FrontView REIT Inc (FVR) News & EventsFVRFrontView REIT Inc

FrontView REIT Acquires 16 Properties for $50.6M in Q3

FrontView REIT provided third quarter investment activity and capital markets activity. "During the third quarter, we continued to execute on our growth strategy, acquiring 16 frontage properties in core markets while further enhancing the quality and diversification of the portfolio," said Stephen Preston, CEO. "Our investment opportunity set continues to expand at increasingly attractive returns, with acquisition yields rising during the quarter. Based on our current pipeline, we expect this trend to continue into the fourth quarter. At the same time, we recycled capital from dispositions at meaningfully lower yields than our new investments, creating an attractive spread on capital redeployment. With a strong balance sheet and significant available investment capacity, we believe FrontView is well positioned to capitalize on any opportunistic market dislocations ahead, driving long-term per-share growth." Third Quarter Capital Deployment: Acquired 16 properties for a purchase price of $50.6M with a cash yield of 7.6%. Sold 5 occupied properties for an aggregate $17.1M with a cash yield of 6.6%. Year-To-Date Capital Deployment: Acquired 43 properties for a purchase price of $142.6M with a cash yield of 7.5%. Sold 20 properties for an aggregate $49.7M, including 16 occupied properties with a cash yield of 6.9%. Capital Markets Activity: During the third quarter, sold 9,373 shares of common stock on a forward basis under the Company's at-the-market equity offering program at a weighted average gross price of $21.01 per share, generating gross proceeds of approximately $0.2M. The company issued and settled 1,699,165 shares of common stock that were sold on a forward basis under the Company's at-the-market equity offering program for net proceeds of $32.7M. Additionally, the company issued an aggregate of $20M in Series A Convertible Preferred Stock, bringing total drawn on the $75M of capacity to $45M, which it anticipates will be drawn on November 10. Of the initial $25M Series A Convertible Preferred Stock issued, one investor converted $6.7M into 392,158 common shares during the quarter.

Company Raises 2026 Net Investment Guidance to $110M

"Our second quarter investment activity continues to highlight the quality and depth of the opportunities we are sourcing within the market," said Steve Preston, Chairman and CEO. "Year-to-date, we have acquired more than $92M of properties, including over $58M across 17 properties in the second quarter, and we are increasing our 2026 net investment guidance from $100M to $110M. In addition, we raised $50.5M of new common equity during the quarter at a weighted average gross price of $19.50 per share, providing additional capacity to fund our external growth strategy through 2027 at our current acquisition pace." Quarter-to-date capital deployment: Acquired 17 properties for a purchase price of $58.2M with a cash yield of 7.34%. Sold 10 properties for an aggregate $22.9M, including 9 occupied properties with a cash yield of 7.12%. Year-to-date capital deployment: Acquired 27 properties for a purchase price of $92.0 million with a cash yield of 7.40%. Sold 15 properties for an aggregate $32.5M, including 11 occupied properties with a cash yield of 7.09%. Capital markets update: During the second quarter, we sold 2,588,775 shares of common stock under the Company's at-the-market equity offering program at a weighted average gross price of $19.50 per share, generating gross proceeds of approximately $50.5M. Of the total shares sold, 898,983 shares were issued and settled during the quarter, and 1,689,792 shares were sold on a forward basis. As of quarter-end, the Company had $50M of remaining capacity under its Series A Convertible Preferred Equity commitment and approximately $32.2M of estimated net proceeds available under unsettled forward equity sale agreements, assuming full physical settlement. Net investment guidance update: Increasing calendar year 2026 net investment guidance from $100M to $110M.

FrontView REIT Appoints Timothy McHugh as Independent Director

FrontView REIT (FVR) announced the appointment of Timothy McHugh to the Company's Board of Directors as an independent director, effective May 28, 2026. McHugh currently serves as Co-President and Chief Financial Officer of Welltower (WELL).