Welcome to our dedicated page for Boston Omaha Corporation news (Ticker: BOC), a resource for investors and traders seeking the latest updates and insights on Boston Omaha Corporation stock.
Boston Omaha Corporation (BOC) is a dynamic holding company actively engaged in a diverse array of business activities, including advertising, real estate, insurance, and other strategic investments. Under the astute leadership of co-CEOs Alex B. Rozek and Adam K. Peterson, the company's primary mission is to grow book value per share by strategically deploying capital into both existing and new ventures.
Headquartered in the United States, Boston Omaha Corporation's real estate operations are extensive. The company owns and manages numerous billboards in states such as Florida, Georgia, Wisconsin, and Alabama. These outdoor advertising assets generate a steady stream of revenue through the leasing of advertising space.
In addition to its robust advertising business, Boston Omaha has made equity investments in several real estate ventures, broadening its footprint in the industry. The company also has significant interests in the broadband services sector, the insurance industry, and asset management.
Boston Omaha generates revenue from various sources. Outdoor advertising revenue is derived from leasing billboard space, while revenue from its insurance segment comes primarily from commissions on surety bond sales. Broadband services contribute to the revenue stream through internet service contracts, which are recognized on a straight-line basis over the contract term.
The company’s financial condition is solid, with strategic investments across different sectors providing a diversified revenue base. Recent achievements include the expansion of their billboard assets, enhanced insurance product offerings, and increased investment in high-growth real estate markets. Boston Omaha is also exploring new opportunities in the broadband sector to capitalize on the increasing demand for high-speed internet services.
Boston Omaha Corporation is committed to enhancing shareholder value through prudent management and strategic growth initiatives. Its diversified portfolio and strong leadership position it well for sustained growth and profitability in the long term.
Boston Omaha Corporation (NYSE: BOC) announced its financial results for the fiscal year ended
Boston Omaha Corporation (NYSE: BOC) has scheduled its 2023 Annual Meeting of Stockholders on May 8, 2023, at the Durham Museum in Omaha, Nebraska, beginning at 9:00 a.m. Central Time. Notably, this year's meeting is over 30 days before the anniversary of the 2022 meeting, prompting a revised deadline for stockholder proposals and director nominations, which is now March 1, 2023. Proposals must comply with SEC regulations and the company's bylaws. Boston Omaha operates in sectors including outdoor advertising, surety insurance, broadband telecommunications, and asset management.
Boston Omaha Asset Management (BOAM) has expanded its team to further grow its investment management business in 2023, particularly in the build-for-rent sector. New leadership includes Brendan Keating as co-Managing Partner alongside Adam Peterson and Alex Rozek. BOAM has also appointed Mark Burgers as COO, Jessica Hayes as Chief Compliance Officer, and Christian Silva as an Associate. These strategic hires aim to strengthen operations and enhance investor relations, supporting the company in launching new funds and managing existing assets.
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