Press Release: Landmark Infrastructure Partners -2-
Press Release: Landmark Infrastructure Partners -2-
We define EBITDA as net income before interest expense, income taxes, depreciation and amortization, and we define Adjusted EBITDA as EBITDA before unrealized and realized gain or loss on derivatives, loss on early extinguishment of debt, gain or loss on sale of real property interests, straight line rent adjustments, amortization of above and below market rents, impairments, transaction-related expenses, unit-based compensation, repayments of investments in receivables, foreign currency transaction gain (loss), adjustments for investment in unconsolidated joint venture and the capital contribution to fund our general and administrative expense reimbursement. We believe that to understand our performance further, EBITDA and Adjusted EBITDA should be compared with our reported net income (loss) and net cash provided by operating activities in accordance with GAAP, as presented in our consolidated financial statements.
我們將EBITDA定義為扣除利息費用、所得税、折舊及攤銷前的淨收益，我們將調整後的EBITDA定義為扣除未實現和已實現衍生品損益、提前清償債務損失、不動產權益出售損益、直線租金調整、高於和低於市場租金的攤銷、減值、交易相關費用、以單位為基礎的薪酬、應收賬款投資償還、外幣交易收益(損失)、對未合併合資企業的投資調整和對未合併的合資企業的投資調整前的EBITDA、減值、交易相關費用、以單位為基礎的薪酬、應收賬款投資的償還、外幣交易收益(損失)、對未合併的合資企業的投資調整和我們認為，為了進一步瞭解我們的業績，EBITDA和調整後的EBITDA應該與我們根據GAAP報告的淨收益(虧損)和經營活動提供的淨現金進行比較，這在我們的合併財務報表中呈現。
EBITDA and Adjusted EBITDA are non-GAAP supplemental financial measures that management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies, may use to assess:
EBITDA和調整後的EBITDA是非GAAP補充財務指標，我們財務報表的管理層和外部用户(如行業分析師、投資者、貸款人和評級機構)可以使用它們來評估：
-- our operating performance as compared to other publicly traded limited
partnerships, without regard to historical cost basis or, in the case of
Adjusted EBITDA, financing methods;
-- the ability of our business to generate sufficient cash to support our
decision to make distributions to our unitholders;
-- our ability to incur and service debt and fund capital expenditures; and
-- the viability of acquisitions and the returns on investment of various
investment opportunities.
-與其他上市有限公司相比，我們的經營表現合夥企業，不考慮歷史成本基礎，或在以下情況下調整後的EBITDA、融資方式；-我們業務產生足夠現金的能力，以支持我們的決定向我們的單位持有人進行分配；-我們有能力承擔和償還債務，併為非經常開支提供資金；以及-收購的可行性和各種形式的投資回報投資機會。
We believe that the presentation of EBITDA and Adjusted EBITDA provides information useful to investors in assessing our financial condition and results of operations. The GAAP measures most directly comparable to EBITDA and Adjusted EBITDA are net income (loss) and net cash provided by operating activities. EBITDA and Adjusted EBITDA should not be considered as an alternative to GAAP net income (loss), net cash provided by operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP. Each of EBITDA and Adjusted EBITDA has important limitations as analytical tools because they exclude some, but not all, items that affect net income (loss) and net cash provided by operating activities, and these measures may vary from those of other companies. You should not consider EBITDA and Adjusted EBITDA in isolation or as a substitute for analysis of our results as reported under GAAP. As a result, because EBITDA and Adjusted EBITDA may be defined differently by other companies in our industry, EBITDA and Adjusted EBITDA as presented below may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. For a reconciliation of EBITDA and Adjusted EBITDA to the most comparable financial measures calculated and presented in accordance with GAAP, please see the "Reconciliation of EBITDA and Adjusted EBITDA" table below.
