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 (RADI) reported a 54% year-over-year revenue growth, reaching $25 million for Q2 2021. The company achieved Annualized In-Place Rents of $102.4 million, up 60% from the previous year. Gross profit increased 52% to $24.5 million with a margin of ~98%. In 2021, Radius raised $275 million to expand acquisitions, targeting mid-teen levered returns despite growing competition. The company was also added to the Russell 3000, Russell 2000, and Russell Microcap Indices, enhancing its visibility.
Radius Global Infrastructure (NASDAQ: RADI) is set to release its second quarter financial results on August 11, 2021, with a live conference call starting at 8:30 A.M. Eastern Time. The Company focuses on acquiring real property interests for telecommunications infrastructure across 19 countries. A detailed earnings release and presentation will be available on their website, enhancing transparency and investor engagement. The company leverages its subsidiary, AP WIP Investments, to maintain a robust pipeline of rental streams from wireless operators and tower companies.
Radius Global Infrastructure (NASDAQ: RADI) announced its inclusion in the preliminary list for the Russell 3000® Index, effective June 25. CEO Bill Berkman highlighted this milestone as a reflection of the company's progress since its 2020 Nasdaq listing. The inclusion is expected to enhance visibility of Radius's growth strategy, centered on acquiring durable, inflation-protected cash flows. Additionally, Radius is set to be added to the Russell Microcap Index, which targets assets exceeding $10.6 trillion.
Radius Global Infrastructure (NASDAQ: RADI) has appointed Jason Harbes as Senior Vice President of Investor Relations, effective immediately. Harbes will spearhead the company's global investor relations strategy and engage directly with shareholders. His experience includes roles at Newmark, Ditech, and J.P. Morgan Chase. Harbes is recognized for his contributions as an equity research analyst and holds a B.A. from Harvard and is a CFA charterholder. Radius is a prominent owner of real property interests in telecommunications infrastructure across 19 countries.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) reported a strong performance for the first quarter of 2021, with revenue increasing by 42% to $22.2 million compared to $15.6 million in Q1 2020. Gross profit also rose 41% to $21.9 million, maintaining a gross profit margin of approximately 99%. Annualized In Place Rents increased by 49% to over $90 million. The company invested $104.7 million in real property interests, a significant increase of 385% year-over-year. Recent financing included a $75 million junior secured debt issuance and a PIPE offering for 14.3 million shares at $13.95 each.
Radius Global Infrastructure (NASDAQ: RADI) will release its Q1 financial results on May 12, 2021. The management will host a conference call at 8:30 A.M. Eastern Time to discuss these results and engage with participants. The earnings release and presentation will be available on the Company's website. Radius is a key player in aggregating real property interests for wireless communications, expanding its portfolio through acquisitions and investments in the digital infrastructure sector.
Radius Global Infrastructure (NASDAQ: RADI) reported strong financial results for Q4 and the full year 2020. Revenue rose 36% to $20.1 million in Q4, with annual revenue increasing 25% to $69.8 million. Gross profit for Q4 also surged 37% to $19.9 million, with a full-year gross profit of $69.1 million, up 25%. Annualized In Place Rents reached $84.1 million, a 35% year-over-year increase. Acquisition Capex rose 123% to $220.8 million. The company secured approximately $94 million in funding via interest-only secured notes in February 2021.
Radius Global Infrastructure announced its plans to release fourth quarter and full year 2020 financial results on March 30, 2021. Management will hold a webcast at 8:30 A.M. Eastern Time to review the results and engage in a Q&A session. A replay of the webcast will be available until April 13, 2021. Additionally, the 2021 Annual Meeting of Stockholders will occur virtually on May 25, 2021, at 8:30 A.M. Eastern Time. Stockholders as of March 29, 2021, will be able to attend. Radius operates a diversified portfolio of communications properties leased to wireless carriers, and is expanding into digital infrastructure segments.
Radius Global Infrastructure reported strong third-quarter results, with revenue increasing 28% to $17.9 million and gross profit rising 26% to $17.7 million compared to the previous year. Year-to-date, revenue reached $49.6 million, marking a 21% increase. Annualized In Place Rents grew by 21% to $68.9 million. The company also invested $102.3 million in real property interests, a 69% increase year-over-year. Additionally, Radius successfully raised approximately $157 million through fixed-rate secured notes.
Radius Global Infrastructure, Inc. (NASDAQ: RADI) has appointed Ashley Leeds to its Board of Directors, effective November 12, 2020, increasing the board to nine members. Leeds, currently the CEO of JED Group LLC, has extensive experience in investment banking and private equity. She has served on several public and private company boards and will contribute to the Audit and the Nominating and Corporate Governance Committees. The company continues to expand its portfolio in wireless communications infrastructure, aiming for growth in the U.S. and international markets.
FAQ
What is the market cap of Radius Global Infrastructure (RADI)?
What does Radius Global Infrastructure, Inc. do?
Who operates under Radius Global Infrastructure, Inc.?
Where is Radius Global Infrastructure, Inc. based?
What was the former name of Radius Global Infrastructure, Inc.?
How extensive is Radius Global Infrastructure, Inc.'s portfolio?
How many countries does Radius Global Infrastructure, Inc. operate in?
Why is Radius Global Infrastructure, Inc. important for wireless communications?
What makes Radius Global Infrastructure, Inc. a good investment?
What are the main types of properties managed by Radius Global Infrastructure, Inc.?
How does Radius Global Infrastructure, Inc. support wireless carriers?
