Overview
Compare with Bluerock Homes Trust, Inc., Alpine Income Property Trust, Inc. or Sachem Capital Corp., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs73¢$48.7M
- Interest27¢$18.0M
- Income tax1¢$350.0K
Out of $67.1M in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid39¢$16.6M
- Kept or used elsewhere61¢$25.6M
Out of $42.1M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years (annual) or 1 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Rental revenues | $66.5M | |
| Interest income on mortgage loans | $350.0K | |
| Other income | $239.0K | |
| Total revenues | $67.1M | |
| Depreciation and amortization | $33.1M | |
| Property operating expenses | $9.7M | |
| General and administrative expenses | $12.9M | |
| Total operating expenses | $55.8M | |
| Interest expense | $18.0M | |
| Gain on sale of real estate | -$11.9M | -$300.0K |
| Impairment loss | $10.5M | |
| Income taxes | $350.0K | |
| Total other expenses | $16.9M | |
| Operating loss | -$5.6M | |
| Net loss | -$5.6M | |
| Less: Net loss attributable to non-controlling interests | $1.7M | |
| Net loss attributable to NADG NNN Property Fund LP (Predecessor) and to FrontView REIT, Inc. (Successor) | -$3.8M | |
| Basic | 19.8M shares | |
| Diluted | 27.8M shares | |
| Basic | -$0.22 | |
| Diluted | -$0.22 | |
| Change in fair value of interest rate swaps | -$1.4M | |
| Comprehensive loss | -$7.0M | |
| Less: Comprehensive loss attributable to non-controlling interests | $2.3M | |
| Comprehensive loss attributable to NADG NNN Property Fund LP (Predecessor) and to FrontView REIT, Inc. (Successor) | -$4.7M |
| Period ending | 2024-12-31 |
|---|---|
| Rental revenues | $15.2M |
| Other income | $12.0K |
| Total revenues | $15.2M |
| Depreciation and amortization | $7.5M |
| Property operating expenses | $2.2M |
| General and administrative expenses | $2.8M |
| Total operating expenses | $12.4M |
| Interest expense | $3.5M |
| Impairment loss | $3.9M |
| Income taxes | $231.0K |
| Total other expenses | $7.6M |
| Operating loss | -$4.8M |
| Net loss | -$4.8M |
| Less: Net loss attributable to non-controlling interests | $1.8M |
| Net loss attributable to NADG NNN Property Fund LP (Predecessor) and to FrontView REIT, Inc. (Successor) | -$3.0M |
| Basic | 16.3M shares |
| Diluted | 27.6M shares |
| Basic | -$0.19 |
| Diluted | -$0.19 |
| Comprehensive loss | -$4.8M |
| Less: Comprehensive loss attributable to non-controlling interests | $1.8M |
| Comprehensive loss attributable to NADG NNN Property Fund LP (Predecessor) and to FrontView REIT, Inc. (Successor) | -$3.0M |
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 |
|---|---|---|---|---|
| Land | $329.5M | $332.9M | ||
| Buildings and improvements | $417.4M | $386.5M | ||
| Total real estate held for investment, at cost | $746.9M | $719.4M | ||
| Less accumulated depreciation | -$48.2M | -$40.4M | ||
| Real estate held for investment, net | $698.7M | $679.0M | ||
| Assets held for sale | $12.5M | $5.9M | ||
| Mortgage loans receivable | $10.3M | |||
| Cash and cash equivalents | $13.5M | $5.1M | ||
| Intangible lease assets, net | $99.5M | $114.9M | ||
| Other assets | $20.0M | $16.9M | ||
| Total Assets | $854.4M | $821.8M | ||
| Debt, net | $314.3M | $266.5M | ||
| Intangible lease liabilities, net | $14.5M | $14.7M | ||
| Accounts payable and accrued liabilities | $32.5M | $17.9M | ||
| Total liabilities | $361.2M | $299.1M | ||
| Common Stock, $0.01 par value 450,000,000 shares authorized, 22,111,165 shares issued and outstanding as of December 31, 2025 | $221.0K | $173.0K | ||
| Additional paid-in capital | $420.0M | $331.5M | ||
| Accumulated deficit | -$28.1M | -$6.8M | ||
| Accumulated other comprehensive loss | -$901.0K | |||
| Total FrontView REIT, Inc. equity | $391.2M | $324.8M | ||
| Non-controlling interests | $102.0M | $197.9M | ||
| Total equity | $493.2M | $522.7M | $164.3M | $197.1M |
| Total liabilities and equity | $854.4M | $821.8M | ||
| Common stock, par value | $0.01 | |||
| Common stock shares, authorized | 450.0M shares | |||
| Common stock, issued | 22.1M shares | |||
| Common stock, outstanding | 22.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 |
|---|---|---|---|---|
