The outdoor advertising firm cites improving national demand as reason to revisit prior full-year 2026 adjusted funds from operations targets.
Lamar Advertising expects to reinstate its 2026 adjusted funds from operations guidance of $8.50 to $8.70 per share as national advertising demand strengthens. The company had previously withdrawn the outlook amid economic uncertainty but now sees conditions improving.
Earlier this year, Lamar had suspended its AFFO guidance due to softer ad spending trends. The $8.50-$8.70 range represents a rebound from recent quarters, aligning with pre-pandemic growth trajectories.
No immediate market reaction was disclosed in the announcement.