You’ve probably encountered Landmark as a buyer of out of home leases and easements. Landmark also provides financing to out of home companies, secured by billboard loans and easements. Insider talked to Jeffrey Knyal, Landmark’s Vice Chairman, about Landmark’s billboard financing products and ground lease optimization programs. Jeff, tell us […]
Horton Outdoor (Cartersville, GA), a subsidiary of McWhorter Capital Partners, LLC (MCP), announced today that it has acquired assets of Owen Media LLC with a single location (digital & static face) in Tuscaloosa, AL as well as purchased four static structures while converting an old static to a two-sided digital […]
Bloomberg reports that Adams Outdoor Advertising and Fairway Outdoor Advertising are exploring the possibility of converting from corporations to a REIT. They may merge and possibly go public as well. By converting they would join Lamar, Outfront Media and Landmark Dividend as REITs. A real estate investment trust (“REIT”) is […]
Insider just finished reading the 2017 10-k’s for the public out of home companies. This is not an exercise for short attention spans. The Lamar 10k is 116 pages, Outfront is 123 pages, Clear Channel Outdoor is 117 pages. JCDecaux doesn’t file a 10k but the 2017 business report is […]
“We are seeing a nice acceleration in our topline growth.” That’s how CEO Sean Reilly summarized the company’s first quarter Here are the highlights of the earnings release and earnings call. Revenue increased 4.2% to $361 million for the first quarter of 2018 due to the impact of acquisitions. Organic […]
“All in all it’s a decent start of the year” said Outfront CEO Jeremy Male when Outfront released first quarter 2018 financials. Here are the results of the earnings release , investor presentation and conference call. Total Revenues grew 2.2% to $338 million. “Revenue growth of 2.2% was led by the […]
Here are the highlights from Clear Channel Outdoor’s 4th quarter earnings call, press release and earnings presentation. Consolidated revenue increased 1% to $729 million during the fourth quarter of 2017. Organic revenue, adjusted for asset sales and currency fluctuations declined by 0.3% Americas revenue (North and Latin America) declined […]
Many private equity funds and family offices are interested in out of home to judge from the calls Insider gets. Professional investors like the out of home industry’s barriers to entry (permits are hard to get) and low technology risk (tech hasn’t made out of home passe like other forms […]
iHeartMedia filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The proposed Plan achieves a value-maximizing restructuring that comprehensively addresses the Debtors’ funded debt obligations and positions their businesses for continued growth and long-term success. As a result […]
Landmark Infrastructure Partners stock is down 22% since the first of the year. Alacran Investments explains why in a bearish article published at Seeking Alpha. Alacran has a short position in Landmark (LMRK) so take the analysis with a grain of salt. The thesis is that Landmark, a purchaser of tower, out […]
