Radius Global Infrastructure, Inc. (RADI) Reports Q3 Revenues of $17.9M

Radius Global Infrastructure, Inc. (NASDAQ: RADI) reported Q3 revenue for the quarter came in at $17.9 million, versus $14 million reported last year.

• Revenue increased 28% to $17.9 million for the three months ended September 30, 2020 compared to revenue of $14.0 million for the three months ended September 30, 2019.
• Gross Profit increased 26% to $17.7 million in the 2020 three-month period when compared to revenue of $14.0 million in the corresponding 2019 three month period.

“Our business continues to thrive, despite the broader challenges presented by the global health care crisis. Revenue and gross profit increased to $17.9 million and $17.7 million, respectively, for the third quarter, bringing our Annualized In Place Rents to $68.9 million as of September 30, 2020. Our stable portfolio of cash flow streams provides a compelling balance of yield and growth generated by leases for essential telecom infrastructure, and we are well positioned to continue our global growth with significant cash availability,” commented Bill Berkman, Co-Chairman and Chief Executive Officer.

For earnings history and earnings-related data on Radius Global Infrastructure, Inc. (RADI) click here.

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