Lamar: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 06:24 AM ET
Last Updated - Jun 21, 2023, 11:00 PM EDT
BATON ROUGE, La. (AP) — BATON ROUGE, La. (AP) — Lamar Advertising Co. (LAMR) on Thursday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in Baton Rouge, Louisiana, said it had funds from operations of $144.1 million, or $1.41 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 $76 million, or 74 cents per share.
