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Landmark Infrastructure Partners LP (LMRKN)

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Previous Close24.80
Open24.80
Bid24.72 x 800
Ask24.80 x 1000
Day's Range24.75 - 24.80
52 Week Range12.23 - 26.58
Volume908
Avg. Volume5,126
Market Cap421.481M
Beta (5Y Monthly)N/A
PE Ratio (TTM)5.39
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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    • GlobeNewswire

      Landmark Infrastructure Partners LP Announces Completion of Digital Infrastructure Acquisitions

      Landmark Infrastructure Partners LP (the “Partnership” or “Landmark”) (NASDAQ: LMRK) announced today that it has acquired data center sites in the greater Toronto, Ontario and Atlanta, Georgia areas from Sungard Availability Services (“Sungard AS”), a leading provider of cloud connected infrastructure solutions. Landmark is leasing the acquired data center sites back to Sungard AS in their entirety, which combined totals approximately 215,000 square feet and approximately 4 megawatts of critical capacity. The acquisitions were funded by borrowings from the Partnership’s existing revolving credit facility and are expected to be immediately accretive to Landmark’s adjusted funds from operations (“AFFO”).

    • GlobeNewswire

      Landmark Infrastructure Partners LP Announces Completion of $52.5 Million Digital Infrastructure Acquisition

      EL SEGUNDO, Calif., Sept. 28, 2020 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the “Partnership” or “Landmark”) (NASDAQ: LMRK) announced today that it has completed the acquisition of a data center portfolio in the Midwest from a market leader in web hosting and managed cloud services.   The portfolio includes three data center sites totaling approximately 138,000 square feet and a 5.2 megawatt critical capacity that are fully occupied by the tenant under a 15 year net lease.   The acquisition was funded by borrowings from the Partnership’s existing revolving credit facility and is expected to be immediately accretive to Landmark’s adjusted funds from operations (“AFFO”). “We are extremely pleased to announce this acquisition from a national market leader in its industries,” said Tim Brazy, Chief Executive Officer of the Partnership’s general partner. “We believe our Sponsor has built a best-in-class digital infrastructure platform and that effort should continue to benefit the Partnership as it grows its data center portfolio. This purchase represents a partial redeployment of the capital from the recent sale of our European outdoor advertising portfolio and we will continue to look for attractive acquisition opportunities going forward.”CBRE’s Jordan Thompson and David Saad represented the seller in the transaction.About Landmark Infrastructure Partners LPThe 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, renewable power generation and digital infrastructure industries. Cautionary Note Regarding Forward Looking Statements Disclosures in this press release contain certain forward-looking statements within the meaning of the federal securities laws. Statements that do not relate strictly to historical or current facts are forward-looking. These statements contain words such as “believe,” “possible,” “if,” “will,” “expect” and “assuming” and involve risks and uncertainties including, those related to the acquisition of our new data center portfolio, the integration of these assets into our existing asset pool and the benefits of the acquisition to our AFFO. Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2019, as supplemented by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC. Any forward-looking statements in this press release are made as of the date of this press release and the Partnership undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or of which the Partnership becomes aware, after the date hereof, unless required by law. CONTACT:        Marcelo Choi  Vice President,  (213) 788-4528  ir@landmarkmlp.com

    • GlobeNewswire

      Landmark Infrastructure Partners LP Announces Cash Distribution for its 8.00% Series A Preferred Units

      EL SEGUNDO, Calif., Sept. 18, 2020 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the “Partnership”) (NASDAQ: LMRK) announced today that the board of directors of its general partner declared a quarterly cash distribution for its 8.00% Series A Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (NASDAQ: LMRKP) of $0.500 per Series A Preferred Unit, payable on October 15, 2020, to Series A Preferred Unitholders of record as of October 1, 2020. 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, renewable power generation and digital infrastructure industries. Notice This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d).  Please note that we believe that zero percent of the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business, and we believe that 100 percent is attributable to dividend income from a real estate investment trust subject to withholding under Internal Revenue Code Section 1441.  Nominees, and not the Partnership, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.The distribution consists of the following components:Series A Preferred Units Effectively Connected Income   $0.000   U.S. Dividend Income from REIT   $0.500   Cautionary Note Regarding Forward Looking Statements Disclosures in this press release contain certain forward-looking statements within the meaning of the federal securities laws.  Statements that do not relate strictly to historical or current facts are forward-looking.  These statements contain words such as “possible,” “if,” “will,” “expect” and “assuming” and involve risks and uncertainties including, among others that our business plans may change as circumstances warrant.  Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results.  For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2019, as supplemented by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC.  Any forward-looking statements in this press release are made as of the date of this press release and the Partnership undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or of which the Partnership becomes aware, after the date hereof, unless required by law.CONTACT: Marcelo Choi  Vice President, Investor Relations  (213) 788-4528  ir@landmarkmlp.com