Quarterly ResultMay 6, 2026, 04:13 PM
FrontView REIT Q1 AFFO $0.34/share; Raises FY26 Guidance
AI Summary
FrontView REIT announced strong first quarter 2026 financial results, reporting an increase in AFFO per share to $0.34 and FFO per share to $0.27. The company also achieved net income of $0.4 million, a significant improvement from the prior year's loss. Reflecting this performance, FrontView REIT raised its full-year 2026 AFFO per share guidance and reported reduced leverage.
Key Highlights
- Q1 2026 AFFO per share was $0.34, up from $0.30 in Q1 2025.
- Q1 2026 FFO per share was $0.27, up from $0.23 in Q1 2025.
- Net income for Q1 2026 was $0.4 million, compared to a $(1.3) million loss in Q1 2025.
- Full-year 2026 AFFO per share guidance was raised to $1.29-$1.33 from $1.27-$1.32.
- Acquired 10 properties for $33.9 million at a 7.49% cap rate.
- Sold 5 properties for $9.7 million, with occupied properties at a 6.89% cap rate.
- Net Debt to Annualized Adjusted EBITDAre decreased to 5.3x.
- Declared a quarterly dividend of $0.215 per common share.
- The AFFO payout ratio improved to 63.2% from 71.7% year-over-year.