| Land | $329.5M | $332.9M | ||
| Buildings and improvements | $417.4M | $386.5M | ||
| Total real estate held for investment, at cost | $746.9M | $719.4M | ||
| Less accumulated depreciation | -$48.2M | -$40.4M | ||
| Real estate held for investment, net | $698.7M | $679.0M | ||
| Assets held for sale | $12.5M | $5.9M | ||
| Mortgage loans receivable | $10.3M | |||
| Cash and cash equivalents | $13.5M | $5.1M | ||
| Intangible lease assets, net | $99.5M | $114.9M | ||
| Other assets | $20.0M | $16.9M | ||
| Total Assets | $854.4M | $821.8M | ||
| Debt, net | $314.3M | $266.5M | ||
| Intangible lease liabilities, net | $14.5M | $14.7M | ||
| Accounts payable and accrued liabilities | $32.5M | $17.9M | ||
| Total liabilities | $361.2M | $299.1M | ||
| Common Stock, $0.01 par value 450,000,000 shares authorized, 22,111,165 shares issued and outstanding as of December 31, 2025 | $221.0K | $173.0K | ||
| Additional paid-in capital | $420.0M | $331.5M | ||
| Accumulated deficit | -$28.1M | -$6.8M | ||
| Accumulated other comprehensive loss | -$901.0K | |||
| Total FrontView REIT, Inc. equity | $391.2M | $324.8M | ||
| Non-controlling interests | $102.0M | $197.9M | ||
| Total equity | $493.2M | $522.7M | $164.3M | $197.1M |
| Total liabilities and equity | $854.4M | $821.8M | ||
| Common stock, par value | $0.01 | |||
| Common stock shares, authorized | 450.0M shares | |||
| Common stock, issued | 22.1M shares | |||
| Common stock, outstanding | 22.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years (annual) or 1 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$5.6M | |
| Depreciation and amortization | $33.1M | |
| Amortization of above/below market leases | $3.3M | |
| Amortization of financing transaction and discount costs | $1.6M | |
| Amortization of software costs | $35.0K | |
| Net cash received from derivative settlements | $1.0M | |
| Non-cash rental revenue adjustments | -$499.0K | |
| Gain on sale of real estate | -$11.9M | -$300.0K |
| Stock-based compensation, net | $2.0M | |
| Impairment loss | $10.5M | |
| Other assets | -$1.5M | |
| Accounts payable and accrued liabilities | $10.1M | |
| Net cash provided by operating activities | $42.1M | |
| Acquisition of real estate held for investment | -$125.4M | |
| Deposits on real estate held for investment | $305.0K | |
| Deferred leasing costs and other additions to real estate held for investment | -$2.3M | |
| Principal collections on mortgage loans receivable | $900.0K | |
| Net proceeds from sale of real estate | $65.2M | |
| Net proceeds from expropriation | $5.0M | |
| Additions to software costs | -$12.0K | |
| Net cash (used in) provided by investing activities | -$56.3M | |
| Proceeds from debt | $57.0M | |
| Repayment of debt | -$10.0M | |
| Cash distributions paid to stockholders | -$16.6M | |
| Cash distributions paid to Preferred Unit holders | -$32.0K | |
| Cash distributions paid to non-controlling interests | -$7.8M | |
| Net cash provided by (used in) financing activities | $22.6M | |
| Net increase (decrease) in cash and cash equivalents during the period | $8.4M | |
| Cash paid for interest | $14.9M | |
| Accrued real estate development and improvement costs | $5.0M | |
| Accrued deferred leasing fees | $314.0K | |
| Accrued deferred offering costs | $1.4M | |
| Increase in mortgage loan receivable in exchange for sale of real estate | $11.2M | |
| Conversion of OP Units to Common Stock and additional paid-in capital | $99.4M | |
| Distributions payable | $6.1M |
| Period ending | 2024-12-31 |
|---|---|
| Net loss | -$4.8M |
| Depreciation and amortization | $7.4M |
| Amortization of above/below market leases | $164.0K |
| Amortization of organization costs | $100.0K |
| Amortization of financing transaction and discount costs | $1.6M |
| Amortization of software costs | $8.0K |
| Non-cash rental revenue adjustments | -$237.0K |
| Stock-based compensation, net | $608.0K |
| Impairment loss | $3.9M |
| Other assets | -$285.0K |
| Accounts payable and accrued liabilities | -$5.7M |
| Net cash provided by operating activities | $2.7M |
| Acquisition of real estate held for investment | -$104.2M |
| Deposits on real estate held for investment | -$438.0K |
