FrontView REIT Inc. (FVR)
NYSE NYSE Primary 
FrontView REIT, Inc. (FVR) Q3 2025 Earnings Call Transcript
FrontView REIT, Inc. ( FVR ) Q3 2025 Earnings Call November 13, 2025 11:00 AM EST Company Participants Pierre Revol - CFO, Principal Financial Officer, Treasurer & Secretary Stephen Preston - CEO & Chairman of The Board Conference Call Participants Anthony Paolone - JPMorgan Chase & Co, Research Division William John Kilichowski - Wells Fargo Securities, LLC, Research Division Jana Galan - BofA Securities, Research Division Ronald Kamdem - Morgan Stanley, Research Division Daniel Guglielmo - Capital One Securities, Inc., Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to the FrontView REIT's Q3 2025 Earnings Call. [Operator Instructions] This call is being recorded on Thursday, November 13, 2025.
FrontView: Strategic Investment Can Lift Shares
FrontView REIT is rated a "Buy" after recent strategic actions and solid Q3 results, despite prior stock underperformance and management turnover. FVR's diversified portfolio, long lease terms, and limited e-commerce exposure support stable cash flows, with recent lease renewals driving higher rents. A $75 million convertible preferred issuance provides attractive, minimally dilutive growth capital, signaling confidence in FVR's management and future prospects.
FrontView REIT, Inc. (FVR) Q3 FFO Top Estimates
FrontView REIT, Inc. (FVR) came out with quarterly funds from operations (FFO) of $0.32 per share, beating the Zacks Consensus Estimate of $0.3 per share. This compares to FFO of $0.22 per share a year ago.
FrontView REIT Could Be Coming To Strip Mall Near You, As Retail Evolves
In my initial rating of FrontView REIT, which had its Q2 earnings call recently, I am calling it a hold, agreeing with Seeking Alpha's quant system this time. Positives are its portfolio net growth, national diversity, major tenant brands, FFO growth, and strong EBITDA margin versus some peers. I determined that future price targets for Dec. 2025 offer potential +12% upside to today's share price.
FrontView: Take Advantage Of This REIT Before Rates Drop
FrontView REIT is a newly listed, consumer-focused REIT with a unique street-facing property strategy, offering diversified exposure. FVR trades at a significant discount to peers, with conservative valuation models showing 21%-51% upside even in delayed interest rate cut scenarios. The company's growth outlook is tied to anticipated Fed rate cuts, which would lower its cost of capital and enhance debt sustainability.
2 Under-The-Radar Net Lease REITs That Are Poised To Profit
Net lease REITs offer strong long-term returns and unique opportunities for value investors, despite recent underperformance versus other property sectors. FrontView REIT stands out for its tenant diversification, transparency, and attractive valuation; I rate it a Strong Buy with 40-50% potential upside. Modiv Industrial offers high-yield and monthly dividends, but carries higher risk due to leverage and tenant concentration; I also rate it a speculative Strong Buy.
FrontView REIT: Buying Outparcels At A 6.5% Dividend Yield
FrontView REIT has fallen 30% since its IPO and trades at an attractive valuation of 11x 2025e AFFO, an 8.9% implied cap rate and a 6.5% dividend yield. Despite recent tenant issues, strong demand for outparcel space and management's ability to re-tenant should mitigate negative impacts on NOI and AFFO. Risks include limited public history, tenant defaults, and volatility due to small cap and float, but overall, FrontView shares are undervalued.
FrontView REIT, Inc. (FVR) Q4 2024 Earnings Call Transcript
FrontView REIT, Inc. (NYSE:FVR ) Q4 2024 Results Conference Call March 20, 2025 11:00 AM ET Company Participants Tim Dieffenbacher - CFO Stephen Preston - Chairman, Co-CEO and Co-President Randy Starr - Co-CEO and Co-President Conference Call Participants Ronald Kamdem - Morgan Stanley John Kilichowski - Wells Fargo Daniel Guglielmo - Capital One Security Operator Good morning, ladies and gentlemen, and welcome to the FrontView REIT, Inc. Q4 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.
FrontView REIT, Negatives Outweigh The Positives
FrontView REIT's IPO received little attention due to Fed rate hikes impacting real estate stocks, causing many REITs to decline by over 30%. FrontView REIT operates in the net lease retail subcategory, making it similar to a bond proxy as tenants cover maintenance, taxes, and insurance. The company owns 278 outparcel properties in 31 states, with prime locations in 24 of the top 30 Metropolitan Areas, enhancing its portfolio value.
Insider Buying Slows, but Not for 7 These Buyers
24/7 Wall St. Insights Insider buying slowed to a trickle ahead of the third-quarter earnings reporting season.
FrontView REIT Finalizes IPO Plans On Slowing Growth Rate
FrontView REIT aims to raise $251 million in an IPO to reduce debt and fund portfolio growth. FVR's proposed initial annual distribution rate is 4.3%, but the cash payout ratio is high at 87.9%, raising concerns about distribution safety. The market for outparcel properties is large, but risks include acquisition slowdown, portfolio concentration, and increased competition.
