Landmark Infrastructure Partners (LMRK) Tops Q4 EPS by 1c

Landmark Infrastructure Partners (NASDAQ: LMRK) reported Q4 EPS of $0.17, $0.01 better than the analyst estimate of $0.16. Revenue for the quarter came in at $7.54 million versus the consensus estimate of $6.96 million.

For 2016, the Partnership’s sponsor, Landmark, has expressed its intent to offer us the right to purchase assets ranging from $200 million to $300 million in total. 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 10% to 15% over the fourth quarter 2015 distribution of $0.325 per unit by the fourth quarter 2016 (distribution to be paid in February 2017).

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

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