| Deferred leasing costs and other additions to real estate held for investment | -$629.0K |
| Net proceeds from sale of real estate | $148.0K |
| Net cash (used in) provided by investing activities | -$105.1M |
| Proceeds from issuance of Common Stock, net of $18,896 of offering costs, discounts, and commissions | $252.5M |
| Proceeds from debt | $268.5M |
| Repayment of debt | -$419.5M |
| Financing transaction costs | -$4.8M |
| Cash distributions paid to Preferred Unit holders | -$16.0K |
| Cash distributions paid to non-controlling convertible preferred interests | -$1.7M |
| Net cash provided by (used in) financing activities | $95.0M |
| Net increase (decrease) in cash and cash equivalents during the period | -$7.4M |
| Cash paid for interest | $2.7M |
| Accrued real estate development and improvement costs | $1.6M |
| Accrued deferred leasing fees | $224.0K |
| Accrued deferred offering costs | $391.0K |
| OP Units issued as consideration for Internalization | $17.7M |
| Reclassification of non-controlling preferred interests to non-controlling interests | $103.7M |
| Reclassification of partners' capital to non-controlling interests | $82.7M |
| Reclassification of partners' capital to Common Stock and additional paid-in capital | $40.7M |
| Conversion of OP Units to Common Stock and additional paid-in capital | $25.6M |
| Distributions payable | $6.1M |
| Offering costs, discounts, and commissions | $18.9M |
Corporate structure
FrontView REIT, Inc. sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of FrontView REIT, Inc.
- BlackRock Portfolio Management LLC Filed SCHEDULE 13G/A on FrontView REIT, Inc., latest Jul 8, 2026 (4 filings since Oct 17, 2025)
- Prudential Financial Filed SCHEDULE 13G/A on FrontView REIT, Inc., latest Jul 8, 2026 (2 filings since May 8, 2026)
- Charles Fitzgerald Filed SCHEDULE 13D on FrontView REIT, Inc., latest Apr 6, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on FrontView REIT, Inc., latest Mar 26, 2026 (4 filings since Jan 30, 2025)
- Zimmer Partners, LP Filed SCHEDULE 13G/A on FrontView REIT, Inc., latest Feb 17, 2026 (3 filings since Feb 14, 2025)
- MILLENNIUM MANAGEMENT LLC Filed SCHEDULE 13G/A on FrontView REIT, Inc., latest Jan 6, 2026 (2 filings since Oct 10, 2024)
- Alyeska Investment Group, L.P. Filed SCHEDULE 13G/A on FrontView REIT, Inc., latest Aug 14, 2025 (3 filings since Feb 14, 2025)
- HEITMAN REAL ESTATE SECURITIES LLC Filed SCHEDULE 13G/A on FrontView REIT, Inc., latest Aug 14, 2025 (3 filings since Oct 8, 2024)
- CITADEL ADVISORS LLC Filed SCHEDULE 13G/A on FrontView REIT, Inc., latest May 15, 2025 (2 filings since Oct 10, 2024)
- Clearance Capital Ltd Filed SCHEDULE 13G/A on FrontView REIT, Inc., latest Apr 28, 2025 (2 filings since Feb 7, 2025)
- BlackRock Filed SCHEDULE 13G/A on FrontView REIT, Inc., latest Apr 17, 2025 (2 filings since Feb 4, 2025)
- FMR LLC Filed SC 13G on FrontView REIT, Inc., latest Nov 7, 2024
- FrontView REIT, Inc. Dallas, Texas
- FVR Canada ULC Subsidiary · Canada
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What FrontView REIT, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $329.5M4 Dec 31, 2025 | $332.9M4 Dec 31, 2024 | −1.0% |
| Buildings and improvements | $417.4M4 Dec 31, 2025 | $386.5M4 Dec 31, 2024 | +8.0% |
| Operating-lease assets (leased space) | $600.0K4 Oct 2, 2024 |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $698.7M4 Dec 31, 2025 | $679.0M4 Dec 31, 2024 | +2.9% |
| Real estate investments, at cost | $746.9M4 Dec 31, 2025 | $719.4M4 Dec 31, 2024 | +3.8% |
| Real estate accumulated depreciation | $48.2M4 Dec 31, 2025 | $40.4M4 Dec 31, 2024 | +19.3% |
| Real estate properties | 3034 Dec 31, 2025 | 3074 Dec 31, 2024 | −1.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $13.5M4 Dec 31, 2025 | $5.1M4 Dec 31, 2024 | +165.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $192.7M4 Dec 31, 2025 | $197.4M4 Dec 31, 2024 | −2.4% |
| Accumulated amortization | $93.2M4 Dec 31, 2025 | $82.5M4 Dec 31, 2024 | +12.9% |
| Finite-lived intangibles, net | $99.5M4 Dec 31, 2025 | $114.9M4 Dec 31, 2024 | −13.4% |
Properties, in its own words
Please refer to Item 1. “Business” of this Annual Report on Form 10-K for information concerning our properties.
