Portfolio Overview - FrontView REIT's gross real estate amounts to $900.305 thousand[4], with an annualized base rent of $62.293 thousand[4] - The portfolio consists of 319 properties[4] across 37 states[4], with a 97.8% occupancy rate[4] and a weighted average lease term (WALT) of 7.3 years[4] - The top 10 tenants account for 23% of the annualized base rent (ABR)[4], while the top 20 tenants represent 38%[4] Financial Performance - Net loss per share is $(0.16)[4], FFO (Funds From Operations) per share is $0.24[4], and AFFO (Adjusted Funds From Operations) per share is $0.32[4] - The company's net debt to annualized adjusted EBITDAre is 5.5x[4], with a fixed charge coverage of 3.3x[4] - FrontView REIT's total capitalization is $644 million[20], with common stock representing 37.6% and OP Units representing 13.6%[20] Capital Structure and Liquidity - The company has $139.863 thousand in liquidity[4], including cash and existing revolver capacity - The revolving credit facility has a balance of $118.500 thousand[21] and the term loan is $200.000 thousand[21] Investment and Disposition Activity - Year-to-date capital deployment totals $67.023 thousand[4], with dispositions amounting to $24.711 thousand[4] - Investment guidance for the second half of 2025 is between $110 million and $130 million, while disposition guidance is between $60 million and $75 million[43] Tenant and Industry Diversification - Medical and Dental Providers represent 14.7% of ABR, with Quick Service Restaurants at 13.9% and Casual Dining at 12.9%[52] - The top tenant, Dollar Tree, accounts for 3.3% of ABR[49]
FrontView REIT, Inc.(FVR) - 2025 Q2 - Earnings Call Presentation