我們相信，EBITDA和調整後EBITDA的列報為投資者評估我們的財務狀況和經營結果提供了有用的信息。GAAP衡量標準與EBITDA和調整後EBITDA最直接的可比性是經營活動提供的淨收益(虧損)和淨現金。EBITDA和調整後的EBITDA不應被視為GAAP淨收入(虧損)、經營活動提供的淨現金或根據GAAP呈報的財務業績或流動性的任何其他衡量標準的替代品。EBITDA和調整後的EBITDA作為分析工具都有重要的侷限性，因為它們排除了一些(但不是全部)影響經營活動提供的淨收入(虧損)和淨現金的項目，這些衡量標準可能與其他公司的不同。您不應單獨考慮EBITDA和調整後的EBITDA，也不應將其作為GAAP報告的我們業績分析的替代品。因此，由於本行業其他公司對EBITDA和調整後EBITDA的定義可能有所不同，下面所示的EBITDA和調整後EBITDA可能無法與其他公司的同名指標相比，從而降低了它們的效用。有關EBITDA和調整後的EBITDA與根據公認會計原則計算和提出的最具可比性的財務指標的對賬情況，請參閲下表“EBITDA和調整後的EBITDA的對賬”。
Forward-Looking Statements
前瞻性陳述
This release contains forward-looking statements within the meaning of federal securities laws. These statements discuss future expectations, contain projections of results of operations or of financial condition or state other forward-looking information. You can identify forward-looking statements by words such as "anticipate," "believe," "estimate," "expect," "forecast," "project," "could," "may," "should," "would," "will" or other similar expressions that convey the uncertainty of future events or outcomes. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the Partnership's control and are difficult to predict. These statements are often based upon various assumptions, many of which are based, in turn, upon further assumptions, including examination of historical operating trends made by the management of the Partnership. Although the Partnership believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies, which are difficult or impossible to predict and are beyond its control, the Partnership cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements contained in the Partnership's filings with the U.S. Securities and Exchange Commission (the "Commission"), including the Partnership's annual report on Form 10-K for the year ended December 31, 2020 and Current Report on Form 8-K filed with the Commission on February 24, 2021. These risks could cause the Partnership's actual results to differ materially from those contained in any forward-looking statement.
本新聞稿包含符合聯邦證券法的前瞻性陳述。這些陳述討論未來預期，包含對經營結果或財務狀況的預測，或陳述其他前瞻性信息。你可以通過諸如“預期”、“相信”、“估計”、“預期”、“預測”、“項目”、“可能”、“應該”、“將會”、“將會”或其他表達未來事件或結果不確定性的類似表達來識別前瞻性陳述。這些前瞻性陳述不是對未來業績的保證，受到風險、不確定性和其他因素的影響，其中一些因素超出了夥伴關係的控制範圍，難以預測。這些陳述往往基於各種假設，而其中許多假設又是基於進一步的假設，包括審查合夥企業管理層的歷史經營趨勢。儘管夥伴關係認為這些假設在作出時是合理的，因為假設本身就受到重大不確定性和意外情況的影響，這些不確定和意外情況很難或不可能預測，並且超出了夥伴關係的控制範圍，但夥伴關係不能保證它將實現或實現這些期望、信念或意圖。在考慮這些前瞻性陳述時，您應該牢記合作伙伴提交給美國證券交易委員會(以下簡稱“委員會”)的文件中包含的風險因素和其他警示聲明，包括合作伙伴提交給美國證券交易委員會(SEC)的截至2020年12月31日的年度Form 10-K報告和2021年2月24日提交給委員會的當前Form 8-K報告。這些風險可能導致該夥伴關係的實際結果與任何前瞻性陳述中包含的結果大不相同。
CONTACT: Marcelo Choi
Vice President, Investor Relations
(213) 788-4528
ir@landmarkmlp.com
聯繫人：馬塞洛·崔(Marcelo Choi)投資者關係部副總裁 (213) 788-4528 郵箱：ir@landmarkmlp.com
Landmark Infrastructure Partners LP
里程碑基礎設施合作伙伴有限責任公司
Consolidated Statements of Operations
合併業務報表
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 2021 2020
------- ---------- -------- ----------
Revenue
Rental revenue $17,405 $ 14,228 $ 52,259 $ 41,893
Expenses
Property operating 1,188 360 2,966 1,223
General and
administrative 1,483 768 3,915 3,479
Transaction-related 3,295 -- 3,421 91
Depreciation and
amortization 5,079 3,808 14,871 11,711
Impairments 8 16 35 200
------ --------- ------- ---------
Total expenses 11,053 4,952 25,208 16,704
Other income and
expenses
Interest and other
income 102 46 331 317
