Frontview REIT Inc.
07/01/2026 | Press release | Distributed by Public on 07/01/2026 05:25
FrontView REIT Provides Second Quarter Investment Activity, Capital Markets Update and Update to Net Investment Guidance (Form 8-K)
FrontView REIT Provides Second Quarter Investment Activity, Capital Markets Update and Update to Net Investment Guidance
Dallas, TX - FrontView REIT, Inc. ("FrontView" or the "Company") today provided an update on second quarter investment activity, capital markets activity and revised net investment guidance.
"Our second quarter investment activity continues to highlight the quality and depth of the opportunities we are sourcing within the market," said Steve Preston, Chairman and Chief Executive Officer.
"Year-to-date, we have acquired more than $92 million of properties, including over $58 million across 17 properties in the second quarter, and we are increasing our 2026 net investment guidance from $100 million to $110 million. In addition, we raised $50.5 million of new common equity during the quarter at a weighted average gross price of $19.50 per share, providing additional capacity to fund our external growth strategy through 2027 at our current acquisition pace."
Quarter-to-date capital deployment:
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Acquired 17 properties for a purchase price of $58.2 million with a cash yield of 7.34%.
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Sold 10 properties for an aggregate $22.9 million, including 9 occupied properties with a cash yield of 7.12%.
Year-to-date capital deployment:
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Acquired 27 properties for a purchase price of $92.0 million with a cash yield of 7.40%.
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Sold 15 properties for an aggregate $32.5 million, including 11 occupied properties with a cash yield of 7.09%.
Capital markets update:
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During the second quarter, we sold 2,588,775 shares of common stock under the Company's at-the-market equity offering program at a weighted average gross price of $19.50 per share, generating gross proceeds of approximately $50.5 million. Of the total shares sold, 898,983 shares were issued and settled during the quarter, and 1,689,792 shares were sold on a forward basis.
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As of quarter-end, the Company had $50.0 million of remaining capacity under its Series A Convertible Preferred Equity commitment and approximately $32.2 million of estimated net proceeds available under unsettled forward equity sale agreements, assuming full physical settlement.
Net investment guidance update:
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Increasing calendar year 2026 net investment guidance from $100.0 million to $110.0 million.
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About FrontView REIT, Inc.
FrontView is an internally managed net-lease real estate investment trust ("REIT") focused on acquiring, owning, and managing properties with frontage that are leased to a diversified tenant base. Our real estate investment strategy is centered around highly visible properties in prominent retail corridors with strong underlying real estate fundamentals. We target properties along high-traffic roads that offer strong consumer visibility and adaptable building formats capable of supporting various businesses over time.
As of March 31, 2026, FrontView owned a diversified portfolio of 309 direct frontage properties across 36 U.S. states, leased primarily to service and necessity-based tenants across 16 industries, including medical and dental providers, quick-service and casual dining restaurants, financial institutions, cellular retailers, automotive-related, fitness, and general retail, along with several other diversified industries.
Frontview REIT Inc. published this content on July 01, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 01, 2026 at 11:25 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]