FrontView REIT, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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
Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Successor | Successor | Predecessor (1) | |
|---|---|---|---|
| For the year ended December 31, | Period from October 3 through December 31, | Period from January 1 through October 2, | |
| 2025 | 2024 | 2024 | |
| Revenues | |||
| Rental revenues | $66,526 | $15,165 | $44,497 |
| Interest income on mortgage loans | 350 | — | — |
| Other income | 239 | 12 | 243 |
| Total revenues | 67,115 | 15,177 | 44,740 |
| Operating expenses | |||
| Depreciation and amortization | 33,107 | 7,468 | 21,581 |
| Property operating expenses | 9,741 | 2,170 | 5,742 |
| Property management fees | — | — | 1,561 |
| Asset management fees | — | — | 3,124 |
| General and administrative expenses | 12,935 | 2,787 | 2,122 |
| Total operating expenses | 55,783 | 12,425 | 34,130 |
| Other expenses (income) | |||
| Interest expense | 18,016 | 3,452 | 19,896 |
| Gain on sale of real estate | (11,926) | — | (337) |
| Impairment loss | 10,455 | 3,891 | 591 |
| Income taxes | 350 | 231 | 349 |
| Total other expenses | 16,895 | 7,574 | 20,499 |
| Operating loss | (5,563) | (4,822) | (9,889) |
| Internalization expense | — | — | (16,498) |
| Net loss | (5,563) | (4,822) | (26,387) |
| Less: Net loss attributable to convertible non-controlling preferred interests | — | — | 7,171 |
| Less: Net loss attributable to non-controlling interests | 1,734 | 1,825 | — |
| Net loss attributable to NADG NNN Property Fund LP (Predecessor) and to FrontView REIT, Inc. (Successor) | $(3,829) | $(2,997) | $(19,216) |
| Weighted average number of common shares outstanding | |||
| Basic | 19,755,810 | 16,258,728 | — |
| Diluted | 27,839,861 | 27,577,692 | — |
| Net loss per share attributable to common stockholders | |||
| Basic | $(0.22) | $(0.19) | $— |
| Diluted | $(0.22) | $(0.19) | $— |
| Comprehensive loss | |||
| Net loss | $(5,563) | $(4,822) | $(26,387) |
| Other comprehensive loss | |||
| Change in fair value of interest rate swaps | (1,427) | — | — |
| Comprehensive loss | (6,990) | (4,822) | (26,387) |
| Less: Comprehensive loss attributable to convertible non-controlling preferred interests | — | — | 7,171 |
| Less: Comprehensive loss attributable to non-controlling interests | 2,260 | 1,825 | — |
| Comprehensive loss attributable to NADG NNN Property Fund LP (Predecessor) and to FrontView REIT, Inc. (Successor) | $(4,730) | $(2,997) | $(19,216) |
(1)
The Company determined that earnings per unit in the Predecessor period would not be meaningful to users of this filing, given the different unitholders in the Predecessor.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.