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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 reported a 29% year-over-year revenue increase for Q3 2022, reaching $35.3 million. This growth stemmed from new investments in real property interests, driving a 21% rise in Annualized In-Place Rents (AIPR) to $133.6 million. The company maintains strong liquidity with approximately $494 million available for asset acquisitions. Despite a slight decrease in acquisition capex, the firm aims to exceed $400 million in 2022. Management expects resilient performance in the volatile macroeconomic landscape.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) will announce its third quarter 2022 financial results after market close on November 8, 2022. A webcast and conference call is scheduled for November 9, 2022, at 10:30 A.M. Eastern Time to discuss the results and answer questions. Earnings release and presentation slides will be available on the Company's website under the 'Quarterly Results' section. Interested participants can access the call by dialing specified numbers or via the company’s website.
Radius Global Infrastructure reported a 30% increase in GAAP revenue for Q2 2022, reaching $32.6 million, driven by additional revenue streams from past investments. Annualized In-Place Rents grew by 29% to a record $131.7 million. The company invested $179.5 million in acquiring assets. With $615 million in cash, Radius has a positive liquidity position, and all debt is fixed-rate or capped. The company expects to exceed its $400 million acquisition capex guidance for the year. However, foreign exchange impacts were noted amid overall growth.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) will release its second quarter 2022 financial results after market close on August 8, 2022. A conference call is scheduled for August 9, 2022, at 8:30 A.M. Eastern Time, to discuss the results and answer questions. The earnings release and presentation slides will be available on the Company’s website. Radius specializes in acquiring real property interests and rights for telecommunications infrastructure globally and maintains a diversified portfolio of rental streams from wireless operators.
Radius Global Infrastructure reported a 38% year-over-year revenue growth, reaching $30.6 million for Q1 2022. Gross profit also surged by 36% to $29.8 million, reflecting a strong gross profit margin of approximately 97%. Annualized In-Place Rents climbed to $125.4 million, marking a significant rise driven by recent investments and inflation-indexed rental escalators. The company currently holds about $846 million in cash and equivalents, bolstering its capacity for future acquisitions in the digital infrastructure sector.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) announced a $165 million loan from AP WIP Holdings, LLC, aimed at refinancing existing credit obligations maturing in 2023. The new facility has a lower fixed interest rate of 3.64% and a five-year maturity, compared to the previous rate of 4.25%. Proceeds will also support ongoing acquisitions of ground lease assets and general working capital. Additionally, the facility received an 'A' rating from Fitch, with a leverage cap of 9.75x eligible annual cash flow.
Radius Global Infrastructure (RADI) will announce its Q1 2022 financial results on May 9, 2022, after market close. A conference call will follow on May 10, 2022, at 8:30 A.M. ET, allowing investors to discuss results and recent developments. A replay of the call will be available later on the company’s website. Radius is a leading owner of real property interests for telecommunications infrastructure across 21 countries, providing essential digital services through its diverse portfolio of rental streams.
Radius Global Infrastructure reported a 48% increase in revenue for 2021, reaching $103.6 million, driven by strong acquisitions. Gross profit rose by 46% to $101.1 million. Fourth-quarter revenue jumped 44% year-over-year, with annualized in-place rents increasing by 40% to $117.9 million. The company has approximately $880 million in cash available for acquisitions. With a commitment to maintain a strong acquisition pace, Radius targets at least $400 million in acquisition capex for 2022.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) will release its fourth quarter and full year 2021 financial results on February 28, 2022. A conference call and webcast are scheduled for March 1, 2022, at 8:30 A.M. Eastern Time, to discuss the results and recent company events. Following the call, a replay will be available on their website. Radius specializes in owning and acquiring real property interests tied to telecommunications infrastructure across 21 countries, focusing on creating diversified rental streams from wireless operators.
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