Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 118

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 118
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 of equity method investment

    —

    —

    12,988

    Equity loss from investment in an   unconsolidated entity

    —

    —

    (38
    )

    Net loss

    (4,822
    )

    (26,387
    )

    (1,524
    )

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

    —

    7,171

    424

    Less: Net loss attributable to non-controlling interests

    1,825

    —

    —

    Net loss attributable to NADG NNN Property Fund LP (Predecessor) and to FrontView REIT, Inc. (Successor)
     
    $
    (2,997
    )
     
    $
    (19,216
    )
     
    $
    (1,100
    )

    Weighted average number of common shares outstanding

    Basic

    16,259

    —

    —

    Diluted

    27,578

    —

    —

    Net loss per share attributable to Common Stock holders

    Basic
     
    $
    (0.19
    )

    —

    —

    Diluted
     
    $
    (0.19
    )

    —

    —

(1)The Company determined that earnings per unit in the Predecessor period would not be meaningful to users of this filing, given the different unitholders in the Predecessor.

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

65

FRONTVIEW REIT INC.

CONSOLIDATED STATEMENTS OF EQUITY

(in thousands, except per share amounts)

    Common Stock

    Additional Paid-in Capital

    Accumulated Deficit

    Non-controlling Interests

    Partners' Capital

    Total Equity

    Balances, December 31, 2022 (Predecessor)
     
    $
    —

    $
    —

    $
    —

    $
    —

    $
    217,301

    $
    217,301

    Contributions

    —

    —

    —

    —

    10,879

    10,879

    Issue costs

    —

    —

    —

    —

    (326
    )

    (326
    )

    Accretion of non-controlling interests

    —

    —

    —

    —

    (7,030
    )

    (7,030