Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
FrontView REIT, Inc. is an internally managed net-lease real estate investment trust (REIT) focused on acquiring, owning, and managing properties with frontage that are leased to a diversified tenant base. Our real estate 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.
How they make money
FrontView REIT is an internally-managed net-lease real estate investment trust that acquires, owns, and manages properties with direct frontage along high-traffic retail corridors. The company generates revenue primarily through long-term net leases where tenants are responsible for property-level operating expenses, maintenance, insurance, and taxes.
Products & services
The company provides commercial real estate leasing services, focusing on outparcel properties and retail assets located in prominent corridors that support service-oriented businesses such as medical providers, dental clinics, and quick-service restaurants.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
As of December 31, 2024, approximately 33.1% of tenants had an investment-grade credit rating, and the top 10 tenant concepts represented approximately 4.0% of the portfolio concentration.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
Real estate-first investment strategy focusing on high-visibility, high-traffic retail corridorsSource
Internally-managed structure with experienced leadership in net lease investing and developmentSource
Risks
Dependence on tenant financial health and ability to meet contractual lease obligationsSource
Risks associated with real estate market fluctuations and property valuation changesSource
Overall investment score · Quality, value, risk and opportunity
19
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
26
Poor
Financial Strength
31
Business Quality / Moat
34
Management
6
Growth Quality
36
Risk / Durability
17
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
29
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
37/100
Building Historical Record
Model Score 37/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
No strong positive signal is being highlighted from the currently available summary data.
What to watch
•Material dilution — approximately 73.3% share-count growth
•Debt service risk
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for FVR
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can FVR maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is FVR's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is FVR's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What future growth or profitability would be needed to justify FVR's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for FVR
Detected from reported data — verify before acting.
Material dilution — approximately 73.3% share-count growth
Diluted shares outstanding grew ~73.3% year-over-year. Substantial dilution reduces per-share value and can signal financing stress. Wall Street Score is capped.
Debt service risk
Interest coverage is low (~0.6x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on FVR.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Real estate-first investment strategy focusing on high-visibility, high-traffic retail corridors.
+Internally-managed structure with experienced leadership in net lease investing and development.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the REIT - Diversified industry.
−Dependence on tenant financial health and ability to meet contractual lease obligations.
−Risks associated with real estate market fluctuations and property valuation changes.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Very Weak19/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Poor
30
Debt Cost5.5%
Debt Reduction YoY-16.9%
Debt / Equity0.84x
Tap for breakdown →
Revenue
Poor
21
Revenue YoY3.7%
Revenue CAGR17.9%
Net Margin2.1%
Tap for breakdown →
Asset
Fair
63
Asset Growth YoY4.0%
Liquidation/Share$18.99
Net Assets/MCap2.35x
Tap for breakdown →
Capital
Poor
6
Earnings Yield0.4%
Buyback Yield0.7%
Debt Cost5.5%
Tap for breakdown →
Management
Poor
6
ROIC2.5%
ROE0.3%
ROA0.2%
Tap for breakdown →
Moat
Poor
34
EPS Growth—
FCF/Share Growth8.9%
Rev/Share Growth-1.4%
Tap for breakdown →
Valuation
Poor
0
Intrinsic Value$1.84
Value Reference$1.10
MOS-864.0%
Tap for breakdown →
Buffett
Poor
27
Revenue21
Moat34
Valuation0
Tap for breakdown →
MOS
Poor
0
MOS %-864.0%
Value Reference$1.10
Deep Discount Reference$0.74
Tap for breakdown →
Financial
Poor
11
Interest Coverage0.6x
ROIC2.5%
FCF Yield11.2%
Tap for breakdown →
Master
Poor
11
Financial11
Valuation0
Debt30
Tap for breakdown →
Resilience
Weak
42
Survival Years-1.7 yrs
Current Ratio1.20x
FCF Margin62.8%
Tap for breakdown →
Was this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
YesNot yetDismiss
Score Changes
5 historical score records available
Previous Score
19
Sep 24, 2026
Change
Unchanged
Current Score
19
Oct 1, 2026
Category Changes
Revenue+0.2
Debt0
Assets0
Capital0
Management0
Moat0
Valuation0
Buffett0
FVR score was unchanged.
Projected Score
Projected Score
21
Projected Change
+1.2 points
Preliminary comparable-period financial changes suggest improvement of approximately 1.2 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
Revenue
$69.6M
$67.1M
$59.9M
$48.3M
····
····
····
Cost of Revenue
$106.7M
$76.0M
$12.6M
$11.6M
····
····
····
Gross Profit
-$37.1M
-$8.8M
$47.3M
$36.7M
····
····
····
Research & Development
$0.00
$0.00
$0.00
$0.00
····
····
····
SG&A Expenses
$14.3M
$12.9M
$4.9M
$8.1M
····
····
····
Operating Expenses
-$51.7M
-$20.2M
$62.0M
$51.2M
····
····
····
EBITDA
$54.2M
$45.9M
$23.2M
$30.4M
····
····
····
Operating Income
$14.6M
$11.3M
-$14.7M
-$14.5M
····
····
····
Interest Expense
$17.2M
$18.0M
$23.3M
$18.4M
····
····
····
Income Before Tax
$2.4M
-$5.2M
-$30.6M
-$1.2M
····
····
····
Income Tax Expense
$218K
$350K
$580K
$316K
····
····
····
Net Income
$1.5M
-$3.8M
-$22.2M
-$1.1M
····
····
····
Basic EPS
$0.05
$-0.22
$-0.19
$-0.07
····
····
····
Basic Shares
22.28M
19.76M
16.07M
14.98M
····
····
····
Diluted Shares
22.28M
27.84M
16.07M
14.98M
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Debt reduced
What Weakened
Cash position declined
Potential Score Impact
Positive indicators included revenue growth, debt levels, net income margin. Pressure indicators included EPS growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 3.1%. EPS declined 117.6%. Cash declined 28.2%. Total debt declined 95.8%. Net income margin improved by 23.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.