Radius Global Infrastructure, Inc. (RADI) Reports Q4 Revenues Beat

Radius Global Infrastructure, Inc. (NASDAQ: RADI) reported Q4 revenue for the quarter came in at $20.1 million versus the consensus estimate of $18.55 million.

QUARTERLY RESULTS

• Revenue increased 36% to $20.1 million for the three months ended December 31, 2020 compared to revenue of $14.8 million for the three months ended December 31, 2019.
• Gross Profit increased 37% to $19.9 million in the 2020 three-month period when compared to gross profit of $14.5 million in the corresponding 2019 three-month period.

“We are extremely pleased with our 2020 results as we delivered strong revenue, gross profit and portfolio growth. Our global acquisition platform generated significant acquisitions at an increasing rate of capital deployment, allowing us to grow our strategic rent portfolio appreciably. In the fourth quarter, we increased revenue by 36%, bringing our Annualized In Place Rents to $84.1 million. We had a similar 35% increase of Annualized In Place Rents year over year. These stable cash flow streams underlying essential telecom infrastructure leases provide a powerful balance of yield and growth, now in increasing scale,” 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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