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Landmark Infrastructure Partners

Nasdaq:LMRK.P
Snowflake Description

Solid track record and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LMRK.P
Nasdaq
$368M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Landmark Infrastructure Partners LP acquires, owns, and manages a portfolio of real property interests and infrastructure assets in the United States. The last earnings update was 78 days ago. More info.


Add to Portfolio Compare Print
  • Landmark Infrastructure Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
LMRK.P Share Price and Events
7 Day Returns
0.3%
NasdaqGM:LMRK.P
0.9%
US Real Estate
0.7%
US Market
1 Year Returns
-5.5%
NasdaqGM:LMRK.P
-16.2%
US Real Estate
-8.1%
US Market
LMRK.P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Landmark Infrastructure Partners (LMRK.P) 0.3% 4.9% -1.2% -5.5% - -
US Real Estate 0.9% 15.3% 2.2% -16.2% 20.2% 2.5%
US Market 0.7% 10.2% -1% -8.1% 38.8% 38.9%
1 Year Return vs Industry and Market
  • LMRK.P outperformed the Real Estate industry which returned -16.2% over the past year.
  • LMRK.P outperformed the Market in United States of America which returned -8.1% over the past year.
Price Volatility
LMRK.P
Industry
5yr Volatility vs Market

LMRK.P Value

 Is Landmark Infrastructure Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Landmark Infrastructure Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Landmark Infrastructure Partners.

NasdaqGM:LMRK.P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:LMRK.P
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.064 (1 + (1- 21%) (99.62%))
1.902
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.902 * 7.27%)
16.56%

Discounted Cash Flow Calculation for NasdaqGM:LMRK.P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Landmark Infrastructure Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:LMRK.P DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 46.00 54.74 64.59 75.57 87.67
Source Analyst x1 Est @ 19%, capped from 27.52% Est @ 18%, capped from 27.52% Est @ 17%, capped from 27.52% Est @ 16%, capped from 27.52%
Present Value
Discounted (@ 16.56%)
39.47 40.29 40.79 40.95 40.75
Present value of next 5 years cash flows $202.25
NasdaqGM:LMRK.P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $87.67 × (1 + 2.73%) ÷ (16.56% – 2.73%)
$651.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $651.31 ÷ (1 + 16.56%)5
$302.75
NasdaqGM:LMRK.P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $202.25 + $302.75
$505.00
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $505.00 / 25.27
$32.68
NasdaqGM:LMRK.P Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NasdaqGM:LMRK.P represents 1.63482x of NasdaqGM:LMRK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.63482x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 19.99 x 1.63482
$32.68
Value per share (USD) From above. $32.68
Current discount Discount to share price of $23.85
= -1 x ($23.85 - $32.68) / $32.68
27%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Landmark Infrastructure Partners is available for.
Intrinsic value
27%
Share price is $23.85 vs Future cash flow value of $32.68
Current Discount Checks
For Landmark Infrastructure Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Landmark Infrastructure Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Landmark Infrastructure Partners's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Landmark Infrastructure Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Landmark Infrastructure Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:LMRK.P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $4.77
NasdaqGM:LMRK Share Price ** NasdaqGM (2019-01-23) in USD $14.59
United States of America Real Estate Industry PE Ratio Median Figure of 29 Publicly-Listed Real Estate Companies 14.1x
United States of America Market PE Ratio Median Figure of 3,026 Publicly-Listed Companies 16.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Landmark Infrastructure Partners.

