Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 170

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7
Chunk 170
---
 though typically such warranties only cover certain limited items and do not provide comprehensive coverage. Inflation and increased costs may also have an adverse impact on our tenants’ businesses and their creditworthiness.

Tenant Bankruptcies

Adverse economic conditions, in addition to general economic downturns, particularly those that affect the markets in which our properties are located, or downturns in our tenants’ industries could impair our tenants’ ability to meet their lease obligations to us and our ability to renew expiring leases or re-lease space. In particular, the bankruptcy or deterioration of operational performance of one or more of our tenants could adversely affect our ability to collect rents from such tenant and maintain our portfolio’s occupancy.

50

Results of Operations

The following discussion includes the results of our operations for the periods presented. 

Period from January 1, 2024 to October 2, 2024 and from October 3, 2024 to December 31, 2024 Compared to Year Ended December 31, 2023

    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

    Rental revenues
     
    $
    15,177

    $
    44,740

    $
    48,266

    Operating expenses

    Depreciation and amortization

    7,468

    21,581

    24,730

    Property operating expenses

    2,170

    5,742

    5,825

    Property management fees

    —

    1,561

    1,616

    Asset management fees

    —

    3,124

    4,139

    General and administrative expenses

    2,787

    2,122

    8,055

    Total operating expenses

    12,425

    34,130

    44,365

    Other expenses (income)

    Interest expense

    3,452

    19,896

    18,377

    Gain on sale of real estate

    —

    (337
    )

    (725
    )

    Impairment loss

    3,891