
Lamar Advertising remains a "Buy," supported by resilient local demand, digital billboard conversions, and robust AFFO growth. Q3 saw AFFO rise 9.5% to $2.41, EBITDA up 9%, and margins expand to 49.1%, despite a headline EPS miss from a one-time asset sale. LAMR offers a secure 4.3% dividend yield, with additional special dividends and prudent capital allocation, maintaining leverage below 3x.










