Don't Throw Outdoor Media Under The Bus

OUTFRONT Media is one of the largest out-of-home media companies in North America. The portfolio includes more than 400,000 digital and static displays, which are primarily located in the most iconic and high-traffic locations throughout the 25 largest markets in the U.S.


  • I opted to wait for more clarity related to MTA, but now that is in the rear view mirror and there’s absolutely no reason to throw OUT “under the bus”.
  • Now that the MTA deal is finalized, there is more clarity as it relates to OUT’s earnings stream – the forward runway (2018 AFFO/share forecast) is 13%.
  • Show me another REIT that invests in New York City real estate that yields 5%?