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Landmark Infrastructure Partners LP (LMRK) reported Q3-2019 numbers that were below estimates. When we last covered the stock, we had the view the shares were moderately cheap but the distribution would have no chance of ever being covered. We take a dive into this quarter's results to see if our stance still makes sense.
Data by YCharts
Revenues
Rental revenue for the quarter ended September 30, 2019, decreased 18% to $14.4 million compared to the third quarter of 2018. We had a quarter of sequential decrease in revenue as some more assets were