View ValuationFrontView REIT 향후 성장Future 기준 점검 3/6FrontView REIT (는) 각각 연간 134.9% 및 8.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 61.7% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 -0.3% 로 예상됩니다.핵심 정보134.9%이익 성장률61.69%EPS 성장률Retail REITs 이익 성장-1.7%매출 성장률8.4%향후 자기자본이익률-0.34%애널리스트 커버리지Good마지막 업데이트01 Jul 2026최근 향후 성장 업데이트Breakeven Date Change • Jun 02Forecast to breakeven in 2026The 7 analysts covering FrontView REIT expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$343.1k in 2026. Earnings growth of 84% is required to achieve expected profit on schedule.Major Estimate Revision • May 14Consensus estimates of losses per share improve by 93%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$72.2m to US$73.6m. EPS estimate increased from -US$0.152 per share to -US$0.01 per share. Retail REITs industry in the US expected to see average net income decline 6.4% next year. Consensus price target up from US$18.17 to US$18.72. Share price fell 3.1% to US$17.70 over the past week.Major Estimate Revision • Apr 07Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$0.13 to -US$0.163 per share. Revenue forecast of US$72.0m unchanged since last update. Retail REITs industry in the US expected to see average net income decline 13% next year. Consensus price target of US$17.44 unchanged from last update. Share price rose 3.7% to US$16.05 over the past week.Major Estimate Revision • Mar 20Consensus EPS estimates fall by 117%, revenue upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$68.5m to US$72.0m. Forecast EPS reduced from -US$0.06 to -US$0.13 per share. Retail REITs industry in the US expected to see average net income decline 13% next year. Consensus price target up from US$16.71 to US$17.44. Share price fell 3.6% to US$15.44 over the past week.Major Estimate Revision • Mar 10Consensus EPS estimates upgraded to US$0.06 loss, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$72.5m to US$68.5m. 2026 losses expected to reduce from -US$0.18 to -US$0.06 per share. Retail REITs industry in the US expected to see average net income decline 13% next year. Consensus price target broadly unchanged at US$16.71. Share price was steady at US$16.21 over the past week.Major Estimate Revision • Jan 15Consensus EPS estimates upgraded to US$0.025 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.04 to -US$0.025 per share. Revenue forecast steady at US$67.5m. Retail REITs industry in the US expected to see average net income decline 2.2% next year. Consensus price target of US$16.17 unchanged from last update. Share price rose 4.4% to US$16.39 over the past week.모든 업데이트 보기Recent updatesSeeking Alpha • Jul 05FrontView REIT Heats Up The Retail Landscape With New Growth Across America (Rating Upgrade)Summary Frontview REIT gets upgraded to a buy after an updated analysis showed a compelling growth story, dividend safety, and a diversified portfolio. Macro data shows a confident US consumer in June, which can boost confidence in the retail sector overall. Debt-to-equity is low among similar peers. My upside forecast was positive but modest. Read the full article on Seeking Alpha내러티브 업데이트 • Jun 26FVR: Revised Cash Flow Assumptions Will Shape Future ReturnsAnalysts have revised their price target for FrontView REIT to $19.73 from $15.92, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E levels. What’s in the News for FrontView REIT FrontView REIT reported a buyback tranche update for the period from January 1, 2026 to March 31, 2026, stating that it repurchased 0 shares for $0 million under the previously announced program.Upcoming Dividend • Jun 23Upcoming dividend of US$0.21 per shareEligible shareholders must have bought the stock before 30 June 2026. Payment date: 15 July 2026. Trailing yield: 4.3%. Within top quartile of American dividend payers (4.3%). In line with average of industry peers (4.4%).New Risk • Jun 12New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$3.4m Forecast net loss in 2 years: US$1.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company.Breakeven Date Change • Jun 02Forecast to breakeven in 2026The 7 analysts covering FrontView REIT expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$343.1k in 2026. Earnings growth of 84% is required to achieve expected profit on schedule.공시 • May 29FrontView REIT, Inc. Announces Appointment of Timothy G. McHugh to Board of Directors, Effective May 28, 2026FrontView REIT, Inc. announced the appointment of Timothy G. “Tim” McHugh to the Company’s Board of Directors as an independent director, effective May 28, 2026. Mr. McHugh, age 41, currently serves as Co-President and Chief Financial Officer of Welltower Inc. . In his role at Welltower, Mr. McHugh oversees the company’s corporate finance function and is actively involved in advancing innovation and technology transformation across the Welltower Business System and broader enterprise platform. Since joining Welltower in 2016, Mr. McHugh has helped lead a period of significant strategic transformation and has held roles of increasing responsibility, including Treasurer, Senior Vice President of Capital Markets, and Executive Vice President and Chief Financial Officer, before assuming his current role. Mr. McHugh will serve until the 2027 annual meeting of stockholders and until his successor is duly elected and qualifies. As of the time of this filing, the Board has not made a determination regarding the committees of the Board, if any, to which Mr. McHugh will be appointed. Mr. McHugh joined Welltower in 2016 as Vice President – Finance and Investments. He has held the positions of Treasurer, Senior Vice President, Chief Financial Officer, and Executive Vice President, Chief Financial Officer before assuming his current role. Prior to joining Welltower, Mr. McHugh worked at RREEF Management, L.L.C . As a senior analyst focused on the healthcare, net lease, office and specialty sectors, he was responsible for developing sector level underwriting methodologies, valuing individual securities, and producing investment recommendations. Prior to his tenure at RREEF, he served as an Equity Research Analyst at Northern Trust covering companies in the financial services, semiconductor, and utility sectors. Mr. McHugh holds a BS in Finance and a minor in Technology & Management from the University of Illinois at Urbana-Champaign and is a Chartered Financial Analyst (CFA).Major Estimate Revision • May 14Consensus estimates of losses per share improve by 93%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$72.2m to US$73.6m. EPS estimate increased from -US$0.152 per share to -US$0.01 per share. Retail REITs industry in the US expected to see average net income decline 6.4% next year. Consensus price target up from US$18.17 to US$18.72. Share price fell 3.1% to US$17.70 over the past week.Declared Dividend • May 11First quarter dividend of US$0.21 announcedDividend of US$0.21 is the same as last year. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 4.7%, which is lower than the industry average of 5.2%.Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$0.004 (vs US$0.059 loss in 1Q 2025)First quarter 2026 results: EPS: US$0.004 (up from US$0.059 loss in 1Q 2025). Revenue: US$18.2m (up 12% from 1Q 2025). Net income: US$81.0k (up US$1.11m from 1Q 2025). Profit margin: 0.4% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Retail REITs industry in the US.공시 • Apr 21FrontView REIT, Inc., Annual General Meeting, May 27, 2026FrontView REIT, Inc., Annual General Meeting, May 27, 2026.