FrontView REIT Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
FVR$19.70+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSO LIDATED STATEMENTS OF CASH FLOWS
| For the nine months ended September 30, | |||
|---|---|---|---|
| Note | 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $(9,721) | $(9,952) | |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 3, 4 | 21,415 | 17,315 |
| Amortization of above/below market leases | 4 | 1,338 | 892 |
| Amortization of financing transaction and discount costs | 6 | 3,145 | 1,774 |
| Amortization of software costs | 25 | — | |
| Non-cash rental revenue adjustments | (970) | (889) | |
| (Gain)/ loss on sale of real estate | 3 | (337) | 332 |
| Impairment loss | 591 | — | |
| Equity income from investment in an unconsolidated entity | 5 | — | (53) |
| Distributions of equity earnings received from investment in an unconsolidated entity | 5 | — | 1,650 |
| Changes in operating assets and liabilities: | |||
| Other assets | 10 | 214 | (472) |
| Accounts payable and accrued liabilities | (428) | 2,731 | |
| Related party payable | — | 2,262 | |
| Net cash provided by operating activities | 15,272 | 15,590 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Acquisition of real estate held for investment | 3 | (523) | (71,762) |
| Deposits on real estate held for investment | (350) | (1,584) | |
| Deferred leasing costs and other additions to real estate held for investment | (1,103) | (1,533) | |
| Net proceeds from sale of real estate held for investment | 3 | 9,846 | 1,861 |
| Distributions received from investment in an unconsolidated entity | 5 | — | 816 |
| Net proceeds from expropriation | 85 | — | |
| Additions to software costs | (21) | — | |
| Net cash provided by/ (used in) investing activities | 7,934 | (72,202) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Capital contributions | — | 10,879 | |
| Redemption of Common Units | — | (7,081) | |
| Issue costs | 11 (a) | — | (326) |
| Proceeds from debt, net | 6 | — | 79,390 |
| Repayment of debt, net | 6 | (20,913) | (39,558) |
| Financing transaction costs | 6 | (416) | (149) |
| Deferred offering costs | (2,843) | (1,146) | |
| Cash distributions to Common Unit Holders | (1,500) | (12,250) | |
| Cash distributions paid to Preferred Unit Holders | 8 | (12) | (12) |
| Cash distributions to non-controlling convertible preferred interests | 9 | (4,864) | (4,091) |
| Contributions from non-controlling convertible preferred interests | 9 | 108 | 5,052 |
| Net cash (used in)/ provided by financing activities | (30,440) | 30,708 | |
| Net decrease in cash, cash equivalents and restricted cash during the period | (7,234) | (25,904) | |
| Cash, cash equivalents and restricted cash, beginning of period | 17,129 | 41,077 | |
| Cash, cash equivalents and restricted cash, end of period | $9,895 | $15,173 | |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
| For the nine months ended September 30, | |||
|---|---|---|---|
| Note | 2024 | 2023 | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Cash paid for interest | $16,531 | $9,712 | |
| Non-cash disclosures of non-cash investing and financing activities: | |||
| Accrued real estate development and improvement costs | $1,627 | $3,515 | |
| Accrued deferred leasing fees | $559 | $— | |
| Accrued deferred offering costs | $225 | $1,995 | |
| Distributions payable to convertible non-controlling preferred interests | 9 | $1,633 | $1,633 |
| Distributions reinvested in Common Units | $— | $640 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.