NYSE : FVR
FrontView REIT, Inc. — Financial statements
Real Estate · REIT - Diversified · United States
Last price 18.54 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 550.09M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 68.52M | 66.53M | 59.66M | 48.27M | 39.86M | |
| Other Revenue | 239.00K | 239.00K | 255.00K | -38.00K | -108.92K | 5.04M |
| Total Revenue | 68.76M | 66.77M | 59.92M | 48.23M | 39.75M | 5.04M |
| Property Expenses | 9.25M | 9.74M | 12.60M | 11.58M | 9.05M | 339.98K |
| Selling, General & Administrative | 12.68M | 11.34M | 4.91M | 8.05M | 1.18M | 142.19K |
| Depreciation & Amortization | 31.74M | 33.11M | 29.05M | 24.73M | 21.80M | |
| Total Operating Expenses | 53.67M | 54.18M | 46.55M | 44.37M | 32.04M | 482.17K |
| Operating Income | 15.09M | 12.58M | 13.36M | 3.86M | 7.72M | 4.56M |
| Interest Expense | -17.28M | -18.02M | -23.35M | -18.38M | -12.46M | |
| Interest & Investment Income | 748.00K | 350.00K | ||||
| Currency Exchange Gain (Loss) | -33.00 | |||||
| EBT Excluding Unusual Items | -1.43M | -5.08M | -9.99M | -14.51M | -4.75M | 4.56M |
| Gain (Loss) on Sale of Assets | 13.49M | 11.93M | 337.00K | 725.00K | -201.44K | |
| Asset Writedown | -8.02M | -10.46M | -4.48M | -407.00K | ||
| Other Unusual Items | -1.60M | -1.60M | -16.50M | 12.99M | ||
| Pretax Income | 2.44M | -5.21M | -30.63M | -1.21M | -4.95M | 4.56M |
| Income Tax Expense | 218.00K | 350.00K | 580.00K | 316.00K | 430.23K | 1.33M |
| Earnings From Continuing Operations | 2.22M | -5.56M | -31.21M | -1.52M | -5.38M | 3.23M |
| Minority Interest in Earnings | -764.00K | 1.73M | 9.00M | 424.00K | 909.66K | |
| Net Income | 1.46M | -3.83M | -22.21M | -1.10M | -4.47M | 3.23M |
| Preferred Dividends & Other Adjustments | 1.19M | 583.00K | -19.10M | |||
| Net Income to Common | 271.00K | -4.41M | -3.12M | -1.10M | -4.47M | 3.23M |
| Basic Shares Outstanding | 21.92M | 19.76M | 16.26M | 2.24M | ||
| Diluted Shares Outstanding | 30.16M | 27.84M | 16.26M | 2.24M | ||
| EPS (Basic) | 0.01 | -0.22 | -0.19 | 1.44 | ||
| EPS (Diluted) | -0.05 | -0.22 | -0.19 | 1.44 | ||
| Dividend Per Share | 0.86 | 0.86 | 0.21 | |||
| Operating Margin | 21.95% | 18.84% | 22.30% | 8.01% | 19.41% | 90.44% |
| Profit Margin | 0.39% | -6.61% | -5.20% | -2.28% | -11.25% | 64.01% |
| EBITDA | 49.58M | 49.03M | 43.82M | 30.06M | 30.07M | |
| EBITDA Margin | 72.11% | 73.44% | 73.13% | 62.33% | 75.63% | |
| D&A For Ebitda | 34.49M | 36.45M | 30.45M | 26.20M | 22.35M | |
| EBIT | 15.09M | 12.58M | 13.36M | 3.86M | 7.72M | 4.56M |
| EBIT Margin | 21.95% | 18.84% | 22.30% | 8.01% | 19.41% | 90.44% |
| Funds From Operations (FFO) | 27.82M | 26.07M | 6.54M | 11.44M | 19.01M | 1.66M |
| FFO Per Share | 0.99 | 0.94 | 0.24 | |||
| Adjusted Funds From Operations (AFFO) | 36.34M | 34.72M | 8.98M | 21.05M | 21.05M | 1.43M |
| AFFO Per Share | 1.39 | 1.25 | 0.33 | |||
| FFO Payout Ratio | 66.62% | 63.55% | 22.95% | 145.45% | 82.49% | 90.71% |
| Effective Tax Rate | 8.94% | 29.22% | ||||
| Revenue as Reported | 69.51M | 67.11M | 59.92M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 754.99M | 698.67M | 679.01M | 618.45M | 443.13M | |
| Cash & Equivalents | 6.00M | 13.52M | 5.09M | 17.13M | 35.29M | 552.18K |