공시 • Apr 14FrontView REIT, Inc. to Report Q1, 2026 Results on May 06, 2026FrontView REIT, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026Major Estimate Revision • Apr 07Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$0.13 to -US$0.163 per share. Revenue forecast of US$72.0m unchanged since last update. Retail REITs industry in the US expected to see average net income decline 13% next year. Consensus price target of US$17.44 unchanged from last update. Share price rose 3.7% to US$16.05 over the past week.Recent Insider Transactions Derivative • Apr 07Chief Accounting Officer exercised options and sold US$163k worth of stockOn the 31st of March, Sean Fukumura exercised options to acquire 11k shares at no cost and sold these for an average price of US$15.47 per share. This trade did not impact their existing holding. Since June 2025, Sean's direct individual holding has increased from 6.72k shares to 17.79k. Company insiders have collectively sold US$305k more than they bought, via options and on-market transactions in the last 12 months.Upcoming Dividend • Mar 24Upcoming dividend of US$0.21 per shareEligible shareholders must have bought the stock before 31 March 2026. Payment date: 15 April 2026. Trailing yield: 5.5%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.8%).Major Estimate Revision • Mar 20Consensus EPS estimates fall by 117%, revenue upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$68.5m to US$72.0m. Forecast EPS reduced from -US$0.06 to -US$0.13 per share. Retail REITs industry in the US expected to see average net income decline 13% next year. Consensus price target up from US$16.71 to US$17.44. Share price fell 3.6% to US$15.44 over the past week.Major Estimate Revision • Mar 10Consensus EPS estimates upgraded to US$0.06 loss, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$72.5m to US$68.5m. 2026 losses expected to reduce from -US$0.18 to -US$0.06 per share. Retail REITs industry in the US expected to see average net income decline 13% next year. Consensus price target broadly unchanged at US$16.71. Share price was steady at US$16.21 over the past week.New Risk • Mar 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$4.7m net loss in 2 years).공시 • Feb 28FrontView REIT, Inc. has filed a Follow-on Equity Offering in the amount of $75 million.FrontView REIT, Inc. has filed a Follow-on Equity Offering in the amount of $75 million. Security Name: Common Stock Security Type: Common Stock Security Features: Income Trust Transaction Features: At the Market OfferingDeclared Dividend • Feb 27Fourth quarter dividend of US$0.21 announcedDividend of US$0.21 is the same as last year. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 5.2%, which is about the same as the industry average.New Risk • Feb 26New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$3.8m Forecast net loss in 2 years: US$1.8m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (342% payout ratio). Currently unprofitable and not forecast to become profitable over next 2 years (US$1.8m net loss in 2 years).공시 • Feb 25FrontView REIT, Inc. Declares Quarterly Dividend, Payable on or Before April 15, 2026On February 24, 2026, the board of directors of FrontView REIT, Inc. declared a quarterly dividend of $0.215 per common share and OP unit to holders of record as of March 31, 2026, payable on or before April 15, 2026.공시 • Jan 27FrontView REIT, Inc. to Report Q4, 2025 Results on Feb 24, 2026FrontView REIT, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 24, 2026Major Estimate Revision • Jan 15Consensus EPS estimates upgraded to US$0.025 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.04 to -US$0.025 per share. Revenue forecast steady at US$67.5m. Retail REITs industry in the US expected to see average net income decline 2.2% next year. Consensus price target of US$16.17 unchanged from last update. Share price rose 4.4% to US$16.39 over the past week.Major Estimate Revision • Jan 02Consensus EPS estimates upgraded to US$0.04 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.05 to -US$0.04 per share. Revenue forecast steady at US$67.6m. Retail REITs industry in the US expected to see average net income decline 2.2% next year. Consensus price target broadly unchanged at US$16.00. Share price fell 4.0% to US$14.76 over the past week.Upcoming Dividend • Dec 24Upcoming dividend of US$0.21 per shareEligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. Trailing yield: 5.7%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.9%).Major Estimate Revision • Dec 07Consensus EPS estimates fall by 400%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.01 to -US$0.05 per share. Revenue forecast unchanged at US$67.6m. Retail REITs industry in the US expected to see average net income decline 2.4% next year. Consensus price target up from US$15.25 to US$15.58. Share price was steady at US$15.45 over the past week.공시 • Nov 25FrontView REIT, Inc. (NYSE:FVR) announces an Equity Buyback for $75 million worth of its shares.FrontView REIT, Inc. (NYSE:FVR) announces a share repurchase program. Under the program, the company will repurchase up to $75 million worth of its common stock. The program is valid till November 10, 2026.Major Estimate Revision • Nov 20Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$68.7m to US$67.2m. Losses expected to increase from US$0.32 per share to US$0.38. Retail REITs industry in the US expected to see average net income decline 3.0% next year. Consensus price target of US$15.08 unchanged from last update. Share price was steady at US$13.67 over the past week.New Risk • Nov 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 220% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings are forecast to decline by an average of 220% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (342% payout ratio). Large one-off items impacting financial results.Declared Dividend • Nov 16Third quarter dividend of US$0.21 announcedDividend of US$0.21 is the same as last year. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 6.0%, which is higher than the industry average of 5.2%.Reported Earnings • Nov 13Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$0.19 (up from US$0.15 loss in 3Q 2024). Revenue: US$16.8m (up 16% from 3Q 2024). Net income: US$4.02m (up US$6.45m from 3Q 2024). Profit margin: 24% (up from net loss in 3Q 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Retail REITs industry in the US.공시 • Nov 13FrontView REIT, Inc. announced that it expects to receive $75 million in funding from Maewyn Capital Partners LlcFrontView REIT, Inc. announced it has entered into an agreement to issue $75 million convertible perpetual preferred equity investment led by Maewyn Capital Partners on November 12, 2025. The preferred shares are convertible into common shares at $17.00 per share by the investors at any time. Two years after the final draw, the Company has the option to convert the Convertible Preferred Shares to common shares, the volume-weighted average price exceeds 17.5% above the Conversion Price for 30 consecutive trading days.공시 • Oct 16FrontView REIT, Inc. to Report Q3, 2025 Results on Nov 12, 2025FrontView REIT, Inc. announced that they will report Q3, 2025 results After-Market on Nov 12, 2025Recent Insider Transactions Derivative • Oct 08CEO & Chairman of The Board exercised options and sold US$288k worth of stockOn the 4th of October, Stephen Preston exercised options to acquire 21k shares at no cost and sold these for an average price of US$13.91 per share. This trade did not impact their existing holding. For the year to December 2024, Stephen's total compensation was 3% salary and 97% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Stephen's direct individual holding has increased from 6.45k shares to 37.75k. Company insiders have collectively bought US$496k more than they sold, via options and on-market transactions, in the last 12 months.Upcoming Dividend • Sep 23Upcoming dividend of US$0.21 per shareEligible shareholders must have bought the stock before 30 September 2025. Payment date: 15 October 2025. Trailing yield: 6.4%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (4.9%).New Risk • Sep 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (dividend per share is over 17x earnings per share). Currently unprofitable and not forecast to become profitable next year (US$5.3m net loss next year).Recent Insider Transactions • Aug 21CEO & Chairman of The Board recently bought US$195k worth of stockOn the 20th of August, Stephen Preston bought around 15k shares on-market at roughly US$13.18 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephen has been a buyer over the last 12 months, purchasing a net total of US$536k worth in shares.Breakeven Date Change • Aug 18No longer forecast to breakevenThe 6 analysts covering FrontView REIT no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$3.79m in 2026. New consensus forecast suggests the company will make a loss of US$873.6k in 2027.Reported Earnings • Aug 15Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: FFO per share: US$0.3. Revenue: US$17.6m (up 20% from 2Q 2024). Funds from operations (FFO): US$6.72m (up 68% from 2Q 2024). FFO margin: 38% (up from 27% in 2Q 2024). