Landmark Infrastructure Partners LP

Symbol: LMRK
Exchange: NASDAQ
Founded: 2014 (5 years)
HQ: El Segundo, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Infrastructure
Externally Managed REIT

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See LMRK on SEC.gov

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 N/A   Dividend Section Rating

Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.5
2 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.5
N/A Dividend to Payout Ratio Health: Analysis of the REIT’s Dividend to Payout Ratios during the last four quarters. 6.9
N/A Dividend to Payout Ratio Trend: Analysis of the REIT’s Dividend to Payout Ratios trend during the last two years. 5.8
N/A Trend: Analysis of the REIT’s trend during the last two years. 7.0

 7.3   Leverage Section Rating

Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.6
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.3
5 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
4 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.0
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.3
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1
7.3 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.5

 9.0   Asset & Revenue Section Rating

Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.9
10 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.7
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
9.0 Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. 7.2


REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Stock Chart

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Hightlights of Trading Day July 19, 2019


Open Price: $16.68
Closing Price: $16.78
Price Change: 0.24 (1.451%)
Lowest Price: $16.596
Highest Price: $17

52-Week Low: $10.31
52-Week High: $17.37
52-Week Change: 20.72%

5 Day Price Change: -1.20%
1 Month Price Change: 2.23%
3 Month Price Change: 0.36%
6 Month Price Change: 13.68%
YTD Price Change: 35.24%
1 Year Price Change: 18.99%
2 Year Price Change: -4.14%
5 Year Price Change: -21.16%

See historical stock prices for LMRK

Dividend of Trading Day July 19, 2019

See complete list of dividend paymemts for LMRK

Dividend Yield: 8.76%*
Annualized Dividend: $1.47*
Dividend Yield (TTM): 8.76%
Annualized Dividend (TTM): $1.47
Ex Dividend Date: 2019-04-30
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Key Stats of Trading Day July 19, 2019


Total Cash: $7,780,000
Current Debt: $8,206,000
Revenue: $63,539,000
Gross Profit: $47,466,000
Total Revenue: $63,539,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $55,384,000
Revenue Per Share: $3
Revenue Per Employee: $1,815,400
Employee: 35
Debt to Equity Ratio (D/E): 0.69
Profit Margin: 1.81%
Enterprise Value (EV): $791,897,000
Enterprise Value to Revenue (EV/R): 12.46
Price to Sales (P/S): 6.63
Price to Book (P/B): 0.77
Peg Ratio: -0.19
P/E Ratio: 4.07
P/E High: 4.51
P/E Low: 2.73
Forward P/E Ratio: 32.82
Market Capitalization: $424,534,000
Beta: 0.28
Latest Volume: 56,650.00
Avg. Total Volume: 85,060
Avg. 10 Volume: 84,342.20
Avg. 30 Volume: 85,059.63
TTM EPS: 4.12
TTM Dividend Rate: 1.47
Shares Outstanding: 25,300,000
Float: N/A
50-Day Moving Avg.: 16.01
200-Day Moving Avg.: 14.76

Properties Owned by LMRK


Types:
3
States:
50
Countries:
2
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
LMRK Sample Property
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by LMRK, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience. See complete list of dividend payments for LMRK.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Total Assets 799,114,000.00 786,613,000.00 787,673,000.00 862,836,000.00
Cash and Equivalents 11,028,000.00 7,780,000.00 13,112,000.00 16,345,000.00
Investments 76,176,000.00 88,608,000.00 93,000,000.00 27,694,000.00
Investments Current 0.00 0.00 0.00 0.00
Investments Non-Current 0.00 0.00 0.00 0.00
Deferred Revenue 0.00 0.00 0.00 0.00
Deposit Liabilities 0.00 0.00 0.00 0.00
Property, Plant & Equipment Net 643,125,000.00 636,212,000.00 636,522,000.00 772,002,000.00
Inventory 0.00 0.00 0.00 0.00
Tax Assets 0.00 0.00 0.00 0.00
Trade and Non-Trade Receivables 13,032,000.00 10,933,000.00 9,550,000.00 8,088,000.00
Trade and Non-Trade Payables 5,173,000.00 7,435,000.00 7,312,000.00 12,039,000.00
Goodwill and Intangible Assets 20,485,000.00 20,839,000.00 21,474,000.00 23,627,000.00
Total Liabilities 416,266,000.00 401,628,000.00 389,218,000.00 558,304,000.00
Shareholders Equity 334,983,000.00 337,476,000.00 350,720,000.00 256,797,000.00
Accumulated Retained Earnings (Deficit) 0.00 0.00 0.00 0.00
Accumulated Other Comprehensive Income -1,063,000.00 -2,806,000.00 -1,349,000.00 -314,000.00
Current Assets 0.00 0.00 0.00 0.00
Assets Non-Current 0.00 0.00 0.00 0.00
Current Liabilities 0.00 0.00 0.00 0.00
Liabilities Non-Current 0.00 0.00 0.00 0.00
Tax Liabilities 0.00 0.00 0.00 0.00
Total Debt 387,752,000.00 378,685,000.00 366,229,000.00 526,223,000.00
Debt Current 0.00 0.00 0.00 0.00
Debt Non-Current 0.00 0.00 0.00 0.00

