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Schedule of Real Estate and Accumulated Depreciation (Subsidiary) | 12 Months Ended
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Dec. 31, 2024
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] |
Schedule of Real Estate and Accumulated Depreciation | SCHEDULE III LAMAR ADVERTISING COMPANY AND SUBSIDIARIES Schedule of Real Estate and Accumulated Depreciation December 31, 2024, 2023 and 2022 (In thousands)
Description(1) |  | Encumbrances |  | Initial Cost(2) |  | Gross Carrying Amount(3) |  | Accumulated Depreciation |  | Construction Date |  | Acquisition Date |  | Useful Lives
360,487 Displays |  | — |  |  | — |  |  | $ | 4,170,086 |  |  | $ | (2,797,682) |  |  | Various |  | Various |  | 5 to 20 years
(1)No single asset exceeded 5% of the total gross carrying amount at December 31, 2024 (2)This information is omitted, as it would be impracticable to compile such information on a site-by-site basis (3)Includes sites under construction The following table summarizes activity for the Company’s real estate assets, which consists of advertising displays and the related accumulated depreciation.
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Gross real estate assets: |  |  |  |  |
Balance at the beginning of the year | $ | 3,883,556 |  |  | $ | 3,745,006 |  |  | $ | 3,439,618 |
Capital expenditures on new advertising displays(4) | 34,030 |  |  | 80,241 |  |  | 85,972 |
Capital expenditures on improvements/redevelopments of new/existing advertising displays | 24,762 |  |  | 26,127 |  |  | 23,850 |
Capital expenditures other recurring(5) | 253,950 |  |  | 42,703 |  |  | 141,030 |
Land acquisitions(6) | 8,719 |  |  | 24,064 |  |  | 31,061 |
Acquisition of advertising displays(7) | 3,153 |  |  | 9,285 |  |  | 64,223 |
Assets sold or written-off | (35,777) |  |  | (44,442) |  |  | (39,149) |
Foreign exchange | (2,307) |  |  | 572 |  |  | (1,599) |
Balance at the end of the year | $ | 4,170,086 |  |  | $ | 3,883,556 |  |  | $ | 3,745,006 |
Accumulated depreciation: |  |  |  |  |
Balance at the beginning of the year | $ | 2,529,560 |  |  | $ | 2,440,956 |  |  | $ | 2,287,590 |
Depreciation | 300,855 |  |  | 124,072 |  |  | 185,820 |
Assets sold or written-off | (31,469) |  |  | (35,791) |  |  | (31,514) |
Foreign exchange | (1,264) |  |  | 323 |  |  | (940) |
Balance at the end of the year | $ | 2,797,682 |  |  | $ | 2,529,560 |  |  | $ | 2,440,956 |
(4)Includes non-cash amounts of $377, $1,138 and $2,367 at December 31, 2024, 2023 and 2022, respectively (5)Includes non-cash amounts of $211,246, $1,186 and $103,019 at December 31, 2024, 2023 and 2022, respectively, related to the revision in cost estimate included in the calculation of asset retirement obligations (6)Includes preliminary allocation of assets acquired during 2022 (7)Includes non-cash amounts of $72, $3,052 and $11,132 at December 31, 2024, 2023 and 2022, respectively
LAMAR MEDIA CORP. AND SUBSIDIARIES |
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] |
Schedule of Real Estate and Accumulated Depreciation | SCHEDULE III LAMAR MEDIA CORP. AND SUBSIDIARIES Schedule of Real Estate and Accumulated Depreciation December 31, 2024, 2023 and 2022 (In thousands)
Description(1) |  | Encumbrances |  | Initial Cost(2) |  | Gross Carrying Amount(3) |  | Accumulated Depreciation |  | Construction Date |  | Acquisition Date |  | Useful Lives
360,487 Displays |  | — |  |  | — |  |  | $ | 4,170,086 |  |  | $ | (2,797,682) |  |  | Various |  | Various |  | 5 to 20 years
(1)No single asset exceeded 5% of the total gross carrying amount at December 31, 2024 (2)This information is omitted, as it would be impracticable to compile such information on a site-by-site basis (3)Includes sites under construction The following table summarizes activity for the Company’s real estate assets, which consists of advertising displays and the related accumulated depreciation.
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Gross real estate assets: |  |  |  |  |
Balance at the beginning of the year | $ | 3,883,556 |  |  | $ | 3,745,006 |  |  | $ | 3,439,618 |
Capital expenditures on new advertising displays(4) | 34,030 |  |  | 80,241 |  |  | 85,972 |
Capital expenditures on improvements/redevelopments of new/existing advertising displays | 24,762 |  |  | 26,127 |  |  | 23,850 |
Capital expenditures other recurring(5) | 253,950 |  |  | 42,703 |  |  | 141,030 |
Land acquisitions(6) | 8,719 |  |  | 24,064 |  |  | 31,061 |
Acquisition of advertising displays(7) | 3,153 |  |  | 9,285 |  |  | 64,223 |
Assets sold or written-off | (35,777) |  |  | (44,442) |  |  | (39,149) |
Foreign exchange | (2,307) |  |  | 572 |  |  | (1,599) |
Balance at the end of the year | $ | 4,170,086 |  |  | $ | 3,883,556 |  |  | $ | 3,745,006 |
Accumulated depreciation: |  |  |  |  |
Balance at the beginning of the year | $ | 2,529,560 |  |  | $ | 2,440,956 |  |  | $ | 2,287,590 |
Depreciation | 300,855 |  |  | 124,072 |  |  | 185,820 |
Assets sold or written-off | (31,469) |  |  | (35,791) |  |  | (31,514) |
Foreign exchange | (1,264) |  |  | 323 |  |  | (940) |
Balance at the end of the year | $ | 2,797,682 |  |  | $ | 2,529,560 |  |  | $ | 2,440,956 |
(4)Includes non-cash amounts of $377, $1,138 and $2,367 at December 31, 2024, 2023 and 2022, respectively (5)Includes non-cash amounts of $211,246, $1,186 and $103,019 at December 31, 2024, 2023 and 2022, respectively, related to the revision in cost estimate included in the calculation of asset retirement obligations (6)Includes preliminary allocation of assets acquired during 2022 (7)Includes non-cash amounts of $72, $3,052 and $11,132 at December 31, 2024, 2023 and 2022, respectively

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