Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 225

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 8
Chunk 225
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    $
    (983
    )
     
    $
    5,280

    $
    (1,756
    )
     
    $
    (16,539
    )

    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

    $
    (0.96
    )

    Diluted

    $
    (0.96
    )

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

94

FRONTVIEW REIT, INC. 

NOTES TO UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS 

As of December 31, 2024 and for the Three Months and Year Ended December 31, 2024

Adjustments to the Unaudited Pro Forma Consolidated Balance Sheet 

There are no adjustments to the unaudited pro forma consolidated balance sheet as at December 31, 2024.

Adjustments to the Unaudited Pro Forma Consolidated Statement of Income (Loss)

The adjustments to the unaudited pro forma consolidated statement of income (loss) for the three months and year ended December 31, 2024 are as follows: 

A.Reflects the audited historical consolidated statement of income (loss) of the Successor for the three months and year ended December 31, 2024. The Company completed its IPO on October 3, 2024. The period from October 1 to October 2, 2024 is deemed immaterial. As such, three months ended December 31, 2024 was used as the historical starting point for the purposes of the three months ended December 31, 2024 unaudited pro forma consolidated statement of income (loss).

B.Represents the net adjustments required to the historical results of the Company to reflect the following:

For the 29 properties acquired by the Company during the year ended December 31, 2024, the adjustment to the Company’s consolidated statement of income (loss) reflects the operations of these properties assuming the acquisitions occurred on January 1, 2024. 

This includes the following: 

    (in thousands)
    For The Three Months Ended December 31, 2024
     
    For The Year Ended December 31, 2024

    Rental revenue
    $
    1