How Outfront Media may be affected by a recession, as a REIT (Billboard Insider)
In addition to high capex costs, the billboard business model does not provide the income sustainability warranted by other property sectors (due to the fluctuating ad-based business). This means some of the underlying assets owned by Outfront could be subject to uncontrollable risks (economic, governmental, and competitive), as well as declining revenues. […]
Fri, Feb 22, 2019 at 8:33 PM