FrontView REIT Q4 Earnings Call Highlights

The company also highlighted work on its remaining Twin Peaks exposure. Preston said FrontView sold one Twin Peaks property during the quarter at a 5.8% cap rate and re-leased another to two tenants—Panda Express and Jagger’s—at combined rent of $265,000 versus approximately $138,000 previously paid by Twin Peaks. He said that represented a 92% increase in rent and about a three-times increase in value from the company’s original basis.As an example, management discussed a Tricolor auto dealership that clos ...