Item 2 of the 10-K filed Feb 25, 2026.8
Leadership
Who has led FrontView REIT, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerRandall Starr Oct 1, 2024 to now9
- PresidentRandall Starr Oct 1, 2024 to now9
- Chief financial officerPierre Revol Jul 23, 2025 to now10
- Chief financial officerTimothy Dieffenbacher Oct 1, 2024 to Jul 23, 202511
- Chief operating officerDrew Ireland Oct 1, 2024 to now12
Board members and other officers (8)
- Chief Accounting OfficerSean Fukumura May 16, 2025 to now13
- Board memberTimothy McHugh Jun 1, 2026 to now14
- Board memberDaniel E. Swanstrom Ii. Oct 1, 2024 to now15
- Board memberElizabeth F. Frank Oct 1, 2024 to now16
- Board memberErnesto Perez Oct 1, 2024 to now17
- Board memberNoelle Leveaux Oct 1, 2024 to now18
- Board memberRandall Starr Oct 1, 2024 to now9
- Board memberRobert S. Green Oct 1, 2024 to now19
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- FVR Canada ULC AB, Canada3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Oct 1, 20268-K Regulation FD disclosure21
- Sep 30, 20268-K Unregistered sale of shares22
- Sep 14, 20268-K Regulation FD disclosure23
- Aug 19, 20268-K Entered a material agreement24
- Aug 6, 20268-K Results of operations; Regulation FD disclosure25
- Jul 1, 20268-K Regulation FD disclosure26
- Jun 5, 20268-K Executive or director change27
- Jun 1, 20268-K Regulation FD disclosure28
- May 28, 20268-K Executive or director change; Regulation FD disclosure29
- May 27, 20268-K Shareholder vote30
- May 6, 20268-K Results of operations; Regulation FD disclosure31
- Apr 6, 20268-K Regulation FD disclosure32
- Oct 1, 2024New chief executive Randall Starr becomes CEO9
Calendar
Coming up
- Nov 5, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.32 a share, on Nov 12, 2025.33
When it reported results
- Aug 6, 2026Reported quarterly or annual results25
- May 6, 2026Reported quarterly or annual results31
- Feb 24, 2026Reported quarterly or annual results34
- Nov 12, 2025Reported quarterly or annual results35
- Aug 13, 2025Reported quarterly or annual results36
- May 14, 2025Reported quarterly or annual results37
- Mar 20, 2025Reported quarterly or annual results38
- Nov 13, 2024Reported quarterly or annual results39
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
210 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 37 major events, 88 insider forms, 29 large holders, 1 private raises, 47 other. The latest 20:
- Oct 6, 20264 EDGAR
- Oct 6, 20264 EDGAR
- Oct 1, 20268-K EDGAR
- Sep 30, 20268-K EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 14, 20268-K EDGAR
- Aug 19, 20268-K EDGAR
- Aug 19, 2026424B5 EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jul 23, 20264 EDGAR
- Jul 8, 2026SCHEDULE 13G/A EDGAR
- Jul 8, 2026SCHEDULE 13G/A EDGAR
- Jul 1, 20268-K EDGAR
- Jun 17, 20264 EDGAR
The 210 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
12 open-market trades by officers, directors and large owners since October 2021: 10 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 21, 2025 | Green Robert S.Director | Buy | 7,600 | $13.18 | $100.2K | Form 4 |
| Aug 20, 2025 | Preston StephenChairman, CEO and President | Buy | 14,831 | $13.18 | $195.5K | Form 4 |
| Aug 15, 2025 | FRANK ELIZABETH FDirector | Buy | 2,808 | $12.44 | $34.9K | Form 4 |
| Mar 25, 2025 | Starr RandallCo-CEO and Co-President | Buy | 3,716 | $13.34 | $49.6K | Form 4 |
| Mar 21, 2025 | Green Robert S.Director | Buy | 7,450 | $13.40 | $99.8K | Form 4 |
| Mar 21, 2025 | Preston StephenChairman, CEO and President | Buy | 16,568 | $13.51 | $223.8K | Form 4 |
| Nov 21, 2024 | Preston StephenChairman, CEO and President | Buy | 6,352 | $18.41 | $116.9K | Form 4 |