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Retail REITs industry in the US.공시 • Aug 14+ 1 more updateFrontview REIT, Inc. Declares Quarterly Dividend, Payable on or Before October 15, 2025On August 12, 2025, FrontView REIT, Inc. board of directors declared a quarterly dividend of $0.215 per common share and OP unit to holders of record as of September 30, 2025, payable on or before October 15, 2025.공시 • Jul 16FrontView REIT, Inc. to Report Q2, 2025 Results on Aug 13, 2025FrontView REIT, Inc. announced that they will report Q2, 2025 results After-Market on Aug 13, 2025Breakeven Date Change • Jul 02Forecast breakeven date moved forward to 2025The 6 analysts covering FrontView REIT previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$447.5k in 2025. Earnings growth of 37% is required to achieve expected profit on schedule.공시 • Jul 01FrontView REIT, Inc. Appoints Pierre Revol as Chief Financial Officer, Effective July 21, 2025FrontView REIT, Inc. announced the appointment of Pierre Revol to serve as the Company’s Chief Financial Officer (“CFO”), effective July 21, 2025. With over 20 years of leadership in the real estate and financial sectors, Pierre Revol brings deep expertise in corporate finance, capital markets, REIT operations, and strategic transactions. Most recently, Pierre served as Senior Vice President of Capital Markets at CyrusOne, a leading global data center owner, developer, and operator. In this role, Pierre played an instrumental role in developing and executing the company's capital markets strategy during a time of significant growth and innovation. He successfully raised over $15 billion in both asset-level and corporate financing to ensure CyrusOne’s future growth. Prior to his role at CyrusOne, Pierre served as Senior Vice President, Corporate Finance and Investor Relations at Spirit Realty Capital, Inc., formerly a publicly traded net-lease REIT. As a member of the Management Operating Committee, Pierre played a key leadership role in corporate strategy, capital allocation, and enterprise planning. Additionally, Pierre was principally involved in corporate transactions, including the spin-off and $2.4 billion sale of Spirit Master Trust, the $9.3 billion merger of Realty Income and Spirit Realty, and over $10 billion in capital markets transactions. Pierre received a Bachelor of Science degree in Economics from the Wharton School with a concentration in Finance and a Bachelor of Arts degree in International Relations from the University of Pennsylvania.Upcoming Dividend • Jun 23Upcoming dividend of US$0.21 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 15 July 2025. Trailing yield: 7.4%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.1%).공시 • Jun 17+ 2 more updatesFrontView REIT, Inc. Announces CFO Changes, Effective June 15, 2025On June 15, 2025, the Board of Directors of FrontView REIT, Inc. terminated Randall Starr as Chief Financial Officer of the Company for cause, effective June 15, 2025. An investigation by the Audit Committee of the Board, assisted by outside counsel, determined that cause existed pursuant to Mr. Starr’s employment agreement with the Company, dated as of October 3, 2024 (the “Employment Agreement”). Mr. Starr’s termination is unrelated to the Company’s business operations, financial results, or previously filed financial statements. In accordance with the Employment Agreement, Mr. Starr is no longer a member of the Board nor an officer of the Company or any of its affiliates. On June 15, 2025, the Board appointed Sean Fukumura, age 42, to serve as the Company’s Interim Chief Financial Officer, Treasurer, and Secretary, effective June 15, 2025. The Company has begun a formal search for a permanent replacement. Mr. Fukumura will continue to serve as Chief Accounting Officer of the Company, a position he has held since May 2025. Mr. Fukumura joined its predecessor in 2018, and served as Director of Accounting and Tax from 2018 to 2021. From 2021 to 2024, Mr. Fukumura served as its predecessor’s Vice President, Accounting and Tax. Since October 2024, Mr. Fukumura has served as the Company’s Vice President, Accounting and Tax. Prior to joining its predecessor in 2018, Mr. Fukumura was a Corporate Controller with Venterra Realty, a multi-family real estate and investment company from 2012 to 2018. Prior to that, from 2010 to 2012, Mr. Fukumura was a Manager of External Reporting at Reliance Home Comfort. From 2006 to 2010, Mr. Fukumura worked in public accounting in the audit and assurance group of Ernst & Young. Mr. Fukumura is a Chartered Professional Accountant (CPA, CA) and holds a Bachelor of Commerce degree from York University in Toronto.Major Estimate Revision • Jun 11Consensus EPS estimates fall by 64%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$67.5m to US$68.3m. EPS estimate fell from US$0.24 to US$0.087 per share. Net income forecast to grow 73% next year vs 9.0% growth forecast for Retail REITs industry in the US. Consensus price target broadly unchanged at US$16.60. Share price rose 2.8% to US$11.57 over the past week.Breakeven Date Change • May 23Forecast to breakeven in 2026The 5 analysts covering FrontView REIT expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 63% to 2025. The company is expected to make a profit of US$3.79m in 2026. Average annual earnings growth of 73% is required to achieve expected profit on schedule.Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: FFO per share: US$0.4. Revenue: US$16.2m (up 6.4% from 1Q 2024). Funds from operations (FFO): US$6.43m (up 55% from 1Q 2024). FFO margin: 40% (up from 27% in 1Q 2024). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Retail REITs industry in the US.공시 • May 15FrontView REIT, Inc. Declares Quarterly Dividend, Payable on or Before July 15, 2025FrontView REIT, Inc. Declared quarterly dividend of $0.215 per share and OP unit to holders of record as of June 30, 2025, payable on or before July 15, 2025.Major Estimate Revision • May 07Consensus EPS estimates fall by 59%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$70.7m to US$73.3m. Forecast EPS reduced from -US$0.043 to -US$0.068 per share. Retail REITs industry in the US expected to see average net income growth of 4.1% next year. Consensus price target down from US$17.40 to US$16.80. Share price fell 6.0% to US$11.69 over the past week.Breakeven Date Change • May 06No longer forecast to breakevenThe 4 analysts covering FrontView REIT no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$1.97m in 2026. New consensus forecast suggests the company will make a loss of US$345.5k in 2026.공시 • Apr 30+ 1 more updateFrontView REIT, Inc. Appoints Sean Fukumura as Chief Accounting OfficerFrontView REIT, Inc. appointed Sean Fukumura to become their Chief Accounting Officer. Sean is exceptionally capable and seasoned with Big 4 public accounting firm experience, almost 19 years in the space and has been overseeing FrontView’s accounting since 2018.Major Estimate Revision • Apr 23Consensus estimates of losses per share improve by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$69.0m to US$70.7m. EPS estimate increased from -US$0.06 per share to -US$0.043 per share. Retail REITs industry in the US expected to see average net income growth of 7.9% next year. Consensus price target down from US$19.60 to US$17.40. Share price was steady at US$12.17 over the past week.