FrontView REIT, Inc. issued 300,000 shares of Series A Convertible Preferred Stock at $100.00 per share on November 10, 2026, generating approximately $30.0 million from Maewyn FVR II LP, Rebound Investment, LP and Petrus Special Opportunities Fund, L.P.
FVR · FrontView REIT, Inc.
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FrontView reported nine-month total revenues of 54,818 (in thousands), up 8%, and net income of 4,906 (in thousands). On October 15, 2026, it extended both debt facilities to October 3, 2028, with one extension option to October 3, 2029.
Frontview maintained 2026 AFFO guidance of $1.32 to $1.34 per share, ended Q3 99.4% occupied and reported over $40 million under LOI or purchase and sale agreement, positioning it to meet or exceed approximately $120 million of full-year net investment.
FrontView REIT, Inc. reported Q3 AFFO of $0.33 per share, acquired 16 properties for $50.6 million, and promoted Pierre Revol to President while retaining his finance, treasury and secretary roles.
FrontView REIT, Inc.’s FrontView Operating Partnership LP entered Amendment No. 5 on October 15, 2026, extending the revolving credit facility and term loan maturities to October 3, 2028 and reducing applicable interest rate margins.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. FrontView (FVR) raised its 2026 AFFO/share guidance to $1.32–$1.34 (midpoint ~7% growth) and lifted net investment guidance to ~$120M, funded by a first-ever ATM equity raise of ~$50.5M that, combined with preferred capacity and unsettled forwards, fully funds the 2026–2027 plan.
- + Raised full-year 2026 net investment guidance to ~$120M from ~$110M
- + Issued first-ever ATM equity, raising $50.5M gross at $19.50/share, fully funding 2026–2027 plan
- + Acquired 17 properties for $58.2M at a 7.34% cash cap rate with a 7.3-year WALT
- + Achieved 115%+ recapture rate on 2026 renewals and 23% rent uplift on re-tenanted leases
- − Three properties re-tenanted this year will not generate most replacement rent until 2027, weighing on near-term growth
- − Dilution from first ATM equity raise, with $32.2M of forward shares still unsettled
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| # of Properties | 316 | Q2 2026 | — |
| Acquired properties | 17 | Q2 2026 | — |
| Acquisition Cash Cap Rate (Trailing Twelve Months) | 7.42% | Trailing Twelve Months | — |
| Acquisition Economic Yield (Trailing Twelve Months) | 7.63% | Trailing Twelve Months | — |
| Acquisition Investment (Trailing Twelve Months) | $149M | Trailing Twelve Months | — |
| Adjusted Cash NOI non-GAAP | 16.9M | Q2 FY2026 | — |
GAAP → non-GAAP reconciliationAdjusted NOI 17.45M (the result of another reconciliation in this filing)
-550K Straight-line rental revenue, net
= Adjusted Cash NOI 16.9M
|
|||
| Adjusted EBITDAre non-GAAP | 14.98M | Q2 FY2026 | — |
GAAP → non-GAAP reconciliationEBITDAre 12.06M (the result of another reconciliation in this filing)
+903K Current period investment activity
-142K Current period disposition activity
+1.07M Non-cash compensation expense
+278K Exclude non-recurring expenses
+815K Exclude write-offs of non-cash items
= Adjusted EBITDAre 14.98M
|
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| Adjusted Funds from Operations (“AFFO”) non-GAAP | 18.89M | Six months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationFunds from operations (FFO) 7.22M (non-GAAP)
-22K Straight-line rent adjustments
+400K Amortization of financing transaction and discount costs
+457K Amortization of above/below market lease intangibles
+1.07M Stock-based compensation
+0K Adjustment for structuring and public company readiness costs
+278K Other non-recurring expenses
= Adjusted funds from operations (AFFO) 9.4M
|
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| Adjusted Net Debt non-GAAP | 241.76M | As of June 30, 2026 | — |
| Adjusted Net Operating Income (“NOI”) non-GAAP | 17.45M | Q2 FY2026 | — |
| Adjusted NOI non-GAAP | 17.45M | For the three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationAdjusted EBITDAre 14.98M (the result of another reconciliation in this filing)
+2.46M General and administrative, net of non-recurring
= Adjusted NOI 17.45M
|
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| AFFO per share non-GAAP | $0.67 | Six months ended June 30, 2026 | — |
| AFFO per share payout ratio non-GAAP | 64.7% | Q2 2026 | — |
| Annual Escalators | 1.7% | Q2 2026 | — |
| Annualized Adjusted Cash NOI non-GAAP | 67.58M | As of June 30, 2026 | — |
| Annualized Adjusted EBITDAre non-GAAP | 59.92M | As of June 30, 2026 | — |
| Annualized Adjusted NOI non-GAAP | 69.78M | As of June 30, 2026 | — |
