Landmark Infrastructure Partners (LMRK) Posts Q2 GAAP Loss of 2c/Share
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August 2, 2016 7:01 AM EDT
EL SEGUNDO, Calif., Aug. 02, 2016 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the Partnership, we, us or our) (Nasdaq: LMRK) today announced its second quarter 2016 financial results.
Highlights:
Reported Q2 2016 revenue of $7.8 million, a 77% increase year-over-year;Reported Q2 2016 net loss of $0.4 million, EBITDA of $4.6 million, and Adjusted EBITDA of $7.2 million, an 81% increase in Adjusted EBITDA year-over-year;Reported Q2 2016 distributable cash flow of $4.7 million, a 58% increase year-over-year;On August 1, the Partnership acquired a portfolio of 59 tenant sites from its sponsor, Landmark Dividend LLC (Landmark), for total...
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August 2, 2016 6:55 AM EDT
EL SEGUNDO, Calif., Aug. 02, 2016 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the Partnership) (NASDAQ: LMRK) today announced that it has acquired 59 tenant sites located in 21 states from its sponsor, Landmark Dividend LLC (Landmark), for total consideration of $24.4 million. This acquisition is expected to be immediately accretive to the Partnerships distributable cash flow.
The Chief Executive Officer of the Partnerships general partner, Tim Brazy, said, We are excited to announce our latest drop-down acquisition from our Sponsor. Â Since our initial public offering in November 2014, we have acquired over 820 tenant sites for total consideration... More