공시 • Apr 19FrontView REIT, Inc., Annual General Meeting, May 27, 2025FrontView REIT, Inc., Annual General Meeting, May 27, 2025.공시 • Apr 16FrontView REIT, Inc. to Report Q1, 2025 Results on May 14, 2025FrontView REIT, Inc. announced that they will report Q1, 2025 results After-Market on May 14, 2025Major Estimate Revision • Apr 15Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$72.6m to US$69.0m. Now expected to report a loss of US$0.06 per share instead of US$0.047 per share profit previously forecast. Retail REITs industry in the US expected to see average net income growth of 7.7% next year. Consensus price target down from US$20.80 to US$19.60. Share price rose 9.4% to US$12.08 over the past week.Breakeven Date Change • Apr 14Forecast breakeven date pushed back to 2026The 5 analysts covering FrontView REIT previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 63% to 2025. The company is expected to make a profit of US$1.97m in 2026. Average annual earnings growth of 123% is required to achieve expected profit on schedule.Seeking Alpha • Mar 29FrontView REIT: Buying Outparcels At A 6.5% Dividend YieldSummary FrontView REIT has fallen 30% since its IPO and trades at an attractive valuation of 11x 2025e AFFO, an 8.9% implied cap rate and a 6.5% dividend yield. Despite recent tenant issues, strong demand for outparcel space and management's ability to re-tenant should mitigate negative impacts on NOI and AFFO. Risks include limited public history, tenant defaults, and volatility due to small cap and float, but overall, FrontView shares are undervalued. Read the full article on Seeking AlphaRecent Insider Transactions • Mar 25Founder recently bought US$224k worth of stockOn the 21st of March, Stephen Preston bought around 17k shares on-market at roughly US$13.51 per share. This transaction increased Stephen's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephen has been a buyer over the last 12 months, purchasing a net total of US$341k worth in shares.Upcoming Dividend • Mar 24Upcoming dividend of US$0.21 per shareEligible shareholders must have bought the stock before 31 March 2025. Payment date: 15 April 2025. Trailing yield: 6.4%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (5.0%).Reported Earnings • Mar 20Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: US$0.28 FFO loss per share. Revenue: US$59.9m (up 24% from FY 2023). Funds from operations (FFO) loss: US$4.55m (down 141% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 68%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Retail REITs industry in the US.공시 • Mar 20FrontView REIT, Inc. Declares Quarterly Dividend, Payable on or Before April 15, 2025FrontView REIT, Inc. announced on March 18, 2025, the board of directors declared a quarterly dividend of $0.215 per common share and OP unit to holders of record as of March 31, 2025, payable on or before April 15, 2025.Seeking Alpha • Jan 31FrontView REIT, Negatives Outweigh The PositivesSummary FrontView REIT's IPO received little attention due to Fed rate hikes impacting real estate stocks, causing many REITs to decline by over 30%. FrontView REIT operates in the net lease retail subcategory, making it similar to a bond proxy as tenants cover maintenance, taxes, and insurance. The company owns 278 outparcel properties in 31 states, with prime locations in 24 of the top 30 Metropolitan Areas, enhancing its portfolio value. Despite some strengths (incl. internal management and good geographical exposure) the negatives (debt profile, segment exposure, valuation) outweigh the positives. Read the full article on Seeking AlphaMajor Estimate Revision • Jan 12Consensus EPS estimates upgraded to US$0.60 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$0.80 to -US$0.597 per share. Revenue forecast steady at US$59.9m. Retail REITs industry in the US expected to see average net income growth of 0.1% next year. Consensus price target broadly unchanged at US$21.60. Share price fell 12% to US$15.75 over the past week.공시 • Jan 10FrontView REIT, Inc. to Report Q4, 2024 Results on Mar 19, 2025FrontView REIT, Inc. announced that they will report Q4, 2024 results on Mar 19, 2025Recent Insider Transactions • Nov 22Founder recently bought US$117k worth of stockOn the 21st of November, Stephen Preston bought around 6k shares on-market at roughly US$18.41 per share. This transaction increased Stephen's direct individual holding by 64x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephen has been a buyer over the last 12 months, purchasing a net total of US$117k worth in shares.Reported Earnings • Nov 17Third quarter 2024 earnings: Revenues miss analyst expectationsThird quarter 2024 results: Revenue: US$14.5m (up 25% from 3Q 2023). Net loss: US$2.43m (loss narrowed 32% from 3Q 2023). Revenue missed analyst estimates by 1.8%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Retail REITs industry in the US.공시 • Nov 14FrontView REIT, , Inc. Declares Quarterly Dividend, Payable on or Before January 15, 2025On November 12, 2024 meeting, FrontView REIT, Inc. board of directors declared a quarterly dividend of $0.215 per common share and OP unit to holders of record as of December 31, 2024, payable on or before January 15, 2025.공시 • Oct 24FrontView REIT, Inc. to Report Q3, 2024 Results on Nov 13, 2024FrontView REIT, Inc. announced that they will report Q3, 2024 results After-Market on Nov 13, 2024Reported Earnings • Oct 06Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: US$14.6m (up 28% from 2Q 2023). Net loss: US$2.19m (loss narrowed 15% from 2Q 2023).공시 • Oct 03FrontView REIT, Inc. has completed an IPO in the amount of $250.8 million.FrontView REIT, Inc. has completed an IPO in the amount of $250.8 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 13,200,000 Price\Range: $19 Discount Per Security: $1.2825 Security Features: Income Trust Transaction Features: Reserved Share OfferingBoard Change • Oct 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Founder, Chairman of the Board, Co-CEO & Co-President Stephen Preston was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.이익 및 매출 성장 예측NYSE:FVR - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028850N/AN/A412/31/2027810N/AN/A812/31/2026740N/AN/A83/31/202668-34141N/A12/31/202567-44242N/A9/30/20256643131N/A6/30/202564-33030N/A3/31/202561-22626N/A12/31/202460-32121N/A9/30/202459-11717N/A6/30/202456-21111N/A3/31/202453-22020N/A12/31/202348-11717N/A9/30/202373-123939N/A6/30/202361-93737N/A3/31/202350-62323N/A12/31/202240-42323N/A9/30/202221-1-1N/A6/30/202242-1-1N/A3/31/202253-1-1N/A12/31/202153-1-1N/A9/30/20214200N/A6/30/20213200N/A3/31/20211100N/A12/31/20201100N/A9/30/202021-1-1N/A6/30/202021-1-1N/A3/31/202031-1-1N/A12/31/201931N/A-2N/A9/30/201953N/A-1N/A6/30/201952N/A-1N/A3/31/201942N/A-1N/A12/31/201842N/A0N/A9/30/20180-1N/A-2N/A12/31/20170-1N/A-1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: FVR 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(3.5%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: FVR (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: FVR 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: FVR 의 수익(연간 8.4%)이 US 시장(연간 12.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: FVR 의 수익(연간 8.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: FVR는 3년 뒤에도 수익성이 없을 것으로 전망됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/07 05:51종가2026/07/07 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스FrontView REIT, Inc.는 15명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관John KimBMO Capital Markets Equity ResearchEric Martin BordenBMO Capital Markets Equity ResearchJana GalanBofA Global Research12명의 분석가 더 보기
Breakeven Date Change • Jun 02Forecast to breakeven in 2026The 7 analysts covering FrontView REIT expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$343.1k in 2026. Earnings growth of 84% is required to achieve expected profit on schedule.
