FrontView REIT Announces Third Quarter 2026 Results
FrontView REIT reported Q3 2026 revenue of $18.6 million, up roughly 11% year-over-year, with AFFO per share of $0.33 versus $0.32 a year ago. GAAP net income fell to $3.0 million ($0.08 per share) from $5.5 million ($0.19), driven by lower gains on real estate sales, while the company acquired 16 properties for $50.6 million at a 7.56% cap rate and held occupancy at 99.4%. Leverage improved to 5.0x Net Debt/Annualized Adjusted EBITDAre (4.5x adjusted) with $174.0 million of liquidity, and the board maintained full-year 2026 guidance of $1.32-$1.34 AFFO per share with approximately $120 million of net investment activity.
Key figures
- Eps
- 0.08
- Revenue
- 18628000
- Guidance
- Full year 2026 AFFO per share guidance maintained at $1.32-$1.34; net investment activity approximately $120.0 million
- Revenue Yoy
- 10.9%
- Ffo
- 7383000
- Affo
- 9718000
- Occupancy
- 99.4%
- Net income
- 2989000
- Dispositions
- $17.1 million
- Ffo per share
- 0.25
- Affo per share
- 0.33
- Total liquidity
- $174.0 million
- Affo payout ratio
- 64.7%
- Acquisition volume
- $50.6 million
- Dividend per share
- 0.215
- Properties acquired
- 16
- Acquisition cap rate
- 7.56%
- Net debt to ebitdare
- 5.0x
- Adjusted net debt to ebitdare
- 4.5x
AI analysis
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