| Oct 16, 2024 | Preston StephenChairman, CEO and President | Sale | 3,540 | $18.72 | $66.3K | Form 4 |
| Oct 15, 2024 | Preston StephenChairman, CEO and President | Buy | 3,540 | $18.74 | $66.3K | Form 4 |
| Oct 8, 2024 | ALYESKA INVESTMENT GROUP, LLC10% owner | Sale | 1,008,738 | $18.32 | $18.5M | Form 4 |
| Oct 4, 2024 | Green Robert S.Director | Buy | 10,000 | $19.00 | $190.0K | Form 4 |
| Oct 3, 2024 | ALYESKA INVESTMENT GROUP, LLC10% owner | Buy | 810,810 | $19.11 | $15.5M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRock Portfolio Management LLCSCHEDULE 13G/A, 4 filings Oct 17, 2025 to Jul 8, 202640
- Prudential FinancialSCHEDULE 13G/A, 2 filings May 8, 2026 to Jul 8, 202641
- Charles FitzgeraldSCHEDULE 13D, 1 filing Apr 6, 202642
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Jan 30, 2025 to Mar 26, 202643
- Zimmer Partners, LPSCHEDULE 13G/A, 3 filings Feb 14, 2025 to Feb 17, 202644
- MILLENNIUM MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Oct 10, 2024 to Jan 6, 202645
- Alyeska Investment Group, L.P.SCHEDULE 13G/A, 3 filings Feb 14, 2025 to Aug 14, 202546
- HEITMAN REAL ESTATE SECURITIES LLCSCHEDULE 13G/A, 3 filings Oct 8, 2024 to Aug 14, 202547
- CITADEL ADVISORS LLCSCHEDULE 13G/A, 2 filings Oct 10, 2024 to May 15, 202548
- Clearance Capital LtdSCHEDULE 13G/A, 2 filings Feb 7, 2025 to Apr 28, 202549
- BlackRockSCHEDULE 13G/A, 2 filings Feb 4, 2025 to Apr 17, 202550
- FMR LLCSC 13G, 1 filing Nov 7, 202451
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Stephen Preston | $750.0K | $3.4M52 | |
| 2025 | Randall Starr | $370.2K | $2.2M52 | |
| 2025 | Pierre Revol | $201.6K | $1.7M52 | |
| 2025 | Drew Ireland | $400.0K | $976.1K52 | |
| 2024 | Chief Executive Officer and President | $181.8K | $5.3M52 | |
| 2024 | Former Co-ChiefExecutive Officer and Co-President | $181.8K | $3.5M52 | |
| 2024 | Chief Operating Officer | $97.0K | $1.1M52 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $75.0M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2025 | $75.0M | $75.0M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 4,457,044 | $90.2M | 0.0% | +1,628,895 |
| Fmr LLC | 3,387,054 | $68.5M | 0.0% | +40,123 |
| Prudential Financial Inc | 2,902,076 | $58.7M | 0.1% | +1,221,102 |
| First Eagle Investment Management, LLC | 1,301,652 | $26.3M | 0.0% | +724,526 |
| Vanguard Capital Management LLC | 967,699 | $19.6M | 0.0% | +53,366 |
| Geode Capital Management, LLC | 667,946 | $13.5M | 0.0% | +134,338 |
| Corient Private Wealth LP | 620,069 | $12.5M | 0.0% | −80,732 |
| State Street Corp | 491,800 | $10.1M | 0.0% | +106,748 |
| Chilton Capital Management LLC | 447,109 | $9.1M | 0.3% | +32,084 |
| Ameriprise Financial Inc | 427,170 | $8.6M | 0.0% | +53,490 |
| Morgan Stanley | 408,640 | $8.3M | 0.0% | −13,506 |
| Invesco Ltd. | 404,918 | $8.2M | 0.0% | +20,717 |
| Millennium Management LLC | 384,669 | $7.8M | 0.0% | +26,873 |
| Two Sigma Investments, LP | 290,934 | $5.9M | 0.0% | New |
| Citadel Advisors LLC | 242,360 | $4.9M | 0.0% | +217,522 |
| Daiwa Securities Group Inc. | 233,789 | $4.7M | 0.0% | +81,565 |
| Principal Financial Group Inc | 214,501 | $4.3M | 0.0% | −7,297 |
| Envestnet Asset Management Inc | 188,343 | $3.8M | 0.0% | +10,847 |
| Northern Trust Corp | 177,597 | $3.6M | 0.0% | +18,027 |
| Vanguard Fiduciary Trust Co | 148,971 | $3.0M | 0.0% | +12,380 |
| Vanguard Portfolio Management LLC | 145,427 | $2.9M | 0.0% | +26,969 |
| Jane Street Group, LLC | 132,723 | $2.7M | 0.0% | +65,746 |
| Marshall Wace, Llp | 129,974 | $2.6M | 0.0% | New |
| Dimensional Fund Advisors LP | 124,710 | $2.5M | 0.0% | +41,708 |
| First Dallas Securities Inc. | 114,700 | $2.3M | 0.8% | +18,750 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How FrontView REIT, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARFrontView REIT, Inc.1
