenses ($mm) $2.0 – $2.6 $2.0 – $2.6 –
Slide 10: A Differentiated Strategy Focused on Properties with Frontage
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 Sample Brands Brand Building Through Real Estate q Opportunity to build individ
Slide 11: FrontView's Real Estate: Compelling Risk and Return Characteristics
FrontView’s 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 Limited supply pipeline
Slide 12: High-Quality, Geographically Diversified Portfolio
High-Quality, Geographically Diversified Portfolio Geographic Overview (Property Count) (1) Top 10 States (% of ABR) (1) State % of ABR IL 14.2% TX 7.9% GA 7.1% NC 5.4% OH 5.1% TN 5.0% IN 4.5% PA 4.1% VA 3.9% FL 3.7% Top 10 60.9% Properties States MSAs and of the μSAs Top 30 MSAs (2) Notes: 1. Data
Slide 13: Portfolio Leased to a Diversified Group of Tenants and Target Industries
Portfolio Leased to a Diversified Group of Tenants and Target Industries Top 40 Tenant Brands (by % of ABR) (1) Industry Exposure (by % of ABR) (1) Credit Rating Investment Grade # Tenant Brands % of ABR (S&P / Moody’s / Rated Professional Fitch) Services Other 1 Dollar Tree 3.1% ü BBB 0.3% 1.3% 2 F
Slide 14: Well-Laddered Lease Maturity Schedule
Well-Laddered Lease Maturity Schedule FrontView maintains a weighted average remaining lease term of ~7.4 years (1) 14.0% FVR Lease Maturity Schedule (% of Rental Revenue) (2) 12.0% 11.0% 10.3% 10.3% 10.0% 9.0% 8.4% 8.0% 7.4% 7.2% 6.5% 6.0% 5.1% 4.5% 4.5% 4.5% 4.3% 4.0% 2.9% 2.5% 2.0% 1.6% 0.0% 2025
Slide 15: 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 (in thousands) 3/31/25 Interest rate Maturity Date (2) Revolving Credit Revolvin
Slide 16: 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 q Parcel size, location, and positioning q Building size, age, and drive-thru capability q Flexibility to serve multiple tenant uses q Acquired a Miller’s
Slide 17: 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 qFrontView has cultivated strong relationships with national qFrontView evaluates m
Slide 18: FrontView is a Dominant Institutional Buyer in the Single Tenant Marketplace
FrontView is a Dominant Institutional Buyer in the Single Tenant 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 portfolio of Properties with Frontage Instit
Slide 19: 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 20: 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 21: 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 Elizabeth Frank • CEO, RealD • Former Independent Director, Spirit Realty ü Non-staggered board Capital Noelle • CEO, Noelle Leveaux Concepts Le
Slide 22: 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 23: Definitions and Unaudited Non-GAAP Reconciliations (Continued)
Definitions and Unaudited Non-GAAP Reconciliations (Continued) EBITDA, EBITDAre, and Other Non-GAAP Operating Metrics (unaudited, in thousands) 23
Slide 24: Notes: Non-GAAP Reconciliations
Notes: NON-GAAP RECONCILIATIONS 24