Landmark Infrastructure Partners (LMRK) Misses Q3 EPS by 10c

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Go back to Landmark Infrastructure Partners (LMRK) Misses Q3 EPS by 10c

Landmark Infrastructure Partners LP Reports Third Quarter 2016 Results; Updates 2016 Guidance and Provides Preliminary 2017 Guidance

November 3, 2016 7:01 AM EDT

EL SEGUNDO, Calif., Nov. 03, 2016 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the Partnership, we, us or our) (Nasdaq: LMRK) today announced its third quarter 2016 financial results.

Highlights

Announced a quarterly distribution of $0.3375 per common unit, representing year-over-year distribution growth of 6.3%;Reported Q3 2016 revenue of $8.8 million, a 59% increase year-over-year;Reported Q3 2016 net income of $1.5 million, EBITDA of $7.1 million, and Adjusted EBITDA of $8.3 million, a 65% increase in Adjusted EBITDA year-over-year;Reported Q3 2016 distributable cash flow of $4.6 million, a 22% increase year-over-year;On October 31, the Partnership completed the previously... More