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Outdoor advertising REITs

The 3 companies in this industry listed on the NYSE and Nasdaq are worth $22 bn combined; the largest are Lamar Advertising (LAMR), OUTFRONT Media (OUT) and Clear Channel Outdoor (CCO). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Clear leader
3 companies value 22 bn revenue 5.9 bn margin — free cash flow — avg. score 4.2
LAMR holds 69.9% of the group's value, 2.9x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 LAMR Lamar Advertising
United States · score 5.7
70% 15 bn 2.3 bn 23.9% 0.7 bn 4.7% — Billboard and outdoor advertising · Largest US billboard network; conversion to digital boards lifts margins
2 OUT OUTFRONT Media
United States · score 5.8
24% 5.4 bn 1.9 bn 12.7% 0.3 bn 5.7% 4.0% REIT of billboards and transit advertising · Billboards and transit media in US subways and stations
3 CCO Clear Channel Outdoor
United States · score 1.0
6% 1.2 bn 1.7 bn -6.3% 0.1 bn 6.8% — Out-of-home advertising: billboards and airports · Street and airport billboards, converting quickly to digital screens

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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