Lamar: Q4 Earnings Snapshot

BATON ROUGE, La. (AP) — 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 $194.5 million, or $1.91 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 $66 million, or 65 cents per share.

The outdoor and transit advertising company, based in Baton Rouge, Louisiana, posted revenue of $535.5 million in the period.

For the year, the company reported funds from operations of $749.7 million. Revenue was reported as $2.03 billion.

Lamar expects full-year funds from operations in the range of $7.40 to $7.55 per share.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LAMR at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up