US out of home stocks underperformed the market for the third quarter of 2026 as rising interest rates and fears of a possible recession impacted values.   Here’s a review of US out of home stock performance in the third quarter of 2026, sponsored and analyzed by SignValue.

During the third quarter of 2026 the S&P 500 increased 2.5%.  Clear Channel Outdoor declined 3.7%.  Lamar Advertising declined 5.8%.  OUTFRONT declined 13.6%.  Lamar and OUTFRONT, like the entire REIT sector, were hurt by a rise in interest rates.  10 year Treasury rates increased by 80 basis points to 5.25% in the third quarter of 2026.  When Treasury interest rates rise, the fixed REIT dividends look less appealing so REIT stocks fall.  In addition, OUTFRONT guided towards lower revenue growth in the last half of the year on the 2Q 2026 earnings call.

Clear Channel Outdoor didn’t move much in the quarter because its price is fixed by the pending Mubadala takeover.

Total stock return (dividends and appreciation) of Lamar (Green), Clear Channel Outdoor (Blue) and OUTFRONT (Purple) versus S&P 500 (Black) for three months ended September 30, 2026

The US out of home companies have outperformed the market year to date due to record revenue performance.  OUTFRONT is up 23.7%.  Lamar is up 18.1%.  The S&P 5009 is up 12.9%.  Clear Channel Outdoor is up 5.9%.

Clear Channel’s performance is muted because it has been trading around the level of thethe Mubadala takeover price.  The Mubadala transaction  is expected to close in the next three months.

Total stock return (dividends and appreciation) of Lamar (Green), Clear Channel Outdoor (Blue) and OUTFRONT (Purple) versus S&P 500 (Black) for three months ended September 30, 2026

If you have questions, contact one of SignValue’s experienced analysts for a free and confidential consultation at info@signvalue.com or call 480-657-8400.

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