@RecentlyTrain484 1 year ago
Outfront Media offers a 6.8% yield in the middle of operational strength
Outfront Media offers a 6.8% yield in the middle of operational strength
which is a REIT that specializes in billboards and transit advertising. It has a dividend yield of 6.8%, which is well above the S&P 500 average of around 1.1%. While Q2 revenue dipped 3.6% due to the sale of Canadian assets, the core operations have remained strong, the transit advertising revenue rose 5.6% because of digital ad growth. Currently, only 5% of its ad inventory is currently digital which definitely means that there is scope for expansion. I read somewhere that it has a 9.1% upside potential.