Company: FVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000950170-25-108893
Chunk: 1

Company: FrontView REIT, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 1
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-for-1 split with no fractional units being issued that was approved by the Predecessor's general partner and executive committee, on its then outstanding 30,078 common units. After adjusting for the split, the Predecessor had 7,519,500 common units outstanding.On October 2, 2024, the Company, through a series of REIT contribution transactions and completion of the internalization of the external management functions (“Internalization”), created an umbrella partnership real estate investment trust (“UPREIT”) structure with a publicly-traded REIT that is internally managed and owns all of its assets and conducts all of its business through the OP. Pursuant to the contribution agreements, (1) common unit holders of the Predecessor (or the owners of such holders) exchanged their common units (or interest in such holders) for OP Units or common stock, $0.01 per value per share (“Common Stock”) of the Company on a one-for-one basis and (2) Sub OP Preferred Unit holders (or the owners of such holders) exchanged their interests in the Sub OP (or interest in such holders) for OP Units. The following table summarizes the outstanding equity and economic ownership interest of the Company:  

         June 30, 2025

         December 31, 2024

         Shares of Common Stock

         OP Units

         Total Diluted Shares

         Shares of Common Stock

         OP Units

         Total Diluted Shares

         Ownership Interest

         20,430,096

         7,404,574

         27,834,670

         17,290,663

         10,532,163

         27,822,826

         Percent Ownership of OP

         73.4
         %

         26.6
         %

         100.0
         %

         62.1
         %

         37.9
         %

         100.0
         %

2. ACCOUNTING POLICIES FOR FINANCIAL STATEMENTS Basis of Presentation and Principles of ConsolidationThese unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). The condensed consolidated financial statements include the financial position, results of operations and cash