- CIK0001988494
- Employer ID (EIN)93-21336718
- Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company8
- Incorporated inMaryland8
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address3131 Mckinney Avenue, Suite L10, Dallas, TX 752041
- Phone(469) 906-73001
- Shares outstanding24,455,953 as of Aug 4, 20267
- Public float$243.5M as of Jun 30, 20258
- AuditorKPMG LLP, Dallas, Texas PCAOB ID 185; no auditor attestation of internal control over financial reporting8
- On EDGAR sinceAug 23, 20231
- Filings211 in all: 4 (70), 8-K (36), 3 (15), SCHEDULE 13G/A (15), SCHEDULE 13G (9), CORRESP (7), UPLOAD (7), 10-Q (6)1
All 32 form types
DRS/A (5), DRSLTR (4), S-11/A (4), SC 13G (4), 424B5 (3), 10-K (2), 4/A (2), 8-K/A (2), ARS (2), DEF 14A (2), DEFA14A (2), EFFECT (2), 3/A (1), 424B4 (1), 8-A12B (1), CERT (1), D (1), DEL AM (1), DRS (1), FWP (1), S-11 (1), S-3 (1), S-8 (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Feb 25, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Apr 17, 2026
Latest 8-K (8-K) Oct 1, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value | FVR | The New York Stock Exchange |
From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).8
Risk factors and legal proceedings
The risks FrontView REIT, Inc. names in Item 1A of its 10-K filed Feb 25, 2026: 75 risks under these headings, as written.8
- Risks Related to Our Business and Properties
- Properties involve significant risks of tenant defaults and tenant vacancies, which could materially and adversely affect us.
- We have limited opportunities to increase rents under our long-term leases with tenants, which could impede our growth and materially and adversely affect us.
- The weighted average remaining term of our leases is 7.4 years, excluding renewal options, which will require us to undertake more re-leasing efforts that could materially and adversely affect us.
- Our financial results have and may continue to fluctuate in the future, which makes predicting our revenues, costs and expenses difficult, and any volatility in our future financial results could materially and adversely affect us.
- We may not be able to achieve growth through acquisitions at a rate that is comparable to our historical results, which could materially and adversely affect us.
- We have experienced net losses for the past four years and we may experience additional net losses in the future.
- We may not achieve the total returns we expect from our future acquisitions, which could materially and adversely affect us.
- We may not be able to obtain acquisition financing or obtain other capital from third-party sources on favorable terms, or at all, which could materially and adversely affect our growth prospects and our business.
- We may not be able to effectively manage our growth and any failure to do so could materially and adversely affect us.
- As we continue to acquire properties pursuant to our growth strategy, our portfolio may become less diversified which could materially and adversely affect us.
- We face increasing competition for acquiring properties from publicly traded REITs and companies, private institutional investors and business operators that may or may not have greater resources than we do, which could materially and adversely affect us.
The other 64 risks
- We face significant competition for tenants, which could materially and adversely affect us, including our occupancy, rental rates, and results of operations.
- The departure of any of our key personnel with long-standing business relationships could materially and adversely affect us.
- Tenant demand for properties may decline, which could materially and adversely affect us.
