Lamar Advertising Anticipates $250 Million in 2019 Acquisitions

Sean Reilly, CEO of Lamar Advertising Co. (NYSE: LAMR), joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.

Reilly said that the adoption of the new lease accounting standard this year has been a “non-factor” for Lamar Advertising, and it doesn’t count on the REIT’s debt ratios.

Regarding acquisitions, he said that Lamar Advertising will continue to be busy, with an anticipated $250 million in acquisitions in 2019 in markets across the country.

Reilly said he sees the strongest growth potential within Lamar Advertising’s portfolio in digital inventory.

“We’re excited about it, and we’re building it out as fast as we can,” he said.