FrontView REIT, Inc. announced on April 30, 2025, its Q1 2025 investment activity, reporting approximately $50 million in property acquisitions at an average cap rate of 7.9%. The company stated plans to slow down its acquisition activity due to the current cost of capital, while reaffirming its 2025 AFFO per share guidance of $1.20 to $1.26.
In an executive leadership change, Tim Dieffenbacher will depart as CFO effective May 5, 2025. Randall Starr, who also serves as Co-CEO, has been appointed to the role of Chief Financial Officer. Additionally, Sean Fukumura was appointed as Chief Accounting Officer, strengthening the company's financial leadership team.
FrontView provided an operational update on 12 properties, representing approximately 4% of year-end 2024 ABR, where tenants were either bankrupt or not paying rent. The company expects an equivalent return of between 3% and 4% of this lost ABR by Q4 2025 or early 2026 through sales, re-leasing, or operational improvements. As of March 31, 2025, FrontView had approximately $141 million of liquidity.
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