FrontView REIT (FVR)
Buys freestanding, high-visibility retail buildings and triple-net-leases them to a diversified base of service tenants.
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Buys freestanding retail buildings with direct road frontage and triple-net-leases them to a wide mix of service tenants — restaurants, medical and dental practices, auto and cellular retailers, and convenience stores — so no single tenant dominates rent. Began as a private partnership in 2016 and went public in 2024, bringing management in-house.
Buys freestanding retail buildings with direct road frontage and leases them long-term, triple-net, to a deliberately wide mix of service tenants — restaurants, medical and dental practices, cellular retailers, auto dealers and repair shops, financial institutions, pharmacies, and convenience stores — so no single tenant or industry drives rent.
The approach traces to a private partnership a Dallas team built starting in 2016, assembling the portfolio for years before the business went public in 2024 and brought management in-house at listing.
Site selection favors visibility over tenant credit alone, on the logic that a well-located building can be re-tenanted quickly once a lease ends. The company runs with a lean internal staff and outsources back-office asset management to an affiliate of its founding sponsor.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | Raymond James | Reiterate | Rating: —Target: $22 | Target: $23 |
| Jul 20, 2026 | BMO Capital | Reiterate | Rating: —Target: $20 | Target: $24 |
| Jul 15, 2026 | Wells Fargo | Reiterate | Rating: —Target: $18 | Target: $23 |
| Jul 8, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $14 | Target: $21 |
| Jun 9, 2026 | Raymond James | Target | Target: — | Target: $22 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.0M · Total debt $13.8M · Total assets $900.4M · Shareholders' equity $437.3M
- Revenue
- $18.0M
- Operating income
- $4.0M
- Net income
- $1.2M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 92.49% | 20.95M shares | |
|---|---|---|---|
| 127 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.54% | 1.26M shares | |
| 11 holders · as of Jul 23, 2026 | |||
| Strategic holders | 12.07% | 2.73M shares | |
| 2 holders · as of Apr 29, 2026 | |||
| Adds to | 110.10% | ||
22.65M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 110.10%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 19.68% | 4.46M | as of Jun 30, 2026 |
FMR LLCInstitution | 14.95% | 3.39M | as of Jun 30, 2026 |
Prudential Financial IncInstitution | 12.81% | 2.90M | as of Jun 30, 2026 |
Alyeska Investment Group, L.P.1Strategic10 percent owner | 6.48% | 1.47M | filed Oct 8, 2024 |
BlackRock Portfolio Management LLCStrategic | 5.60% | 1.27M | filed Apr 29, 2026 |
- Reported at 4.69% on Aug 14, 2025, under the 5% line, so no further filing is required.
Insider tradesForm 4
No open-market trades in the last 12 months.
- Realty Income
Sector-dominant net-lease landlord with deep tenant-category overlap
- NNN REIT
Far larger peer with a near-identical service-retail tenant mix
- Essential Properties Realty Trust
Much larger service-tenant peer chasing the same sale-leaseback deals
- Agree Realty
Large-cap peer skewed toward investment-grade national retailers
- Getty Realty
Larger convenience/gas/car-wash/auto-service net-lease specialist
- Four Corners Property Trust
Restaurant-rooted peer expanding into medical-retail net lease
- Broadstone Net Lease
Larger, industrial-tilted peer overlapping in retail/QSR leasebacks
- Alpine Income Property Trust
Similarly small-cap, externally managed peer chasing the same deal sizes
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| FrontView REIT | $18.22 | −0.16% | $400.5M | 260.8 | — | 5.8 | +2.5% |
| Realty Income | $56.68 | +0.29% | $52.83B | 41.4 | 35.0 | 8.9 | +1.1% |
| NNN REIT | $42.02 | +1.06% | $7.92B | 20.4 | 19.8 | 8.3 | +7.2% |
| Essential Properties Realty Trust | $27.05 | 0.00% | $5.79B | 20.7 | 21.2 | 8.7 | +10.3% |
| Agree Realty | $67.79 | +0.71% | $8.12B | 36.4 | 34.7 | 10.4 | +16.9% |
| Getty Realty | $29.45 | +0.03% | $1.83B | 17.8 | 21.3 | 7.8 | +11.9% |
| Four Corners Property Trust | $22.44 | −0.04% | $2.48B | 20.4 | 20.3 | 8.1 | +7.7% |
| Broadstone Net Lease | $19.12 | −0.10% | $3.70B | 26.1 | 27.1 | 7.7 | +8.3% |
| Alpine Income Property Trust | $17.33 | −0.12% | $288.9M | 90.4 | 26.8 | 4.1 | +34.6% |
| Median | 23.4 | 24.0 | 8.2 | +9.3% |