Major Estimate Revision • May 14Consensus estimates of losses per share improve by 93%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$72.2m to US$73.6m. EPS estimate increased from -US$0.152 per share to -US$0.01 per share. Retail REITs industry in the US expected to see average net income decline 6.4% next year. Consensus price target up from US$18.17 to US$18.72. Share price fell 3.1% to US$17.70 over the past week.
Major Estimate Revision • Apr 07Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$0.13 to -US$0.163 per share. Revenue forecast of US$72.0m unchanged since last update. Retail REITs industry in the US expected to see average net income decline 13% next year. Consensus price target of US$17.44 unchanged from last update. Share price rose 3.7% to US$16.05 over the past week.
Major Estimate Revision • Mar 20Consensus EPS estimates fall by 117%, revenue upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$68.5m to US$72.0m. Forecast EPS reduced from -US$0.06 to -US$0.13 per share. Retail REITs industry in the US expected to see average net income decline 13% next year. Consensus price target up from US$16.71 to US$17.44. Share price fell 3.6% to US$15.44 over the past week.
Major Estimate Revision • Mar 10Consensus EPS estimates upgraded to US$0.06 loss, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$72.5m to US$68.5m. 2026 losses expected to reduce from -US$0.18 to -US$0.06 per share. Retail REITs industry in the US expected to see average net income decline 13% next year. Consensus price target broadly unchanged at US$16.71. Share price was steady at US$16.21 over the past week.
Major Estimate Revision • Jan 15Consensus EPS estimates upgraded to US$0.025 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.04 to -US$0.025 per share. Revenue forecast steady at US$67.5m. Retail REITs industry in the US expected to see average net income decline 2.2% next year. Consensus price target of US$16.17 unchanged from last update. Share price rose 4.4% to US$16.39 over the past week.
Seeking Alpha • Jul 05FrontView REIT Heats Up The Retail Landscape With New Growth Across America (Rating Upgrade)Summary Frontview REIT gets upgraded to a buy after an updated analysis showed a compelling growth story, dividend safety, and a diversified portfolio. Macro data shows a confident US consumer in June, which can boost confidence in the retail sector overall. Debt-to-equity is low among similar peers. My upside forecast was positive but modest. Read the full article on Seeking Alpha
내러티브 업데이트 • Jun 26FVR: Revised Cash Flow Assumptions Will Shape Future ReturnsAnalysts have revised their price target for FrontView REIT to $19.73 from $15.92, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E levels. What’s in the News for FrontView REIT FrontView REIT reported a buyback tranche update for the period from January 1, 2026 to March 31, 2026, stating that it repurchased 0 shares for $0 million under the previously announced program.
Upcoming Dividend • Jun 23Upcoming dividend of US$0.21 per shareEligible shareholders must have bought the stock before 30 June 2026. Payment date: 15 July 2026. Trailing yield: 4.3%. Within top quartile of American dividend payers (4.3%). In line with average of industry peers (4.4%).
New Risk • Jun 12New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$3.4m Forecast net loss in 2 years: US$1.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company.
Breakeven Date Change • Jun 02Forecast to breakeven in 2026The 7 analysts covering FrontView REIT expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$343.1k in 2026. Earnings growth of 84% is required to achieve expected profit on schedule.
공시 • May 29FrontView REIT, Inc. Announces Appointment of Timothy G. McHugh to Board of Directors, Effective May 28, 2026FrontView REIT, Inc. announced the appointment of Timothy G. “Tim” McHugh to the Company’s Board of Directors as an independent director, effective May 28, 2026. Mr. McHugh, age 41, currently serves as Co-President and Chief Financial Officer of Welltower Inc. . In his role at Welltower, Mr. McHugh oversees the company’s corporate finance function and is actively involved in advancing innovation and technology transformation across the Welltower Business System and broader enterprise platform. Since joining Welltower in 2016, Mr. McHugh has helped lead a period of significant strategic transformation and has held roles of increasing responsibility, including Treasurer, Senior Vice President of Capital Markets, and Executive Vice President and Chief Financial Officer, before assuming his current role. Mr. McHugh will serve until the 2027 annual meeting of stockholders and until his successor is duly elected and qualifies. As of the time of this filing, the Board has not made a determination regarding the committees of the Board, if any, to which Mr. McHugh will be appointed. Mr. McHugh joined Welltower in 2016 as Vice President – Finance and Investments. He has held the positions of Treasurer, Senior Vice President, Chief Financial Officer, and Executive Vice President, Chief Financial Officer before assuming his current role. Prior to joining Welltower, Mr. McHugh worked at RREEF Management, L.L.C . As a senior analyst focused on the healthcare, net lease, office and specialty sectors, he was responsible for developing sector level underwriting methodologies, valuing individual securities, and producing investment recommendations. Prior to his tenure at RREEF, he served as an Equity Research Analyst at Northern Trust covering companies in the financial services, semiconductor, and utility sectors. Mr. McHugh holds a BS in Finance and a minor in Technology & Management from the University of Illinois at Urbana-Champaign and is a Chartered Financial Analyst (CFA).
Major Estimate Revision • May 14Consensus estimates of losses per share improve by 93%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$72.2m to US$73.6m. EPS estimate increased from -US$0.152 per share to -US$0.01 per share. Retail REITs industry in the US expected to see average net income decline 6.4% next year. Consensus price target up from US$18.17 to US$18.72. Share price fell 3.1% to US$17.70 over the past week.
Declared Dividend • May 11First quarter dividend of US$0.21 announcedDividend of US$0.21 is the same as last year. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 4.7%, which is lower than the industry average of 5.2%.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$0.004 (vs US$0.059 loss in 1Q 2025)First quarter 2026 results: EPS: US$0.004 (up from US$0.059 loss in 1Q 2025). Revenue: US$18.2m (up 12% from 1Q 2025). Net income: US$81.0k (up US$1.11m from 1Q 2025). Profit margin: 0.4% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Retail REITs industry in the US.
