BATON ROUGE, La. (AP) — BATON ROUGE, La. (AP) — Lamar Advertising Co. (LAMR) on Thursday reported a key measure of profitability in its fourth quarter.
The Baton Rouge, Louisiana-based real estate investment trust said it had funds from operations of $226.5 million, or $2.21 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 a loss of $1.3 million, or 1 cent per share.
The outdoor and transit advertising company, based in Baton Rouge, Louisiana, posted revenue of $579.6 million in the period.
For the year, the company reported funds from operations of $819 million. Revenue was reported as $2.21 billion.
Lamar expects full-year funds from operations in the range of $8.13 to $8.28 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAMR at https://www.zacks.com/ap/LAMR
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。