LMRK - Landmark Infrastructure completes Digital Infrastructure acquisition

Landmark Infrastructure Partners (LMRK) announces that it has acquired data center sites in the greater Toronto, Ontario and Atlanta, Georgia areas from Sungard Availability Services. Company is leasing the acquired data center sites back to Sungard AS in their entirety.The acquisitions were funded by borrowings from the partnership’s existing revolving credit facility and are expected to be immediately accretive adjusted funds from operations.“We continue to expand our digital infrastructure footprint with the addition of high-quality data center properties to our portfolio, including these recent acquisitions in the key markets of Toronto and Atlanta,” said Tim Brazy, CEO.Wall St analysts give a Bullish rating and a target price of $11.8.Press Release

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Landmark Infrastructure completes Digital Infrastructure acquisition