Radius Global Infrastructure Reports First Quarter 2022 Results
Radius Global Infrastructure, Inc. (RADI)
Company Research
Source: Business Wire
Revenue Growth of 38% YoY NEW YORK--(BUSINESS WIRE)--Radius Global Infrastructure, Inc. (Nasdaq: RADI) (“Radius” or the “Company”), one of the largest owners and acquirors of real property interests and contractual rights underlying essential digital infrastructure assets in 21 countries, today reported financial results for the quarter ended March 31, 2022.Bill Berkman, Co-Chairman and CEO of Radius Global Infrastructure, commented:“We generated record quarterly revenue of $30.6 million in the first quarter of 2022, up 38% from the first quarter of 2021, with gross profit increasing to $29.8 million in 2021, up 36% from 2021. In the quarter, we also grew Annualized In-Place Rents by 38% to a record $125.4 million. These rents will continue to grow organically and have begun to reflect the effect of our uncapped inflation-indexed escalators, which should continue over the coming quarters based on significantly higher inflation rates in all of our major jurisdictions. With approxima
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