Press Release: Landmark Infrastructure Partners -4-
Press Release: Landmark Infrastructure Partners -4-
新聞稿：里程碑基礎設施合作伙伴-4-
____________________
____________________
(1) ("Available Tenant Sites" means the number of individual
sites that could be leased. For example, if we have
an easement on a single rooftop, on which three different
tenants can lease space from us, this would be counted
as three "tenant sites," and all three tenant sites
would be at a single infrastructure location with
the same address.)
(2) (Assumes the exercise of all remaining renewal options
of tenant leases. Assuming no exercise of renewal
options, the average remaining lease terms for our
wireless communication, digital infrastructure, outdoor
advertising, renewable power generation and total
portfolio as of September 30, 2021 were 2.2, 8.6,
6.5, 16.1 and 4.2 years, respectively.)
(3) (Represents the number of leased tenant sites divided
by the number of available tenant sites.)
(4) (Occupancy and average monthly effective rent per
tenant site are shown only on an aggregate portfolio
basis by industry.)
(5) (Represents total monthly revenue excluding the impact
of amortization of above and below market lease intangibles
divided by the number of leased tenant sites.)
(6) (Represents GAAP rental revenue recognized under existing
tenant leases for the three months ended September
30, 2021. Excludes interest income on receivables.)
(7) (Fee simple ownership and perpetual easements are
shown as having a term of 99 years for purposes of
calculating the average remaining term.)
(8) Reflects "springing lease agreements" whereby the
cancellation or nonrenewal of a tenant lease entitles
us to enter into a new ground lease with the property
owner (up to the full property interest term) and
a replacement tenant lease. The remaining lease assignment
term is, therefore, equal to or longer than the remaining
lease term. Also represents properties for which the
"springing lease" feature has been exercised and has
been replaced by a lease for the remaining lease term.
(9) (Excluding perpetual ownership rights, the average
remaining property interest term on our tenant sites
is approximately 58 years.) (1)(“可用租户用地”是指單個租户用地的數量可以出租的地點。例如，如果我們有一個單一屋頂上的地役權，在這個屋頂上有三個不同的地役權租户可以向我們租房，這也算在內。作為三個“租户站點”，以及所有三個租户站點將位於單一基礎設施位置，相同的地址。)(2)(假設行使所有剩餘的續期選項租户租約。假設不進行續簽選項，我們的無線通信、數字基礎設施、户外廣告、可再生能源發電和總髮電量截至2021年9月30日的投資組合為2.2、8.6、分別為6.5年、16.1年和4.2年。)(3)(表示劃分的租賃租户用地數量按可用租户站點的數量計算。)(4)(入住率及每月平均實際租金租户站點僅顯示在聚合項目組合中(按行業劃分。)(5)(代表不計影響的每月總收入高於和低於市場租賃無形資產的攤銷除以租賃的租户用地數量。)(6)(代表在現有條件下確認的公認會計準則租金收入截至九月底三個月的租户租約30,2021年。不包括應收賬款的利息收入。)(7)(費用簡單擁有權及永久地役權為就下述目的而言，顯示其任期為99年計算平均剩餘期限。)(8)反映了“彈性租賃協議”，根據該協議，取消或不續簽租約的權利美國將與該物業簽訂新的土地租約業主(不超過全部財產權益期限)和替代租户租約。剩餘的租賃轉讓因此，期限等於或長於剩餘期限租期。還表示屬性，這些屬性的“彈簧租賃”功能已被使用，並已已被剩餘租賃期的租約所取代。(9)(不包括永久所有權，平均我們租户用地上的剩餘物業利息條款大約是58年。)
Landmark Infrastructure Partners LP
里程碑基礎設施合作伙伴有限責任公司
Reconciliation of Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO)
運營資金(FFO)和調整後運營資金(AFFO)的對賬
In thousands, except per unit data
以千為單位，單位數據除外
(Unaudited)
(未經審計)
Three Months Ended Nine Months Ended
September 30, September 30,
-------------------- --------------------
2021 2020 (1) 2021 2020 (1)
------- ---------- ------- ----------
Net income $ 2,174 $ 5,658 $13,571 $ 22,919
Adjustments:
Depreciation and
amortization
expense 5,079 3,808 14,871 12,247
Impairments 8 16 35 200
(Gain) loss on sale
of real property
interests, net of
