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Landmark Infrastructure Partners LP (NASDAQ: LMRK) has declared a quarterly cash distribution of $0.500 per Series A Cumulative Redeemable Perpetual Preferred Unit, payable on January 15, 2021, to unitholders on record as of January 4, 2021. The partnership manages a portfolio of real property and infrastructure assets leased to companies in various industries including wireless communication and renewable power generation. It emphasizes that distributions to foreign investors are primarily dividend income from a REIT, subject to U.S. tax withholding.
Landmark Infrastructure Partners LP (Nasdaq: LMRK) announced its third quarter financial results for 2020, reporting a 10% increase in rental revenue to $14.2 million. The net income attributable to common unitholders was $0.10 per diluted unit. For the nine-month period, rental revenue reached $41.9 million, up from $39.8 million in 2019. The company acquired 14 assets for approximately $133 million year-to-date. A cash distribution of $0.20 per common unit was declared. The Partnership maintained $257 million in undrawn borrowing capacity under its credit facility.
Landmark Infrastructure Partners LP (NASDAQ: LMRK) announced a cash distribution of $0.20 per common unit for Q3 2020, equating to $0.80 annually. The distribution is payable on November 13, 2020 to unitholders of record by November 3, 2020. The Partnership will release its Q3 earnings results on November 4, 2020, followed by a conference call at 12:00 p.m. ET.
The distribution comprises $0.00 in effectively connected income and $0.20 in U.S. dividend income from REIT. Forward-looking statements in the release caution against undue reliance.
Landmark Infrastructure Partners LP (NASDAQ: LMRK) announced a quarterly cash distribution of $0.49375 for its Series B Cumulative Redeemable Perpetual Preferred Units, payable on November 16, 2020, to unitholders on record by November 2, 2020. Additionally, a distribution of $0.4375 for the Series C Floating-to-Fixed Rate Cumulative Perpetual Redeemable Convertible Preferred Units will also be paid on November 16, 2020. The distributions for both series are tied to U.S. dividend income from a real estate investment trust.
Landmark Infrastructure Partners LP has acquired data center sites in Toronto and Atlanta from Sungard Availability Services. The acquisition, encompassing approximately 215,000 square feet and 4 megawatts of critical capacity, is financed through borrowings from the Partnership’s existing revolving credit facility. It is expected to be immediately accretive to Landmark's adjusted funds from operations (AFFO). CEO Tim Brazy highlighted the firm's strategy to expand its digital infrastructure portfolio and capitalize on attractive acquisition opportunities.
Landmark Infrastructure Partners LP (NASDAQ: LMRK) has successfully acquired a Midwest data center portfolio, featuring three sites with a total of 138,000 square feet and a critical capacity of 5.2 megawatts. The acquisition, secured through borrowings from the Partnership's revolving credit facility, is anticipated to enhance the Partnership’s adjusted funds from operations (AFFO) immediately. This move follows the sale of their European outdoor advertising portfolio, indicating a strategy of capital redeployment.
Landmark Infrastructure Partners LP (NASDAQ: LMRK) announced the acquisition of a Midwest data center portfolio from a leading web hosting company. The portfolio consists of three fully occupied data centers, totaling 138,000 square feet and 5.2 megawatts of critical capacity, leased under a 15-year net lease. Funding was secured through the Partnership’s revolving credit facility. This acquisition is projected to be immediately accretive to adjusted funds from operations (AFFO) and represents a strategic redeployment of capital from a prior sale.
Landmark Infrastructure Partners LP (NASDAQ: LMRK) announced a quarterly cash distribution of $0.500 per Series A Cumulative Redeemable Perpetual Preferred Unit (NASDAQ: LMRKP), payable on October 15, 2020, to unitholders of record by October 1, 2020. The distribution is entirely attributed to U.S. dividend income from a Real Estate Investment Trust (REIT). The release included forward-looking statements and highlighted that no income is effectively connected to U.S. trade or business for foreign investors. More details are available in the company’s risk factors section in the Annual Report.
Landmark Infrastructure Partners LP (LMRK) reported its second quarter financial results on August 6, 2020, showing a 1% increase in rental revenue year-over-year at $13.8 million. The net income attributable to common unitholders reached $0.61 per diluted unit, a significant rise from $0.23 in 2019. The sale of its European advertising portfolio for £95 million contributed to a gain on asset sales of $15.7 million. A quarterly distribution of $0.20 per common unit was announced, payable on August 14, 2020. With a strong liquidity position, the partnership is cautiously optimistic about future industry recovery.
Landmark Infrastructure Partners LP (NASDAQ: LMRK) has declared a cash distribution of $0.20 per common unit for Q2 2020, equating to $0.80 annually. This distribution will be paid on August 14, 2020, to unitholders on record as of August 4, 2020. The partnership will release its Q2 earnings results on August 6, 2020, followed by a conference call for discussion. The partnership manages infrastructure assets in wireless communication, outdoor advertising, and renewable power sectors.
