Lamar Advertising Company LAMR
Established in 1902, Lamar Advertising (Nasdaq: LAMR) operates as a major force in the North American outdoor advertising landscape, boasting a portfolio of over 352,000 displays across the United States and Canada. Lamar furnishes advertisers with an extensive array of formats, encompassing traditional billboards, interstate logo displays, transit advertising, and airport placements. This diverse offering assists both burgeoning local businesses and established national brands in consistently engaging expansive audiences. Beyond its extensive collection of traditional out-of-home assets, Lamar proudly operates the United States' largest network of digital billboards, encompassing approximately 3,800 cutting-edge displays for its customers.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-07) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-16 | 2026-06-16 | 2026-06-30 | 2026-05-14 | $1.60 | Quarterly |
| 2026-03-16 | 2026-03-16 | 2026-03-31 | 2026-02-26 | $1.60 | Quarterly |
| 2025-12-22 | 2025-12-22 | 2025-12-31 | 2025-12-11 | $1.80 | Special |
| 2025-09-19 | 2025-09-19 | 2025-09-30 | 2025-08-27 | $1.55 | Quarterly |
| 2025-06-16 | 2025-06-16 | 2025-06-30 | 2025-05-15 | $1.55 | Quarterly |
| 2025-03-14 | 2025-03-14 | 2025-03-28 | 2025-02-19 | $1.55 | Quarterly |
| 2024-12-18 | 2024-12-18 | 2024-12-30 | 2024-12-06 | $1.65 | Special |
| 2024-09-18 | 2024-09-18 | 2024-09-30 | 2024-08-27 | $1.40 | Quarterly |
| 2024-06-17 | 2024-06-17 | 2024-06-28 | 2024-05-16 | $1.30 | Quarterly |
| 2024-03-14 | 2024-03-15 | 2024-03-28 | 2024-02-22 | $1.30 | Quarterly |
| 2023-12-15 | 2023-12-18 | 2023-12-29 | 2023-11-29 | $1.25 | Quarterly |
| 2023-09-15 | 2023-09-18 | 2023-09-29 | 2023-08-29 | $1.25 | Quarterly |
| 2023-06-15 | 2023-06-19 | 2023-06-30 | 2023-05-10 | $1.25 | Quarterly |
| 2023-03-16 | 2023-03-17 | 2023-03-31 | 2023-02-23 | $1.25 | Quarterly |
| 2022-12-16 | 2022-12-19 | 2022-12-30 | 2022-12-08 | $1.50 | Special |
| 2022-09-16 | 2022-09-19 | 2022-09-30 | 2022-09-06 | $1.20 | Quarterly |
| 2022-06-16 | 2022-06-20 | 2022-06-30 | 2022-05-19 | $1.20 | Quarterly |
| 2022-03-18 | 2022-03-21 | 2022-03-31 | 2022-02-24 | $1.10 | Quarterly |
| 2021-12-17 | 2021-12-20 | 2021-12-30 | 2021-12-09 | $1.50 | Special |
| 2021-09-17 | 2021-09-20 | 2021-09-30 | 2021-09-07 | $1.00 | Quarterly |
| 2021-06-18 | 2021-06-21 | 2021-06-30 | 2021-05-20 | $0.75 | Quarterly |
| 2021-03-19 | 2021-03-22 | 2021-03-31 | 2021-02-25 | $0.75 | Quarterly |
| 2020-12-18 | 2020-12-21 | 2020-12-30 | 2020-12-01 | $0.50 | Quarterly |
| 2020-09-18 | 2020-09-21 | 2020-09-30 | 2020-09-01 | $0.50 | Quarterly |
Coverage (payout of operating cash flow): 75.28%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $2.27B | $587.15M | $326.33M | $1.10B | $864.05M |
| 2024 | $2.21B | $361.87M | $462.97M | $1.00B | $873.61M |
| 2023 | $2.11B | $495.76M | $293.42M | $974.55M | $783.61M |
| 2022 | $2.03B | $438.65M | $349.45M | $933.06M | $781.61M |
| 2021 | $1.79B | $388.09M | $271.29M | $775.02M | $734.42M |
| 2020 | $1.57B | $243.39M | $251.30M | $636.97M | $569.87M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.