income taxes (79) 215 (189) (15,508)
Adjustments for
investment in
unconsolidated joint
venture 705 742 3,730 1,825
Distributions to
preferred
unitholders (3,060) (3,055) (9,180) (9,152)
Distributions to
noncontrolling
interests (8) (8) (24) (24)
------ --------- ------ ---------
FFO attributable to
common unitholders $ 4,819 $ 7,376 $22,814 $ 12,507
Adjustments:
General and
administrative
expense
reimbursement (2) 1,050 425 2,497 2,455
Transaction-related
expenses 3,295 -- 3,421 432
Unrealized (gain)
loss on derivatives (194) (154) (1,511) 8,329
Straight line rent
adjustments (192) 7 (614) 384
Unit-based
compensation -- -- 120 120
Amortization of
deferred loan costs
and discount on
secured notes 659 640 1,907 1,845
Amortization of
above- and
below-market rents,
net (238) (245) (708) (726)
Deferred income tax
benefit (31) (152) (122) (460)
Loss on early
extinguishment of
debt -- -- -- 2,231
Repayments of
receivables 181 152 432 395
Adjustments for
investment in
unconsolidated joint
venture 47 26 127 103
Foreign currency
transaction gain -- (86) -- (2,721)
------ --------- ------ ---------
AFFO attributable to
common unitholders $ 9,396 $ 7,989 $28,363 $ 24,894
FFO per common unit -
diluted $ 0.19 $ 0.29 $ 0.90 $ 0.49
AFFO per common unit -
diluted $ 0.37 $ 0.31 $ 1.11 $ 0.98
Weighted average common
units outstanding -
diluted 25,489 25,478 25,489 25,472
截至三個月截至九個月九月三十號，九月三十號， -------------------- -------------------- 2021 2020 (1) 2021 2020 (1) ------- ---------- ------- ---------- 淨收入$2,174$5,658$13,571$22,919調整：折舊和折舊攤銷費用5,079 3,808 14,871 12,247減損8 16 35 200(收益)銷售損失指不動產利息淨額，扣除所得税(79)215(189)(15,508)調整投資於鬆散接頭風險投資705 742 3,730 1,825分發到擇優單位持有人(3060)(3055)(9180)(9152)分發到非控制性利息(8)(8)(24)(24) ------ --------- ------ --------- FFO歸因於普通單位持有人$4,819$7,376$22,814$12,507調整：一般和行政性費用報銷(2)1,050 425 2,497 2,455與交易相關開支3,295--3,421 432未實現(收益)衍生工具虧損(194)(154)(1,511)8,329直線租金調整(192)7(614)384基於單位的補償-120 120攤銷遞延貸款成本和折扣擔保票據659 640 1,907 1,845攤銷以上-和低於市價的租金，淨額(238)(245)(708)(726)遞延所得税福利(31)(152)(122)(460)早早虧損撲滅債務-2231償還應收賬款181 152 432 395調整投資於鬆散接頭創業47 26 127 103外幣交易收益--(86)--(2,721) ------ --------- ------ --------- AFFO歸因於普通單位持有人$9,396$7,989$28,363$24,894每個普通單位的FFO-稀釋後$0.19$0.29$0.90$0.49普通單位AFFO-稀釋後$0.37$0.31$1.11$0.98加權平均公約數優秀的單位-稀釋25,489 25,478 25,489 25,472
____________________
____________________
(1) (Amounts include the effects that are reported in
discontinued operations.)
(2) Under the omnibus agreement with Landmark, we agreed
to reimburse Landmark for expenses related to certain
general and administrative services that Landmark
will provide to us in support of our business, subject
to a quarterly cap equal to 3% of our revenue during
the current calendar quarter. This cap on expenses
will last until the earlier to occur of: (i) the date
on which our revenue for the immediately preceding
four consecutive fiscal quarters exceeds $120 million
and (ii) November 19, 2021. The full amount of general
and administrative expenses incurred will be reflected
in our income statements, and to the extent such general
and administrative expenses exceed the cap amount,
the amount of such excess will be reimbursed by Landmark
and reflected in our financial statements as a capital
contribution from Landmark rather than as a reduction
of our general and administrative expenses, except
for expenses that would otherwise be allocated to
us, which are not included in our general and administrative
expenses.
