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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Financial Designation, Predecessor and Successor [Fixed List] Successor   Successor  
Revenues        
Rental revenues $ 16,602 $ 14,533 [1] $ 50,206 $ 44,160 [1]
Interest income on mortgage loans receivable 156   164  
Other income 45 1 [1] 230 243 [1]
Total revenues 16,803 14,534 [1] 50,600 44,403 [1]
Operating expenses        
Depreciation and amortization 7,351 7,119 [1] 24,622 21,415 [1]
Property operating expenses 2,209 2,003 [1] 7,299 5,694 [1]
Property management fees [1]   494   1,501
Asset management fees [1]   1,034   3,102
General and administrative expenses 3,112 697 [1] 9,230 2,059 [1]
Total operating expenses 12,672 11,347 [1] 41,151 33,771 [1]
Other expenses (income)        
Interest expense 4,564 6,463 [1] 13,708 19,755 [1]
Gain on sale of real estate (7,583)   (9,244) (337) [1]
Impairment loss 1,551   4,957 591 [1]
Income taxes 52 63 [1] 348 344 [1]
Total other expenses (1,416) 6,526 [1] 9,769 20,353 [1]
Net income (loss) 5,547 (3,339) [1] (320) (9,721) [1]
Less: Net loss attributable to convertible non-controlling preferred interests [1]   908   2,652
Less: Net (income) loss attributable to non-controlling interests (1,532)   601  
Net income (loss) attributable to NADG NNN Property Fund LP (Predecessor) and to FrontView REIT, Inc. (Successor) $ 4,015 (2,431) [1] $ 281 (7,069) [1]
Weighted average number of common shares outstanding        
Basic 20,723,471   19,071,703  
Diluted 27,834,670   27,828,225  
Net income (loss) per share attributable to common stockholders        
Basic $ 0.19   $ (0.01)  
Diluted $ 0.19   $ (0.01)  
Comprehensive income (loss)        
Net income (loss) $ 5,547 (3,339) [1] $ (320) (9,721) [1]
Other comprehensive income (loss)        
Change in fair value of interest rate swaps 37   (1,474)  
Comprehensive income (loss) 5,584 (3,339) [1] (1,794) (9,721) [1]
Less: Comprehensive loss attributable to convertible non - controlling preferred interests [1]   908   2,652
Less: Comprehensive (income) loss attributable to non-controlling interests (1,542)   1,163  
Comprehensive income (loss) attributable to NADG NNN Property Fund LP (Predecessor) and to FrontView REIT, Inc. (Successor) $ 4,042 $ (2,431) [1] $ (631) $ (7,069) [1]
[1] The Company determined that earnings per unit in the Predecessor period would not be meaningful to users of this filing, given the different unitholders in the Predecessor.