Chances are, if you’ve been stuck in traffic or waited for a bus or subway train lately, your eye has been drawn to an advertising display created by OUTFRONT Media Inc. (NYSE: OUT).
Formerly known as CBS Outdoor Americas Inc., OUTFRONT began operating as a REIT in July 2014 following its spin-off from CBS Corp. Today, its portfolio includes approximately 57,000 billboard faces and 316,000 transit displays across the United States. Around 70 percent of the company’s revenues are derived from billboards, and 30 percent come from transit.