Landmark Infrastructure Partners (LMRK) Reports Q1 Loss of $0.37/Share

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Landmark Infrastructure Partners LP Reports First Quarter 2015 Financial Results

May 7, 2015 6:30 AM EDT

EL SEGUNDO, Calif., May 7, 2015 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the "Partnership," "we," "us" or "our") (Nasdaq: LMRK) today announced first quarter financial results.

Highlights:

Acquired assets from its sponsor, Landmark Dividend LLC ("Landmark"), with combined annual rents of approximately $2.8 million for total consideration of $47.3 million Generated Adjusted EBITDA of $3.4 million and distributable cash flow of $2.5 million Increased quarterly distribution per unit for the first quarter by 3.5% over the minimum quarterly distribution ("MQD") to $0.2975 per unit

First Quarter 2015 Results

For the quarter ended March 31,... More