Risk factors

Lamar Advertising (LAMR) risk factors

Item 1A of every Lamar Advertising Co. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

  • FY2025 10-K risk factors
    34 risks2 new3 dropped5 reworded

    Acquisition spending rose to $191.1 million, with Lamar also issuing 1,187,500 units for Verde Outdoor.

    Filed Feb 20, 2026
  • FY2024 10-K risk factors
    35 risks

    Substantial debt obligations totaling $3.21 billion at Lamar Media constrain operations and require steady cash flow. Strict REIT compliance rules dictate distribution policies, asset limits, and potential tax liabilities. Heavy reliance on municipal transit contracts and state logo sign awards creates distinct renewal dependencies.

    Filed Feb 20, 2025