Put your 1031 proceeds into an income-producing billboard lease and easement. Landmark Dividend, the nation’s leading ground lease and easement real estate investment firm, is selling 20 NNN, non-cancellable leases that all have perpetual billboard easements with 2.5% annual escalators. The company owns the 20 properties and title is 100% […]
Finance
Male says MTA win “once in a lifetime opportunity”
Here are the details of the webcast and powerpoint in which Outfront announced the MTA contract win. Outfront CEO Jeremy Male began the call with an ebullient statement: “We’re very excited to be sharing this news with you today. It’s truly an extraordinary opportunity and one that’s been a long […]
Male on hurricanes, tech, mobile and increasing yields.
Outfront CEO Jeremy Male addressed the Goldman Sachs Communacopia on Wednesday. Here are the highlights from the Seeking Alpha transcript. You can listen to Male’s talk on Events page of the Outfront Website. On the impact of the hurricanes Harvey and Irma: So, as we look around, we were very fortunate […]
Porter Advertising Acquires Tom Raper Billboards
September 12, 2017 – Porter Advertising, LLC announces the purchase of all billboard assets from Tom Raper Enterprises. The acquisition includes billboard displays in the Indianapolis, Dayton and Cincinnati advertising markets. This including 75 faces located n I-70 in both states, US 40 in Indiana, I-275 in Cincinnati, and on […]
Newspaper Enters Out of Home Advertising Business
Forsyth County News reports that Morris Multimedia entered the out of home advertising business by purchasing a double sided digital billboard in Cummings, Georgia from Incorvaia Media. Kalil and Co brokered the transaction. Kalil’s Max Drachman tells Insider about the transaction: “Morris Multimedia is a dynamic Television and Print company with assets […]
Why 5 times cashflow is your debt capacity.
On Friday Insider wrote that debt for an out of home advertising company should not exceed 5 times cashflow (earnings before interest, depreciation and amortization) or 3 times revenue. This is the upper limit. It’s OK to operate way below this if your risk tolerance is less. This analysis is […]
Four Tips When Seeking an Out of Home Loan
Here are four tips when seeking out of home financing: look for debt before you need it, cultivate multiple lenders, know your lender and don’t borrow too much. One: Look For Debt When You Don’t Need It. Start talking to lenders before you need them. It will allow you to […]
Up and to the right is great – until it isn’t.
31 years of out of home lending and investing have taught Insider this: You never lose money in a recession. You lose money by the dumb things you do just before the recession. The US economy has been up and to the right for 8.2 years. There have been 11 […]
Lamar revenue and cashflow up in 2Q 2017
Here are the highlights from Lamar’s 2Q 2017 earnings release and conference call: Net revenue increased 2.5% to $397 million. Acquisition adjusted net revenue increased 1.7%. National revenue increased 4.5% and local revenue increased 1.5%. CEO Sean Reilly said that the company’s coast regions are doing well. It’s the middle […]
Clear Channel Outdoor organic revenue up, cashflow down in 2Q 2017
Clear Channel Outdoor released second quarter 2017 financials yesterday. Here are the highlights: Consolidated revenue declined 5.1% to $672 million during the second quarter due to assets sales. Consolidated organic revenues grew 2.3% for $687 million for the second quarter of 2017 after adjusting for foreign exchange and asset sales. […]