| Accounts Receivable | 11.68M | 12.53M | 10.93M | 9.29M | 7.67M | |
| Other Intangible Assets | 99.64M | 99.49M | 114.87M | 119.43M | 110.95M | |
| Restricted Cash | 5.79M | |||||
| Other Current Assets | 11.08M | 15.84M | 9.46M | 4.52M | 4.28M | |
| Trading Asset Securities | 2.54M | 332.00K | ||||
| Deferred Long-Term Charges | 4.12M | 3.74M | 2.45M | 3.19M | 315.97K | |
| Other Long-Term Assets | 19.37M | 34.43M | ||||
| Total Assets | 900.36M | 854.44M | 821.81M | 772.01M | 626.79M | 34.99M |
| Current Portion of Long-Term Debt | 1.76M | |||||
| Long-Term Debt | 329.10M | 314.25M | 266.54M | 436.45M | 281.31M | |
| Accounts Payable | 28.79M | 30.73M | 17.86M | 15.40M | 9.69M | 69.17K |
| Accrued Expenses | 2.06M | 84.41K | ||||
| Current Income Taxes Payable | 117.70K | |||||
| Other Current Liabilities | 1.34M | 2.69M | 2.20M | 601.53K | ||
| Long-Term Deferred Tax Liabilities | 2.29M | |||||
| Other Long-Term Liabilities | 12.51M | 11.79M | 14.73M | 17.42M | 17.91M | |
| Total Liabilities | 371.74M | 361.22M | 299.13M | 471.32M | 311.10M | 3.17M |
| Preferred Stock, Redeemable | 125.00K | |||||
| Common Stock | 236.00K | 221.00K | 173.00K | 197.07M | 217.18M | 31.82M |
| Additional Paid-In Capital | 471.99M | 420.02M | 331.48M | |||
| Retained Earnings | -37.16M | -28.15M | -6.83M | |||
| Comprehensive Income & Other | 2.26M | -901.00K | ||||
| Total Common Equity | 437.32M | 391.19M | 324.82M | 197.07M | 217.18M | 31.82M |
| Minority Interest | 91.30M | 102.03M | 197.86M | 103.62M | 98.39M | |
| Shareholders' Equity | 528.62M | 493.22M | 522.68M | 300.69M | 315.69M | 31.82M |
| Total Liabilities & Equity | 900.36M | 854.44M | 821.81M | 772.01M | 626.79M | 34.99M |
| Total Debt | 329.10M | 316.01M | 266.54M | 436.45M | 281.31M | |
| Net Cash (Debt) | -320.56M | -302.16M | -261.44M | -419.32M | -246.02M | 552.18K |
| Net Cash Per Share | -10.63 | -10.85 | -16.08 | 0.25 | ||
| Filing Date Shares Outstanding | 24.46M | 22.31M | 17.29M | 2.23M | ||
| Total Common Shares Outstanding | 23.65M | 22.11M | 17.29M | 2.24M | ||
| Book Value Per Share | 18.49 | 17.69 | 18.79 | 14.21 | ||
| Tangible Book Value | 337.68M | 291.71M | 209.95M | 77.64M | 106.23M | 31.82M |
| Tangible Book Value Per Share | 14.28 | 13.19 | 12.14 | 14.21 | ||
| Land | 350.78M | 329.48M | 332.94M | 314.75M | 233.74M | |
| Buildings | 458.56M | 417.39M | 386.46M | 332.43M | 229.18M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.46M | -3.83M | -31.21M | -1.10M | -4.47M | 3.23M |
| Depreciation & Amortization | 34.49M | 36.45M | 30.45M | 26.20M | 22.35M | |
| Other Amortization | 1.64M | 1.64M | 4.87M | 2.79M | 2.29M | |
| Gain (Loss) on Sale of Assets | -13.49M | -11.93M | -337.00K | -725.00K | 201.44K | |
| Gain (Loss) on Sale of Investments | -12.99M | |||||
| Asset Writedown | 8.02M | 10.46M | 4.48M | 407.00K | ||
| Stock-Based Compensation | 2.86M | 1.96M | 608.00K | |||
| Income (Loss) on Equity Investments | 1.80M | 2.60M | -5.04M | |||
| Change in Accounts Payable | 6.63M | 10.14M | -3.56M | 2.70M | 1.10M | -5.50K |
| Change in Other Net Operating Assets | 1.05M | -1.53M | -71.00K | 22.00K | 1.10M | |
