Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 145

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 145
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 based on currently available information, the Company does not believe that the final outcome of any of these matters will have a material effect on its consolidated balance sheets, consolidated statements of income (loss) or liquidity. Environmental matters As an owner of real estate property, the Company is subject to various U.S. federal, state and municipal laws related to environmental matters. These laws could hold the Company liable for the costs of removal and remediation of certain hazardous substances or wastes released or deposited on or in its properties or disposed of at other locations. The failure to remove or remediate such substances, if any, could adversely affect the Company’s ability to sell its real estate or to borrow using real estate as collateral and could potentially result in claims or other proceedings against the Company. The Company engages third party consultants to review the environmental condition of such property as part of its due diligence review prior to acquisition and is not aware of any material non-compliance with environmental laws at any of its properties. 

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Property and acquisition related In the normal course of business, the Company enters into various types of commitments to purchase real estate properties or fund development projects. These commitments are generally subject to the Company’s customary due diligence process and, accordingly, a number of specific conditions must be met before the Company is obligated to purchase the properties. As of December 31, 2024, the Company did not have any material commitments that could not be funded for re-leasing costs, recurring capital expenditures, non-recurring building improvements, or similar types of costs. 

16. SUBSEQUENT EVENTS The Company identified the following events subsequent to December 31, 2024 that are not recognized in the accompanying consolidated financial statements: (a)On January 15, 2025, the Company paid distributions in the aggregate amount of $6,101.(b)On March 18, 2025, the Board of Directors declared a quarterly distribution of $0.215 per share on the Company's Common Stock and OP Units for the quarter ended March 31, 2025, which will be payable on or before April 15, 2025 to stockholders and unitholders of record as of March 31, 2025.  (c)Subsequent to December 31, 2024, the Company continued to expand its operations through the acquisition of approximately $44,725 of additional rental property and associated intangible assets and liabilities.(d)Subsequent to December 31, 2024, the Company sold one property with a carrying value