Outfront Media Inc. (NYSE:OUT) is looking for M&A. Matthew Siegel, Chief Financial Officer said, "Pre-pandemic, our growth wasn't as strong. So we were paying a little bit above our REIT requirement. We think the REIT requirement and our current cash flow is appropriate.

As far as capital allocation besides that, as we talked about, very active on the M&A front. We think with M&A activity and our leverage at the top end of our range or a little less flexibility, share repurchase is not in our current thinking or current thoughts if we ever ran out of ideas on acquisitions or our leverage got too low, kind of sub-4x or closer to 3x, so it's something we would think about. Look, I come from the cable space and that's what they do.

But I think for now, we're focused on our REIT dividend and continuing our acquisitions within our financial envelope".