Cost EfficiencyOUT announced a 6% reduction in force expected to result in $18-20 million in annual savings, improving the cost outlook.
Earnings PotentialWith a clear view on costs, 2H EBITDA margins are projected to be higher, and '25 AFFO growth is expected to increase to +4% year over year.
Revenue GrowthStrong growth in MTA revenue is expected, with daily MTA ridership showing significant year-over-year increases, providing upside to Q3 transit estimates.