Tag Archives: CBS Outdoor REIT Conversion

Is Chasing REIT Status A Fool’s Errand For CBS Outdoor And Lamar Advertising?

REITs have been extremely popular investments over the past few years as investors desperately thirst for yield. Not surprisingly, the space has attracted the interest of some ‘non traditional’ companies including data storage titan Iron Mountain (IRM), whose board of directors just approved REIT conversion plans following a favorable IRS ruling. Some other ‘non traditional’ companies, such as billboard… Read More »

CBS Begins Exit Of The Great Outdoors With IPO

Roughly a year ago CBS Corp (CBS) decided to shed its outdoor units. Its Asian & European units would be divested and were ultimately sold to private equity firm Platinum Equity for an estimated $225m last fall. The company had grander plans for its North American outdoor segment though. Much grander plans, including an IPO, followed by a spinoff… Read More »