FVR on NYSE
FrontView REIT, Inc.
American real estate investment trust based in Dallas, incorporated in Maryland. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
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.3 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.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years (annual) or 1 quarters (quarterly), latest first.3
| 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.3
| 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.3
| 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 |
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 now7
- PresidentRandall Starr Oct 1, 2024 to now7
- Chief financial officerPierre Revol Jul 23, 2025 to now8
- Chief financial officerTimothy Dieffenbacher Oct 1, 2024 to Jul 23, 20259
- Chief operating officerDrew Ireland Oct 1, 2024 to now10
Board members and other officers (8)
- Chief Accounting OfficerSean Fukumura May 16, 2025 to now11
- Board memberTimothy McHugh Jun 1, 2026 to now12
- Board memberDaniel E. Swanstrom Ii. Oct 1, 2024 to now13
- Board memberElizabeth F. Frank Oct 1, 2024 to now14
- Board memberErnesto Perez Oct 1, 2024 to now15
- Board memberNoelle Leveaux Oct 1, 2024 to now16
- Board memberRandall Starr Oct 1, 2024 to now7
- Board memberRobert S. Green Oct 1, 2024 to now17
Named in SEC Form D filings
People the company listed in its private-offering notices.
Timeline
- Oct 1, 2024New chief executive Randall Starr becomes CEO7
Filings
209 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 37 major events, 88 insider forms, 28 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 209 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, 202619
- Prudential FinancialSCHEDULE 13G/A, 2 filings May 8, 2026 to Jul 8, 202620
- Charles FitzgeraldSCHEDULE 13D, 1 filing Apr 6, 202621
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Jan 30, 2025 to Mar 26, 202622
- Zimmer Partners, LPSCHEDULE 13G/A, 3 filings Feb 14, 2025 to Feb 17, 202623
- MILLENNIUM MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Oct 10, 2024 to Jan 6, 202624
- Alyeska Investment Group, L.P.SCHEDULE 13G/A, 3 filings Feb 14, 2025 to Aug 14, 202525
- HEITMAN REAL ESTATE SECURITIES LLCSCHEDULE 13G/A, 3 filings Oct 8, 2024 to Aug 14, 202526
- CITADEL ADVISORS LLCSCHEDULE 13G/A, 2 filings Oct 10, 2024 to May 15, 202527
- Clearance Capital LtdSCHEDULE 13G/A, 2 filings Feb 7, 2025 to Apr 28, 202528
- BlackRockSCHEDULE 13G, 1 filing Feb 4, 202529
- FMR LLCSC 13G, 1 filing Nov 7, 202430
Money raised
Private offerings the company reported to the SEC on Form D.
- Nov 12, 2025Raised $75 million in a private offering of equity Form D: 3 investors so far Form D
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.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12SEC EDGARTimothy McHugh, Board member
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- 14SEC EDGARElizabeth F. Frank, Board member
- 15SEC EDGARErnesto Perez, Board member
- 16SEC EDGARNoelle Leveaux, Board member
- 17SEC EDGARRobert S. Green, Board member
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