Radius Global Infrastructure, Inc.

Report azionario NasdaqGM:RADI

Capitalizzazione di mercato: US$1.6b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Radius Global Infrastructure Gestione

Criteri Gestione verificati 3/4

Al momento non disponiamo di informazioni sufficienti sull'amministratore delegato.

Informazioni chiave

Bill Berkman

Amministratore delegato

US$5.5m

Compenso totale

Percentuale dello stipendio del CEO9.83%
Mandato del CEO3.6yrs
Proprietà del CEOn/a
Durata media del management3.6yrs
Durata media del Consiglio di amministrazione3.6yrs

Aggiornamenti recenti sulla gestione

Recent updates

Seeking Alpha • Oct 13

Radius Global Infrastructure: Sale Likely Off, Stock Now On Sale

Summary In early May it was reported that Radius was considering a sale of the company. The financing environment has weakened and it is unlikely Radius will be sold near-term. Shares are now trading about 30% below where they were prior to sale rumors. The implied cap rate is now roughly 6.5%. With inflation top of mind, investors should find comfort knowing that the vast bulk of Radius's leases have CPI linked escalators. Assuming a 4.5% cap rate, Radius shares look to have a fair value of $16+ per share, offering long-term shareholders the opportunity to nearly double their investment. Radius Global Infrastructure (RADI) shares have been on a wild ride thus far in 2022. Early in the year, the stock sold off along with the broad decline in the market before rebounding strongly in May as sale rumors emerged sent shares surging. Now five months have passed since sale rumors broke and the deal financing environment has significantly deteriorated making a near-term sale unlikely. With shares having fallen 40% in the past month alone, I believe that RADI is an interesting opportunity for shareholders with a long term time horizon. What is Radius Global Infrastructure? RADI is an aggregator and lessor of the land which sits under cell phone towers primarily in the US, Europe, UK, Australia and Brazil. It typically acquires the land from families or mom and pop operators under both purchase and long term lease contracts (see below). It leases the land to creditworthy tower operators like American Tower (AMT) or Cellnex (CLLNY) in Europe. Escalators, Countries (Company Presentation) Why is Radius out of favor? There are no shortage of reasons that RADI shares have performed poorly including: Seemingly aborted sales process High debt levels - this is mitigated by VERY stable cash flow, limited near term maturities, currency matching, and fixed low interest rates REITs (note: RADI is not a REIT but is very REIT-like) have been decimated thus far in 2022 falling over 30% year to date Radius is a former SPAC - most SPACs have proven to be terrible investments for investors. While RADI is tremendously cash generative, the company expenses site acquisitions costs (in my perfect world this would run through the investing section of the cash flow statement), making investment analysis a bit more cumbersome. Currency - As shown above, RADI earns most of its revenue in Europe/UK and these currencies have weakened materially versus the dollar. Fortunately management had the foresight to borrow in EUR and GBP to match its revenue exposure. Why should investors be interested in Radius Global Infrastructure? A. The company owns/ has long-term rights to critical infrastructure assets which is leased to creditworthy tenants (tower operators and in some cases national telecoms) contracted under long term leases. There is no economic sensitivity - these leases will be paid rain or shine. B. In addition to having highly certain cash flows from creditworthy counter parties, ~70% these cash flows are CPI linked. Essentially, RADI is akin to a very high grade, inflation linked bond.
Seeking Alpha • Aug 08

Radius Global Infrastructure GAAP EPS of -$0.20 beats by $0.50, revenue of $32.57M misses by $1.65M

Radius Global Infrastructure press release (NASDAQ:RADI): Q2 GAAP EPS of -$0.20 beats by $0.50. Revenue of $32.57M (+30.4% Y/Y) misses by $1.65M.
Seeking Alpha • May 10

Radius: Will Possibly Be Acquired By American Tower Or Crown Castle

Radius Global Infrastructure acquires and owns land, fiber, and data center assets which it then leases to tower companies and others. The company has grown revenues rapidly as a result of growing its asset base. Returns on invested capital have also improved but are nonetheless still on the negative side, not conjuring well with an economic environment where interest rates are rising amid recession risks. This may have motivated the management to explore the sale option, aware that with investment-grade tenants and their rental income benefiting from a high level of inflation protection, there would not be a shortage of potential suitors. Out of these, it is most probable that Radius will be acquired by tower companies, and, investors are cautioned that current market optimism for the stock is because of a potential acquisition.
Seeking Alpha • Mar 10

Buy Radius: The Highest Growth And Lowest Risk In Communications Infrastructure

RADI's small size ($1.4bn market cap) puts RADI in a position to pursue almost perpetual growth in a fragmented market (RADI owns 6.2k sites vs. >5mn sites worldwide). I estimate that RADI's cash earnings will grow by a CAGR of 17.3% over the next five as mobile data consumption is expected to grow 20-30% annually through 2026. RADI's ground lease equity carries the lowest risk in the communications capital stack and has WA rent escalators that are nearly double that of traditional net lease REITs. As the US is experiencing the highest inflation level of the last 40 years, 78% of RADI's rental cash flows are protected by floating leases that are based on CPI or a similar inflation metric. Given strong industry tailwinds and high barriers to replicate RADI's strategy, RADI's current 19% discount to its intrinsic value provides a low risk point of entry.