- Our portfolio is concentrated in certain states and MSAs and any adverse developments and/or economic downturns in these geographic markets could materially and adversely affect us.
- Our portfolio of properties is also concentrated in certain tenant brands and industries, and any adverse developments relating to one or more of these brands or industries could materially and adversely affect us.
- Our portfolio of properties is concentrated among tenants with non-investment grade credit ratings, and any adverse developments affecting the credit of these tenants could materially and adversely affect us.
- Our assessment that many of our tenants’ businesses are e-commerce resistant may prove to be incorrect, which could materially and adversely affect us.
- The decrease in demand for restaurant properties may materially and adversely affect us.
- If one or more of our top 20 tenant brands, which together represented approximately 39.3% of our ABR as of December 31, 2025, suffers a downturn in their business, it could materially and adversely affect us.
- We may be unable to renew leases, re-lease properties as leases expire, or lease vacant spaces on favorable terms or at all, which, in each case, could materially and adversely affect us.
- We could face issues related to condemnation, government taking, environmental contamination or damage and or destruction of our properties for a number of different reasons.
- We may experience tenant defaults, particularly from tenants that do not have an investment grade credit rating, which could materially and adversely affect us.
- Our underwriting and risk management procedures that we use to evaluate a tenant’s credit risk may fail, or otherwise not accurately reflect the risk of our investment, which could materially and adversely affect us.
- Any failure of one or more tenants to provide accurate or complete financial information could prevent us from identifying tenant problems that could materially and adversely affect us.
- If one or more of our tenants declares bankruptcy or becomes insolvent, then we may encounter significant difficulties in navigating those bankruptcy proceedings, which could materially and adversely affect us.
- Some of our leases may require us to pay or reimburse tenants for property-related expenses, which could materially and adversely affect us.
- Some of our tenants operate their businesses under franchise or license agreements, which, if terminated or not renewed prior to the expiration of their leases with us, would likely impair their ability to pay us rent, which could materially and adversely affect us.
- Our business may be adversely affected by changes in U.S. trade policy, including the imposition of tariffs and resulting effects.
- Security breaches and other technology disruptions could disrupt our operations, compromise our confidential information or information systems and expose us to liability, which could materially and adversely affect us.
- The use of artificial intelligence presents risks and challenges that may adversely impact our business and operating results or that of our tenants.
- Our properties may be subject to impairment charges which could materially and adversely affect us, including our financial condition.
- We face risks associated with repositioning or construction of real estate projects, which may materially and adversely affect us.
- Changes in accounting and reporting standards may materially and adversely affect us.
- We may acquire properties or portfolios of properties through tax deferred contribution transactions, which could result in stockholder dilution and limit our ability to sell such assets and materially and adversely affect us.
- Certain provisions of our leases or loan agreements may be unenforceable, which could materially and adversely affect us.
- We may become subject to litigation, which could materially and adversely affect us.
- We previously identified a material weakness and a significant deficiency in our internal control over financial reporting and may identify additional material weaknesses or significant deficiencies in the future, which could materially and adversely affect us and our ability to accurately and timely report our financial results.
- The costs of environmental contamination or liabilities related to environmental laws may materially and adversely affect us.
- We could become subject to liability for asbestos-containing building materials in the buildings on our property, which could cause us to incur additional expenses.
- Our properties may contain or develop harmful mold or suffer from other adverse conditions, which could lead to liability for adverse health effects and costs of remediation.
- Risks Related to Investments in Real Estate
- Our operating results are affected by economic and regulatory changes that impact the commercial real estate market in general, which could materially and adversely affect us.
- Global and U.S. financial markets and economic conditions may materially and adversely affect us.
- Our real estate investments are illiquid, which could materially and adversely affect us, including our financial condition and cash flows.
- Increases in interest rates may decrease the value of our properties, which could materially and adversely affect us.
- Inflation may materially and adversely affect us and our tenants, which could materially and adversely affect us.
- Natural disasters, terrorist attacks, other acts of violence or war, or other catastrophic events could materially and adversely affect us.
- We face risks associated with climate change, which could materially and adversely affect us.
- Our inability to effectively monitor and respond to the rapid and ongoing developments and expectations regarding our ESG practices may materially and adversely affect us.
- Insurance on our properties may not adequately cover all losses and any uninsured losses could materially and adversely affect us.
- Our costs of compliance with laws and regulations may require us or our tenants to make unanticipated expenditures that could reduce the investment return of our stockholders.
- Compliance with the ADA may require us to make unanticipated expenditures that could materially and adversely affect us.
