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) announced a webcast fireside chat featuring Co-Chairman and CEO Bill Berkman and the management team on January 5, 2022, at 2:00 PM EST. This event is part of Citi’s AppsEconomy Conference, previously known as the Global Technology, Media and Telecom West Conference. Interested parties can access the live webcast on the company's website, with an archive available for 14 days post-event.
Radius specializes in acquiring real property interests and rights in telecommunications infrastructure across 21 countries.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) announced a subscription agreement for loans up to €750 million on December 21, 2021, with an initial borrowing of €225 million planned. This will increase the company's debt by approximately
Radius Global Infrastructure, Inc. (NASDAQ: RADI) announced a mandatory "Redemption Event" for its outstanding warrants as of November 19, 2021. Unexercised warrants will be redeemed at $0.01 each after December 17, 2021, following a surge in the stock price exceeding $18.00. Holders can exercise their warrants at a 3:1 ratio for Class A common stock at $11.50 each. If fully exercised, this could yield $191.6 million and issue an additional 16,659,152 shares. The company has not made recommendations regarding exercising these warrants.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) has announced its participation in upcoming investor conferences. CEO Bill Berkman will host a webcast fireside chat on December 1, 2021, at 2:00 PM ET during the Wells Fargo Virtual TMT Summit, led by analyst Eric Luebchow. Another chat is scheduled for December 7, 2021, at 1:00 PM ET at the UBS Global TMT Virtual Conference, led by Batya Levi. Both events can be accessed via Radius Global's website, with archives available for 14 days post-event.
Radius Global Infrastructure reported a remarkable 54% year-over-year revenue increase in Q3 2021, totaling $27.5 million, compared to $17.9 million in Q3 2020. Gross profit also surged by 52% to $26.9 million, reflecting a 98% gross profit margin. The company's annualized in-place rents rose 60% to $110.4 million, bolstered by disciplined asset acquisitions totaling $354 million year-to-date. To continue this growth, Radius issued $264.5 million in senior unsecured convertible notes.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) has announced a change in its schedule for releasing third quarter financial results. The release will occur after market close on November 10, 2021, instead of before market open on November 11. A conference call and webcast to discuss these results will still take place on November 11 at 8:30 A.M. Eastern Time. The earnings release and presentation slides will be available on the company's website.
Radius specializes in owning real property interests related to telecommunications infrastructure across 21 countries.
Radius Global Infrastructure (NASDAQ: RADI) will release its third quarter financial results on November 11, 2021, before market open. A webcast and conference call will begin at 8:30 A.M. Eastern Time for a discussion of the results and a Q&A session. Interested participants can access the call by dialing 1-877-407-0789 domestically or 1-201-689-8562 internationally. The presentation will also be available on their website.
Radius owns significant real property interests linked to telecommunications infrastructure across 19 countries, focusing on rental streams from wireless operators.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) announced that CEO Bill Berkman will participate in a webcast fireside chat on September 28, 2021, at 2:40 PM EDT. The discussion will be led by RBC’s Jonathan Atkin, Managing Director, Global Head of Communications Infrastructure Investment Research. The event can be accessed live on Radius Global’s website under the 'Events and Presentations' section. An archive of the webcast will be available for 14 days post-event.
Radius specializes in acquiring assets essential for telecommunications infrastructure across 19 countries.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) has priced $230 million of 2.50% convertible senior notes due 2026, increasing from a previously announced $200 million. The offering will close on September 13, 2021, under Rule 144A. The notes will be guaranteed by APW OpCo LLC and feature a conversion rate of 44.2087 shares per $1,000 principal, equating to a conversion price of approximately $22.62 per share. Radius expects to net about $221.6 million, using funds for corporate purposes, including acquisitions related to telecommunications assets.
Radius Global Infrastructure (NASDAQ: RADI) plans to offer $200 million in convertible senior notes due 2026 in a private placement. An additional $30 million may be offered if initial purchasers exercise their option. The notes will be fully guaranteed by APW OpCo LLC, Radius's subsidiary, and will be convertible into cash or Radius's Class A common stock. Proceeds will support capped call transactions and general corporate purposes, including acquisitions related to telecommunications assets. The offering is subject to market conditions and will not be registered under the Securities Act.
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