Here are the highlights from Landmark infrastructure’s 2Q 2017 financials and earnings conference call.

• Landmark quarterly revenue increased 69% to 12.8 million due to site acquisitions.
• Cashflow increased $3.4 million to $10.2 million.
• Landmark added 15 new outdoor sites during the second quarter of 2017.
• Landmark had 535 outdoor advertising sites at June 30, 2017.   The sites have an average remaining lease term of 17.6 years and are generating effective monthly rent of $1,534.  Here’s a breakdown of the portfolio at June 30, 2017.

• The company increased its revolving line of credit by $85 million to $367 million to support acquisitions.
• Landmark CEO Arthur Brazy said the company is emphasizing out of home purchases via a joint venture in Europe:  “We continue to build the operating infrastructure and ramp up production.  Year to date we’ve acquired approximately $9 million of assets in the UK and we plan to acquire $20 million of assets in the last half of this year.”

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