Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 171

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7
Chunk 171
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591

    407

    Income taxes

    231

    349

    316

    Total other expenses

    7,574

    20,499

    18,375

    Operating loss

    (4,822
    )

    (9,889
    )

    (14,474
    )

    Internalization expense

    —

    (16,498
    )

    —

    Gain from acquisition of equity method investment

    —

    —

    12,988

    Equity loss from investment in an   unconsolidated entity

    —

    —

    (38
    )

    Net loss
     
    $
    (4,822
    )
     
    $
    (26,387
    )
     
    $
    (1,524
    )

Rental Revenues 

    Successor

    Predecessor

    Predecessor

    (in thousands)
     
    Period from October 3, 2024 through December 31, 2024

    Period from January 1, 2024 through October 2, 2024

    Year Ended December 31, 2023

    Revenues:

    Contractual rental amounts billed
     
    $
    14,629

    $
    43,312

    $
    47,901

    Adjustment to recognize contractual rental amounts on a straight-line basis

    322

    971

    1,350

    Variable rental amounts earned

    378

    1,555

    185

    Above/below market lease amortization, net

    (164
    )

    (1,341
    )

    (1,469
    )

    Other income

    12

    243

    299

    Total rental revenues
     
    $
    15,177

    $
    44,740

    $
    48,266

Contractual rental amounts billed for the period from January 1, 2024 to October 2, 2024 of $43.3 million and for the period from October 3, 2024 to December 31, 2024 of $14.6 million, increased by $10.0 million from $47.9 million for the year ended December 31, 2023. This $10.0 million increase was attributable to (i) the increase in contractual