Lamar Advertising reports Q2 diluted AFFO $2.22 vs. $2.08 last year

Reports Q2 revenue $579.3M vs. $565.3M last year. “Revenue growth accelerated slightly in the second quarter, with increases on both the national and local levels. Meanwhile, in early July we completed a milestone acquisition, with the first-ever UPREIT transaction in the billboard industry,” Lamar chief executive Sean Reilly said. “Our pacings indicate further year-over-year improvement in revenues is likely in the second half of 2025, though perhaps not to the degree that we’d anticipated entering the year. As a result, we’ve slightly revised our guidance for full-year diluted AFFO per share from a range of $8.13 to $8.28 per share to a range of $8.10 to $8.20 per share.”