Landmark Infrastructure Partners (LMRK) Tops Q4 EPS by 1c
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Landmark Infrastructure Partners LP Reports Fourth Quarter and Full Year 2015 Results; Provides 10% to 15% Distribution Growth Guidance for 2016
February 16, 2016 6:00 AM ESTEL SEGUNDO, Calif., Feb. 16, 2016 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the Partnership, we, us or our) (Nasdaq: LMRK) today announced fourth quarter and full year 2015 financial results.
Highlights:
Increased quarterly cash distribution for the fourth consecutive quarter to $0.325 per unit, representing 13.0% distribution growth in 2015;Completed three drop-down acquisitions in Q4 from Landmark Dividend LLC (Landmark), or an affiliate of Landmark, bringing the total number of acquired tenant sites for the year to 761 sites for total consideration of approximately $268 million;Provides 2016 guidance, which includes distribution growth guidance of 10% to... More