NasdaqGM:LMRK.P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:LMRK Share Price ÷ EPS (both in USD)

= 14.59 ÷ 4.77

3.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Landmark Infrastructure Partners is good value based on earnings compared to the US Real Estate industry average.
  • Landmark Infrastructure Partners is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Landmark Infrastructure Partners's expected growth come at a high price?
Raw Data
NasdaqGM:LMRK.P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-89.1%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies 0.39x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

NasdaqGM:LMRK.P PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.06x ÷ -89.1%

-0.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Landmark Infrastructure Partners earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Landmark Infrastructure Partners's assets?
Raw Data
NasdaqGM:LMRK.P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $16.76
NasdaqGM:LMRK Share Price * NasdaqGM (2019-01-23) in USD $14.59
United States of America Real Estate Industry PB Ratio Median Figure of 56 Publicly-Listed Real Estate Companies 1.46x
United States of America Market PB Ratio Median Figure of 5,102 Publicly-Listed Companies 1.75x
NasdaqGM:LMRK.P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:LMRK Share Price ÷ Book Value per Share (both in USD)

= 14.59 ÷ 16.76

0.87x

* Primary Listing of Landmark Infrastructure Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Landmark Infrastructure Partners is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Landmark Infrastructure Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Landmark Infrastructure Partners has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LMRK.P Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-89.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Landmark Infrastructure Partners expected to grow at an attractive rate?
  • Landmark Infrastructure Partners's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Landmark Infrastructure Partners's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Landmark Infrastructure Partners's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:LMRK.P Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:LMRK.P Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -89.1%
NasdaqGM:LMRK.P Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 10.7%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 10%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.6%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:LMRK.P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:LMRK.P Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 83 1
2019-12-31 73 33 4
2018-12-31 66 125 4
NasdaqGM:LMRK.P Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 65 38 117
2018-06-30 60 36 17
2018-03-31 56 33 15
2017-12-31 53 28 12
2017-09-30 50 25 12
2017-06-30 46 23 11
2017-03-31 43 23 10
2016-12-31 41 21 7
2016-09-30 39 22 2
2016-06-30 38 23 2
2016-03-31 38 18 3
2015-12-31 34 16 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Landmark Infrastructure Partners's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Landmark Infrastructure Partners's revenue is expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:LMRK.P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Landmark Infrastructure Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:LMRK.P Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.82 0.82 0.82 1.00
2019-12-31 0.75 1.13 0.53 4.00
2018-12-31 4.33 4.56 4.09 4.00
NasdaqGM:LMRK.P Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 4.77
2018-06-30 0.69
2018-03-31 0.63
2017-12-31 0.53
2017-09-30 0.55
2017-06-30 0.53
2017-03-31 0.51
2016-12-31 0.41
2016-09-30 0.17
2016-06-30 0.12
2016-03-31 0.26
2015-12-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Landmark Infrastructure Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Landmark Infrastructure Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Landmark Infrastructure Partners has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LMRK.P Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Landmark Infrastructure Partners's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Landmark Infrastructure Partners has delivered over 20% year on year earnings growth in the past 5 years.
  • Landmark Infrastructure Partners's 1-year earnings growth exceeds its 5-year average (839.8% vs 79.3%)
  • Landmark Infrastructure Partners's earnings growth has exceeded the US Real Estate industry average in the past year (839.8% vs 38.4%).
Earnings and Revenue History
Landmark Infrastructure Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Landmark Infrastructure Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:LMRK.P Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 64.59 116.72 4.54
2018-06-30 60.47 16.51 5.23
2018-03-31 56.48 14.60 5.58
2017-12-31 52.63 12.10 5.29
2017-09-30 49.76 12.42 5.25
2017-06-30 46.31 11.05 4.46
2017-03-31 42.99 9.62 4.06
2016-12-31 41.17 7.10 3.76
2016-09-30 39.04 2.50 3.59
2016-06-30 38.00 1.73 3.42
2016-03-31 38.18 3.20 3.04
2015-12-31 33.60 0.74 2.92
2015-09-30 33.64 -9.33 2.35
2015-06-30 29.22 -6.83 1.93
2015-03-31 24.85 -5.59 1.79
2014-12-31 25.14 -2.70 0.82
2014-09-30 16.91 4.62 0.76
2014-06-30 15.78 3.25 1.01
2014-03-31 13.48 3.73 0.57
2013-12-31 17.40 0.00 0.72
2012-12-31 6.78 1.52 0.19

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Landmark Infrastructure Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Landmark Infrastructure Partners used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Landmark Infrastructure Partners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Landmark Infrastructure Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Landmark Infrastructure Partners has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LMRK.P Health

 How is Landmark Infrastructure Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Landmark Infrastructure Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Landmark Infrastructure Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Landmark Infrastructure Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Landmark Infrastructure Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Landmark Infrastructure Partners Company Filings, last reported 3 months ago.