공시 • Apr 21FrontView REIT, Inc., Annual General Meeting, May 27, 2026FrontView REIT, Inc., Annual General Meeting, May 27, 2026.
공시 • Apr 14FrontView REIT, Inc. to Report Q1, 2026 Results on May 06, 2026FrontView REIT, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026
Major Estimate Revision • Apr 07Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$0.13 to -US$0.163 per share. Revenue forecast of US$72.0m unchanged since last update. Retail REITs industry in the US expected to see average net income decline 13% next year. Consensus price target of US$17.44 unchanged from last update. Share price rose 3.7% to US$16.05 over the past week.
Recent Insider Transactions Derivative • Apr 07Chief Accounting Officer exercised options and sold US$163k worth of stockOn the 31st of March, Sean Fukumura exercised options to acquire 11k shares at no cost and sold these for an average price of US$15.47 per share. This trade did not impact their existing holding. Since June 2025, Sean's direct individual holding has increased from 6.72k shares to 17.79k. Company insiders have collectively sold US$305k more than they bought, via options and on-market transactions in the last 12 months.
Upcoming Dividend • Mar 24Upcoming dividend of US$0.21 per shareEligible shareholders must have bought the stock before 31 March 2026. Payment date: 15 April 2026. Trailing yield: 5.5%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.8%).
Major Estimate Revision • Mar 20Consensus EPS estimates fall by 117%, revenue upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$68.5m to US$72.0m. Forecast EPS reduced from -US$0.06 to -US$0.13 per share. Retail REITs industry in the US expected to see average net income decline 13% next year. Consensus price target up from US$16.71 to US$17.44. Share price fell 3.6% to US$15.44 over the past week.
Major Estimate Revision • Mar 10Consensus EPS estimates upgraded to US$0.06 loss, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$72.5m to US$68.5m. 2026 losses expected to reduce from -US$0.18 to -US$0.06 per share. Retail REITs industry in the US expected to see average net income decline 13% next year. Consensus price target broadly unchanged at US$16.71. Share price was steady at US$16.21 over the past week.
New Risk • Mar 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$4.7m net loss in 2 years).
공시 • Feb 28FrontView REIT, Inc. has filed a Follow-on Equity Offering in the amount of $75 million.FrontView REIT, Inc. has filed a Follow-on Equity Offering in the amount of $75 million. Security Name: Common Stock Security Type: Common Stock Security Features: Income Trust Transaction Features: At the Market Offering
Declared Dividend • Feb 27Fourth quarter dividend of US$0.21 announcedDividend of US$0.21 is the same as last year. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 5.2%, which is about the same as the industry average.
New Risk • Feb 26New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$3.8m Forecast net loss in 2 years: US$1.8m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (342% payout ratio). Currently unprofitable and not forecast to become profitable over next 2 years (US$1.8m net loss in 2 years).
공시 • Feb 25FrontView REIT, Inc. Declares Quarterly Dividend, Payable on or Before April 15, 2026On February 24, 2026, the board of directors of FrontView REIT, Inc. declared a quarterly dividend of $0.215 per common share and OP unit to holders of record as of March 31, 2026, payable on or before April 15, 2026.
공시 • Jan 27FrontView REIT, Inc. to Report Q4, 2025 Results on Feb 24, 2026FrontView REIT, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 24, 2026
Major Estimate Revision • Jan 15Consensus EPS estimates upgraded to US$0.025 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.04 to -US$0.025 per share. Revenue forecast steady at US$67.5m. Retail REITs industry in the US expected to see average net income decline 2.2% next year. Consensus price target of US$16.17 unchanged from last update. Share price rose 4.4% to US$16.39 over the past week.
Major Estimate Revision • Jan 02Consensus EPS estimates upgraded to US$0.04 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.05 to -US$0.04 per share. Revenue forecast steady at US$67.6m. Retail REITs industry in the US expected to see average net income decline 2.2% next year. Consensus price target broadly unchanged at US$16.00. Share price fell 4.0% to US$14.76 over the past week.
Upcoming Dividend • Dec 24Upcoming dividend of US$0.21 per shareEligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. Trailing yield: 5.7%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.9%).
Major Estimate Revision • Dec 07Consensus EPS estimates fall by 400%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.01 to -US$0.05 per share. Revenue forecast unchanged at US$67.6m. Retail REITs industry in the US expected to see average net income decline 2.4% next year. Consensus price target up from US$15.25 to US$15.58. Share price was steady at US$15.45 over the past week.
공시 • Nov 25FrontView REIT, Inc. (NYSE:FVR) announces an Equity Buyback for $75 million worth of its shares.FrontView REIT, Inc. (NYSE:FVR) announces a share repurchase program. Under the program, the company will repurchase up to $75 million worth of its common stock. The program is valid till November 10, 2026.
Major Estimate Revision • Nov 20Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$68.7m to US$67.2m. Losses expected to increase from US$0.32 per share to US$0.38. Retail REITs industry in the US expected to see average net income decline 3.0% next year. Consensus price target of US$15.08 unchanged from last update. Share price was steady at US$13.67 over the past week.
New Risk • Nov 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 220% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings are forecast to decline by an average of 220% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (342% payout ratio). Large one-off items impacting financial results.
Declared Dividend • Nov 16Third quarter dividend of US$0.21 announcedDividend of US$0.21 is the same as last year. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 6.0%, which is higher than the industry average of 5.2%.
Reported Earnings • Nov 13Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$0.19 (up from US$0.15 loss in 3Q 2024). Revenue: US$16.8m (up 16% from 3Q 2024). Net income: US$4.02m (up US$6.45m from 3Q 2024). Profit margin: 24% (up from net loss in 3Q 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Retail REITs industry in the US.
공시 • Nov 13FrontView REIT, Inc. announced that it expects to receive $75 million in funding from Maewyn Capital Partners LlcFrontView REIT, Inc. announced it has entered into an agreement to issue $75 million convertible perpetual preferred equity investment led by Maewyn Capital Partners on November 12, 2025. The preferred shares are convertible into common shares at $17.00 per share by the investors at any time. Two years after the final draw, the Company has the option to convert the Convertible Preferred Shares to common shares, the volume-weighted average price exceeds 17.5% above the Conversion Price for 30 consecutive trading days.
공시 • Oct 16FrontView REIT, Inc. to Report Q3, 2025 Results on Nov 12, 2025FrontView REIT, Inc. announced that they will report Q3, 2025 results After-Market on Nov 12, 2025
Recent Insider Transactions Derivative • Oct 08CEO & Chairman of The Board exercised options and sold US$288k worth of stockOn the 4th of October, Stephen Preston exercised options to acquire 21k shares at no cost and sold these for an average price of US$13.91 per share. This trade did not impact their existing holding. For the year to December 2024, Stephen's total compensation was 3% salary and 97% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Stephen's direct individual holding has increased from 6.45k shares to 37.75k. Company insiders have collectively bought US$496k more than they sold, via options and on-market transactions, in the last 12 months.
