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Landmark Infrastructure Partners LP announced the availability of its 2021 Schedule K-3, which details international tax items relevant for unitholders. This schedule is crucial for unitholders, particularly foreign entities, for accurate federal income tax reporting. Unitholders can access their Schedule K-3 online or request an electronic copy via email by contacting Tax Package Support. The press release encourages consultation with tax advisors for specific reporting requirements concerning the Schedule K-3.
Landmark Infrastructure Partners LP has announced that a majority of its common unit holders approved its acquisition by Landmark Dividend LLC at a special meeting on December 9, 2021. This acquisition, priced at $16.50 per common unit, represents a 38% premium compared to the unaffected unit price prior to the initial proposal. The transaction is slated to close by year-end 2021, pending customary conditions. Landmark's CEO expressed gratitude for unitholders' support, emphasizing the milestone this acquisition represents.
Landmark Infrastructure Partners LP (LMRK) announced its third quarter results, reporting rental revenue of $17.4 million, a 22% year-over-year increase. The Partnership experienced a net loss of $0.04 per diluted unit, with Funds From Operations (FFO) at $0.19 per diluted unit. Adjusted FFO (AFFO) reached $0.37, a 19% increase year-over-year. The Partnership is set to be acquired by Landmark Dividend LLC for $16.50 per common unit. Additionally, a quarterly distribution of $0.20 per common unit was declared. As of September 30, 2021, the Partnership had $223.2 million in outstanding borrowings.
Landmark Infrastructure Partners LP (LMRK) announced a cash distribution of $0.20 per common unit for Q3 2021, payable on November 12, 2021. This equates to an annualized rate of $0.80 per unit. The Partnership will release its earnings results on November 5, 2021, followed by a management conference call at 12:00 p.m. ET. The distribution consists entirely of U.S. Dividend Income from REIT, with no effectively connected income reported. Investors are advised to review risk factors in the accompanying documents.
Landmark Infrastructure Partners LP (NASDAQ: LMRK) announced a quarterly cash distribution for its Series B Preferred Units of $0.49375, and Series C Preferred Units at $0.4375. These distributions will be payable on November 15, 2021, to unitholders of record as of November 1, 2021. The Series C distribution is calculated based on a minimum rate of 7.00% or a floating rate linked to the three-month LIBOR. The Partnership continues to manage a diverse portfolio in wireless communication, digital infrastructure, and renewable power.
Landmark Infrastructure Partners LP (NASDAQ: LMRK) announced a quarterly cash distribution of $0.500 for its Series A Preferred Units. This distribution, representing an 8.00% yield, is payable on October 15, 2021, to unitholders of record as of October 1, 2021. The Partnership focuses on leasing real property interests in the wireless communication, digital infrastructure, outdoor advertising, and renewable power generation sectors. Importantly, the Partnership's distributions are considered U.S. dividend income from a REIT, with no portion attributable to effectively connected income.
Landmark Infrastructure Partners LP has announced its acquisition by Landmark Dividend LLC for $16.50 per unit, providing a 38% premium over the unit price prior to the acquisition announcement. The agreement was approved by the Conflicts Committee and the full Board of Directors, emphasizing that the deal is in the best interest of unitholders. Landmark Dividend will not consider third-party offers. The transaction is fully financed and expected to close in 2021, pending approval from the majority of Landmark's common unit holders.
Landmark Infrastructure Partners LP (Nasdaq: LMRK) reported a strong second quarter with rental revenue of $17.6 million, reflecting a 27% year-over-year increase. Net income attributable to unitholders was $0.09 per diluted unit, down from $0.61 in Q2 2020 due to past discontinued operations. However, Funds from Operations (FFO) rose to $0.35 per diluted unit, and Adjusted FFO (AFFO) increased 15% to $0.38. A quarterly distribution of $0.20 per common unit was declared. The Partnership maintained $223.2 million in borrowings as of June 30, 2021.
Melody Investment Advisors LP has proposed to acquire 100% of the assets owned by Landmark Infrastructure Partners LP (LMRK) at $16.25 per common unit, offering a 25% premium over Digital Colony's proposal and a 20% premium over Verde's. The proposal highlights Melody's financial strength and commitment to a swift transaction, asserting it offers greater value and certainty compared to other bids. Melody calls for discussions with Landmark's Conflicts Committee, confident that most unaffiliated unitholders will find their offer compelling.
Landmark Infrastructure Partners LP (NASDAQ: LMRK) declared a cash distribution of $0.20 per common unit, equating to $0.80 annually, for the quarter ending June 30, 2021. This distribution is scheduled for payment on August 13, 2021, to shareholders recorded by August 3, 2021. Earnings results are anticipated to be released before market opening on August 4, 2021, followed by a conference call at 12 PM ET to discuss the results, although no Q&A session will be included.
