Landmark Infrastructure Partners (LMRK) Posts Q1 GAAP Loss of 3c/Share
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Landmark Infrastructure Partners LP Reports First Quarter 2016 Results; Adjusted EBITDA Increases 112% Year over Year
May 5, 2016 7:01 AM EDTEL SEGUNDO, Calif., May 05, 2016 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the Partnership, we, us or our) (Nasdaq: LMRK) today announced first quarter financial results.
Highlights:
Increased quarterly cash distribution for the fifth consecutive quarter to $0.33 per common unit, representing 10.9% distribution growth year-over-year;Launched our Unit Exchange Program (UEP) and closed our first acquisition in exchange for Partnership common units;Issued 800,000 units of 8.00% Series A cumulative redeemable perpetual preferred units;Q1 2016 Adjusted EBITDA of $7.2 million, a 112% increase year-over-year;Q1 2016 distributable cash flow of $5.1 million, a... More