FrontView REIT, Inc. (FVR) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

This call is being recorded on Thursday, August 14th, 2025. I would now like to turn the conference over to Pierre Rivaux, CFO. Please go ahead, sir. Thank you, operator, and thank you, everyone, for joining us for Frontview's second quarter 2025 earnings call. I will be joined on the call by Steve Preston, Chairman and CEO. Drew Ireland, our Chief Operating Officer, will be available for Q&A. Before we get started, I would like to remind everyone that this presentation includes forward-looking statements. Although we believe these forward-looking statements are based on reasonable assumptions, they are subject to known and unknown risk and uncertainties that can cause pastoral results to differ materially from those currently anticipated due to a number of factors. I refer you to the Safe Harbor Statement and our most recent filing with the SEC for a detailed discussion of risk factors related to these forward-looking statements. This presentation also contains certain non-GAAP financial metrics. Reconciliation of non-GAAP financial metrics and most directly comparable GAAP metrics are included in the exhibits furnished to the SEC under Form 8-K, which include our earnings release and supplemental package. These materials are also available on the investor relations page of our company's website, along with our investor presentation. I'm now pleased to introduce Steve Preston. Steve? Thank you, Pierre, and good morning, everyone. As a reminder for our new investors, Frontview is a diversified net lease REIT that primarily focuses on high visibility frontage properties, typically with smaller box sizes, which are leased to household name tenants. As of June 30th, our portfolio consisted of 319 properties leased to 334 tenants operating across 16 industries. Our portf...