Why tower companies trade at a higher multiple than billboard operating companies (Billboard Insider)
This caught my attention: “We are selling towers for 20–30 times tower cash flow, and typically get over twenty offers per engagement.” Why aren’t billboards selling for multiples like this? Insider’s take: Out of home assets typically trade at 8-14 times billboard cashflow. […]
billboardinsider.com
Wed, Jan 20, 2021 at 5:10 PM
Wed, Jan 20, 2021 at 5:10 PM