Outfront Media: Q4 Earnings Snapshot
By AP News
Published - Feb 22, 2023, 05:45 PM ET
Last Updated - Jun 22, 2023, 08:12 PM EDT
NEW YORK (AP) — NEW YORK (AP) — Outfront Media Inc. (OUT) on Wednesday reported a key measure of profitability in its fourth quarter. The results fell short of Wall Street expectations.
The New York-based real estate investment trust said it had funds from operations of $96.1 million, or 56 cents per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 69 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
