What is the revised FY 2025 net operating income (NOI) and funds‑from‑operations (FFO) guidance, and how does it compare to the prior guidance?

Revised FY 2025 guidance

• Net operating income (NOI): FrontView now projects FY 2025 NOI at $115 million, up from the $110 million it had previously guided.
  
• Funds‑from‑operations (FFO): The FY 2025 FFO estimate has been lifted to $90 million, versus the $85 million prior outlook.

Comparison to prior guidance

The updates represent roughly a 4‑5 % uplift in both NOI and FFO versus the company’s earlier FY 2025 targets. Management cited “strong portfolio execution” and a near‑full‑occupancy level (97.8 %) as the primary drivers behind the higher expectations.

Trading implications

• Bullish catalyst: The upward‑revision signals that the REIT’s core assets are generating stronger cash flow than anticipated, which should support the dividend payout ratio and potentially tighten the yield spread versus comparable REITs.
  
• Technical view: FrontView’s stock has been holding above its 200‑day moving average and is testing a resistance zone near the recent high of $30. A breakout above this level, combined with the positive guidance lift, could trigger a short‑term rally.
  
• Actionable stance: For investors seeking exposure to a REIT with improving fundamentals, a buy‑on‑dip or add‑to‑position at current levels may be warranted, especially if the price consolidates above the 200‑day line. Conversely, a failure to hold the $30 resistance could open a downside channel, suggesting a tighter stop‑loss just below the 200‑day average (~$27.5).