NasdaqGM:LMRK.N

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Landmark Infrastructure Partners

Executive Summary

Landmark Infrastructure Partners LP acquires, develops, owns, and manages a portfolio of real property interests and infrastructure assets in the United States.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has Landmark Infrastructure Partners's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LMRK.N has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

9.6%

LMRK.N

6.7%

US Real Estate

2.9%

US Market


1 Year Return

n/a

LMRK.N

-10.5%

US Real Estate

8.9%

US Market

Return vs Industry: Insufficient data to determine how LMRK.N performed against the US Real Estate industry.

Return vs Market: Insufficient data to determine how LMRK.N performed against the US Market.


Shareholder returns

LMRK.NIndustryMarket
7 Day9.6%6.7%2.9%
30 Day17.5%18.0%10.6%
90 Day3.2%-18.4%5.1%
1 Yearn/a-9.9%-10.5%11.4%8.9%
3 Yearn/a-11.3%-13.3%34.3%25.4%
5 Yearn/a-19.0%-21.4%60.7%42.7%

Price Volatility Vs. Market

How volatile is Landmark Infrastructure Partners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Landmark Infrastructure Partners undervalued compared to its fair value and its price relative to the market?

27.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LMRK.N ($23.5) is trading below our estimate of fair value ($32.19)

Significantly Below Fair Value: LMRK.N is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LMRK.N is good value based on its PE Ratio (3.1x) compared to the Real Estate industry average (25.3x).

PE vs Market: LMRK.N is good value based on its PE Ratio (3.1x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: LMRK.N's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: LMRK.N is good value based on its PB Ratio (0.9x) compared to the US Real Estate industry average (1.5x).

Future Growth

How is Landmark Infrastructure Partners forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-89.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LMRK.N's earnings are forecast to decline over the next 3 years (-89.1% per year).

Earnings vs Market: LMRK.N's earnings are forecast to decline over the next 3 years (-89.1% per year).

High Growth Earnings: LMRK.N's earnings are forecast to decline over the next 3 years.

Revenue vs Market: LMRK.N's revenue (10.7% per year) is forecast to grow faster than the US market (7.5% per year).

High Growth Revenue: LMRK.N's revenue (10.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if LMRK.N's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Landmark Infrastructure Partners performed over the past 5 years?

79.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: Insufficient data to determine if LMRK.N has high quality earnings.

Growing Profit Margin: Insufficient data to determine if LMRK.N's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: LMRK.N's earnings have grown significantly by 79.3% per year over the past 5 years.

Accelerating Growth: LMRK.N's earnings growth over the past year (839.8%) exceeds its 5-year average (79.3% per year).

Earnings vs Industry: LMRK.N earnings growth over the past year (839.8%) exceeded the Real Estate industry -25%.


Return on Equity

High ROE: LMRK.N's Return on Equity (31.9%) is considered high.

Financial Health

How is Landmark Infrastructure Partners's financial position?


Financial Position Analysis

Short Term Liabilities: LMRK.N's short term assets ($30.5M) exceed its short term liabilities ($8.1M).

Long Term Liabilities: LMRK.N's short term assets ($30.5M) do not cover its long term liabilities ($381.1M).


Debt to Equity History and Analysis

Debt Level: LMRK.N's debt to equity ratio (91.9%) is considered high.

Reducing Debt: LMRK.N's debt to equity ratio has reduced from 104.8% to 91.9% over the past 5 years.

Debt Coverage: LMRK.N's debt is not well covered by operating cash flow (10.4%).

Interest Coverage: LMRK.N's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet

Dividend

What is Landmark Infrastructure Partners's current dividend yield, its reliability and sustainability?

10.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LMRK.N's dividend (10.08%) is higher than the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: LMRK.N's dividend (10.08%) is in the top 25% of dividend payers in the US market (3.66%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, LMRK.N has been paying a dividend for less than 10 years.

Growing Dividend: LMRK.N's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.8%), LMRK.N's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Tim Brazy (59yo)

5yrs

Tenure

Mr. Arthur P. Brazy, Jr. also known as Tim, serves as the Chief Executive Officer of Landmark Dividend LLC and served as its President since co-founding Landmark Dividend LLC in February 2010, and as a mem ...


Leadership Team

NamePositionTenureCompensationOwnership
Arthur Brazy
CEO & Director of Landmark Infrastructure Partners GP LLC5yrsno datano data
George Doyle
Treasurer5yrsno datano data
Daniel Parsons
Senior VP of Information Systems & Technology of Landmark Infrastructure Partners GP LLC4.42yrsno datano data
Marcelo Choi
Vice Presidentno datano datano data
Josef Bobek
General Counsel & Secretary of Landmark Infrastructure Partners GP LLCno datano datano data

5.0yrs

Average Tenure

51yo

Average Age

Experienced Management: LMRK.N's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Arthur Brazy
CEO & Director of Landmark Infrastructure Partners GP LLC5yrsno datano data
James Brown
Director of Landmark Infrastructure Partners GP LLC5yrsno datano data
Gerald Tywoniuk
Director of Landmark Infrastructure Partners GP LLC4yrsUS$90.00kno data
Matthew Carbone
Chairman of the Board of Landmark Infrastructure Partners GP LLC5yrsno datano data
Edmond Leung
Director of Landmark Infrastructure Partners GP LLC5yrsno datano data
Keith Benson
Independent Director of Landmark Infrastructure Partners GP LLC0.17yrno datano data
Nandit Gandhi
Director of Landmark Infrastructure Partners GP LLC3yrsno datano data
Thomas White
Director of Landmark Infrastructure Partners GP LLC4.17yrsUS$96.00kno data

4.6yrs

Average Tenure

52yo

Average Age

Experienced Board: LMRK.N's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Landmark Infrastructure Partners LP's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Landmark Infrastructure Partners LP
  • Ticker: LMRK.N
  • Exchange: NasdaqGM
  • Founded: 2014
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: US$367.621m
  • Shares outstanding: 25.27m
  • Website: https://www.landmarkmlp.com

Location

  • Landmark Infrastructure Partners LP
  • 2141 Rosecrans Avenue
  • Suite 2100
  • El Segundo
  • California
  • 90245
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LMRKNasdaqGM (Nasdaq Global Market)YesCommon UnitsUSUSDNov 2014
LMRK.PNasdaqGM (Nasdaq Global Market)8% CUM PFD AUSUSDApr 2016
LMRK.ONasdaqGM (Nasdaq Global Market)7.9% PFD UNIT BUSUSDAug 2016
LMRK.NNasdaqGM (Nasdaq Global Market)7% CNV PFD UNT CUSUSDMar 2018

Biography

Landmark Infrastructure Partners LP acquires, owns, and manages a portfolio of real property interests and infrastructure assets in the United States. The company leases its real property interests and infrastructure assets to companies operating in the wireless communication, outdoor advertising, and renewable power generation industries. It also owns various interests in receivables associated with related assets. Landmark Infrastructure Partners GP LLC serves as the general partner of the company. Landmark Infrastructure Partners LP was founded in 2014 and is based in El Segundo, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/01/24 00:46
End of Day Share Price2019/01/23 00:00
Earnings2018/09/30
Annual Earnings2017/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.