FrontView REIT Business Summary

FrontView REIT, Inc. (FVR) is an internally managed real estate investment trust that generates revenue through a portfolio of outparcel properties primarily under long-term, net-lease agreements. The company’s business model is centered on a "real estate first" strategy, specifically targeting high-visibility locations with direct frontage on high-traffic roads to ensure tenant durability and asset fungibility. Its primary business segments are diversified across service-oriented industries, including quick-service and casual dining restaurants, medical and dental providers, automotive services, and financial institutions. As of early 2026, FrontView competes directly with other net-lease specialists such as NETSTREIT Corp. (NTST), Alpine Income Property Trust (PINE), and Four Corners Property Trust (FCPT). Within this landscape, FrontView distinguishes itself as a specialized, high-density player focused on the "frontage" niche, offering a more granular, consumer-facing portfolio compared to larger, more diversified triple-net lease peers. The company was founded in 2016 by Stephen Preston, who currently serves as Chairman and Chief Executive Officer and brings extensive experience from his tenure as a principal at North American Development Group (NADG). The leadership team is further bolstered by Chief Financial Officer Pierre Revol, a seasoned executive with over 20 years of experience in REIT capital markets and corporate finance, previously holding senior roles at CyrusOne and Spirit Realty Capital. Operations are overseen by Chief Operating Officer Drew Ireland, while Sean Fukumura serves as the Chief Accounting Officer. FrontView is supported by a notable institutional investor base, including a significant $75 million preferred equity investment led by Maewyn Capital Partners in late 2025, and maintains a board of directors featuring independent members with backgrounds in institutional real estate and corporate governance, such as Ernesto Perez and Elizabeth Frank.