NasdaqGM:LMRK.P Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 398.46 366.23 6.91
2018-06-30 304.53 526.22 9.77
2018-03-31 263.18 530.52 10.50
2017-12-31 254.36 491.25 9.19
2017-09-30 244.45 444.80 13.40
2017-06-30 238.52 391.34 7.46
2017-03-31 240.03 356.98 9.47
2016-12-31 244.33 337.31 2.71
2016-09-30 193.33 296.10 3.35
2016-06-30 146.35 224.23 5.73
2016-03-31 129.99 232.28 0.41
2015-12-31 157.36 307.96 1.98
2015-09-30 129.46 166.72 0.27
2015-06-30 137.31 72.89 0.42
2015-03-31 96.69 98.06 0.27
2014-12-31 149.19 142.68 0.31
2014-09-30 101.07 75.12 1.57
2014-06-30 39.19 89.02 0.28
2014-03-31 40.38 89.34 0.74
2013-12-31 87.34 89.53 1.04
2012-12-31 59.32 68.32 25.25
  • Landmark Infrastructure Partners's level of debt (91.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (104.8% vs 91.9% today).
  • Debt is not well covered by operating cash flow (10.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Landmark Infrastructure Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Landmark Infrastructure Partners has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LMRK.P Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
10.08%
Current annual income from Landmark Infrastructure Partners dividends. Estimated to be 10.24% next year.
If you bought $2,000 of Landmark Infrastructure Partners shares you are expected to receive $202 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Landmark Infrastructure Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).
  • Landmark Infrastructure Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:LMRK.P Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1986 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:LMRK.P Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.56 2.00
2019-12-31 1.47 5.00
2018-12-31 1.47 5.00
NasdaqGM:LMRK.P Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-10-26 1.470 11.136
2018-07-19 1.470 10.841
2018-04-19 1.470 10.429
2018-01-24 1.470 8.649
2017-10-18 1.430 8.128
2017-07-19 1.420 8.382
2017-04-21 1.410 8.859
2017-01-25 1.400 9.137
2016-10-26 1.350 8.942
2016-07-27 1.330 7.544
2016-04-20 1.320 8.344
2016-01-29 1.300 8.854
2015-10-23 1.270 8.877
2015-07-22 1.230 7.975
2015-04-24 1.190 7.247
2015-01-26 1.150 6.569

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Landmark Infrastructure Partners has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Landmark Infrastructure Partners only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Landmark Infrastructure Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Landmark Infrastructure Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Landmark Infrastructure Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Landmark Infrastructure Partners has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LMRK.P Management

 What is the CEO of Landmark Infrastructure Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tim Brazy
AGE 59
TENURE AS CEO 5 years
CEO Bio

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 member of the board of managers of Landmark Dividend Holdings LLC and its predecessor since February 2010. Mr. Brazy has been the Chief Executive Officer of Landmark Infrastructure Partners GP LLC, a general partner of Landmark Infrastructure Partners LP since July 2014. He served as President of Atherton Capital Incorporated. He has more than 25 years of experience in the real estate, financial services and investment industries. Most recently, Mr. Brazy was Founder and served as Chief Executive Officer of Church Mortgage Acceptance Co., LLC (“CMAC”), one of the leading direct lenders to churches in the country. From 2001 to 2006, he served as Chief Executive Officer of Lakefront Ventures LLC. During the 1990s, Mr. Brazy founded and led a series of private investment partnerships that raised and provided more than $5 billion of financing to small businesses and commercial real estate owners nationwide. He was an Officer of Eastdil Realty, a diversified real estate investment bank owned by Wells Fargo. At Eastdil, he was responsible for advisory assignments and major property debt and equity capital placements totaling more than $1 billion on a wide variety of existing and to-be-built properties including office buildings, hotels, shopping centers and industrial projects. He has been a Director of Landmark Infrastructure Partners GP LLC, a general partner of Landmark Infrastructure Partners LP since July 2014. Mr. Brazy received a B.S. degree in Economics from the California Institute of Technology, pursued further graduate studies as a fellow at Oxford University and received an M.B.A. from the Graduate School of Business at Stanford University. Mr. Brazy founded and led numerous private investment partnerships including Atherton Capital.