Interest expense (4,962) (4,068) (14,830) (12,759)
Loss on early
extinguishment of
debt -- -- -- (2,231)
Unrealized gain
(loss) on
derivatives 194 154 1,511 (6,530)
Equity income (loss)
from unconsolidated
joint venture 329 248 (761) 1,085
Gain on sale of real
property interests 79 -- 189 --
Total other income and
expenses (4,258) (3,620) (13,560) (20,118)
------ --------- ------- ---------
Income from continuing
operations before income
tax benefit 2,094 5,656 13,491 5,071
Income tax benefit (80) (173) (80) (508)
------ --------- ------- ---------
Income from continuing
operations 2,174 5,829 13,571 5,579
Income (loss) from
discontinued
operations, net of
tax -- (171) -- 17,340
------ --------- ------- ---------
Net income 2,174 5,658 13,571 22,919
Less: Net income
attributable to
noncontrolling
interests 8 8 24 24
------ --------- ------- ---------
Net income attributable
to limited partners 2,166 5,650 13,547 22,895
Less: Distributions
to preferred
unitholders (3,060) (3,055) (9,180) (9,152)
Less: Accretion of
Series C preferred
units (96) (96) (286) (289)
------ --------- ------- ---------
Net (loss) income
attributable to common
unitholders $ (990) $ 2,499 $ 4,081 $ 13,454
====== ========= ======= =========
Income (loss) from
continuing operations
per common unit
Common units -- basic $ (0.04) $ 0.10 $ 0.16 $ (0.15)
Common units --
diluted $ (0.04) $ 0.10 $ 0.16 $ (0.15)
Net income (loss) per
common unit
Common units -- basic $ (0.04) $ 0.10 $ 0.16 $ 0.53
Common units --
diluted $ (0.04) $ 0.10 $ 0.16 $ 0.53
Weighted average common
units outstanding
Common units -- basic 25,489 25,478 25,489 25,472
Common units --
diluted 25,489 25,478 25,489 25,472
Other Data
Total leased tenant sites
(end of period) 2,028 1,841 2,028 1,841
Total available tenant
sites (end of period) 2,136 1,952 2,136 1,952
截至三個月截至九個月九月三十號，九月三十號， -------------------- --------------------- 2021 2020 2021 2020 ------- ---------- -------- ---------- 收入租金收入17,405元14,228元52,259元41,893元費用物業營運1,188 360 2,966 1,223一般和行政管理1,483 768 3,915 3,479與交易相關的3,295--3,421 91折舊和折舊攤銷5,079 3,808 14,871 11,711減損8 16 35 200 ------ --------- ------- --------- 總費用11,053 4,952 25,208 16,704其他收入和費用利息及其他收入102 46 331 317利息支出(4962)(4068)(14830)(12759)早早虧損撲滅債務-(2231)未實現收益(虧損)在衍生工具194 154 1,511(6,530)權益收益(虧損)從未整合合資企業329 248(761)1085出售不動產的收益財產權益79--189--其他收入總額和開支(4,258)(3,620)(13,560)(20,118) ------ --------- ------- --------- 持續經營收入未計收入前運營税收優惠2,094 5,656 13,491 5,071所得税優惠(80)(173)(80)(508) ------ --------- ------- --------- 持續經營收入行動2,174,829 13,571,579收入(虧損)來自停產運營，淨額税--(171)--17,340 ------ --------- ------- --------- 淨收入2,174,658 13,571 22,919減去：淨收入歸因於非控制性利息8 8 24 24 ------ --------- ------- --------- 可歸因於淨收益致有限責任合夥人2,166 5,650 13,547 22,895較少：分發轉至首選單位持有人(3060)(3055)(9180)(9152)減去：增加首選C系列單位(96)(96)(286)(289) ------ --------- ------- --------- 淨(虧損)收入歸因於共同單位持有人$(990)$2,499$4,081$13,454 ====== ========= ======= ========= 收入(虧損)來自持續運營每個公共單位通用單位--基本$(0.04)$0.10$0.16$(0.15)普通單位--稀釋$(0.04)$0.10$0.16$(0.15)每項淨收益(虧損)公共單位通用單位--基本$(0.04)$0.10$0.16$0.53普通單位--稀釋$(0.04)$0.10$0.16$0.53加權平均公約數未完成的單位通用單位--基本單位25,489 25,478 25,489 25,472普通單位--稀釋25,489 25,478 25,489 25,472其他數據租賃租户用地總數(期末)2,028 1,841 2,028 1,841可用租户總數地盤(期末)2,136 1,952 2,136 1,952
Landmark Infrastructure Partners LP
里程碑基礎設施合作伙伴有限責任公司
Consolidated Balance Sheets
合併資產負債表
In thousands, except per unit data
以千為單位，單位數據除外
譯文內容由第三人軟體翻譯。