other material
confidence high
sentiment positive
materiality 0.55
FrontView REIT: YTD acquisitions $119.3M, AFFO/sh growth +20%, portfolio ABR up to $66.9M
FrontView REIT, Inc.
- 2026 YTD: 36 properties acquired for $119.3M at 7.40% cash cap rate; 19 dispositions for $46.8M at 6.83% cap.
- Net deployment $72.4M; target investment guidance $120M with $34M under signed PSA.
- AFFO/share growth guidance +20% vs peer avg +24.4%, but absolute growth +3.9% vs peers +0.8%.
- Portfolio: ABR rose to $66.9M, occupancy 99.4%, IG tenancy 33.6%, WALT 7.1 yrs; TX+FL 15.4% of ABR.
- Balance sheet: $50M undrawn preferred equity, $32.2M forward equity, adj. net debt/EBITDAre 4.0x.