other material
confidence high
sentiment positive
materiality 0.50
FrontView REIT buys 16 properties for $50.6M at 7.6% yield; adds $20M preferred, $45M of $75M drawn
FrontView REIT, Inc.
- Q3 acquisitions: 16 frontage properties for $50.6M at a 7.6% cash yield; sold 5 occupied properties for $17.1M at a 6.6% cash yield.
- Year-to-date: 43 properties acquired for $142.6M (7.5% yield); 20 properties sold for $49.7M, including 16 occupied at a 6.9% yield.
- Issued $20.0M of Series A Convertible Preferred Stock, bringing total drawn to $45.0M of the $75.0M capacity; expected fully drawn Nov 10, 2026.
- ATM activity: settled 1,699,165 shares for $32.7M net proceeds; sold 9,373 shares forward at a $21.01 weighted average gross price (~$0.2M).
- One investor converted $6.7M of the initial $25.0M Series A Preferred into 392,158 common shares during the quarter.