Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 15

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1
Chunk 15
---
%

    149

    6.2%

    2032

    5,344

    9.1%

    415

    17.3%

    2033

    2,786

    4.7%

    85

    3.5%

    2034

    3,623

    6.2%

    133

    5.5%

    2035

    894

    1.5%

    49

    2.0%

    2036

    1,645

    2.8%

    46

    1.9%

    2037

    2,160

    3.7%

    88

    3.7%

    2038

    2,939

    5.0%

    167

    7.0%

    2039

    1,954

    3.3%

    39

    1.6%

    Thereafter

    4,386

    7.5%

    104

    4.4%

    Untenanted Properties

    0

    0.0%

    27

    1.1%

    Total
     
    $
    58,843

    100.0%

    2,401

    100.0%

We typically purchase properties that are subject to existing long-term net leases with a variety of remaining lease years (initial terms of 10 years or more at lease signing that often have renewal options as well). Substantially all of our leases are net leases, meaning our tenant generally is obligated to pay customary expenses associated with the leased property (such as real estate taxes, insurance, maintenance, and in many cases, repairs and capital costs, subject to caps and exclusions in leases). For the year ended December 31, 2024, we incurred an aggregate of approximately $1.7 million of expenses not reimbursed or paid by our tenants.

Approximately 97.3% of our leases (based on ABR) have rent escalations, including in some cases, pursuant to options terms, and generally ranging from 1.0% to 3.0% annually.

8

The following chart breaks down the type of rent increase provided in our leases (based on ABR) as of December