Outfront Media (OUT) Misses Q2 AFFO by 2c
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OUTFRONT Media Reports Second Quarter 2016 Results
August 4, 2016 4:03 PM EDTNEW YORK, Aug. 4, 2016 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter ended June 30, 2016.
"Performance this quarter reflected good execution with organic revenues up 4.3% and AFFO up 13.4%," said Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media. "We're particularly pleased with our organic U.S. Media growth at 4.9%, which was driven by continued improvement in our billboard markets alongside a strong market for transit advertising - both indicators that we are successfully connecting the right target... More
