Jeremy Male is retiring as OUTFRONT CEO after 11 years.  What’s the verdict?   OUTFRONT CFO Matt Siegel said this on the OUTFRONT 4Q 2024 earnings call:

“…As CEO Jeremy navigated the company through its separation from CBS with its initial public offering, the subsequent conversion to a REIT corporate structure, a rapid digitization of assets, the pandemic that produced the most challenging operating environment the out of home industry has ever seen.   OUTFRONT would not be the industry leading company it is today without his vision and leadership…”

The capital markets give a harsher verdict.  $30.84 to $18.29 in 11 years…

SignValue’s Take: OUTFRONT is conducting a search for a CEO. Here’s hoping that the next CEO comes from a real estate and acquisitions side of the business as opposed to the agency or transit side.  OUTFRONT’s been focused on transit and major media market assets that don’t mature in value as much as traditional assets in small and midsized growth markets. A shift in focus to these kinds of acquisitions and organic growth through their real estate divisions will lead to a higher market cap and stock price for shareholders.  If you have questions contact SignValue at info@signvalue.com or (480) 657-8400.

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