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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Overall Score: 6.3

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 19, 2019


Open Price: $15.62
Closing Price: $15.66
Price Change: -0.04 (-0.255%)
Lowest Price: $15.55
Highest Price: $15.849

52-Week Low: $10.31
52-Week High: $18.45
52-Week Change: 20.12%

5 Day Price Change: 0.97%
1 Month Price Change: -12.05%
3 Month Price Change: -2.73%
6 Month Price Change: N/A
YTD Price Change: 28.37%
1 Year Price Change: 20.12%
2 Year Price Change: -6.69%
5 Year Price Change: -16.26%

Dividend of Trading Day November 19, 2019


Dividend Yield: 2.347%*
Annualized Dividend: $0.3675*
Dividend Yield (TTM): 9.363%
Annualized Dividend (TTM): $1.47
Ex Dividend Date: 2019-11-01
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 November 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): $774,271,230
Enterprise Value to Revenue (EV/R): 12.19
Price to Sales (P/S): 6.35
Price to Book (P/B): 0.73
Peg Ratio: -0.79
P/E Ratio: 77.41
P/E High: 92.25
P/E Low: 51.55
Forward P/E Ratio: 28.93
Market Capitalization: $397,027,980
Beta: 0.48
Latest Volume: 60,039.00
Avg. Total Volume: 95,946
Avg. 10 Volume: 147,264.80
Avg. 30 Volume: 95,945.83
TTM EPS: 0.20
TTM Dividend Rate: 1.47
Shares Outstanding: 25,353,000
Float: 21,608,615.43
50-Day Moving Avg.: 17.21
200-Day Moving Avg.: 16.09

Latest REIT Community Comments on #LMRK


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Properties Owned by LMRK


Properties owned:
366000
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.


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 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 10,337,000 16,134,000 11,028,000 7,780,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 62,524,000 63,211,000 66,565,000 70,260,000
Property, Plant & Equipment Net 0 8,130,000 0 0
Goodwill 16,104,000 0 0 0
Intangible Assets 3,365,000 20,133,000 20,485,000 20,839,000
Other Assets 18,713,000 17,780,000 42,763,000 22,241,000
Net Tangible Assets 488,825,000 515,432,000 518,487,000 522,000,000
Total Assets 804,006,000 803,201,000 799,114,000 786,613,000
Accounts Payable 0 0 0 0
Liabilities (Other) 27,159,000 25,805,000 28,514,000 22,943,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 2,834,000 5,052,000 6,845,000 8,206,000
Long-term Debt 402,090,000 390,956,000 380,907,000 370,479,000
Total Liabilities 432,083,000 421,813,000 416,266,000 401,628,000
Minority Interest 204,000 205,000 205,000 204,000
Common Stock 25,353,140 402,369,000 405,731,000 411,158,000
Retained Earnings 0 0 0 0
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 535,092,000 545,684,000 548,475,000 551,803,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 14,186,000 14,825,000 14,169,000 14,496,000
Cost of Revenue 3,614,000 3,661,000 3,958,000 3,658,000
Gross Profit 10,572,000 11,164,000 10,211,000 10,838,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 4,902,000 5,164,000 5,436,000 4,866,000
Operating Income 6,977,000 5,280,000 5,844,000 2,614,000
Income Expense Net (Other) -2,763,000 7,270,000 1,488,000 -5,222,000
EBIT 6,977,000 5,280,000 5,844,000 2,614,000
Interest Income 4,259,000 4,692,000 4,488,000 4,687,000
Pretax Income 4,214,000 12,550,000 7,332,000 -2,608,000
Income Tax 228,000 3,285,000 122,000 -436,000
Minority Interest 204,000 205,000 205,000 204,000
Net Income 3,686,000 8,966,000 6,649,000 -2,376,000
Net Income Basic 701,000 5,945,000 3,755,000 -5,264,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 3,686,000 8,966,000 6,649,000 -2,376,000
Depreciation 3,179,000 3,242,000 3,293,000 3,386,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -5,797,000 5,106,000 3,248,000 -5,332,000
Cash Flow 5,071,000 8,716,000 8,167,000 187,000
Capital Expenditures 0 0 0 0
Investments -8,325,000 5,088,000 -2,120,000 -1,693,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -8,169,000 5,212,000 -1,970,000 -1,500,000
Dividends Paid -12,290,000 -12,256,000 -12,231,000 -12,183,000
Net Borrowings 7,573,000 -413,000 8,511,000 8,192,000
Cash Flow Financing -2,686,000 -8,786,000 -2,964,000 -3,935,000
Financing Cash Flows (Other) 1,128,000 985,000 756,000 282,000
Exchange Rate Effect -13,000 -36,000 15,000 -84,000

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.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
Rating AFFO & Efficiency Section Avg. Rating
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.0
Rating Leverage Section Avg. Rating
2 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
0 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
4 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
6.3 Overall REITRating™ Score 6.5

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.

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