FrontView REIT reports Q4 AFFO 33c, consensus 29c

Reports Q4 pro forma adjusted AFFO of 27c per pro forma share. Reports Q4 revenue $16.87M, consensus $15.18M. Co-CEO Stephen Preston commented, “We are pleased to report a very successful first quarter as a public company, demonstrating our ability to drive growth by acquiring over $100M in high-quality assets at above-market cap rates. Our differentiated sourcing strategy and focus on transacting outside of the competitive public peer landscape-where we instead compete with less sophisticated buyers-continue to pay off. Unlike many public peers facing increased competition, we are benefiting from elevated cap rates in our niche market, partially driven by the stickiness of interest rates for players in the space. This dynamic, coupled with our disciplined approach, enabled us to already lock in forecasted Q1 2025 acquisitions at attractive yields. We are initiating 2025 AFFO per share guidance of $1.20-$1.26 and remain focused on delivering superior risk-adjusted returns for our shareholders.”