In its filing with the U.S. Securities and Exchange Commission, FrontView emphasized that these prime locations give its tenants strong visibility to consumers, enhancing their business performance.
Financials and Use of Proceeds
FrontView reported a $4.6 million loss on $29.9 million in rental revenue for the first six months of 2023, marking a 34% year-over-year revenue increase. The company plans to use the IPO proceeds primarily to pay down revolving credit facilities and term loans, as well as for working capital and potential acquisitions. As of June 30, FrontView had $249.9 million in outstanding debt.
FrontView $251M IPO : IPO Market Outlook
FrontView is the first REIT to pursue an IPO since Lineage Inc., a warehouse giant that raised $4.4 billion in July. This listing is part of a broader resurgence in IPOs as companies rush to go public ahead of Election Day. Analysts expect a more robust increase in IPO activity in 2025, driven by potential interest rate cuts and political clarity following the U.S. presidential election.
