Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 224

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 8
Chunk 224
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    (924
    )

    (175
    )

    (22,009
    )

    Less: Net loss attributable to convertible non-   controlling preferred interests
     
    4,519

    —

    —

    (4,519
    )

    —

    Less: Net loss attributable to non-controlling interests
     
    1,825

    —

    —

    6,506

    8,331

    Net loss attributable to NADG NNN Property Fund LP (Predecessor) and to FrontView REIT, Inc. (Successor)
    $
    (15,144
    )
     
    $
    578

    $
    (924
    )
     
    $
    1,812

    $
    (13,678
    )

    Pro forma weighted average number of shares of Common Stock outstanding

    Basic

    17,291

    Diluted

    27,823

    Pro forma net loss per share of Common Stock

    Basic

    $
    (0.79
    )

    Diluted

    $
    (0.79
    )

The accompanying notes are an integral part of these unaudited pro forma consolidated financial statements.

93

FRONTVIEW REIT, INC.

UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF INCOME (LOSS) 

FOR THE YEAR ENDED December 31, 2024 

(in thousands, except per share amounts) 

    Pro Forma Adjustments

    Historical Company(A)

    Completed 2024 Acquisitions(B)

    Completed 2024 Dispositions(C)

    Adjustment for Interest Expense(D)

    Adjustment for General and Administrative Expenses(E)

    CompanyProForma

    Revenues

    Rental revenues
    $
    59,917

    $
    7,481

    $
    (713
    )
     
    $
    —

    $
    —

    $
    66,685

    Operating expenses

    Depreciation and amortization
     
    29,049

    4,348

    (40
    )

    —

    —

    33,357

    Property operating expenses
     
    7,912

    —

    (27
    )

    —

    —

    7,885

    Property management fees
     
    1,561

    —

    —

    —

    (1,561