OUTFRONT Media (OUT) Q2 AFFO Beats Estimates, Revenues Miss
OUTOUTFRONT Media(OUT) ZACKS·2024-08-08 00:07

OUTFRONT Media Inc. (OUT) reported second-quarter 2024 adjusted funds from operations (AFFO) per share of 49 cents, which surpassed the Zacks Consensus Estimate of 46 cents.Results reflect lower operating expenses due to lower property lease costs. The company also witnessed higher average revenue per display (yield) across its portfolio. However, a rise in interest expenses hurt the performance to some extent.However, quarterly revenues came in at $477.3 million, which missed the Zacks Consensus Estimate o ...