- Compliance with fire, safety, environmental, and other regulations may require us to make unanticipated expenditures that could materially and adversely affect us.
- We may obtain only limited warranties when we acquire a property and may only have limited recourse if our acquisitions subject us to unknown liabilities.
- Risks Related to Debt Financing
- As of December 31, 2025, we had approximately $314.3 million principal balance of indebtedness outstanding (net of fees), which may expose us to the risk of default under our debt obligations.
- Market conditions could adversely affect our ability to refinance existing indebtedness on acceptable terms or at all, which could materially and adversely affect us.
- Our debt obligations may make it difficult to meet the REIT distribution requirements and avoid entity-level taxes.
- An increase in market interest rates could increase our interest costs on existing and future debt and could adversely affect our stock price, and a decrease in market interest rates could lead to additional competition for the acquisition of real estate, any of which could materially and adversely affect us.
- Disruptions in the financial markets and deteriorating economic conditions could adversely affect our ability to obtain debt financing on commercially reasonable terms and adversely impact our ability to implement our investment strategy and achieve our investment objectives.
- We may incur mortgage debt on our properties, which may subject us to certain risks, and the occurrence of any such risk could materially and adversely affect us.
- We have made mortgage loans to certain buyers of our properties and any default under such loans could materially and adversely affect our results of operations and financial condition.
- Failure to hedge effectively against interest rate changes may materially and adversely affect us.
- Our Revolving Credit Facility and Term Loan contain various covenants which, if not complied with, could accelerate our repayment obligations, thereby materially and adversely affecting us.
- Risks Related to Our Organizational Structure
- Our charter contains provisions, including ownership and transfer restrictions, that may delay, discourage, or prevent a takeover or change of control transaction that could otherwise result in a premium price to our stockholders.
- We have issued, and may in the future issue, preferred stock or separate classes or series of common stock, which could adversely affect the holders of our Common Stock.
- Termination of our employment agreements with certain members of our senior management team could be costly.
- We may experience adverse consequences as a result of the Internalization.
- Our ability to recover any loss that we may suffer as a result of the REIT Contribution Transactions and Internalization may be limited.
- Our board of directors may change our investment and financing policies without stockholder approval, which could materially and adversely alter the nature of an investment in us.
- Our rights and the rights of our stockholders to take action against our directors and officers are limited.
- Our bylaws designate specific courts in Baltimore, Maryland and the federal district courts of the United States as the exclusive forum for certain litigation that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us.
- We are a holding company with no direct operations and rely on funds received from the OP to pay liabilities.
- Our UPREIT structure may result in potential conflicts of interest between the interests of our stockholders and limited partners in the OP, which may materially and adversely impede business decisions that could benefit our stockholders.
- We are an “emerging growth company,” and we cannot be certain if the reduced SEC reporting requirements applicable to emerging growth companies will make our Common Stock less attractive to investors, which could make the market price and trading volume of our Common Stock more volatile and decline significantly.
- The value of an investment in our Common Stock may be reduced if we or any of our subsidiaries are required to register as an investment company under the Investment Company Act and, if we are subject to registration under the Investment Company Act, we will not be able to continue our business.
- U.S. Federal Income Tax Risks
Legal proceedings
From time to time, we are subject to various lawsuits, claims, and other legal proceedings that arise in the ordinary course of our business. We are not currently a party to legal proceedings that we believe would reasonably be expected to have a material adverse effect on our business, financial condition, or results of operations. We are not aware of any material legal proceedings to which we or any of our subsidiaries are a party or to which any of our property is subject, nor are we aware of any such legal proceedings contemplated by government agencies.
The opening of Item 3, Legal Proceedings.8
Sources
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- 14SEC EDGARTimothy McHugh, Board member
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- 16SEC EDGARElizabeth F. Frank, Board member
- 17SEC EDGARErnesto Perez, Board member
- 18SEC EDGARNoelle Leveaux, Board member
- 19SEC EDGARRobert S. Green, Board member
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- 21SEC EDGARRegulation FD disclosure
- 22SEC EDGARUnregistered sale of shares
- 23SEC EDGARRegulation FD disclosure
- 24SEC EDGAREntered a material agreement
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- 26SEC EDGARRegulation FD disclosure
- 27SEC EDGARExecutive or director change
- 28SEC EDGARRegulation FD disclosure
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- 30SEC EDGARShareholder vote
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- 32SEC EDGARRegulation FD disclosure
- 33NasdaqNasdaq calendar
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