CEO Compensation
  • Insufficient data for Tim to compare compensation growth.
  • Insufficient data for Tim to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Landmark Infrastructure Partners management team in years:

5
Average Tenure
51
Average Age
  • The average tenure for the Landmark Infrastructure Partners management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tim Brazy

TITLE
CEO & Director of Landmark Infrastructure Partners GP LLC
AGE
59
TENURE
5 yrs

George Doyle

TITLE
Treasurer
AGE
48
TENURE
5 yrs

Dan Parsons

TITLE
Senior VP of Information Systems & Technology of Landmark Infrastructure Partners GP LLC
AGE
54
TENURE
4.4 yrs

Marcelo Choi

TITLE
Vice President

Josef Bobek

TITLE
General Counsel & Secretary of Landmark Infrastructure Partners GP LLC
AGE
43
Board of Directors Tenure

Average tenure and age of the Landmark Infrastructure Partners board of directors in years:

4.6
Average Tenure
52
Average Age
  • The tenure for the Landmark Infrastructure Partners board of directors is about average.
Board of Directors

Matt Carbone

TITLE
Chairman of the Board of Landmark Infrastructure Partners GP LLC
AGE
52
TENURE
5 yrs

Tim Brazy

TITLE
CEO & Director of Landmark Infrastructure Partners GP LLC
AGE
59
TENURE
5 yrs

Thomas White

TITLE
Director of Landmark Infrastructure Partners GP LLC
COMPENSATION
$96K
AGE
52
TENURE
4.2 yrs

James Brown

TITLE
Director of Landmark Infrastructure Partners GP LLC
AGE
53
TENURE
5 yrs

Edmond Leung

TITLE
Director of Landmark Infrastructure Partners GP LLC
AGE
37
TENURE
5 yrs

Gerry Tywoniuk

TITLE
Director of Landmark Infrastructure Partners GP LLC
COMPENSATION
$90K
AGE
57
TENURE
4 yrs

Nandit Gandhi

TITLE
Director of Landmark Infrastructure Partners GP LLC
AGE
50
TENURE
3 yrs

Keith Benson

TITLE
Independent Director of Landmark Infrastructure Partners GP LLC
AGE
45
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Landmark Infrastructure Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Landmark Infrastructure Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LMRK.P News

Simply Wall St News

LMRK.P Company Info

Map
Description

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.

Details
Name: Landmark Infrastructure Partners LP
LMRK.P
Exchange: NasdaqGM
Founded: 2014
$367,621,173
25,266,060
Website: http://www.landmarkmlp.com
Address: Landmark Infrastructure Partners LP
2141 Rosecrans Avenue,
Suite 2100,
El Segundo,
California, 90245,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM LMRK Common Units Nasdaq Global Market US USD 14. Nov 2014
NasdaqGM LMRK.P 8% CUM PFD A Nasdaq Global Market US USD 04. Apr 2016
NasdaqGM LMRK.O 7.9% PFD UNIT B Nasdaq Global Market US USD 04. Aug 2016
NasdaqGM LMRK.N 7% CNV PFD UNT C Nasdaq Global Market US USD 28. Mar 2018
Number of employees
Current staff
Staff numbers
0
Landmark Infrastructure Partners employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/24 00:38
End of day share price update: 2019/01/23 00:00
Last estimates confirmation: 2019/01/07
Last earnings filing: 2018/11/07
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.