Analisi delle retribuzioni degli amministratori delegati

Come è cambiata la remunerazione di Bill Berkman rispetto agli utili di Radius Global Infrastructure?
DataCompenso totaleStipendioUtili della società
Jun 30 2023n/an/a

-US$166m

Mar 31 2023n/an/a

-US$143m

Dec 31 2022US$5mUS$537k

-US$102m

Sep 30 2022n/an/a

-US$14m

Jun 30 2022n/an/a

-US$46m

Mar 31 2022n/an/a

-US$62m

Dec 31 2021US$1mUS$515k

-US$96m

Sep 30 2021n/an/a

-US$122m

Jun 30 2021n/an/a

-US$152m

Mar 31 2021n/an/a

-US$143m

Dec 31 2020US$20mUS$476k

-US$182m

Sep 30 2020n/an/a

-US$173m

Jun 30 2020n/an/a

-US$133m

Mar 31 2020n/an/a

-US$115m

Dec 31 2019US$69kUS$61k

-US$44m

Compensazione vs Mercato: La retribuzione totale di Bill ($USD 5.46M ) è circa la media per le aziende di dimensioni simili nel mercato US ($USD 5.45M ).

Compensazione vs guadagni: La retribuzione di Bill è aumentata nonostante l'azienda non sia redditizia.

AMMINISTRATORE DELEGATO

Bill Berkman (58 yo)

3.6yrs
Mandato
US$5,464,444
Compensazione

Mr. William Helman Berkman, also known as Bill, has been Co-Chairman and Chief Executive Officer of Radius Global Infrastructure, Inc. since February 10, 2020. He is a Managing Director and Board of Direct...

Gruppo dirigente

NomePosizioneMandatoCompensazioneProprietà
William Berkman
CEO & Co-Chairman3.6yrsUS$5.46mNessun dato
Michael Fascitelli
Co-Founder & Independent Co-Chairman5.8yrsUS$20.00kNessun dato
Scott Bruce
President3.6yrsUS$3.92m0.14%
$ 2.4m
Noam Gottesman
Co-Founder & Independent Non-Executive Directorno dataUS$7.50k1.76%
$ 29.1m
Glenn Breisinger
CFO & Treasurer3.6yrsUS$2.48mNessun dato
Richard Goldstein
Chief Operating Officer3.6yrsUS$3.92m0.14%
$ 2.4m
Jay Birnbaum
Senior VP3.6yrsUS$2.35m0.12%
$ 2.0m
Gary Tomeo
Chief Accounting Officerno dataNessun dato0.029%
$ 481.8k
Jason Harbes
Senior Vice President of Investor Relations2.3yrsNessun datoNessun dato
Susanne Kandel
General Counselno dataNessun datoNessun dato
Daniel Hasselman
Co-Chief Executive Officer of APWireless Infrastructure Partners3.8yrsNessun datoNessun dato
Scott Langeland
Co-Chief Executive Officer at of AP Wireless Infrastructure Partners3.8yrsNessun datoNessun dato
3.6yrs
Durata media
62yo
Età media

Gestione esperta: Il team dirigenziale di RADI è considerato esperto (durata media dell'incarico 3.6 anni).

Membri del Consiglio di amministrazione

NomePosizioneMandatoCompensazioneProprietà
William Berkman
CEO & Co-Chairman3.6yrsUS$5.46mNessun dato
Michael Fascitelli
Co-Founder & Independent Co-Chairman5.8yrsUS$20.00kNessun dato
Noam Gottesman
Co-Founder & Independent Non-Executive Director5.8yrsUS$7.50k1.76%
$ 29.1m
Ashley Leeds
Independent Director2.8yrsUS$195.01k0.036%
$ 594.8k
Antoinette Cook Bush
Independent Non-Executive Director3.6yrsUS$187.51k0.050%
$ 831.6k
Paul Gould
Independent Non-Executive Director3.6yrsUS$175.01k0.045%
$ 742.5k
Nick Advani
Independent Non-Executive Director3.6yrsUS$192.51k0.050%
$ 831.6k
William Rahm
Independent Non-Executive Director3.6yrsNessun datoNessun dato
Thomas King
Independent Non-Executive Director3.6yrsUS$210.01k0.050%
$ 831.6k
3.6yrs
Durata media
62yo
Età media

Consiglio di amministrazione esperto: I membri del consiglio di amministrazione di RADI sono considerati esperti (durata media dell'incarico 3.6 anni).

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2023/09/22 10:44
Prezzo dell'azione a fine giornata2023/09/20 00:00
Utili2023/06/30
Utili annuali2022/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Radius Global Infrastructure, Inc. è coperta da 6 analisti. 3 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Nathan CrossettBerenberg
Nathan CrossettBNP Paribas
Jonathan PetersenJefferies LLC