(1)(數額包括在中報告的影響停止運營。)(2)根據與Landmark達成的綜合協議，我們同意向Landmark報銷與以下項目相關的費用具有里程碑意義的一般和行政服務將為我們的業務提供支持，主題到相當於我們收入的3%的季度上限當前日曆季度。這個費用上限將持續至下列日期(以較早者為準)：在此基礎上，我們前一年的收入連續四個財季超過1.2億美元及(Ii)2021年11月19日。全額通用而所發生的行政費用將反映在在我們的損益表中，以及在這樣的一般情況下管理費用超過限額的，超出的金額將由Landmark退還並作為資本反映在我們的財務報表中來自里程碑的貢獻，而不是減少我們的一般和行政費用，除了用於本應分配給我們，這不包括在我們的一般和行政費用。
Landmark Infrastructure Partners LP
里程碑基礎設施合作伙伴有限責任公司
Reconciliation of EBITDA and Adjusted EBITDA
EBITDA和調整後EBITDA的對賬
In thousands
以千計
(Unaudited)
(未經審計)
Three Months Ended Nine Months Ended
September 30, September 30,
-------------------- ---------------------
2021 2020 (1) 2021 2020 (1)
------- ---------- -------- ----------
Reconciliation of EBITDA
and Adjusted EBITDA to
Net Income
Net income $ 2,174 $ 5,658 $ 13,571 $ 22,919
Interest expense 4,962 4,068 14,830 13,400
Depreciation and
amortization expense 5,079 3,808 14,871 12,247
Income tax expense (80) (131) (80) (28)
EBITDA $12,135 $ 13,403 $ 43,192 $ 48,538
Impairments 8 16 35 200
Transaction-related 3,295 -- 3,421 432
Unrealized (gain) loss on
derivatives (194) (154) (1,511) 8,329
Loss on early
extinguishment of debt -- -- -- 2,231
(Gain) loss on sale of
real property interests (79) 215 (189) (15,508)
Unit-based compensation -- -- 120 120
Straight line rent
adjustments (192) 7 (614) 384
Amortization of above-
and below-market rents,
net (238) (245) (708) (726)
Repayments of investments
in receivables 181 152 432 395
Adjustments for
investment in
unconsolidated joint
venture 1,397 1,430 5,801 3,920
Foreign currency
transaction gain -- (86) -- (2,721)
Deemed capital
contribution to fund
general and
administrative expense
reimbursement(2) 1,050 425 2,497 2,455
------ --------- ------- ---------
Adjusted EBITDA $17,363 $ 15,163 $ 52,476 $ 48,049
Reconciliation of EBITDA
and Adjusted EBITDA to
Net Cash Provided by
Operating Activities
Net cash provided by
operating activities $11,365 $ 11,886 $ 34,701 $ 31,982
Unit-based compensation -- -- (120) (120)
Unrealized gain (loss) on
derivatives 194 154 1,511 (8,329)
Loss on early
extinguishment of debt -- -- -- (2,231)
Depreciation and
amortization expense (5,079) (3,808) (14,871) (12,247)
Amortization of above-
and below-market rents,
net 238 245 708 726
Amortization of deferred
loan costs and discount
on secured notes (659) (640) (1,907) (1,845)
Impairments (8) (16) (35) (200)
Gain (loss) on sale of
real property interests 79 (215) 189 15,508
Adjustment for
截至三個月截至九個月九月三十號，九月三十號， -------------------- --------------------- 2021 2020 (1) 2021 2020 (1) ------- ---------- -------- ---------- EBITDA對賬並將EBITDA調整為淨收入淨收入$2,174$5,658$13,571$22,919利息支出4,962,068 14,830 13,400折舊和折舊攤銷費用5,079 3,808 14,871 12,247所得税支出(80)(131)(80)(28)EBITDA$12,135$13,403$43,192$48,538減損8 16 35 200與交易相關的3,295--3,421 432未實現(收益)虧損衍生工具(194)(154)(1,511)8,329早早虧損清償債務-2231(收益)出售的損失不動產權益(79)215(189)(15508)基於單位的補償-120 120直線租金調整(192)7(614)384以上攤銷-以及低於市價的租金，淨額(238)(245)(708)(726)投資的償還應收賬款181 152 432 395調整投資於鬆散接頭風險投資1,397 1,430 5,801,920外幣交易收益--(86)--(2,721)視為資本向基金供款一般和行政費用報銷(2)1,050 425 2,497 2,455 ------ --------- ------- --------- 調整後的EBITDA$17,363$15,163$52,476$48,049EBITDA對賬並將EBITDA調整為淨現金由以下人員提供經營活動由以下公司提供的淨現金營運活動$11,365$11,886$34,701$31,982單位薪酬-(120)(120)未實現損益衍生工具194 154 1,511(8,329)早早虧損清償債務-(2,231)折舊和折舊攤銷費用(5079)(3808)(14871)(12247)以上攤銷-以及低於市價的租金，淨額238 245 708 726遞延攤銷貸款成本和貼現關於擔保票據(659)(640)(1,907)(1,845)減值(8)(16)(35)(200)出售的收益(損失)不動產權益79(215)189 15508調整為
譯文內容由第三人軟體翻譯。
以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。