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Revenues 14,393,000.00 14,714,000.00 17,560,000.00 16,796,000.00
Cost of Revenue 665,000.00 272,000.00 360,000.00 229,000.00
Selling, General and Administrative Expense 1,478,000.00 1,208,000.00 735,000.00 1,089,000.00
Research and Development Expense 0.00 0.00 0.00 0.00
Operating Expenses 5,326,000.00 8,209,000.00 5,993,000.00 5,621,000.00
Interest Expense 4,488,000.00 4,687,000.00 6,906,000.00 6,408,000.00
Income Tax Expense 122,000.00 -436,000.00 460,000.00 127,000.00
Net Income from Discontinued Operations 0.00 0.00 0.00 0.00
Consolidated Income 7,210,000.00 -2,172,000.00 105,147,000.00 6,105,000.00
Net Income to Non-Controlling Interests 8,000.00 7,000.00 8,000.00 8,000.00
Net Income 7,202,000.00 -2,179,000.00 105,139,000.00 6,097,000.00
Preferred Dividends Income Statement Impact 3,447,000.00 3,085,000.00 3,065,000.00 3,125,000.00
Net Income Common Stock 7,202,000.00 -2,179,000.00 105,139,000.00 6,097,000.00
Earnings per Basic Share 0.15 -0.26 4.06 0.12
Earnings per Diluted Share 0.15 -0.21 3.71 0.12
Weighted Average Shares 25,338,000.00 25,286,000.00 25,138,000.00 25,058,000.00
Weighted Average Shares Diluted 25,338,000.00 27,891,000.00 27,741,000.00 25,058,000.00

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Capital Expenditure -2,120,000.00 -1,693,000.00 37,085,000.00 -39,793,000.00
Net Cash Flow - Business Acquisitions and Disposals 0.00 0.00 0.00 0.00
Net Cash Flow - Investment Acquisitions and Disposals 150,000.00 193,000.00 307,000.00 309,000.00
Net Cash Flow from Financing -2,964,000.00 -3,935,000.00 -50,308,000.00 32,089,000.00
Issuance (Repayment) of Debt Securities 8,639,000.00 12,087,000.00 -38,575,000.00 1,177,000.00
Issuance (Purchase) of Equity Shares 0.00 0.00 0.00 0.00
Payment of Dividends & Other Cash Distributions -9,312,000.00 -9,285,000.00 -9,432,000.00 -9,383,000.00
Net Cash Flow from Investing -1,970,000.00 -1,500,000.00 37,392,000.00 -39,484,000.00
Net Cash Flow from Operations 8,167,000.00 187,000.00 9,503,000.00 9,886,000.00
Effect of Exchange Rate Changes on Cash 15,000.00 -84,000.00 180,000.00 -268,000.00
Net Cash Flow / Change in Cash & Cash Equivalents 3,248,000.00 -5,332,000.00 -3,233,000.00 2,223,000.00
Share Based Compensation 130,000.00 0.00 0.00 0.00
Depreciation, Amortization & Accretion 3,517,000.00 3,604,000.00 4,293,000.00 4,233,000.00

About Landmark Infrastructure Partners LP


The Partnership owns and manages a portfolio of real property interests and infrastructure assets that the Partnership leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. Headquartered in El Segundo, California, the Partnership’s assets include long-term and perpetual easements, tenant lease assignments and fee simple properties, primarily located in the United States.

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