Intriguing IPOS: FrontView REIT (FRV)
Retail real estate is an underappreciated market today. A net lease REIT that doesn't need to do multi-billon dollar deals to move the needle could be attractive.
IPO investing doesn’t need to be about finding “the next big” thing. Finding a company running a well-known playbook can be just as lucrative for investors. Despite the lackluster performance over the past several years, real estate and REITs frequently appear on the list of companies I compiled to create this newsletter.
What I have found with REITs is those that produce market-beating performance tend to do incredibly well at the beginning of their lives and then taper off to a rate of return equal to the broader market. This isn’t the case for all REITs, but it has happened frequently enough that it’s worth investors’ time to comb over recently IPOd REITs to see what they have to offer.
As I mentioned when profiling StandardAero, FrontView REIT (NYSE: FVR) went public last week. There was enough on the bone for it to be a standalone analysis.
Let’s dig in…
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