The three public US out of home companies outperformed the stock market during 2021.   Clear Channel (up 98%) led the way followed by Lamar Advertising (up 45%) and OUTFRONT (up 37%).  The S&P 500 increased 27%.

Stock performance of Lamar (green), Clear Channel Outdoor (blue) and OUTFRONT (purple) versus the S&P 500 (black) for 2021

Clear Channel has had the most momentum over the past quarter.  Clear Channel stock rose 22% in the fourth quarter of 2021.  The S&P 500 grew 11%, followed by Lamar up 7% and OUTFRONT up 5%.

Stock performance of Lamar (green), Clear Channel Outdoor (blue) and OUTFRONT (purple) versus the S&P 500 (black) for the fourth quarter of 2021

The public out of home companies, however, have failed to outperform the stock market for the past five years.  They haven’t quite made up the ground they lost early during the covid panic.  Over the past five years the stock market has grown by 113%, followed by Lamar up 80%, OUTFRONT up 8% and Clear Channel Outdoor down 35%.

Stock performance of Lamar (green), Clear Channel Outdoor (blue) and OUTFRONT (purple) versus the S&P 500 (black) for 2017-2021

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