Shares of OUTFRONT Media (OUT) have soared 16.4% year to date compared with the industry's growth of 3.2%. This New York-based advertising real estate investment trust's (REIT) diverse portfolio of advertising sites and large-scale presence, efforts to bolster its digital presence and strategic acquisitions over the years have enabled it to ride the growth curve so far. This month, the company reported better-than-expected second-quarter 2024 results. It reported adjusted funds from operations (AFFO) per sh ...

OUTFRONT Media Inc. (OUT) reported second-quarter 2024 adjusted funds from operations (AFFO) per share of 49 cents, which surpassed the Zacks Consensus Estimate of 46 cents. Results reflect lower operating expenses due to lower property lease costs. The company also witnessed higher average revenue per display (yield) across its portfolio. However, a rise in interest expenses hurt the performance to some extent. However, quarterly revenues came in at $477.3 million, which missed the Zacks Consensus Estimate ...

Outfront Media (OUT) came out with quarterly funds from operations (FFO) of $0.49 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to FFO of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 5.65%. A quarter ago, it was expected that this billboard, transit and digital display advertising company would post FFO of $0.14 per share when it actually produced FFO of $0.14, delivering no surprise. O ...

Revenues of $477.3 million Operating income of $229.1 million Net income attributable to OUTFRONT Media Inc. of $176.8 million Adjusted OIBDA of $126.0 million AFFO attributable to OUTFRONT Media Inc. of $84.8 million Quarterly dividend of $0.30 per share, payable September 27, 2024 NEW YORK, Aug. 6, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter ended June 30, 2024. "Our U.S. Media business continued to display solid growth during the quarter, with revenue up 4% ...

NEW YORK, Aug. 6, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that its board of directors has declared a quarterly cash dividend on the Company's common stock of $0.30 per share payable on September 27, 2024, to shareholders of record at the close of business on September 6, 2024. About OUTFRONT Media Inc. OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of bil ...

The Company will host a conference call to discuss the results on Tuesday, August 6, 2024 at 4:30 p.m. Eastern Time. The conference call number is 833-470-1428 (U.S. callers) and 404-975-4839 (International callers) and the passcode for both is 988725. About OUTFRONT Media Inc. Contacts: SOURCE OUTFRONT Media Inc. NEW YORK, July 17, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that it will report results for the fiscal quarter ended June 30, 2024 after the market closes on Tuesday, A ...

Apart from strategic disposition, OUTFRONT Media has capitalized on acquisitions to enhance its portfolio. In the first quarter of 2024, the company acquired several assets for nearly $6 million. In 2023, the company acquired several assets for around $33.7 million. With such expansion efforts, it remains poised to grow over the long term. However, elevated operating expenses and high interest rates will likely weigh on its bottom-line growth in the near term. Competition from several advertising channels m ...

NEW YORK, June 10, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) and Bell Media Inc., a wholly-owned subsidiary of BCE Inc. (TSX, NYSE: BCE), announced today that they have closed the sale of OUTFRONT Media's Canadian business to Bell Media for a purchase price of C$410 million in cash, subject to certain purchase price adjustments. About OUTFRONT Media Inc. Bell Media is Canada's leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and ...

About This Article ■ In our previous coverage of Outfront Media (NYSE:OUT), we weighed the positives of the high yield and the monopoly-like business, versus the very real negatives that we saw. Those negatives were concentrated within leverage and a rather non-REIT like cyclicality of earnings. Ultimately, we called it a "great point to cash out" as the stock had a nice rally off the lows. We now rate Outfront Media Inc. stock a Sell and would get more constructive if leverage can be reduced below 4.5X or ...

OUTFRONT Media (OUT) is well-poised to benefit from its diversified portfolio of advertising sites, both geographical and industry-wise, in the key markets of the United States and Canada. Moreover, strategic investments and expansion efforts to enhance its digital billboard portfolio augur well for its long-term growth opportunities. However, competition from other advertising channels and elevated expenses are worrisome for the company. A high interest rate environment adds to its concerns. Moreover, the ...