Lamar Advertising Company (LAMR)

Key Points in This Article: Buffett's Q1 13-F filing revealed $3.9 billion in stock purchases, including six new positions, but he remains a net seller of stocks by shedding $7 billion in Apple and Bank of America holdings.

If any investor has stood the test of time, it is Warren Buffett, and with good reason.

Lamar Advertising Company LAMR reported mixed second-quarter results on Friday.

A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was a surprisingly common thread across second-quarter results, with the majority of the upside revisions being driven by improved expense expectations - the highest quantity of expense reductions ever. Healthcare REITs were notable upside standouts as senior housing fundamentals remained stellar, while skilled nursing REITs received some good news on the policy front via healthy CMS Medicare rate increases.

Lamar Advertising Company remains resilient in a tough ad market, with local/regional strength offsetting national weakness and a secure 5% dividend yield. Digital billboard conversion is in its early stages but offers a long-term growth catalyst, with digital units generating 5x revenue versus static boards. Balance sheet strength enables continued M&A, as seen with the Verde Outdoor acquisition, while leverage remains well below target levels.

LAMR's Q2 results reflect growth in revenues. However, a higher component of expenses marred the performance to some extent.

Lamar Advertising Company (NASDAQ:LAMR ) Q2 2025 Earnings Conference Call August 8, 2025 9:00 AM ET Company Participants Jay Lecoryelle Johnson - Executive VP, CFO & Treasurer Sean E. Reilly - CEO & President Conference Call Participants Cameron Alan McVeigh - Morgan Stanley, Research Division Daniel Carol Osley - Wells Fargo Securities, LLC, Research Division David Karnovsky - JPMorgan Chase & Co, Research Division Jason Boisvert Bazinet - Citigroup Inc., Research Division Operator Excuse me, everyone.

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $2.22 per share, beating the Zacks Consensus Estimate of $2.15 per share. This compares to FFO of $2.08 per share a year ago.

Lamar (LAMR) Q2 EPS Jumps 13%

Three Month Results Net revenues were $579.3 million Net income was $155.0 million Adjusted EBITDA was $278.4 million Six Month Results Net revenues were $1.08 billion Net income was $294.2 million Adjusted EBITDA was $488.6 million BATON ROUGE, La., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (the “Company” or “Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the Company's operating results for the second quarter ended June 30, 2025.

BATON ROUGE, La., July 08, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) will release its second quarter ended June 30, 2025 earnings report before the market opens on Friday, August 8, 2025. Lamar will host a conference call on Friday, August 8, 2025 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations.

LAMR acquires Verde assets, adding 1,500 billboard faces, including 80 digital displays and boosting presence in 10 U.S. states.

BATON ROUGE, La., July 07, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) (“Lamar” or the “Company”), a leading owner and operator of outdoor advertising assets, announced today that it has acquired the assets of Verde Outdoor in the first-ever UPREIT transaction in the billboard industry.

LAMR surges 18.4% in three months, fueled by digital growth, acquisitions and steady dividend hikes.

LAMR boosts growth with digital billboards and steady local sales, but high debt and national ad weakness remain risks.

Share buyback activity by US equity real estate investment trusts more than doubled in the first quarter, according to an analysis by S&P Global Market Intelligence. The US REIT sector bought back around $993.2 million in common stock in the period, more than twice as much as the $456.2 million in the fourth quarter of 2024 and up 15.5% year over year. More than a dozen REITs announced new share repurchase programs during the first quarter.