Upcoming Dividend • Sep 23Upcoming dividend of US$0.21 per shareEligible shareholders must have bought the stock before 30 September 2025. Payment date: 15 October 2025. Trailing yield: 6.4%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (4.9%).
New Risk • Sep 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (dividend per share is over 17x earnings per share). Currently unprofitable and not forecast to become profitable next year (US$5.3m net loss next year).
Recent Insider Transactions • Aug 21CEO & Chairman of The Board recently bought US$195k worth of stockOn the 20th of August, Stephen Preston bought around 15k shares on-market at roughly US$13.18 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephen has been a buyer over the last 12 months, purchasing a net total of US$536k worth in shares.
Breakeven Date Change • Aug 18No longer forecast to breakevenThe 6 analysts covering FrontView REIT no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$3.79m in 2026. New consensus forecast suggests the company will make a loss of US$873.6k in 2027.
Reported Earnings • Aug 15Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: FFO per share: US$0.3. Revenue: US$17.6m (up 20% from 2Q 2024). Funds from operations (FFO): US$6.72m (up 68% from 2Q 2024). FFO margin: 38% (up from 27% in 2Q 2024). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Retail REITs industry in the US.
공시 • Aug 14+ 1 more updateFrontview REIT, Inc. Declares Quarterly Dividend, Payable on or Before October 15, 2025On August 12, 2025, FrontView REIT, Inc. board of directors declared a quarterly dividend of $0.215 per common share and OP unit to holders of record as of September 30, 2025, payable on or before October 15, 2025.
공시 • Jul 16FrontView REIT, Inc. to Report Q2, 2025 Results on Aug 13, 2025FrontView REIT, Inc. announced that they will report Q2, 2025 results After-Market on Aug 13, 2025
Breakeven Date Change • Jul 02Forecast breakeven date moved forward to 2025The 6 analysts covering FrontView REIT previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$447.5k in 2025. Earnings growth of 37% is required to achieve expected profit on schedule.
공시 • Jul 01FrontView REIT, Inc. Appoints Pierre Revol as Chief Financial Officer, Effective July 21, 2025FrontView REIT, Inc. announced the appointment of Pierre Revol to serve as the Company’s Chief Financial Officer (“CFO”), effective July 21, 2025. With over 20 years of leadership in the real estate and financial sectors, Pierre Revol brings deep expertise in corporate finance, capital markets, REIT operations, and strategic transactions. Most recently, Pierre served as Senior Vice President of Capital Markets at CyrusOne, a leading global data center owner, developer, and operator. In this role, Pierre played an instrumental role in developing and executing the company's capital markets strategy during a time of significant growth and innovation. He successfully raised over $15 billion in both asset-level and corporate financing to ensure CyrusOne’s future growth. Prior to his role at CyrusOne, Pierre served as Senior Vice President, Corporate Finance and Investor Relations at Spirit Realty Capital, Inc., formerly a publicly traded net-lease REIT. As a member of the Management Operating Committee, Pierre played a key leadership role in corporate strategy, capital allocation, and enterprise planning. Additionally, Pierre was principally involved in corporate transactions, including the spin-off and $2.4 billion sale of Spirit Master Trust, the $9.3 billion merger of Realty Income and Spirit Realty, and over $10 billion in capital markets transactions. Pierre received a Bachelor of Science degree in Economics from the Wharton School with a concentration in Finance and a Bachelor of Arts degree in International Relations from the University of Pennsylvania.
Upcoming Dividend • Jun 23Upcoming dividend of US$0.21 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 15 July 2025. Trailing yield: 7.4%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.1%).
공시 • Jun 17+ 2 more updatesFrontView REIT, Inc. Announces CFO Changes, Effective June 15, 2025On June 15, 2025, the Board of Directors of FrontView REIT, Inc. terminated Randall Starr as Chief Financial Officer of the Company for cause, effective June 15, 2025. An investigation by the Audit Committee of the Board, assisted by outside counsel, determined that cause existed pursuant to Mr. Starr’s employment agreement with the Company, dated as of October 3, 2024 (the “Employment Agreement”). Mr. Starr’s termination is unrelated to the Company’s business operations, financial results, or previously filed financial statements. In accordance with the Employment Agreement, Mr. Starr is no longer a member of the Board nor an officer of the Company or any of its affiliates. On June 15, 2025, the Board appointed Sean Fukumura, age 42, to serve as the Company’s Interim Chief Financial Officer, Treasurer, and Secretary, effective June 15, 2025. The Company has begun a formal search for a permanent replacement. Mr. Fukumura will continue to serve as Chief Accounting Officer of the Company, a position he has held since May 2025. Mr. Fukumura joined its predecessor in 2018, and served as Director of Accounting and Tax from 2018 to 2021. From 2021 to 2024, Mr. Fukumura served as its predecessor’s Vice President, Accounting and Tax. Since October 2024, Mr. Fukumura has served as the Company’s Vice President, Accounting and Tax. Prior to joining its predecessor in 2018, Mr. Fukumura was a Corporate Controller with Venterra Realty, a multi-family real estate and investment company from 2012 to 2018. Prior to that, from 2010 to 2012, Mr. Fukumura was a Manager of External Reporting at Reliance Home Comfort. From 2006 to 2010, Mr. Fukumura worked in public accounting in the audit and assurance group of Ernst & Young. Mr. Fukumura is a Chartered Professional Accountant (CPA, CA) and holds a Bachelor of Commerce degree from York University in Toronto.
Major Estimate Revision • Jun 11Consensus EPS estimates fall by 64%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$67.5m to US$68.3m. EPS estimate fell from US$0.24 to US$0.087 per share. Net income forecast to grow 73% next year vs 9.0% growth forecast for Retail REITs industry in the US. Consensus price target broadly unchanged at US$16.60. Share price rose 2.8% to US$11.57 over the past week.
Breakeven Date Change • May 23Forecast to breakeven in 2026The 5 analysts covering FrontView REIT expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 63% to 2025. The company is expected to make a profit of US$3.79m in 2026. Average annual earnings growth of 73% is required to achieve expected profit on schedule.
Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: FFO per share: US$0.4. Revenue: US$16.2m (up 6.4% from 1Q 2024). Funds from operations (FFO): US$6.43m (up 55% from 1Q 2024). FFO margin: 40% (up from 27% in 1Q 2024). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Retail REITs industry in the US.
공시 • May 15FrontView REIT, Inc. Declares Quarterly Dividend, Payable on or Before July 15, 2025FrontView REIT, Inc. Declared quarterly dividend of $0.215 per share and OP unit to holders of record as of June 30, 2025, payable on or before July 15, 2025.
