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Stephen Preston, Chairman, Co-CEO, and Co-President of FrontView REIT, Inc. (NASDAQ:FVR), a $389 million market cap REIT currently offering a 6.4% dividend yield, made a significant purchase of the company’s common stock, according to a recent SEC filing. On March 21, Preston acquired 16,568 shares at prices ranging from $13.38 to $13.69 per share, for a total transaction value of approximately $223,833. Following this acquisition, Preston now holds 23,020 shares directly. This insider purchase comes as the stock has declined 28% over the past six months and shows oversold conditions according to InvestingPro technical indicators. This move underscores Preston’s continued investment in the real estate investment trust sector, where FrontView REIT operates. According to InvestingPro, which offers 10+ additional insights and a comprehensive Pro Research Report for FVR, the stock currently appears undervalued based on its Fair Value analysis.
In other recent news, FrontView REIT Inc. reported its fourth-quarter 2024 earnings, revealing an adjusted funds from operations (AFFO) per share of $0.33, which met the company’s guidance. The company’s revenue for the quarter was $15.51 million, although it reported a net loss with earnings per share (EPS) at -$0.78. FrontView REIT has set its 2025 AFFO per share guidance between $1.20 and $1.26, with plans to acquire $175 million to $200 million in real estate over the year. The company maintained a strong occupancy rate of 98% despite facing challenges with some tenants, and it is actively negotiating to resolve issues with vacant properties. The firm also emphasized its strategy of acquiring properties at above-market cap rates, which it believes will support future growth. FrontView REIT’s net debt to EBITDA ratio stands at 5.2x, and it has secured a $250 million revolving credit facility to support its acquisition plans. Analysts from firms like Morgan Stanley (NYSE:MS) have shown interest in the company’s acquisition pipeline and tenant health, with FrontView expressing confidence in its ability to manage these aspects effectively.
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