NasdaqGM:LMRK

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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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.2%

LMRK

14.7%

US Real Estate

3.8%

US Market


1 Year Return

-31.4%

LMRK

-7.5%

US Real Estate

9.7%

US Market

Return vs Industry: LMRK underperformed the US Real Estate industry which returned -7.5% over the past year.

Return vs Market: LMRK underperformed the US Market which returned 9.7% over the past year.


Shareholder returns

LMRKIndustryMarket
7 Day2.2%14.7%3.8%
30 Day10.9%26.7%11.4%
90 Day-25.6%-13.3%6.8%
1 Year-25.5%-31.4%-6.9%-7.5%12.1%9.7%
3 Year-13.9%-34.1%-6.5%-8.6%36.2%27.2%
5 Year1.3%-34.7%-13.8%-16.5%63.7%45.4%

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

Valuation

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

10.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LMRK ($10.68) is trading below our estimate of fair value ($11.97)

Significantly Below Fair Value: LMRK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: LMRK is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: LMRK is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LMRK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LMRK is good value based on its PB Ratio (0.8x) compared to the US Real Estate industry average (1.1x).

Future Growth

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

105.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LMRK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: LMRK is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: LMRK's is expected to become profitable in the next 3 years.

Revenue vs Market: LMRK's revenue (7.2% per year) is forecast to grow slower than the US market (8.7% per year).

High Growth Revenue: LMRK's revenue (7.2% 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'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?

52.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LMRK is currently unprofitable.

Growing Profit Margin: LMRK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LMRK is unprofitable, but has reduced losses over the past 5 years at a rate of 52% per year.

Accelerating Growth: Unable to compare LMRK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LMRK is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-11.6%).


Return on Equity

High ROE: LMRK has a negative Return on Equity (3.69%), as it is currently unprofitable.

Financial Health

How is Landmark Infrastructure Partners's financial position?


Financial Position Analysis

Short Term Liabilities: LMRK's short term assets ($32.0M) exceed its short term liabilities ($10.9M).

Long Term Liabilities: LMRK's short term assets ($32.0M) do not cover its long term liabilities ($490.5M).


Debt to Equity History and Analysis

Debt Level: LMRK's debt to equity ratio (132.5%) is considered high.

Reducing Debt: LMRK's debt to equity ratio has increased from 99.9% to 132.5% over the past 5 years.

Debt Coverage: LMRK's debt is not well covered by operating cash flow (7.1%).

Interest Coverage: LMRK is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Dividend

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

7.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LMRK's dividend (7.49%) is higher than the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: LMRK's dividend (7.49%) is in the top 25% of dividend payers in the US market (4.22%)


Stability and Growth of Payments

Stable Dividend: LMRK has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: LMRK has only been paying a dividend for 5 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: LMRK is paying a dividend but the company is unprofitable.


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?

6.4yrs

Average management tenure


CEO

Tim Brazy (60yo)

6.42yrs

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 LLC6.42yrsno data0.67% $1.8m
George Doyle
CFO & Treasurer of Landmark Infrastructure Partners GP LLC6.42yrsno data0.10% $282.4k
Daniel Parsons
Senior VP of Information Systems & Technology of Landmark Infrastructure Partners GP LLC5.83yrsno datano data
Marcelo Choi
Vice Presidentno datano datano data
Josef Bobek
General Counsel & Secretary of Landmark Infrastructure Partners GP LLCno datano datano data

6.4yrs

Average Tenure

52yo

Average Age

Experienced Management: LMRK's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Arthur Brazy
CEO & Director of Landmark Infrastructure Partners GP LLC6.42yrsno data0.67% $1.8m
James Brown
Director of Landmark Infrastructure Partners GP LLC6.42yrsno datano data
Gerald Tywoniuk
Independent Director of Landmark Infrastructure Partners GP LLC5.42yrsUS$94.50k0.062% $167.9k
Matthew Carbone
Chairman of the Board of Landmark Infrastructure Partners GP LLC6.42yrsno data0.093% $252.1k
Edmond Leung
Director of Landmark Infrastructure Partners GP LLC6.42yrsno data0.013% $36.4k
Keith Benson
Independent Director of Landmark Infrastructure Partners GP LLC1.58yrsUS$94.50k0.026% $69.9k
Thomas White
Independent Director of Landmark Infrastructure Partners GP LLC5.58yrsUS$109.50k0.066% $180.4k

6.4yrs

Average Tenure

53yo

Average Age

Experienced Board: LMRK's board of directors are considered experienced (6.4 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: Shareholders have not been meaningfully 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
  • Exchange: NasdaqGM
  • Founded: 2014
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: US$272.105m
  • Shares outstanding: 25.48m
  • Website: https://www.landmarkmlp.com

Location

  • Landmark Infrastructure Partners LP
  • 400 Continental Boulevard
  • Suite 500
  • El Segundo
  • California
  • 90245
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LMRKNasdaqGM (Nasdaq Global Market)YesCommon UnitsUSUSDNov 2014

Biography

Landmark Infrastructure Partners LP acquires, develops, 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. Its real property interests primarily includes long-term and perpetual easements, tenant lease assignments, fee simple properties, and infrastructure assets. The company also owns various interests in receivables associated with related assets. Landmark Infrastructure Partners GP LLC serves as the general partner of the company. The company 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 Analysis2020/06/06 06:00
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.