| Other Operating Activities | 658.00K | -1.23M | 15.29M | -1.56M | -2.07M | 1.14M |
| Operating Cash Flow | 43.31M | 42.13M | 20.53M | 17.22M | 23.10M | -518.89K |
| Acquisition of Real Estate Assets | -150.67M | -125.42M | -104.97M | -75.04M | -85.22M | |
| Sale of Real Estate Assets | 77.24M | 70.49M | 10.08M | 5.30M | 2.00M | |
| Net Sale / Acq. of Real Estate Assets | -73.43M | -54.93M | -94.89M | -69.74M | -83.22M | |
| Cash Acquisition | -23.39M | |||||
| Investment in Marketable & Equity Securities | 816.00K | 1.02M | 2.50M | |||
| Other Investing Activities | -44.00K | -523.00K | ||||
| Investing Cash Flow | -71.63M | -56.30M | -97.17M | -93.81M | -82.20M | 2.50M |
| Long-Term Debt Issued | 57.00M | 268.50M | 110.39M | 10.00M | ||
| Long-Term Debt Repaid | -10.00M | -440.38M | -41.78M | -964.67K | ||
| Net Debt Issued (Repaid) | 11.50M | 47.00M | -171.88M | 68.61M | 9.04M | |
| Issuance of Common Stock | 17.16M | 271.40M | 10.88M | 27.87M | ||
| Repurchase of Common Stock | -7.08M | -3.10M | -704.54K | |||
| Common Dividends Paid | -18.54M | -16.57M | -1.50M | -16.64M | -15.68M | -1.50M |
| Preferred Dividends Paid | -337.00K | -32.00K | -28.00K | -16.00K | ||
| Total Dividends Paid | -18.87M | -16.60M | -1.53M | -16.65M | -15.68M | -1.50M |
| Other Financing Activities | -7.71M | -7.81M | -33.38M | -3.11M | 50.18M | |
| Net Cash Flow | -2.36M | 8.42M | -12.04M | -23.95M | 9.20M | -224.50K |
| Levered Free Cash Flow | 70.15M | 44.59M | 23.50M | 29.33M | 14.95M | 3.07M |
| Unlevered Free Cash Flow | 79.35M | 54.25M | 33.36M | 38.02M | 20.45M | 3.07M |
| Cash Interest Paid | 16.13M | 14.91M | 19.23M | 15.00M | 9.63M | |
| Change in Working Capital | 7.68M | 8.61M | -3.63M | 2.73M | 2.20M | 156.10K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 550.09M | 319.61M | 291.32M | |||
| Enterprise Value | 870.65M | 727.50M | 817.78M | |||
| Last Close Price | 18.54 | 14.22 | 16.37 | |||
| Price/FFO Ratio | 20.12 | 15.12 | 68.21 | |||
| Price/AFFO Ratio | 14.41 | 11.37 | 49.61 | |||
| PS Ratio | 8.00 | 4.79 | 4.86 | |||
| PB Ratio | 1.00 | 0.65 | 0.56 | |||
| P/OCF Ratio | 12.70 | 7.59 | 14.19 | |||
| EV/Sales Ratio | 12.66 | 10.90 | 13.65 | |||
| EV/EBITDA Ratio | 17.56 | 14.84 | 18.66 | |||
| EV/EBIT Ratio | 57.68 | 57.82 | 61.20 | |||
| Debt / Equity Ratio | 0.62 | 0.64 | 0.51 | 1.45 | 0.89 | |
| Debt / EBITDA Ratio | 6.64 | 6.45 | 6.08 | 14.52 | 9.36 | |
| Net Debt / Equity Ratio | 0.61 | 0.61 | 0.50 | 1.40 | 0.78 | -0.02 |
| Net Debt / EBITDA Ratio | 6.46 | 6.16 | 5.97 | 13.95 | 8.18 | |
| Asset Turnover | 0.08 | 0.08 | 0.07 | 0.07 | 0.12 | 0.15 |
| Quick Ratio | 0.67 | 0.75 | 0.90 | 1.51 | 3.61 | 0.63 |
| Current Ratio | 1.04 | 1.20 | 1.43 | 1.77 | 4.46 | 0.63 |
| Return on Equity (ROE) | 0.43% | -1.09% | -7.58% | -0.49% | -3.10% | 10.30% |
| Return on Assets (ROA) | 1.07% | 0.94% | 1.05% | 0.34% | 1.46% | 8.43% |
| Return on Invested Capital (ROIC) | 1.63% | 1.57% | 1.75% | 0.58% | 2.45% | 10.30% |
| Earnings Yield | -0.26% | -1.20% | -7.62% | |||
| Dividend Yield | 4.64% | 5.95% | 1.28% | |||
| Payout Ratio | 46.53% | |||||
| Buyback Yield / Dilution | -47.63% | -71.23% | 1.84% | |||
| Total Shareholder Return | -42.99% | -65.28% | 1.28% | 1.84% |