ThinkAdvisor notes the success of Specialty REITs, which own properties as diverse as farmland, document storage and outdoor ad space. Trepp Inc., an information provider for real estate and banking, notes that REITs in this category have posted a 31.44% total return year to date, and a 5.45% dividend yield, the […]
The Toronto Council has agreed to amend the sign bylaw to allow an electronic billboard in the Leaside neighborhood. An article in thestar.com reports the City council has approved a giant electronic billboard in Leaside that was opposed by staff and is the subject of a complaint to the integrity commissioner. One […]
The Wall Street Journal reports that the Internal Revenue Service has shut down an apparent gap in a tax law that otherwise could have allowed companies across industries to continue spinning off their property holdings into tax-advantaged real-estate investment trusts. The December law was written in response to a wave of […]
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 […]
Insider’s Take: Outfront has entered into an agreement to generate revenue by installing Sigfox’s wireless equipment on Outfront billboards. We’re attached the press release below. Outdoor advertising companies are pursuing several initiatives to generate revenue from wireless operators. Vertical Bridge has an agreement to manage wireless equipment installations for Clear […]
Insider wrote last week that Fresno was considering modifications to digital sign rules. The Fresno Bee reports that Outfront is negotiating with City Manager Bruce Rudd to lease five sites from the city for digital signs. The proposed sites are: ▪ The western edge of Woodward Park overlooking Highway 41 […]
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 […]
The Fresno, CA city council agreed this week to pursue the idea of putting electronic billboards along Highway 41 at Woodward Park, and at other parks and city properties. The city would make money on the deal, and in exchange for double-sided electronic billboards at five locations, 50 static billboards throughout the […]
Fortune interviewed Outfront Media’s CEO Jeremy Male. Here are some of Male’s comments together with Insider’s reactions. “We are taking a look at acquisitions. In fact we just completed one in the last few weeks, a company called Reynolds down in Dallas.” Reynolds outdoor has 500 faces in Dallas and […]
Reit.com has an interview with Outfront Chairman and CEO Jeremy Male and CFO Donald Shassian. Some of the highlights of the interview. Male says that out-of-home was a 2X GDP business from 1990-2015 with annual revenue growth of 4%/year or twice the 2%/year GDP growth rate. Looks to Insider like […]
