LMRK - Landmark Infrastructure sees Q4 adjusted FFO benefiting from projects
Landmark Infrastructure Partners (LMRK) sees redeployed capital from the sale of its European outdoor advertising portfolio and development projects adding to adjusted FFO growth beginning in Q4 202 and into 2021.Q3 adjusted FFO per share of 31 cents compares with 32 cents in the year-ago quarter.Q3 rental revenue of $14.2M beat the average analyst estimate of $13.5M and increased 10% from $12.9M in Q3 2019.Q3 adjusted EBITDA of $15.2M vs. $15.6M a year ago.YTD through Sept. 30, LMRK acquired 14 assets for total consideration of ~$133M.Conference call at 12:00 PM ET.Previously: Landmark Infrastructure EPS beats by $0.04, beats on revenue (Nov. 4)
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Landmark Infrastructure sees Q4 adjusted FFO benefiting from projects