Lamar: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

BATON ROUGE, La. (AP) _ Lamar Advertising Co. (LAMR) on Friday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Baton Rouge, Louisiana, said it had funds from operations of $172.1 million, or $1.71 per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $108.6 million, or $1.08 per share.

The outdoor and transit advertising company, based in Baton Rouge, Louisiana, posted revenue of $428.5 million in the period.

For the year, the company reported funds from operations of $514.8 million. Revenue was reported as $1.57 billion.

Lamar expects full-year funds from operations in the range of $5.20 to $5.50 per share.

The company's shares have increased slightly more than 4% since the beginning of the year. The stock has decreased 2% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAMR at https://www.zacks.com/ap/LAMR