Landmark Infrastructure Partners (LMRK) Misses Q3 EPS by 19c

Landmark Infrastructure Partners (NASDAQ: LMRK) reported Q3 EPS of ($0.06), $0.19 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $6.25 billion versus the consensus estimate of $5.6 billion.

The Partnership’s sponsor, Landmark, has previously expressed its intent to offer us the right to purchase assets with annual rents ranging from $15.0 million to $18.0 million over a 12-month period beginning February 26, 2015. These drop-downs, combined with organic portfolio growth expected from contractual rent escalators, leasing activity and revenue sharing arrangements, are expected to drive distribution growth of 12% to 15% over the MQD of $0.2875 per unit ($1.15 per unit on an annualized basis) by the end of 2015.

For earnings history and earnings-related data on Landmark Infrastructure Partners (LMRK) click here.

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