Lamar Advertising Company filings document the regulatory record of an outdoor advertising REIT with Class A common stock listed on Nasdaq. Its 8-K reports cover operating results, dividend declarations, repurchase programs, material agreements, and financing activity connected to Lamar Media Corp., its wholly owned subsidiary.
The company’s proxy materials address board governance, shareholder voting matters, and executive compensation. Other disclosures describe Class A and Class B common stock, senior notes, credit agreement amendments, subsidiary obligations, risk factors, and capital-allocation actions related to dividends, stock repurchases, and debt repurchases.
Lamar Advertising Company announced that its board of directors has declared a quarterly cash dividend of $1.60 per share on its Class A and Class B common stock. The dividend will be paid on June 30, 2026 to stockholders of record on June 16, 2026.
The company also stated that, subject to board approval, it expects total quarterly distributions to stockholders in 2026, including this dividend, to be at least $6.40 per common share.
Lamar Advertising Company executive Jay LeCoryelle Johnson, the CFO, Treasurer and EVP, sold 10,000 shares of Class A Common Stock in an open-market transaction. The sale occurred on May 11, 2026, at a price of $157.02 per share and reduced his directly held shares to zero.
Lamar Advertising Company filed a Form 144 reporting a proposed sale of Class A Common Stock. The notice names J.P. Morgan Securities LLC as broker and lists an intended sale quantity of 10,000 shares. The filing also shows compensatory issuances of 7,074 and 2,926 shares and a reported sale of 1,260 shares on 03/05/2026.
Lamar Advertising Company reported net revenues of $528.0 million for the three months ended March 31, 2026, up 4.5% from $505.4 million a year earlier. Growth was driven mainly by billboard revenue, which increased to $468.6 million from $444.9 million, with logo revenue also higher and transit slightly lower.
Adjusted EBITDA rose to $226.3 million from $210.2 million, reflecting higher advertising volumes and modest cost growth. GAAP net income declined to $101.8 million from $139.2 million, primarily because the prior year included a much larger gain on the sale of an equity interest in Vistar Media. Diluted earnings per share were $1.00 versus $1.35.
The company invested $33.1 million in capital expenditures and approximately $58.6 million on acquisitions in the quarter, while paying common dividends of $1.60 per share and preferred dividends of $15.95 per share. Long-term debt, including current maturities and net of deferred financing costs, was $3.50 billion, and operating cash flow was $147.4 million.
Lamar Advertising Company reported solid first-quarter 2026 operating results, led by growth in cash-based metrics despite a headline earnings decline. Net revenues were $528.0 million, up 4.5% from $505.4 million a year earlier, reflecting healthy demand from both local and national advertisers.
Net income was $101.8 million, down 26.9% from $139.2 million, largely because the 2025 quarter included a $67.7 million gain and $13.1 million related tax expense from the sale of Lamar’s equity interest in Vistar Media. Diluted EPS was $1.00 versus $1.35.
Profitability on a non‑GAAP basis improved: adjusted EBITDA rose 7.7% to $226.3 million, while adjusted funds from operations increased 8.0% to $177.5 million, driving diluted AFFO per share up 7.5% to $1.72. Free cash flow grew 25.8% to $152.4 million, supported by operating cash flow of $147.4 million.
As of March 31, 2026, Lamar had $701.5 million in liquidity, including $39.3 million of cash and $662.2 million available under its revolver, with total debt of $3.50 billion and stockholders’ equity of $981.7 million. After quarter‑end, the company repaid $40.0 million on its revolving credit facility. Management noted first‑quarter results exceeded internal forecasts and said pacing trends place full‑year diluted AFFO per share toward the top end of previously issued guidance.
Lamar Advertising Co ownership filing: Vanguard Capital Management reports beneficial ownership of 4,560,715 shares of Common Stock, representing 5.24% of the class as of 03/31/2026.
The filing states Vanguard Capital Management has sole voting power over 662,623 shares and sole dispositive power over 4,560,715 shares, and describes holdings held on behalf of Vanguard funds and managed accounts.
Vanguard Portfolio Management reports beneficial ownership of 7,507,738 shares of Lamar Advertising Co Common Stock, representing 8.63% of the class as reported for the period ending 03/31/2026. The filing states Vanguard has sole dispositive power over 7,507,738 shares and sole voting power for 22,671 shares. The disclosure identifies Vanguard funds and affiliated advisory units as included in the reported position.
BlackRock, Inc. reports beneficial ownership of 9,813,265 shares of Lamar Advertising Co./New Class A common stock, representing 11.3% of the class. The filing states these shares are held by certain Reporting Business Units of BlackRock, Inc., with sole voting power over 9,497,539 shares and sole dispositive power over 9,813,265.
The amendment clarifies holdings and references an Exhibit identifying the subsidiary(ies) involved.
Lamar Advertising Company is calling a virtual-only 2026 annual meeting on May 14, 2026 at 9:00 a.m. CDT for stockholders of record as of March 16, 2026. Holders will vote on electing ten directors, ratifying KPMG LLP as auditor, an advisory say-on-pay vote, and amendments to the 1996 Equity Incentive Plan and 2019 Employee Stock Purchase Plan.
The company has 87,021,456 Class A shares, 14,420,085 Class B shares and 5,719.49 Series AA preferred shares outstanding, with Class B carrying ten votes per share. The Reilly family, through Reilly Family, LLC and related holdings, controls a majority of the voting power. In 2025, CEO Sean E. Reilly received total compensation of $8.46 million, largely from performance-based LTIP Unit equity tied to net revenue and pro forma EBITDA growth, and the CEO-to-median employee pay ratio was 125:1.