FrontView REIT
Buys freestanding, high-visibility retail buildings and triple-net-leases them to a diversified base of service tenants.
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Profile
Buys freestanding retail buildings with direct road frontage and triple-net-leases them to a wide mix of service tenants — restaurants, medical and dental practices, auto and cellular retailers, and convenience stores — so no single tenant dominates rent. Began as a private partnership in 2016 and went public in 2024, bringing management in-house.
Buys freestanding retail buildings with direct road frontage and leases them long-term, triple-net, to a deliberately wide mix of service tenants — restaurants, medical and dental practices, cellular retailers, auto dealers and repair shops, financial institutions, pharmacies, and convenience stores — so no single tenant or industry drives rent.
The approach traces to a private partnership a Dallas team built starting in 2016, assembling the portfolio for years before the business went public in 2024 and brought management in-house at listing.
Site selection favors visibility over tenant credit alone, on the logic that a well-located building can be re-tenanted quickly once a lease ends. The company runs with a lean internal staff and outsources back-office asset management to an affiliate of its founding sponsor.
Company facts
Categories
Key statistics
Year to date +30.7% · Average volume (30d) 196.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 13, 2026 | Raymond James | Reiterate | Strong Buy | $22 | $23 | |
| Jul 20, 2026 | BMO Capital | Reiterate | Outperform | $20 | $24 | |
| Jul 15, 2026 | Wells Fargo | Reiterate | Overweight | $18 | $23 | |
| Jul 8, 2026 | Morgan Stanley | Reiterate | Equal Weight | $14 | $21 | |
| Jun 9, 2026 | Raymond James | Target | $22 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.01 | $0.03 | +128.5% | $18.3M | $18.0M | −1.7% | −3.17% |
| May 6, 2026Q1 FY26 | $0.32 | $0.34 | +6.3% | $17.3M | $18.0M | +3.7% | +4.40% |
| Feb 24, 2026Q4 FY25 | $0.31 | −$0.19 | −161.3% | $16.9M | $16.3M | −3.4% | −0.36% |
| Nov 12, 2025Q3 FY25 | $0.30 | $0.19 | −36.7% | $16.9M | $16.8M | −0.8% | +1.69% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $16.2M | $17.5M | $16.8M | $16.6M | $18.2M | $18.0M | |
| Gross profit | $13.9M | $14.8M | $14.6M | −$52.1M | $511.0K | −$126.0K | |
| Operating income | $3.2M | $2.0M | $11.5M | −$5.4M | $4.5M | $4.0M | |
| Net income | −$833.0K | −$2.9M | $4.0M | −$4.1M | $320.0K | $1.2M | |
| Diluted EPS | −$0.06 | −$0.17 | $0.14 | −$0.10 | −$0.00 | $0.03 | |
| Gross margin | 85.4% | 84.5% | 86.9% | -313.5% | 2.8% | -0.7% | |
| Operating margin | 19.8% | 11.5% | 68.3% | -32.4% | 24.9% | 22.2% |
Fiscal years (4-quarter sums)FY24 $59.6M · FY25 $67.1M
Balance sheet, Jun 30, 2026Cash & short-term investments $6.0M · Total debt $13.8M · Total assets $900.4M · Shareholders' equity $437.3M
Dividends
Last cut to $0.215 from $0.43 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.215 | cut from $0.43 |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.43 | raised from $0.215 |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.215 | |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.215 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $0.215 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $0.215 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.215 |
Ownership
Shares outstanding 22.65M · Float 22.32M · 98.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.46M | 19.68% | 13F | Aug 7, 2026 |
| FMR LLC | 3.39M | 14.95% | 13F | Aug 13, 2026 |
| Prudential Financial Inc | 2.90M | 12.81% | 13F | Aug 12, 2026 |
| Maewyn Capital Partners LLC | 1.53M | 6.70% | 13D | Apr 6, 2026 |
| Vanguard Capital Management LLC | 967.7K | 4.27% | 13F | Aug 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Realty Income
Sector-dominant net-lease landlord with deep tenant-category overlap
- NNN REIT
Far larger peer with a near-identical service-retail tenant mix
- Essential Properties Realty Trust
Much larger service-tenant peer chasing the same sale-leaseback deals
- Agree Realty
Large-cap peer skewed toward investment-grade national retailers
- Getty Realty
Larger convenience/gas/car-wash/auto-service net-lease specialist
- Four Corners Property Trust
Restaurant-rooted peer expanding into medical-retail net lease
- Broadstone Net Lease
Larger, industrial-tilted peer overlapping in retail/QSR leasebacks
- Alpine Income Property Trust
Similarly small-cap, externally managed peer chasing the same deal sizes
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| FrontView REIT | $19.45 | −0.09% | $440.6M | 286.9 | — | 6.3 | +2.6% |
| Realty Income | $62.13 | +0.22% | $57.80B | 45.2 | 38.4 | 9.7 | +1.1% |
| NNN REIT | $45.67 | −0.01% | $8.69B | 22.4 | 21.9 | 9.1 | +7.0% |
| Essential Properties Realty Trust | $30.37 | −0.03% | $6.57B | 23.5 | 23.0 | 9.9 | +10.3% |
| Agree Realty | $73.20 | −0.05% | $8.79B | 39.4 | 37.7 | 11.3 | +16.9% |
| Getty Realty | $32.87 | −0.03% | $2.04B | 19.8 | 23.7 | 8.7 | +7.8% |
| Four Corners Property Trust | $25.23 | 0.00% | $2.77B | 22.7 | 22.5 | 9.0 | +7.7% |
| Broadstone Net Lease | $21.09 | 0.00% | $4.04B | 28.5 | 27.9 | 8.5 | +8.3% |
| Alpine Income Property Trust | $19.53 | 0.00% | $322.7M | 101.0 | 29.9 | 4.6 | +34.6% |
| Median | 26.0 | 25.8 | 9.1 | +8.0% |