# FrontView REIT (FVR.US)

Canonical: https://gigainvestors.com/s/FVR

Analysis as of: 2026-10-16T07:28:41.193Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $17.10 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Matthew McLennan](https://gigainvestors.com/FE): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 8% since Oct 2024 · "FrontView REIT targets 4% AFFO per share growth for 2026 as portfolio optimization slows" (seekingalpha.com, Feb 2026)

Story as of 2026-10-16T09:58:47.967Z; price observation 2026-10-15.

- 2026-02-25: FrontView REIT targets 4% AFFO per share growth for 2026 as portfolio optimization slows ([seekingalpha.com](https://seekingalpha.com/news/4557049-frontview-reit-targets-4-percent-affo-per-share-growth-for-2026-as-portfolio-optimization?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in property rentals; annual sales are USD 67.1 million.

- Source: https://www.sec.gov/Archives/edgar/data/1988494/000119312526072181/fvr-20251231.htm (filed 2026-02-25); FY2025: revenue 67115000; grossProfit -8840000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-05); FVR.US: FrontView REIT, Inc. is an internally managed net-lease real estate investment trust. It is focused on acquiring, owning, and managing properties with frontage that are leased to a diversified tenant base. Our real estate first investment strategy is centered around highly visible properties in prominent retail corridors with strong underlying real estate fundamentals. We target properties along high-traffic roads that offer strong consumer visibility and adaptable building formats capable of supporting various businesses over time. As of June 30, 2026, FrontView owned a diversified portfolio of 316 direct frontage properties across 35 U.S. states, leased primarily to service and necessity-based tenants across 16 industries, including medical and dental providers, quick-service and casual dining restaurants, financial institutions, cellular retailers, automotive related, fitness, and general retail along with several other diversified industries. FrontView REIT, Inc. is based in Dallas, United States and incorporated in Maryland.

### Where the cash goes

Paid dividends in 5 of 5 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); FY2021: growth capex 0; upkeep 60000; owner earnings 16453896. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); FY2022: growth capex 0; upkeep 0; owner earnings 17881738. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); FY2023: growth capex 0; upkeep 83000; owner earnings 25016000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); FY2024: growth capex 0; upkeep 0; owner earnings 8274000. Growth capex / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/1988494/000119312526072181/fvr-20251231.htm (filed 2026-02-25); FY2025: growth capex 0; upkeep 12000; owner earnings 29266000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); Dividend observations: [[2021,13431761],[2022,15678315],[2023,16653000],[2024,1528000],[2025,16601000]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 2.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-05); FVR.US SharesStats.PercentInsiders = 2.249 percentage points; cache date 2026-10-05.

### What the price says

The price is 7.1 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); Closing price 17.1 USD; reporting-to-trading FX 1; FY2025 annual sales per share 2.41075197897001; price multiple 7.093222425687254. FY2025 cash earnings/share 1.0512265129484661. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2024-10: $18.66 per share

- 2024-11: $19.39 per share

- 2024-12: $18.13 per share

- 2025-01: $17.24 per share

- 2025-02: $17.10 per share

- 2025-03: $12.79 per share

- 2025-04: $12.44 per share

- 2025-05: $11.51 per share

- 2025-06: $12.00 per share

- 2025-07: $11.77 per share

- 2025-08: $13.37 per share

- 2025-09: $13.71 per share

- 2025-10: $13.30 per share

- 2025-11: $15.28 per share

- 2025-12: $14.76 per share

- 2026-01: $16.41 per share

- 2026-02: $16.57 per share

- 2026-03: $15.47 per share

- 2026-04: $17.70 per share

- 2026-05: $17.74 per share

- 2026-06: $20.23 per share

- 2026-07: $20.34 per share

- 2026-08: $19.30 per share

- 2026-09: $16.66 per share

- 2026-10: $17.10 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1988494/000119312526072181/fvr-20251231.htm); period 2025-12-31, filed 2026-02-25.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.