OUTFRONT Media Inc. OUT delivered fourth-quarter 2021 adjusted funds from operations (AFFO) per share of 65 cents, surpassing the Zacks Consensus Estimate of 55 cents. In the prior-year quarter, the company reported an AFFO per share of 35 cents.Quarterly revenues of $464.5 million outpaced the Zacks Consensus Estimate of $444.7 million. The revenue figure jumped 38.3% year over year.The company’s fourth-quarter results reflect a rise in revenues, partially offset by higher operating expenses.In 2021, AFFO per share was $1.40, surpassing the Zacks Consensus Estimate of $1.19. The figure represents a significant rise from 67 cents per share recorded in 2020. Full-year revenues were $1.46 billion, up 18.4% year over year. The reported figure surpassed the Zacks Consensus Estimate of $1.44 billion.Quarter in DetailBillboard revenues were $3354 million, marking year-over-year growth of 26.7%. The upside resulted from higher average revenues per display (referred to as yield) as compared to the year-ago quarter.Transit and other revenues of $110.5 million surged 95.6% year over year. The upswing mainly resulted from the increase in yield compared with the prior-year period.OUTFRONT Media reported an operating income of $105.2 million in the fourth quarter compared with $39.5 million posted in the year-earlier quarter.Operating expenses of $217 million were up 23.2% year over year. The rise was primarily due to higher transit franchise expenses and variable costs associated with higher billboard revenues.Balance SheetNet cash flow provided by operating activities for the year ended Dec 31, 2021, was $98.8 million, down 24.3% year over year. This was due to an increase in accounts receivables and prepaid MTA equipment deployment costs, partly offset by an increase in accrued expenses and a fall in prepaid expenses.As of Dec 31, 2021, OUTFRONT Media’s liquidity position comprised unrestricted cash of $424.8 million and $495.9 million of availability under its $500-MILLION revolving credit facility, net of $4.1 million of issued letters of credit. In the quarter under review, the company sold no shares under its at-the-market (ATM) equity program and had $232.5 million available under the ATM program at the quarter’s end.Dividend UpdateConcurrently, OUTFRONT Media announced its common stock quarterly cash dividend of 30 cents per share. The dividend will be paid out on Mar 31 to its shareholders of record at closing on Mar 4.OUTFRONT Media Inc. Price, Consensus and EPS Surprise OUTFRONT Media Inc. price-consensus-eps-surprise-chart | OUTFRONT Media Inc. QuoteCurrently, OUTFRONT Media sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Performance of Other REITsBoston Properties Inc.’s BXP fourth-quarter 2021 funds from operations per share of $1.55 surpassed the Zacks Consensus Estimate of $1.52. The figure compared favorably with the year-ago quarter’s $1.37.BXP’s quarterly figure exceeded the mid-point of its fourth-quarter guidance by 5 cents, reflecting an improved portfolio performance. Boston Properties also experienced strong leasing activity in the quarter.Highwoods Properties, Inc.’s HIW fourth-quarter 2021 funds from operations per share of $1.06 surpassed the Zacks Consensus Estimate of 97 cents. Rental and other revenues of $203.2 million outpaced the Zacks Consensus Estimate of $192.7 million.Decent leasing activity and improvement in same-property cash net operating income growth aided Highwoods Properties. While FFO per share increased 21.8% from 87 cents year over year, rental and other revenues climbed 12.9%.Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Highwoods Properties, Inc. (HIW): Free Stock Analysis Report Boston Properties, Inc. (BXP): Free Stock Analysis Report OUTFRONT Media Inc. (OUT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research