| Annualized base rent (ABR) | 66.9M | As of June 30, 2026 | — |
| Available Liquidity | $208M | Q2 2026 | — |
| Average rent per square foot | $23.28 | As of June 30, 2026 | — |
| Cash capitalization rate | 7.34% | Q2 2026 | — |
| Corporate / large franchisee | 96.1% | As of June 30, 2026 | — |
| Disposition Cash Cap Rate (Trailing Twelve Months) | 6.89% | Trailing Twelve Months | — |
| Disposition Proceeds (Trailing Twelve Months) | $74M | Trailing Twelve Months | — |
| Dividend Payout Ratio | 64.7% | Q2 2026 | — |
| Dividends per share as a percentage of AFFO non-GAAP | 64.2% | Six months ended June 30, 2026 | — |
| EBITDA non-GAAP | 14.17M | For the three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income 1.52M
+8.37M Depreciation and amortization
+4.19M Interest expense
+94K Income taxes
= EBITDA 14.17M
|
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| EBITDAre non-GAAP | 12.06M | Q2 FY2026 | — |
GAAP → non-GAAP reconciliationEBITDA 14.17M (the result of another reconciliation in this filing)
-2.26M Gain on sale of real estate
+156K Impairment loss
= EBITDAre 12.06M
|
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| FFO per share non-GAAP | $0.53 | Six months ended June 30, 2026 | — |
| Funds from Operations (“FFO”) non-GAAP | 14.9M | Six months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income (loss) attributable to OP common unitholders 1.1M
+8.23M Depreciation and amortization
-2.26M Gain on sale of real estate
+156K Impairment loss
= Funds from operations (FFO) 7.22M
|
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| Gross real estate investment | 985.89M | As of June 30, 2026 | — |
| Ground Lease | 10.9% | Q2 2026 | — |
| Ground Lease Portfolio - % of total portfolio ABR | 10.9% | Q2 2026 | — |
| Ground Lease Portfolio - Leases | 36 | Q2 2026 | — |
| Ground leases | 10.9% | As of June 30, 2026 | — |
| Investment grade % | 33.6% | As of June 30, 2026 | — |
| Lease Renewals Recapture Rate | 104.3% | Q2 2026 | — |
| Leases with Escalators | 97.5% | Q2 2026 | — |
| Median Square Feet per Box | 5,000 | Q2 2026 | — |
| Median State Placer.ai Score | 26.9 | Q2 2026 | — |
| Net Debt non-GAAP | 324M | As of June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Gross Debt $330M
-$6M Cash and cash equivalents
= Net Debt $324M
|
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| New Tenant Recapture Rate | 119.8% | Q2 2026 | — |
| Number of concepts | 165 | As of June 30, 2026 | — |
| Number of industries | 16 | As of June 30, 2026 | — |
| Number of leased properties | 9 | Q2 2026 | — |
| Number of leases | 336 | As of June 30, 2026 | — |
| Number of properties | 316 | As of June 30, 2026 | — |
| Number of states | 35 | As of June 30, 2026 | — |
| Portfolio occupancy | 99.4% | As of June 30, 2026 | — |
| Portfolio weighted average lease term (years) | 7.1 | As of June 30, 2026 | — |
| Properties | 316 | Q2 2026 | — |
| Properties Acquired (Trailing Twelve Months) | 37 | Trailing Twelve Months | — |
| Properties sold | 10 | the three months ended June 30, 2026 filing | — |
| Properties Sold (Trailing Twelve Months) | 31 | Trailing Twelve Months | — |
| Proximity to Shopping Centers | 91.8% | Q2 2026 | — |
| Rentable square feet | 2.89M | As of June 30, 2026 | — |
| Sold properties | 10 | Q2 2026 | — |
| Top 10 tenant concentration | 20.2% | As of June 30, 2026 | — |
| Top 100 MSA | 78.5% | Q2 2026 | — |
| Top Tenant ABR % | 2.6% | Q2 2026 | — |
| Total leverage ratio | 33% | Q2 2026 | — |
| Total liquidity | 208.24M | As of June 30, 2026 | — |
| WALT | 7.1 | Q2 2026 | — |
| Weighted average lease term (WALT) | 7.1 | As of June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Diversified — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FVR
this stock
FrontView REIT, Inc.
|
$501.07M | +27.0% | — | — | 2.9% |
|
VICI
Vici Properties Inc.
|
$27.54B | -11.1% | +4.1% | 11.5 | 2.7% |
|
WPC
W. P. Carey Inc.
|
$15.11B | +2.0% | +8.4% | 23.2 | 3.9% |
|
BNL
Broadstone Net Lease, Inc.
|
$3.38B | +1.3% | +5.2% | 23.2 | 10.6% |
|
GNL
Global Net Lease, Inc.
|
$1.47B | -23.5% | -13.1% | — | 6.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 10, 2026
- This year
- 27
FrontView REIT, Inc. issued 300,000 shares of Series A Convertible Preferred Stock at $100.00 per share on November 10, 2026, generating approximately $30.0 million from Maewyn FVR II LP, Rebound Investment, LP and Petrus Special Opportunities Fund, L.P.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FVR | -1.7% | +9.3% | +4.8% | +1.1% | +27.0% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -4.3% | +10.5% | +4.3% | +1.3% | +16.4% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.