FrontView REIT (FVR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

FrontView REIT

NYSE•Real Estate•REIT - Diversified

$18.71+0.06(<0.01%)After hours

Market Cap

$427.17M

P/E

293.2x

P/S

6.1x

P/B

1.0x

FrontView REIT, Inc. is an internally managed net-lease real estate investment trust. It is focused on acquiring, owning, and managing properties with frontage that are leased to a diversified tenant base. Our real estate first investment strategy is centered around highly visible properties in prominent retail corridors with strong underlying real estate fundamentals. We target properties along high-traffic roads that offer strong consumer visibility and adaptable building formats capable of supporting various businesses over time. As of June 30, 2026, FrontView owned a diversified portfolio of 316 direct frontage properties across 35 U.S. states, leased primarily to service and necessity-based tenants across 16 industries, including medical and dental providers, quick-service and casual dining restaurants, financial institutions, cellular retailers, automotive related, fitness, and general retail along with several other diversified industries. FrontView REIT, Inc. is based in Dallas, United States and incorporated in Maryland.

How this company scores

AverageMetricSide Score: 54.5/100

Strongest: Growth (23.5/25); weakest: Cash & Earnings Quality (7/25).

Profitability8/25

Growth23.5/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality7/25

Strengths

Growing revenueRising earningsProfit converts from growthImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 293.2x5y range 293.2x – 293.2x

P/S · 6.1x5y range 4.5x – 6.1x

Currently near its 5-quarter median.

P/B · 1.0x5y range 0.6x – 1.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $427.17M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $69.51M
Q. Revenue: $18.00M
TTM EBITDA: $29.08M
TTM Op. Income: $-2.65M
Q. Op. Income: $3.70M
TTM Net Income: $1.46M
Q. Net Income: $1.23M
EPS: $0.03
Shares Out.: $22.83M

$69.51M in TTM revenue grew 41.9% YoY, reaching $18.00M last quarter. TTM EBITDA of $29.08M and TTM operating income of $-2.65M show growth is flowing through to the bottom line. TTM net income of $1.46M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 66.2%
Op. Margin: 20.5%
Net Margin: 6.8%

Op. margin of 20.5% is up 8.6% YoY — cost efficiency is improving. Net margin at 6.8% Over the past year, operating margin is up 72% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 293.2x
P/S Ratio: 6.1x
P/B Ratio: 1.0x

At 293.2x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 6.1x and P/B of 1.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $900.36M
Cash: $6.00M
Long-Term Debt: $329.10M
Book Value: $437.32M
D/E Ratio: 0.8
Debt/EBITDA: 27.6

With $900.36M in assets and $329.10M in long-term debt, D/E is 0.8and book value is $437.32M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 12% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $11.43M
TTM Free Cash Flow: $-107.36M
FCF Margin: -154.5%
FCF / Net Income: -73.7

TTM FCF of $-107.36M on $11.43M in operating cash flow. The FCF / Net Income ratio of -73.7x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 29% — a weakening trend.