BATON ROUGE, La. (AP) 鈥� BATON ROUGE, La. (AP) 鈥� Lamar Advertising Co. (LAMR) on Thursday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Baton Rouge, Louisiana, said it had funds from operations of $247.9 million, or $2.40 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 $160.7 million, or $1.58 per share.
The outdoor and transit advertising company, based in Baton Rouge, Louisiana, posted revenue of $616.7 million in the period.
Lamar expects full-year funds from operations in the range of $8.75 to $8.90 per share.
_____
This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/LAMR
Copyright © 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
