LMRK - Landmark Infrastructure Partners jumps 5% after Q4 earnings beat

Landmark Infrastructure Partners ([[LMRK]] +4.8%) reports Q4 rental revenue of $16.9M, a 22% increase Y/Y; beats consensus by $1.61M.Net income of $0.12; beats by consensus by $0.06 and FFO of $0.35 per diluted unitRecord AFFO of $0.38 per diluted unit, a 12% increase Y/Y.In the full year 2020, acquired 15 assets for total consideration of approximately $148M.Announced a quarterly distribution of $0.20 per common unit.As of December 31, 2020, the partnership had $214M of outstanding borrowings under its revolving credit facility and approximately $236M of undrawn borrowing capacity under the facility.“Despite the challenges in 2020 stemming from the global pandemic our portfolio proved resilient and we delivered significant growth year over year. Growth was generated organically from the portfolio as well as through redeploying capital from the disposition of our European joint venture. We ended 2020 with a more diverse revenue base, stronger distribution coverage and we believe we are positioned well to drive further

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Landmark Infrastructure Partners jumps 5% after Q4 earnings beat