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Landmark Infrastructure Partners (LMRK)

Landmark Infrastructure Partners LP is a special purpose entity of Landmark. The Company acquires, owns and manages a portfolio of real property interests that are leased to companies in the wireless communication, outdoor advertising and renewable power generation industries.

Company profile

Ticker
LMRK, LMRKN, LMRKO, LMRKP
Exchange
CEO
Arthur Brazy
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
2019-1 Co-Guarantor LLC • 2019-1 TRS LLC • Beam Sign Pty Ltd • Big Bertha Pty Ltd • BF – LMRK JV LLC • Landmark Acquisitions ULC • Landmark Canada Holding Company Ltd. • Landmark Infrastructure Asset OpCo II LLC • Landmark Infrastructure Asset OpCo LLC • Landmark Infrastructure Energy Canada Inc. ...

LMRK stock data

Calendar

5 Nov 21
24 Sep 22
31 Dec 22
Quarter (USD) Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 14.36M 14.36M 14.36M 14.36M 14.36M 14.36M
Cash burn (monthly) 168.67K (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 2M n/a n/a n/a n/a n/a
Cash remaining 12.37M n/a n/a n/a n/a n/a
Runway (months of cash) 73.3 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Dec 21 George P Doyle Common Units (Limited Partnership Interests) Sale back to company Dispose D No No 16.5 19,439 320.74K 0
22 Dec 21 Keith Benson Common Units (Limited Partnership Interests) Sale back to company Dispose D No No 16.5 10,195 168.22K 0
22 Dec 21 Tywoniuk Gerald A Common Units (Limited Partnership Interests) Sale back to company Dispose D Yes No 16.5 7,994 131.9K 0
22 Dec 21 Tywoniuk Gerald A Common Units (Limited Partnership Interests) Sale back to company Dispose D No No 16.5 11,377 187.72K 0
22 Dec 21 Daniel R Parsons Common Units (Limited Partnership Interests) Sale back to company Dispose D No No 16.5 5,297 87.4K 0
22 Dec 21 Arthur P Brazy JR Common Units (Limited Partnership Interests) Sale back to company Dispose D Yes No 16.5 5,000 82.5K 0
22 Dec 21 Arthur P Brazy JR Common Units (Limited Partnership Interests) Sale back to company Dispose D No No 16.5 175,872 2.9M 0
6.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 4 20 -80.0%
Opened positions 1 19 -94.7%
Closed positions 17 3 +466.7%
Increased positions 1 0 NEW
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 28.07M 41.69M -32.7%
Total shares 1.75M 5.97M -70.6%
Total puts 0 14.4K EXIT
Total calls 39.3K 0 NEW
Total put/call ratio Infinity
Largest owners Shares Value Change
Beryl Capital Management 1.62M $26.48M NEW
CPWM 97.33K $1.59M 0.0%
Simplex Trading 29.6K $0 +1347.4%
Huntington National Bank 1 $0 0.0%
Landmark Dividend 0 $0 EXIT
Largest transactions Shares Bought/sold Change
Landmark Dividend 0 -3.42M EXIT
Beryl Capital Management 1.62M +1.62M NEW
Vivaldi Asset Management 0 -801.64K EXIT
BCS Barclays 0 -513.14K EXIT
GS Goldman Sachs 0 -291.23K EXIT
Schroder Investment Management 0 -243.57K EXIT
Dupont Capital Management 0 -148.99K EXIT
Parallel Advisors 0 -136.52K EXIT
Janney Montgomery Scott 0 -117.16K EXIT
JPM JPMorgan Chase & Co. 0 -68.41K EXIT

Financial report summary

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Management Discussion
  • Our results of operations for all periods presented were affected by asset sales in 2020, and acquisitions made during the year ended December 31, 2020. As of September 30, 2021 and 2020, we had 2,136 and 1,952 available tenant sites with 2,028 and 1,841 leased tenant sites, respectively.
  • Rental revenue increased $3.2 million during the three months ended September 30, 2021 primarily due to the full year of rental revenue in 2021 for assets acquired at the end of the quarter ended September 30, 2020 and rent escalations. Revenue generated from our wireless communication, digital infrastructure, outdoor advertising and renewable power generation segments was $6.6 million, $4.9 million, $3.8 million and $2.1 million, or 38%, 28%, 22% and 12% of total rental revenue, respectively, during the three months ended September 30, 2021, compared to $6.5 million, $2.1 million, $3.7 million and $2.0 million or 45% , 15% , 26% and 14% of total rental revenue, respectively, during the three months ended September 30, 2020. The occupancy rates in our wireless communication, digital infrastructure, outdoor advertising and renewable power generation segments were 93%, 100%, 97% and 100%, respectively, at September 30, 2021 compared to 92%, 100%, 97% and 100%, respectively, at September 30, 2020. Additionally, our effective monthly rental rates per tenant site for wireless communication, digital infrastructure, outdoor advertising and renewable power generation segments were $2,080, $116,439, $1,954 and $9,767 respectively, during the three months ended September 30, 2021 compared to $2,022, $73,030, $1,789 and $9,474, respectively, during the three months ended September 30, 2020.
  • Property operating expenses increased $0.8 million during the three months ended September 30, 2021 compared to the three months ended September 30, 2020, primarily due to an increase in property taxes and other operating expenses for tenant sites acquired subsequent to September 30, 2021 and operating expenses on development assets placed into service. Substantially all of our tenant sites are subject to triple net or effectively triple net lease arrangements, which require the tenant or the underlying property owner to pay all utilities, property taxes, insurance and repair and maintenance costs. As we deploy our smart enabled infrastructure solution and other projects, we may incur additional operating expenses associated with ground lease payments and other operating expenses.

Content analysis

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New words: advisory, lost, vote