Landmark Infrastructure Partners LP Reports Second Quarter Results
Landmark Infrastructure Partners LP - Common Units (LMRK)
Last landmark infrastructure partners lp - common units earnings: 2/27 08:00 am
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Source: GlobeNewswire
EL SEGUNDO, Calif., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (“Landmark,” the “Partnership,” “we,” “us” or “our”) (Nasdaq: LMRK) today announced its second quarter financial results. Highlights Reported rental revenue of $13.8 million, a 1% increase year-over-year;Net income attributable to common unitholders of $0.61 per diluted unit, FFO of $0.19 per diluted unit and AFFO of $0.33 per diluted unit;Completed the sale of European outdoor advertising portfolio for a purchase price of £95 million in June 2020;Completed the initial phase of the Dallas Area Rapid Transit (“DART”) project, with the deployment of more than 70 kiosks; andAnnounced a quarterly distribution of $0.20 per common unit. Discontinued Operations – Sale of European Outdoor Advertising PortfolioOn June 17, 2020, Landmark completed the sale of its interests in the joint venture that held its European outdoor advertising portfolio for a purchase price of £95 million, subject to certain
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