The federal reserve may raise interest rates according the the New York Times. Interest rates have been low for the 8 years since the Great Recession. Rates can rise pretty fast in the later stages of a recovery. The following chart shows that the Prime rate rose from 4% in 2003 […]
Finance
Seeking Alpha Analyst Likes Lamar
Seeking Alpha analyst Josh Kaplan likes Lamar stock: “For the income investor looking for an attractive yield coupled with price appreciation, Lamar is worth a serious look.” Insider noticed three things: Lamar has the firepower for a big Clear Channel Outdoor acquisition. Lamar could add $890 million in senior […]
Outfront to Deploy Digital Billboards in Minneapolis/St. Paul Skyways
NEW YORK, May 18, 2016 — OUTFRONT Media Inc. (NYSE: OUT), one of the largest out-of-home media companies in the U.S., announced today the next deployment of its ON Smart Media platform in the Minneapolis and St. Paul skyway systems. The project joins a growing list of deployments in New […]
Automatic Inflators in Leases
Insider and Herb Stark of Stark Outdoor were talking yesterday about annual rent inflators and leases. Many landlords will push for an annual rent increase or a rent increase every five years in exchange for entering into a long term lease. Here’s a table showing US inflation rates by decade […]
Is iHeart Making Progress With Creditor Group?
Insider has written about Clear Channel Outdoor’s parent company, iHeart Media, and their debt woes. Their trial in Texas with a group of creditors began this week . We had previously mentioned that iHeart was trying to find a mediated settlement up to the date of the trial. At issue is […]
Landmark Emphasizing Renewable Site purchases.
Landmark CEO Tim Brazy had some interesting things to say in the Landmark’s first quarter earnings release conference call. You can read the Seeking Alpha transcript of the call here. Landmark has launched a Unit Exchange program in which is will give landowners Landmark Units rather than cash to purchase […]
Outfront goal: convert 100 statics to digital each year.
Outfront Media announced first quarter 2016 earnings yesterday. You can find the financials here , review the earnings all powerpoint here and read the Seeking Alpha conference call transcript here. Lots of things to note. Revenues grew 3% to $346 million when adjusted for acquisitions, divestitures and currency fluctuations. US […]
Landmark Owns 271 Outdoor sites
Landmark Infrastructure announced first quarter 2016 financials. Landmark acquires real estate which is leased to the wireless, outdoor and renewable power industries. Revenues increased 25% to $7.8 million. EBIDTA totaled $3.9 million. Outdoor accounted for 271 (24%) of the firm’s 1,114 sites at March 31, 2016. The outdoor leases have […]
An Update on iHeart’s Debt Problems
Insider has previously reported on Clear Channel Outdoor’s parent company iHeartMedia and their attempts to resolve a dispute with one of their lending groups. iHeart has a May trial date set to try and block a group of lenders from declaring a default on more than $3 billion in loans. […]
Clear Channel Outdoor Performs Better Than Expected
Clear Channel Outdoor Holdings released first quarter 2016 financials yesterday. Here are the highlights. Total Revenues increased by 1.8% excluding foreign exchange effects and non-strategic asset sales. North and South American revenues increased by 4%. The company attributed the growth to higher revenue from digital billboards and higher occupancy […]
