Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 104

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 104
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    ≤ 60%

    Adjusted EBITDA to Fixed Charges Ratio
     
    ≥ 1.50 to 1.00

    Secured Leverage Ratio
     
    ≤ 40%

    Unencumbered NOI to Unsecured Interest Expense Ratio
     
    ≥ 1.75 to 1.00

    Unsecured Leverage Ratio
     
    ≤ 60%

    Tangible Net Worth
     
    ≥ sum of 75% of the Tangible Net Worth on completion of this offering plus 70% of equity issuance proceeds

Contractual Obligations 

The following table provides information with respect to our contractual commitments and obligations as of December 31, 2024. Refer to the discussion in the Liquidity and Capital Resources section above for further discussion over our short and long-term obligations. 

(in thousands)

    Year of Maturity
     
    Revolving Credit Facility (1)

    Term Loan (1)

    Interest Expense (2)

    Dividend (3)

    Commitments to Fund Investments (4)

    Total

    2025
     
    $
    —

    $
    —

    $
    15,163

    $
    6,101

    $
    19,493

    $
    40,757

    2026

    —

    —

    15,163

    —

    —

    15,163

    2027

    68,500

    200,000

    12,636

    —

    —

    281,136

    2028

    —

    —

    —

    —

    —

    —

    2029

    —

    —

    —

    —

    —

    —

    Thereafter

    —

    —

    —

    —

    —

    —

    Total
     
    $
    68,500

    $
    200,000

    $
    42,962

    $
    6,101

    $
    19,493

    $
    337,056

(1)Our Revolving Credit Facility and Term Loan contain two 12-month extension options subject to certain conditions, including the payment of an extension fee equal to 0.125% of the commitments.

(2)Interest expense is projected based on the outstanding borrowings and interest rates in effect as of December 31, 2024. 

(3)Amounts include dividends declared