Landmark Infrastructure announced first quarter 2016 financials.  Landmark acquires real estate which is leased to the wireless, outdoor and renewable power industries.

• Revenues increased 25% to $7.8 million.

• EBIDTA totaled $3.9 million.

• Outdoor accounted for 271 (24%) of the firm’s 1,114 sites at March 31, 2016.

• The outdoor leases have quarterly revenue of $1.4 million which works out to monthly rent of $1,405 per site.

• The firm’s outdoor leases have an average remaining term of 13.3 years.

• During 2016 the company expects to purchase $200-300 million in leases and easements.

Insider’s take: Monthly rent of $1,405 per site means the portfolio must be skewed to urban locations.  Hard to get rent of $1,405/month on a rural billboard which generates $1,000-2,000/month in total revenue.

Paid Advertisement