London, United Kingdom, 4 June 2018 – Ocean Outdoor Limited (LSE: OOUT) (“Ocean”) has acquired Forrest Media, a leading provider of large format outdoor media solutions in Scotland. The deal expands Ocean’s national footprint and enhances its position as a leading large format digital out of home (“DOOH”) operator in […]
Horton Outdoor (Cartersville, GA), a subsidiary of McWhorter Capital Partners, LLC (MCP), announced today that it has acquired assets of G&G Enterprises with locations in southern Alabama In the acquisition Horton acquired 11 strategic locations with 25 faces. Josh McWhorter, CEO of MCP, said, “This acquisition was more strategic than […]
Insider received a mailing this week from Landmark Dividend asking if he had any leases to sell. Landmark employees also phone Insider periodically asking if he has any leases he’d like to turn into cash. You can be sure Landmark is calling and emailing your landlords. If you’d rather not […]
Insider compiled a list of the highest paid public company out of home execs. Any surprises? Insider also compiled a list of Board of Director Salaries at each public out of home company. There seems to be a troubling inverse relationship between a company’s stock performance/financial metrics and outside board […]
Insider gave his thoughts on sustainable leverage for an out of home company yesterday. He received this feedback from an out of home industry banker: I just read your article on sustainable leverage, which was quite accurate from the bankers perspective. However, I doubt many banks have different underwriting guidelines […]
Insider thinks a public out of home REIT (e.g. Lamar and Outfront) has a sustainable leverage (Debt/Cashflow) of 3.5-4.0. A private out of home company which is under no pressure to pay dividends has a sustainable Debt/Cashflow ratio of 6.0. Sustainable leverage consists of how much money you can borrow […]
Clear Channel announced first quarter 2018 earnings yesterday. Here’s a summary of the earnings release, slide presentation and seeking alpha transcript. Consolidated revenue increased 9.9% to $598 million due to international sales growth and the impact of foreign exchange movements. Americas revenue (US and Canada) declined 1.7% to $256 million […]
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 […]
