FrontView REIT, Inc.

FrontView is an internally-managed net-lease real estate investment trust (REIT) that acquires, owns, and manages properties with frontage, which are then net leased to a diverse group of tenants. The company focuses on properties with direct frontage on high-traffic roads in prominent retail areas, aiming for high visibility and adaptable spaces suitable for various uses. As of December 31, 2025, FrontView owned a portfolio of 303 properties across 37 U.S. states, comprising approximately 2.7 million rentable square feet of operational space. The portfolio is diversified by tenant, industry, and geography. Tenants typically include service-oriented businesses such as medical and dental providers, quick service restaurants, casual dining, financial institutions, cellular stores, automotive stores, fitness operators, discount retail, convenience stores and gas stations, automotive dealers, car washes, home improvement stores, other necessity tenants, pharmacies, and professional services tenants. The properties are primarily located in larger populated markets, within active retail corridors, and areas with direct visibility on high-traffic roads. As of December 31, 2025, no single state exceeded 14.9% of the company's Annualized Base Rent (ABR), and 78.1% of properties were in the top 100 Metropolitan Statistical Areas (MSAs). The portfolio's occupancy rate was 98.7% as of December 31, 2025. Properties were leased to 321 tenants representing 155 different brands, with no single tenant brand accounting for more than 3.51% of ABR. Approximately 34.8% of tenants had an investment-grade credit rating as of December 31, 2025.