Lamar Advertising Company (LAMR) reported first quarter funds from operations, or FFO, of $156.1 million versus $148.5 million for the same period in 2024, an increase of 5.1%. Adjusted funds from operations, or AFFO, was $164.3 million compared to $158.2 million, an increase of 3.8%. AFFO per share increased 3.9% to $1.60 from $1.54. Net income was $139.2 million compared to $78.5 million, a year ago. Net income per share was $1.35 compared to $0.76.
First quarter net revenues were $505.4 million compared to $498.2 million for the first quarter of 2024, a 1.5% increase.
Lamar chief executive Sean Reilly said: "Based on pacings, we remain on track to reach our previously provided guidance for full-year AFFO per share."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.