Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 193

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 8
Chunk 193
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 Interest expense

    3,452

    19,896

    18,377

    Gain on sale of real estate

    —

    (337
    )

    (725
    )

    Impairment loss

    3,891

    591

    407

    Income taxes

    231

    349

    316

    Total other expenses

    7,574

    20,499

    18,375

    Operating loss

    (4,822
    )

    (9,889
    )

    (14,474
    )

    Internalization expense

    —

    (16,498
    )

    —

    Gain from acquisition 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