Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 146

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 146
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      4-54 years

      333,088

      384,597

      —

      2,312

      (591
      )

      332,944

      386,462

      719,406

      40,398

     (1)The initial cost to the Company represents the original purchase price of the property (see Note 3). (2)The aggregate cost of real estate owned as of December 31, 2024 for U.S. federal income tax purposes was approximately $761,564 (unaudited). (3)This schedule excludes properties that are classified as assets held for sale as of  December 31, 2024.(4)This real estate asset comprises of two properties.See accompanying report of independent registered public accounting firm. 

90

SCHEDULE III – REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2024– (continued) (in thousands)  Change in total real estate and accumulated depreciation:  

      For the year ended December 31,

      2024

      2023

      Real estate

      Balance at beginning of the year

      $
      647,180

      $
      462,923

      Additions during the year:

      Acquisitions

      88,158

      188,329

      Building improvements

      682

      1,180

      Deductions during the year:

      Cost of real estate sold

      (6,894
      )

      (2,223
      )

      Classified as assets held for sale

      (5,712
      )

      (2,851
      )

      Impairment loss

      (4,008
      )

      (178
      )

      Balance at end of the year

      $
      719,406

      $
      647,180

      Accumulated depreciation

      Balance at beginning of the year

      $
      28,734

      $
      19,790

      Additions during the year:

      Depreciation expense

      11,999

      9,072

      Deductions during the year:

      Cost of real estate sold

      (238
      )

      (105
      )

      Classified as assets held for sale

      (97
      )

      (23
      )

      Balance at end of the year