Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 116

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 116
---
 auditor since 2023.

Dallas, TexasMarch 20, 2025

63

FRONTVIEW REIT INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

    Successor

    Predecessor

    December 31,2024

    December 31,2023

    ASSETS

    Real estate held for investment, at cost

    Land
     
    $
    332,944

    $
    314,748

    Buildings and improvements

    386,462

    332,432

    Total real estate held for investment, at cost

    719,406

    647,180

    Less accumulated depreciation

    (40,398
    )

    (28,734
    )

    Real estate held for investment, net

    679,008

    618,446

    Assets held for sale

    5,898

    2,859

    Cash, cash equivalents and restricted cash

    5,094

    17,129

    Intangible lease assets, net

    114,868

    119,432

    Other assets

    16,941

    14,141

    Total assets
     
    $
    821,809

    $
    772,007

    LIABILITIES, CONVERTIBLE NON-CONTROLLING PREFERRED   INTERESTS AND EQUITY

    Liabilities

    Debt, net
     
    $
    266,538

    $
    436,452

    Intangible lease liabilities, net

    14,735

    17,416

    Accounts payable and accrued liabilities

    17,858

    17,452

    Total liabilities

    299,131

    471,320

    Convertible non-controlling preferred interests

    —

    103,616

    Equity

    Partners' capital

    —

    197,071

    FrontView REIT, Inc. equity

    Common Stock, $0.01 par value 450,000 shares authorized, 17,291 shares   issued and outstanding as of December 31, 2024

    173

    —

    Additional paid-in capital

    331,482

    —

    Accumulated deficit

    (6,834
    )

    —

    Total FrontView REIT,