FrontView REIT, Inc.
For the period ended Dec 31, 2024. Filed Mar 20, 2025.
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FY2024 · Filed Mar 20, 2025
FVR$19.70+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSO LIDATED STATEMENTS OF CASH FLOWS
| Successor | Predecessor | Predecessor | |
|---|---|---|---|
| Period from October 3, 2024 through December 31, 2024 | Period from January 1, 2024 through October 2, 2024 | Year Ended December 31, 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $(4,822) | $(26,387) | $(1,524) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 7,370 | 21,579 | 24,730 |
| Amortization of above/ below market leases | 164 | 1,341 | 1,469 |
| Amortization of financing transaction and discount costs | 1,588 | 3,145 | 2,792 |
| Amortization of organization costs | 100 | — | — |
| Amortization of software costs | 8 | 25 | — |
| Non-cash rental revenue adjustments | (237) | (970) | (1,138) |
| Gain on sale of real estate | — | (337) | (725) |
| Stock-based compensation | 608 | — | — |
| Internalization expense | — | 16,498 | — |
| Impairment loss | 3,891 | 591 | 407 |
| Allowance for doubtful accounts | — | — | (328) |
| Gain from acquisition of equity method investment | — | — | (12,988) |
| Equity loss from investment in an unconsolidated entity | — | — | 38 |
| Distributions of equity earnings received from investment in an unconsolidated entity | — | — | 1,766 |
| Changes in operating assets and liabilities: | |||
| Other assets | (285) | 214 | 311 |
| Accounts payable and accrued liabilities | (5,700) | 2,145 | 2,703 |
| Related party payable | — | — | (289) |
| Net cash provided by operating activities | 2,685 | 17,844 | 17,224 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Acquisition of partner's interest in the Joint Venture, net of cash received | — | — | (23,390) |
| Acquisition fees paid | — | (523) | — |
| Acquisition of real estate held for investment | (104,184) | — | (75,039) |
| Deposits on real estate held for investment | (438) | (350) | 74 |
| Deferred leasing costs and other additions to real estate held for investment | (629) | (1,103) | (1,412) |
| Net proceeds from sale of real estate held for investment | 148 | 9,931 | 5,222 |
| Distributions received from investment in an unconsolidated entity | — | — | 816 |
| Additions to software costs | — | (21) | (83) |
| Net cash (used in) provided by investing activities | (105,103) | 7,934 | (93,812) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Capital contributions from Common Unit Holders | — | — | 10,879 |
| Issue costs | — | — | (326) |
| Contributions from non-controlling convertible preferred interests | — | 108 | 5,052 |
| Proceeds from issuance of Common Stock, net of $18,896 of offering costs, discounts, and commissions | 252,500 | — | — |
| Redemption of Common Units | — | — | (7,081) |
| Proceeds from debt | 268,500 | — | 110,390 |
| Repayment of debt | (419,466) | (20,913) | (41,783) |
| Financing transaction costs | (4,804) | (416) | (161) |
| Deferred offering costs | — | (2,843) | (1,953) |
| Cash distributions paid to Common Unit Holders | — | (1,500) | (16,637) |
| Cash distributions paid to Preferred Unit Holders | (16) | (12) | (16) |
| Cash distributions paid to non-controlling convertible preferred interests | (1,669) | (4,864) | (5,724) |
| Net cash provided by (used in) financing activities | 95,045 | (30,440) | 52,640 |
| Net decrease in cash, cash equivalents and restricted cash during the period | (7,373) | (4,662) | (23,948) |
| Cash, cash equivalents and restricted cash, beginning of period | 12,467 | 17,129 | 41,077 |
| Cash, cash equivalents and restricted cash, end of period | $5,094 | $12,467 | $17,129 |
| Successor | Predecessor | Predecessor | |
|---|---|---|---|
| Period from October 3, 2024 through December 31, 2024 | Period from January 1, 2024 through October 2, 2024 | Year Ended December 31, 2023 | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Cash paid for interest | $2,701 | $16,531 | $15,000 |
| Non-cash disclosures of non-cash investing and financing activities: | |||
| Deferred rent receivable classified as assets held for sale | $— | $— | $5 |
| Accrued real estate development and improvement costs | $1,594 | $1,627 | $1,555 |
| Accrued acquisition fees | $— | $— | $523 |
| Accrued deferred leasing fees | $224 | $559 | $264 |
| Accrued deferred offering costs | $391 | $225 | $3,186 |
| OP Units issued as consideration for Internalization | $17,698 | $— | $— |
| Reclassification of non-controlling preferred interests to non-controlling interests | $103,725 | $— | $— |
| Reclassification of partners' capital to non-controlling interests | $82,733 | $— | $— |
| Reclassification of partners' capital to Common Stock and additional paid-in capital | $40,693 | $— | $— |
| Conversion of OP Units to Common Stock and additional paid-in capital | $25,612 | $— | $— |
| Distributions payable to convertible non-controlling preferred interests | $— | $1,669 | $1,633 |
| Distributions reinvested in Common Units | $— | $— | $640 |
| Dividends payable | $6,101 | $— | $— |
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