Welcome to our dedicated page for Radius Global Infrastructure news (Ticker: RADI), a resource for investors and traders seeking the latest updates and insights on Radius Global Infrastructure stock.
Radius Global Infrastructure, Inc. (RADI) is a leading company specializing in the ownership and leasing of critical communication properties. Through its subsidiary, AP Wireless, Radius Global Infrastructure provides essential infrastructure support for wireless carriers and tower companies by managing triple-net ground and rooftop leases. These properties are vital for hosting cell site antenna infrastructure, which is indispensable for wireless communications.
As of June 30, 2020, Radius Global Infrastructure holds interests in approximately 6,600 leases across around 5,000 communication sites in the United States and 18 other countries. This extensive portfolio underscores the company's significant role in the global wireless communications industry. The company's diverse range of properties ensures reliable connectivity and supports the seamless operation of mission-critical communication networks.
Founded in New York, New York, and formerly known as Digital Landscape Group, Inc., Radius Global Infrastructure continues to expand its footprint and enhance its service capabilities. The company is committed to growing its portfolio and providing robust infrastructure solutions to meet the ever-increasing demand for wireless communication services. Recent achievements and ongoing projects reflect its strategic approach and dedication to maintaining high operational standards.
For investors, Radius Global Infrastructure presents a compelling opportunity given its stable revenue from long-term leases and its pivotal role in the telecom sector. The company's financial health is bolstered by a diversified lease portfolio and strategic partnerships with major wireless carriers and tower companies. By focusing on critical communications properties, Radius Global Infrastructure stands out as a key player in the evolving landscape of wireless infrastructure.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) has announced that it will release its first quarter 2023 financial results on Tuesday, May 9, 2023. This announcement follows a prior disclosure on March 1, 2023, regarding a definitive agreement for acquisition by EQT Active Core Infrastructure and the Public Sector Pension Investment Board. Due to this pending acquisition, Radius will not conduct a conference call, issue an earnings presentation, or provide forward-looking guidance during this earnings release. The earnings release will be accessible on the Company's website under the 'Quarterly Results' section.
Radius is involved in owning and acquiring triple net rental streams and real properties leased to various digital infrastructure operators.
EQT Active Core Infrastructure and PSP Investments announced the acquisition of Radius Global Infrastructure (NASDAQ:RADI) for $15.00 per share, totaling an enterprise value of approximately $3.0 billion. Radius, a leader in critical digital infrastructure, operates in over 20 countries with 9,000 leases across nearly 7,000 sites, generating $157.6 million in Annualized In-Place Rents as of 2022. This acquisition aims to enhance Radius' growth in the expanding digital infrastructure market, driven by increasing demand for mobile data and technology advancements. The transaction is expected to close in Q3 2023, contingent on regulatory approvals.
Radius Global Infrastructure reported record revenue of $135.5 million for 2022, marking a 31% increase year-over-year. Gross profit also saw a substantial rise, reaching $128.5 million (up 27%). In Q4 2022, revenue rose by 28% to $37 million, driven by new revenue streams from real property investments. Annualized In-Place Rents increased 34% to $157.6 million. The company maintains approximately $330 million in liquidity for future acquisitions and aims to deploy at least $400 million in Acquisition Capex in 2023.
Radius Global Infrastructure (NASDAQ: RADI) has entered a definitive agreement where EQT Active Core Infrastructure and PSP will acquire Radius for $15.00 per share, valuing the transaction at approximately $3.0 billion. This purchase represents a 28% premium over the closing price on February 24, 2023. The transaction, approved by the Radius Board, is expected to close in Q3 2023, pending regulatory and shareholder approvals. Radius is recognized for its aggregation of real property interests in the digital infrastructure sector, holding interests in over 9,188 assets across multiple countries, generating an annualized revenue of approximately $157.6 million.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) has announced a delay in its earnings release and has canceled the corresponding conference call for the quarter and year ended December 31, 2022. The company is a major international owner and acquirer of real property interests underlying critical digital infrastructure. This delay raises concerns regarding the company’s financial transparency and may affect investor confidence.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) will release its fourth quarter and full year 2022 financial results after the market closes on February 28, 2023. A conference call and webcast are scheduled for March 1, 2023 at 8:30 A.M. ET to discuss these results. The earnings release and presentation slides will be available on the Company's website. The conference call can be accessed by dialing domestic and international numbers provided in the release. A replay will also be available until March 15, 2023.
Radius Global operates as a multinational owner and acquiror of rental streams and properties leased to digital infrastructure operators.
Radius Global Infrastructure, Inc. (Nasdaq: RADI) will host a webcast fireside chat featuring CEO Bill Berkman on December 6, 2022, at 2:50 PM ET during the 2022 Technology Investors Conference in New York, NY. The discussion will be led by Ric Prentiss from Raymond James. Investors can tune into the live webcast via the News & Events section of the company's website. A replay will be available for 14 days post-event. Radius specializes in acquiring properties leased to telecommunications and digital infrastructure operators.
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