Major Estimate Revision • May 07Consensus EPS estimates fall by 59%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$70.7m to US$73.3m. Forecast EPS reduced from -US$0.043 to -US$0.068 per share. Retail REITs industry in the US expected to see average net income growth of 4.1% next year. Consensus price target down from US$17.40 to US$16.80. Share price fell 6.0% to US$11.69 over the past week.
Breakeven Date Change • May 06No longer forecast to breakevenThe 4 analysts covering FrontView REIT no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$1.97m in 2026. New consensus forecast suggests the company will make a loss of US$345.5k in 2026.
공시 • Apr 30+ 1 more updateFrontView REIT, Inc. Appoints Sean Fukumura as Chief Accounting OfficerFrontView REIT, Inc. appointed Sean Fukumura to become their Chief Accounting Officer. Sean is exceptionally capable and seasoned with Big 4 public accounting firm experience, almost 19 years in the space and has been overseeing FrontView’s accounting since 2018.
Major Estimate Revision • Apr 23Consensus estimates of losses per share improve by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$69.0m to US$70.7m. EPS estimate increased from -US$0.06 per share to -US$0.043 per share. Retail REITs industry in the US expected to see average net income growth of 7.9% next year. Consensus price target down from US$19.60 to US$17.40. Share price was steady at US$12.17 over the past week.
공시 • Apr 19FrontView REIT, Inc., Annual General Meeting, May 27, 2025FrontView REIT, Inc., Annual General Meeting, May 27, 2025.
공시 • Apr 16FrontView REIT, Inc. to Report Q1, 2025 Results on May 14, 2025FrontView REIT, Inc. announced that they will report Q1, 2025 results After-Market on May 14, 2025
Major Estimate Revision • Apr 15Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$72.6m to US$69.0m. Now expected to report a loss of US$0.06 per share instead of US$0.047 per share profit previously forecast. Retail REITs industry in the US expected to see average net income growth of 7.7% next year. Consensus price target down from US$20.80 to US$19.60. Share price rose 9.4% to US$12.08 over the past week.
Breakeven Date Change • Apr 14Forecast breakeven date pushed back to 2026The 5 analysts covering FrontView REIT previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 63% to 2025. The company is expected to make a profit of US$1.97m in 2026. Average annual earnings growth of 123% is required to achieve expected profit on schedule.
Seeking Alpha • Mar 29FrontView REIT: Buying Outparcels At A 6.5% Dividend YieldSummary FrontView REIT has fallen 30% since its IPO and trades at an attractive valuation of 11x 2025e AFFO, an 8.9% implied cap rate and a 6.5% dividend yield. Despite recent tenant issues, strong demand for outparcel space and management's ability to re-tenant should mitigate negative impacts on NOI and AFFO. Risks include limited public history, tenant defaults, and volatility due to small cap and float, but overall, FrontView shares are undervalued. Read the full article on Seeking Alpha
Recent Insider Transactions • Mar 25Founder recently bought US$224k worth of stockOn the 21st of March, Stephen Preston bought around 17k shares on-market at roughly US$13.51 per share. This transaction increased Stephen's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephen has been a buyer over the last 12 months, purchasing a net total of US$341k worth in shares.
Upcoming Dividend • Mar 24Upcoming dividend of US$0.21 per shareEligible shareholders must have bought the stock before 31 March 2025. Payment date: 15 April 2025. Trailing yield: 6.4%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (5.0%).
Reported Earnings • Mar 20Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: US$0.28 FFO loss per share. Revenue: US$59.9m (up 24% from FY 2023). Funds from operations (FFO) loss: US$4.55m (down 141% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 68%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Retail REITs industry in the US.
공시 • Mar 20FrontView REIT, Inc. Declares Quarterly Dividend, Payable on or Before April 15, 2025FrontView REIT, Inc. announced on March 18, 2025, the board of directors declared a quarterly dividend of $0.215 per common share and OP unit to holders of record as of March 31, 2025, payable on or before April 15, 2025.
Seeking Alpha • Jan 31FrontView REIT, Negatives Outweigh The PositivesSummary FrontView REIT's IPO received little attention due to Fed rate hikes impacting real estate stocks, causing many REITs to decline by over 30%. FrontView REIT operates in the net lease retail subcategory, making it similar to a bond proxy as tenants cover maintenance, taxes, and insurance. The company owns 278 outparcel properties in 31 states, with prime locations in 24 of the top 30 Metropolitan Areas, enhancing its portfolio value. Despite some strengths (incl. internal management and good geographical exposure) the negatives (debt profile, segment exposure, valuation) outweigh the positives. Read the full article on Seeking Alpha
Major Estimate Revision • Jan 12Consensus EPS estimates upgraded to US$0.60 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$0.80 to -US$0.597 per share. Revenue forecast steady at US$59.9m. Retail REITs industry in the US expected to see average net income growth of 0.1% next year. Consensus price target broadly unchanged at US$21.60. Share price fell 12% to US$15.75 over the past week.
공시 • Jan 10FrontView REIT, Inc. to Report Q4, 2024 Results on Mar 19, 2025FrontView REIT, Inc. announced that they will report Q4, 2024 results on Mar 19, 2025
Recent Insider Transactions • Nov 22Founder recently bought US$117k worth of stockOn the 21st of November, Stephen Preston bought around 6k shares on-market at roughly US$18.41 per share. This transaction increased Stephen's direct individual holding by 64x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephen has been a buyer over the last 12 months, purchasing a net total of US$117k worth in shares.
Reported Earnings • Nov 17Third quarter 2024 earnings: Revenues miss analyst expectationsThird quarter 2024 results: Revenue: US$14.5m (up 25% from 3Q 2023). Net loss: US$2.43m (loss narrowed 32% from 3Q 2023). Revenue missed analyst estimates by 1.8%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Retail REITs industry in the US.
공시 • Nov 14FrontView REIT, , Inc. Declares Quarterly Dividend, Payable on or Before January 15, 2025On November 12, 2024 meeting, FrontView REIT, Inc. board of directors declared a quarterly dividend of $0.215 per common share and OP unit to holders of record as of December 31, 2024, payable on or before January 15, 2025.
공시 • Oct 24FrontView REIT, Inc. to Report Q3, 2024 Results on Nov 13, 2024FrontView REIT, Inc. announced that they will report Q3, 2024 results After-Market on Nov 13, 2024
Reported Earnings • Oct 06Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: US$14.6m (up 28% from 2Q 2023). Net loss: US$2.19m (loss narrowed 15% from 2Q 2023).
공시 • Oct 03FrontView REIT, Inc. has completed an IPO in the amount of $250.8 million.FrontView REIT, Inc. has completed an IPO in the amount of $250.8 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 13,200,000 Price\Range: $19 Discount Per Security: $1.2825 Security Features: Income Trust Transaction Features: Reserved Share Offering
Board Change • Oct 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Founder, Chairman of the Board, Co-CEO & Co-President Stephen Preston was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
