Lamar Advertising Anticipates $250 Million in 2019 Acquisitions

07/22/2019 | by Nareit Staff

Sean Reilly, CEO of Lamar Advertising Co. (NYSE: LAMR), joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.

Reilly said that the adoption of the new lease accounting standard this year has been a “non-factor” for Lamar Advertising, and it doesn’t count on the REIT’s debt ratios.

Regarding acquisitions, he said that Lamar Advertising will continue to be busy, with an anticipated $250 million in acquisitions in 2019 in markets across the country.

Reilly said he sees the strongest growth potential within Lamar Advertising’s portfolio in digital inventory.

“We’re excited about it, and we’re building it out as fast as we can,” he said.

Companies:

Company name

Lamar Advertising Company

Specialty

1 Year Total Return

28.53% As of market close 06/27/2024

Stock price

$118.74

You Might Also Like...

What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.