OUTFRONT CFO Matt Siegel says the company is looking at tuck-in acquisitions. Here is a selection of Siegel’s comments at yesterday’s Deutsche Bank 29th Annual Leveraged Financing Conference The Boston and New York transit markets are recovering Boston is similar to New York in that there is a return to […]
Lamar and OUTFRONT outpaced the stock market during the third quarter of 2021. Lamar up 9.4%, OUTFRONT up 5.2% and Clear Channel was up 0.4% versus 1.6% growth for the S&P 500. Public Stock Market performnce for 3 months ended September 30, 2021. Lamar (green), OUTFRONT (purple), Clear Channel Outdoor […]
NEW YORK, NY – September 27, 2021 – OUTFRONT Media Inc. (NYSE:OUT) announces its call for entries for its third annual artist-based out of home contest, OUTFRAME. Artwork by Dinesh Boaz, 2020 OUTFRAME Winner, Co-Founder & Creative Director at Direct Agents. Creatives in all areas of business and industries are […]
NEW YORK, NY – September 15, 2021 – OUTFRONT Media Inc. (NYSE:OUT) celebrates National Hispanic Heritage Month by launching its OOH campaign centered on the “Spirit of Orgullo” – taking pride in one’s heritage. Spotlighting 30 of today’s Hispanic and Latinx leaders in various industries, the campaign is currently running […]
Lamar announced a 33% dividend increase to $1.00 per share payable on September 30, 2021. Billboard Insider’s Take: Yet another signal that Lamar has put Covid in the rear view mirror. Lamar’s dividend is back to pre-Covid levels. The payout equates to a 3.5% yield on the company’s common stock […]
Lots of parties have filed briefs in the Supreme Court’s review of the Austin v Reagan case. Austin wants the Supreme Court to throw out an Appeals Court ruling invalidating Austin’s sign code because it had one set of rules for on-premise digital signs and another set for off premise […]
Here’s a comparison of the performance of the public out of home companies versus the US nominal GDP. Quarterly Change in US Public Company out of home revenues versus US Gross Domestic Product Some observations: Link Media and Lamar had the slightest revenue declines and fastest recovery from covid due […]
Always nice to understand what the wider marketplace thinks about the Out of Home sector. Below is a segment of a report from Hoya Capital Real Estate, a research-focused Registered Investment Advisor that advises ETFs and individual accounts by managing portfolios of publicly-traded commercial and residential real estate companies. They […]
OUTFRONT CFO Matt Siegel talked about digital billboards the MTA and the company’s dividend at yesterday’s Oppenheimer Technology, Internet & Communications conference. Some highlights. Digital conversion is compelling. Converting static to digital is really the best returning activity we do. We know the location, we know the landlord, we’re adding […]
Lamar, OUTFRONT and Clear Channel have accellerated investment plans after tightening the belt during Covid. OUTFRONT’s Matt Siegel said this about capital spending on last Friday’s earning call: We added 47 new digital boards this quarter and 77 year to date…You’ll probably see an increased pace of capex in the […]
