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FrontView REIT Q3 revenue rises but slightly misses estimates

By Reuters News


Overview

  • US net-lease REIT's Q3 revenue rose yr/yr but slightly missed analyst expectations

  • Adjusted FFO per share for Q3 rose to $0.33 from $0.32 last yr

  • Company acquired 16 properties for $50.6 mln at 7.56% cap rate in Q3


Outlook

  • FrontView maintains 2026 AFFO per share guidance at $1.32 to $1.34

  • Company expects 2026 net investment activity of about $120.0 mln

  • FrontView expects acquisition yields to increase in the fourth qtr


Result Drivers

  • PROPERTY ACQUISITIONS - Co said Q3 results were supported by acquisition of 16 properties at a 7.56% cap rate

  • PROPERTY SALES - Co completed sale of 5 properties, generating proceeds and potentially recycling capital

  • HIGH OCCUPANCY - Co maintained 99.4% occupancy, supporting rental income


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

$18.63 mln

$18.75 mln (7 Analysts)

Q3 EPS

$0.08

Q3 Adjusted FFO

$9.72 mln

Q3 FFO

$7.38 mln

Q3 Adjusted FFO Per Share

$0.33

Q3 FFO Per Share

$0.25

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the diversified reits peer group is "buy"

  • Wall Street's median 12-month price target for FrontView REIT, Inc. is $21.50, about 14.5% above its November 3 closing price of $18.78

  • The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 49 three months ago


Reuters Recommended Reads

  • Nov 2 - Realty Income's Q3 revenue beats; raises 2026 AFFO per share outlook

  • Nov 4 - NNN REIT Q3 revenue beats estimates, raises 2026 disposition guidance

  • Nov 2 - Innovative Industrial Properties' Q3 revenue edges up, aided by security deposits


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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