Revenue: As of FY2026 Q2, the actual value is USD 18.01 M.

EPS: As of FY2026 Q2, the actual value is USD 0.03.

EBIT: As of FY2026 Q2, the actual value is USD 5.708 M.

Financial Performance Highlights

FrontView REIT, Inc. reported net income of $1.5 million for the second quarter of 2026, with Funds from Operations (FFO) at $7.2 million, or $0.26 per share, and Adjusted Funds from Operations (AFFO) at $9.4 million, or $0.33 per share. For the three months ended June 30, 2026, total revenues were $18,005 thousand, up from $17,554 thousand in the prior year. Net income significantly improved to $1,517 thousand in 2026 from - $4,530 thousand in 2025. FFO increased to $7,218 thousand from $6,720 thousand, and AFFO grew to $9,396 thousand from $9,028 thousand year-over-year. The AFFO payout ratio for the quarter was 64.7%, down from 66.3% in the prior year.

For the six months ended June 30, 2026, total revenues were $36,190 thousand, an increase from $33,797 thousand in 2025. Net income was $1,917 thousand, a substantial improvement from - $5,867 thousand in the same period of 2025. FFO rose to $14,900 thousand from $13,149 thousand, and AFFO increased to $18,886 thousand from $17,257 thousand. The AFFO payout ratio for the six months was 64.2%, down from 69.3% in 2025.

Revenue

Rental revenues for the three months ended June 30, 2026, were $17,809 thousand, up from $17,547 thousand in the prior year. Total revenues for the same period were $18,005 thousand, an increase from $17,554 thousand in 2025. For the six months ended June 30, 2026, rental revenues were $35,785 thousand, up from $33,790 thousand in the prior year, and total revenues were $36,190 thousand, compared to $33,797 thousand in 2025.

Operating Expenses

Total operating expenses for the three months ended June 30, 2026, were $14,309 thousand, a decrease from $15,459 thousand for the same period in 2025. For the six months ended June 30, 2026, total operating expenses were $27,962 thousand, down from $28,479 thousand in the prior year period.

Adjusted EBITDAre and Adjusted Cash NOI

For the three months ended June 30, 2026, Adjusted EBITDAre was $14,981 thousand, with an annualized Adjusted EBITDAre of $59,924 thousand. Adjusted Cash NOI for the same period was $16,895 thousand, and annualized Adjusted Cash NOI was $67,580 thousand.

Balance Sheet Highlights (as of June 30, 2026)

Total assets were $900,362 thousand, up from $854,443 thousand as of December 31, 2025. Total liabilities were $371,739 thousand, an increase from $361,219 thousand, while total equity grew to $528,623 thousand from $493,224 thousand over the same period.

Capital Structure and Liquidity (as of June 30, 2026)

FrontView REIT, Inc. maintained strong liquidity totaling $208,238 thousand, comprising $6,001 thousand in cash and cash equivalents, $120,000 thousand in undrawn revolving credit facility capacity, $50,000 thousand in undrawn Series A Convertible Preferred Stock, and $32,237 thousand in unsettled forward equity. Net debt was $323,999 thousand, and adjusted net debt was $241,762 thousand. Leverage ratios included Net Debt to Annualized Adjusted EBITDAre of 5.4x and Adjusted Net Debt to Annualized Adjusted EBITDAre of 4.0x. The Fixed Charge Coverage Ratio was 3.6x. Loan-to-Value (LTV) was 33.0%. Total Capitalization was $939 million, with common stock representing 51.0%, OP Units 11.2%, Series A convertible preferred stock 2.7%, Revolving Credit Facility 13.8%, and Term loan 21.3%.

Operational Metrics

FrontView REIT, Inc. acquired 17 properties for $58.2 million at an average capitalization of 7.34% and a weighted average lease term of 7.3 years in Q2 2026. Additionally, 10 properties were sold for $22.9 million in gross proceeds. For the six months ended June 30, 2026, investments totaled $92,043 thousand across 27 properties, and dispositions amounted to $32,542 thousand from 15 properties, resulting in net investment activity of $59,501 thousand across 12 properties. The company’s portfolio consisted of 316 properties with an annualized base rent of $66,899 thousand and a gross real estate investment of $985,892 thousand as of June 30, 2026. The occupancy rate was 99.4%, and the weighted average lease term was 7.1 years. Investment grade properties constituted 33.6% of the portfolio.

Outlook / Guidance

FrontView REIT, Inc. raised its full-year 2026 AFFO per share guidance to $1.32 to $1.34, implying 7% growth at the midpoint over 2025. The company also increased its net investment guidance to approximately $120.0 million, up from ~$110 million. FrontView REIT, Inc. is fully funded for its 2026 and 2027 investments through forward equity, undrawn preferred stock, and revolver capacity.