Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 144

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 144
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 and direct costs of $1,561 and $1,616, respectively, payable to NARS. As of December 31, 2024 and 2023, the Company had a payable to NARS relating to these fees of $4,105 and $2,055, respectively, which is included in accounts payable and accrued liabilities on the accompanying consolidated balance sheets. (c)The affiliate of the Predecessor (the "Sponsor") holds 1 Common Unit in the Predecessor. During the period from January 1, 2024 through October 2, 2024 and the year ended December 31, 2023, the Predecessor paid aggregate distributions to the Sponsor (in the same amount per Common Unit as are paid to all other investors) in the amount of $25 and $290, respectively, and to other related parties holding an aggregate of 1 Common Unit in the amount of $26 and $303, respectively. After adjusting for the effects of the Stock Split, the Sponsor and other related parties held 125 and 131 OP Units, respectively. (d)On October 2, 2024, the Company completed the Internalization and issued 931 OP Units as consideration (See Note 9).Successor transactions(a)For the period from October 3, 2024 through December 31, 2024, the Company incurred outsourcing service fees of $141 to North American Asset Management Corp. ("NAAM"), an affiliate of the Predecessor. The services are limited to property accounting and human resources support. As of December 31, 2024, the Company paid all service fees to NAAM.

14. INCOME TAXESFor federal income tax purposes, distributions to stockholders are characterized as ordinary dividends, capital gain distributions, or return of capital distributions. Return of capital distributions will reduce stockholders' basis in their shares, but not below zero. The following table shows the character of the Company's common stock distributions paid on a percentage basis:

        Successor

        Character of Distributions
         
        Year Ended December 31, 2024

        Ordinary dividends

        39
        %

        Capital gain distributions

        —

        Return of capital distributions

        61
        %

        100
        %

15. CONTINGENCIES Litigation From time to time, the Company is a party to various litigation matters incidental to the conduct of the Company’s business. While the resolution of such matters cannot be predicted with certainty,