FrontView REIT Reveals Full Portfolio in Bold Transparency Push

DALLAS, TX – January 12, 2026 – In a move that could send ripples across the net-lease real estate sector, FrontView REIT (NYSE: FVR) today coupled a strong report of its 2025 investment activity with an unprecedented new transparency initiative, granting the public full access to its entire property portfolio.

The Dallas-based REIT announced it has made the individual addresses and integrated map links for 100% of its properties available on its corporate website. This decision, which stands in stark contrast to the aggregated reporting typical of its peers, arrives alongside news of a dynamic year of transactions and a clear strategy for continued growth in early 2026.

A New Bar for Sector Transparency

FrontView is positioning its new disclosure policy as "sector-leading," a claim that appears to hold significant weight. While most large publicly traded REITs, including industry giants like Realty Income and National Retail Properties, provide investors with extensive but consolidated data on geographic and tenant diversification, they typically stop short of publishing a complete, address-by-address list of their holdings.

FrontView's new online portal, found in the "Portfolio Leases" section of its investor relations site, allows any interested party to view, sort, and even virtually visit each asset via Google Maps. This level of granular detail includes the specific tenant, property square footage, and individual lease expiration date for every location.

In its announcement, the company stated this move underscores its "commitment to best-in-class disclosure" and its "real-estate-first investment philosophy." By opening its books to this degree, FrontView is inviting a level of scrutiny that few competitors currently allow. The strategy appears aimed at boosting investor confidence by showcasing the tangible quality of its assets, which it describes as properties in "prominent locations with direct frontage on high-traffic roads."

For investors, this offers a powerful tool for due diligence. Instead of relying solely on company-provided summaries, analysts and individual shareholders can now conduct their own bottom-up analysis, assessing the strength of specific locations, the health of local trade areas, and the concentration of tenant or geographic risk on their own terms.

An Aggressive Year of Portfolio Reshaping

Beyond the transparency push, FrontView's operational results reveal a company actively managing its portfolio. For the full year of 2025, the REIT acquired 32 properties for a total purchase price of $124.1 million. These acquisitions came with attractive terms, boasting a weighted average cash yield of 7.74% and a long weighted average lease term of 12.4 years, locking in stable, long-duration income streams with 1.4% average annual rent escalators.

The fourth quarter was particularly active, with the company deploying $41.3 million to acquire seven properties at a 7.46% cash yield and an even longer average lease term of 13.1 years.

Simultaneously, FrontView has been strategically pruning its holdings. The company sold 36 properties throughout 2025 for an aggregate $78.0 million. The 26 occupied properties included in those sales had a lower cash yield of 6.79% and a shorter average lease term of 7.9 years compared to the new acquisitions. This spread suggests a classic portfolio recycling strategy: divesting lower-yielding or shorter-term assets to reinvest the capital into more accretive opportunities that better align with its long-term strategy.

This momentum is set to continue into the new year. FrontView provided a preliminary outlook for the first quarter of 2026, revealing a pipeline of nine acquisitions totaling $31.5 million already under purchase and sale agreements or negotiations. Factoring in three planned dispositions for $4.9 million, the company anticipates net investment activity of approximately $25 million for the quarter, targeting cap rates between 7.25% and 7.50%.

Fueling the Growth Engine

To fund this continued expansion, FrontView announced it will draw $25 million from a Convertible Perpetual Preferred security on February 10, 2026. This type of hybrid financing instrument, which carries features of both debt and equity, is a common tool for REITs seeking capital for growth without over-leveraging their balance sheets with traditional debt.

While the use of such a security provides immediate funds for its robust acquisition pipeline, it comes with the potential for future dilution for common shareholders if and when the preferred shares are converted into common stock. The specific terms of the conversion will determine the ultimate impact. However, the move signals management's confidence in its ability to deploy the new capital into investments that will generate returns outweighing the cost of the financing.

By combining an aggressive but disciplined investment strategy with a pioneering commitment to transparency, FrontView REIT is making a clear and assertive statement to the market. The company is not only demonstrating confidence in its deal-making ability but is also providing investors with the direct evidence to judge the quality of its real estate firsthand, property by property.