Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 191

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 8
Chunk 191
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 the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the Company’s auditor since 2023.

Dallas, TexasMarch 20, 2025

63

FRONTVIEW REIT INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

    Successor

    Predecessor

    December 31,2024

    December 31,2023

    ASSETS

    Real estate held for investment, at cost

    Land
     
    $
    332,944

    $
    314,748

    Buildings and improvements

    386,462

    332,432

    Total real estate held for investment, at cost

    719,406

    647,180

    Less accumulated depreciation

    (40,398
    )

    (28,734
    )

    Real estate held for investment, net

    679,008

    618,446

    Assets held for sale

    5,898

    2,859

    Cash, cash equivalents and restricted cash

    5,094

    17,129

    Intangible lease assets, net

    114,868

    119,432

    Other assets

    16,941

    14,141

    Total assets
     
    $
    821,809

    $
    772,007

    LIABILITIES, CONVERTIBLE NON-CONTROLLING PREFERRED   INTERESTS AND EQUITY

    Liabilities

    Debt, net
     
    $
    266,538

    $
    436,452

    Intangible lease liabilities, net

    14,735

    17,416

    Accounts payable and accrued liabilities