Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 222

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 8
Chunk 222
---
airment 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

      $
      40,398

      $
      28,734

See accompanying report of independent registered public accounting firm. 

91

FRONTVIEW REIT, INC. 

UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS 

As of December 31, 2024 and for the Three Months and Year Ended December 31, 2024

The following unaudited pro forma consolidated financial statements of FrontView REIT, Inc. (together with its consolidated subsidiaries, the “Company”) as of and for the three months and year ended December 31, 2024, prepared in accordance with Article 11 of Regulation S-X, were derived from the audited historical consolidated financial statements of the Company. The unaudited pro forma consolidated statement of income (loss) for the three months and year ended December 31, 2024 gives effect to the Company’s IPO and certain other completed and proposed transactions, as if these events had occurred on January 1, 2024. Refer to the Company's Prospectus filed with the SEC on October 2, 2024, for the 2023 unaudited pro forma consolidated financial statements.

The pro forma adjustments give effect to events that are (1) directly attributable to the transactions referred to below, (2) factually supportable, and (3) with respect to the unaudited pro forma consolidated statement of income (loss), expected to have a continuing impact on the Company. The adjustments necessary to fairly present the unaudited pro forma consolidated financial statements have been based on available information and assumptions that the Company believes are reasonable. The adjustments are described in the notes to the unaudited pro forma consolidated financial statements and present how our consolidated financial statements may have appeared had our